Parker-Hannifin Corporation $PH Shares Sold by Cornerstone Planning Group LLC

Key Points

• Cornerstone Planning Group LLC cut its stake in Parker‑Hannifin by 98.0% in Q4, selling 7,632 shares and leaving 152 shares valued at $139,000, while corporate insiders sold 10,063 shares (~$9.89M) during the quarter.
• Parker‑Hannifin beat Q3 estimates (adjusted EPS $8.17; revenue $5.49B), raised FY‑2026 adjusted EPS guidance to $31.20, reported a record $12.5B backlog, and boosted shareholder returns via ~$275M buybacks and a higher dividend ($2.00 quarterly).
• Analysts are largely positive—17 Buy vs. 4 Hold ratings—with a consensus "Moderate Buy" and an average price target around $1,012, while the stock trades below its 12‑month high of $1,034.96.

Cornerstone Planning Group LLC decreased its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 98.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152 shares of the industrial products company's stock after selling 7,632 shares during the period. Cornerstone Planning Group LLC's holdings in Parker-Hannifin were worth $139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Parker-Hannifin by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 11,142,535 shares of the industrial products company's stock worth $9,793,843,000 after acquiring an additional 33,606 shares during the last quarter. Procyon Advisors LLC raised its stake in Parker-Hannifin by 158,565.9% in the 3rd quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company's stock worth $3,843,346,000 after acquiring an additional 5,066,179 shares during the last quarter. Bank of America Corp DE raised its stake in Parker-Hannifin by 0.6% in the 3rd quarter. Bank of America Corp DE now owns 3,904,591 shares of the industrial products company's stock worth $2,960,266,000 after acquiring an additional 22,706 shares during the last quarter. Capital World Investors raised its stake in Parker-Hannifin by 7.0% in the 3rd quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company's stock worth $1,959,166,000 after acquiring an additional 169,073 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Parker-Hannifin by 0.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,207,996 shares of the industrial products company's stock worth $1,674,132,000 after acquiring an additional 13,309 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PH shares. JPMorgan Chase & Co. raised their target price on Parker-Hannifin from $1,083.00 to $1,100.00 and gave the stock an "overweight" rating in a research note on Friday, January 30th. The Goldman Sachs Group restated a "buy" rating on shares of Parker-Hannifin in a research note on Thursday, January 29th. Robert W. Baird set a $1,050.00 target price on Parker-Hannifin in a research note on Friday, January 30th. iA Financial set a $1,032.00 target price on Parker-Hannifin in a research note on Thursday, January 29th. Finally, Citigroup raised their target price on Parker-Hannifin from $1,137.00 to $1,141.00 and gave the stock a "buy" rating in a research note on Friday. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of "Moderate Buy" and an average price target of $1,012.45.

Parker-Hannifin News Roundup

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Q3 beat and raised outlook — Adjusted EPS of $8.17 (+18% YoY) and record quarterly revenue (~$5.5B). Management lifted FY‑2026 adjusted EPS guidance to $31.20, signaling continued demand and execution. Parker Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Record backlog and aerospace strength — Backlog hit $12.5B and aerospace organic growth/expanding margins were highlighted as the primary tailwinds supporting near‑term revenue visibility. Parker Hannifin Backlog Hits Record $12.5 Billion, Lifts Outlook
• Positive Sentiment: Cash generation & buybacks/dividend — Year‑to‑date operating cash flow remains strong (record), the company repurchased ~$275M in the quarter and raised its dividend (70th consecutive hike), supporting shareholder returns. Parker Reports Fiscal 2026 Third Quarter Results
• Neutral Sentiment: Analyst coverage remains constructive — Multiple buy/overweight ratings and a median price target around $1,038 suggest upside among sell‑side analysts, which can limit downside but also set high expectations. Parker-Hannifin Stock (PH) Opinions on Q3 Earnings Beat
• Neutral Sentiment: Institutional flows mixed — Large asset managers trimmed positions while other funds added; this rebalancing increases intra‑day volume and can amplify moves without signaling a clear directional consensus. Parker-Hannifin Stock (PH) Opinions on Q3 Earnings Beat
• Negative Sentiment: Sell‑the‑news reaction — Despite beats, shares fell after the print as investors digested that the raise wasn’t a major upside surprise and that GAAP net income/EPS fell vs. prior year (prior quarter included a discrete tax benefit). Parker-Hannifin shares slide as investors digest Q3 results and a raised—but not blowout—full-year outlook
• Negative Sentiment: Heavy insider selling — Public filings show no insider purchases and numerous sales by senior executives in recent months; that can spook momentum traders even if sales may be for diversification or tax planning. Parker-Hannifin Stock (PH) Opinions on Q3 Earnings Beat
• Negative Sentiment: Guidance details mixed — Adjusted EPS guidance slightly above consensus but revenue guidance (~$21.2B) was roughly in line or slightly below some street models; not a clear upward re‑rating catalyst. Parker-Hannifin Tops Q3 Earnings & Sales Estimates, Updates 26' View

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Matthew A. Jacobson sold 564 shares of the business's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $949.94, for a total transaction of $535,766.16. Following the completion of the sale, the vice president directly owned 1,000 shares in the company, valued at approximately $949,940. The trade was a 36.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Todd M. Leombruno sold 2,062 shares of the business's stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $1,002.34, for a total value of $2,066,825.08. Following the sale, the chief financial officer owned 20,610 shares of the company's stock, valued at approximately $20,658,227.40. This trade represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 10,063 shares of company stock worth $9,891,214 in the last quarter. Corporate insiders own 0.32% of the company's stock.

Parker-Hannifin Price Performance

Shares of Parker-Hannifin stock opened at $881.74 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. Parker-Hannifin Corporation has a twelve month low of $608.31 and a twelve month high of $1,034.96. The business has a 50-day moving average price of $948.12 and a 200 day moving average price of $901.99. The firm has a market cap of $111.29 billion, a PE ratio of 32.52, a P/E/G ratio of 2.84 and a beta of 1.18.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the previous year, the business earned $6.94 EPS. Parker-Hannifin's revenue for the quarter was up 10.6% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Sell-side analysts predict that Parker-Hannifin Corporation will post 31.09 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, May 8th. This is a positive change from Parker-Hannifin's previous quarterly dividend of $1.80. Parker-Hannifin's payout ratio is presently 26.26%.

Parker-Hannifin 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.

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