National Wealth Management Group LLC Takes $666,000 Position in Parker-Hannifin Corporation $PH

National Wealth Management Group LLC acquired a new position in Parker-Hannifin Corporation (NYSE:PH) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 879 shares of the industrial products company’s stock, valued at approximately $666,000.

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

Parker-Hannifin Stock Down 1.2%

Parker-Hannifin stock opened at $927.58 on Monday. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $954.30. The stock has a market cap of $117.05 billion, a P/E ratio of 33.05, a P/E/G ratio of 3.23 and a beta of 1.25. The company’s 50-day moving average price is $886.56 and its two-hundred day moving average price is $799.88. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $6.20 earnings per share. 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, analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 6th will be issued a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $7.20 annualized dividend and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 25.65%.

Insider Transactions at Parker-Hannifin

In other news, VP Berend Bracht sold 3,507 shares of Parker-Hannifin stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total value of $3,032,082.06. Following the completion of the sale, the vice president directly owned 2,580 shares in the company, valued at approximately $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Rachid Bendali sold 1,437 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was 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 in the company, valued at $2,315,014.86. This represents a 34.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 7,432 shares of company stock valued at $6,484,116. 0.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PH. BNP Paribas Exane began coverage on shares of Parker-Hannifin in a research note on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 price objective on the stock. Robert W. Baird upped their price target on shares of Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. KeyCorp boosted their target price on Parker-Hannifin from $935.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Morgan Stanley reaffirmed a “positive” rating on shares of Parker-Hannifin in a research note on Wednesday, January 14th. Finally, JPMorgan Chase & Co. lifted their price target on Parker-Hannifin from $1,050.00 to $1,083.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $950.17.

About Parker-Hannifin

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.