AssuredPartners Investment Advisors LLC Sells 608 Shares of Parker-Hannifin Corporation $PH

Key Points

• AssuredPartners Investment Advisors LLC significantly reduced its stake in Parker-Hannifin Corporation by 60%, selling 608 shares and currently holding 406 shares valued at $284,000.
• Insider selling at Parker-Hannifin was noted as VP Matthew A. Jacobson and COO Andrew D. Ross sold large amounts of stock, with total insider sales amounting to approximately $10.36 million in the past 90 days.
• Parker-Hannifin reported a quarterly earnings per share (EPS) of $7.69, exceeding the consensus estimate by $0.61, and set its FY 2026 guidance at 28.400-29.400 EPS.

AssuredPartners Investment Advisors LLC reduced its stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 60.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 406 shares of the industrial products company's stock after selling 608 shares during the period. AssuredPartners Investment Advisors LLC's holdings in Parker-Hannifin were worth $284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cascade Financial Partners LLC raised its holdings in shares of Parker-Hannifin by 3.1% in the 1st quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company's stock worth $303,000 after acquiring an additional 15 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Parker-Hannifin by 0.8% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,814 shares of the industrial products company's stock valued at $1,103,000 after acquiring an additional 15 shares during the last quarter. Bingham Private Wealth LLC boosted its stake in Parker-Hannifin by 3.3% in the second quarter. Bingham Private Wealth LLC now owns 472 shares of the industrial products company's stock valued at $330,000 after acquiring an additional 15 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Parker-Hannifin by 3.6% in the second quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company's stock valued at $300,000 after acquiring an additional 15 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Parker-Hannifin by 0.5% in the first quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company's stock valued at $1,759,000 after purchasing an additional 15 shares during the period. 82.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Matthew A. Jacobson sold 575 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $733.06, for a total transaction of $421,509.50. Following the completion of the sale, the vice president directly owned 1,000 shares in the company, valued at approximately $733,060. This trade represents a 36.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Andrew D. Ross sold 4,361 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the sale, the chief operating officer owned 13,120 shares of the company's stock, valued at approximately $9,612,499.20. This represents a 24.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,039 shares of company stock worth $10,356,566 in the last 90 days. Insiders own 0.32% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PH. Citigroup boosted their price target on shares of Parker-Hannifin from $831.00 to $874.00 and gave the company a "buy" rating in a research report on Thursday, October 9th. Evercore ISI reissued an "outperform" rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Weiss Ratings reissued a "buy (b)" rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Cowen reaffirmed a "hold" rating on shares of Parker-Hannifin in a report on Friday, August 29th. Finally, Wells Fargo & Company increased their target price on shares of Parker-Hannifin from $800.00 to $840.00 and gave the company an "overweight" rating in a report on Monday, October 6th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $789.83.

Parker-Hannifin Trading Up 1.1%

NYSE:PH opened at $734.26 on Friday. The company has a 50-day moving average price of $750.51 and a 200-day moving average price of $689.14. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $779.77. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The stock has a market cap of $92.91 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 3.00 and a beta of 1.35.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.10 billion. During the same period last year, the company posted $6.77 EPS. Parker-Hannifin's revenue was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio (DPR) is currently 26.55%.

About Parker-Hannifin

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.

Want to see what other hedge funds are holding PH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Parker-Hannifin Corporation (NYSE:PH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.