Nisa Investment Advisors LLC Purchases 1,717 Shares of Parker-Hannifin Corporation $PH

Nisa Investment Advisors LLC raised its holdings in Parker-Hannifin Corporation (NYSE:PH) by 4.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 42,593 shares of the industrial products company’s stock after buying an additional 1,717 shares during the period. Nisa Investment Advisors LLC’s holdings in Parker-Hannifin were worth $32,292,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PH. Interchange Capital Partners LLC bought a new position in Parker-Hannifin during the 2nd quarter worth about $31,000. State of Wyoming purchased a new stake in shares of Parker-Hannifin during the 2nd quarter worth $38,000. Princeton Global Asset Management LLC boosted its position in Parker-Hannifin by 56.1% during the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 23 shares in the last quarter. Sagard Holdings Management Inc. purchased a new position in Parker-Hannifin in the second quarter valued at about $46,000. Finally, Financial Consulate Inc. bought a new position in Parker-Hannifin in the third quarter worth about $47,000. Institutional investors own 82.44% of the company’s stock.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Rachid Bendali sold 1,437 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total value of $1,225,746.63. Following the sale, the vice president directly owned 2,714 shares of the company’s stock, valued at $2,315,014.86. This represents a 34.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Andrew D. Ross sold 2,488 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the completion of the sale, the chief operating officer owned 13,120 shares in the company, valued at $11,739,907.20. The trade was a 15.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 7,432 shares of company stock worth $6,484,116. Company insiders own 0.32% of the company’s stock.

Parker-Hannifin Price Performance

NYSE PH opened at $906.72 on Friday. The company has a market cap of $114.42 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 3.16 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.61. The stock’s fifty day moving average price is $860.47 and its 200 day moving average price is $780.34. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $933.33.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter in the previous year, the business earned $6.20 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS and its FY 2026 guidance at 29.600-30.400 EPS. As a group, equities research analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 7th were given a dividend of $1.80 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 25.65%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PH. Susquehanna restated a “positive” rating and issued a $1,000.00 price target on shares of Parker-Hannifin in a report on Wednesday, November 12th. Mizuho raised their target price on shares of Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. The Goldman Sachs Group upped their price target on Parker-Hannifin from $900.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Stifel Nicolaus raised their price objective on Parker-Hannifin from $850.00 to $869.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Finally, Argus restated a “buy” rating and set a $900.00 target price on shares of Parker-Hannifin in a research note on Monday, November 10th. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $932.11.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.