Parker-Hannifin Corporation $PH Stock Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 4.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,201 shares of the industrial products company's stock after selling 1,614 shares during the quarter. Commonwealth Equity Services LLC's holdings in Parker-Hannifin were worth $37,454,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Polaris Financial Partners acquired a new stake in shares of Parker-Hannifin during the 3rd quarter worth approximately $26,000. Archer Investment Corp bought a new stake in shares of Parker-Hannifin in the 2nd quarter valued at $28,000. Latitude Advisors LLC bought a new stake in shares of Parker-Hannifin in the 3rd quarter valued at $27,000. Team Financial Group LLC acquired a new position in shares of Parker-Hannifin during the 3rd quarter valued at $28,000. Finally, Pension & Wealth Management Advisors Inc. acquired a new position in shares of Parker-Hannifin during the 3rd quarter valued at $30,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $915.21 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 0.79. Parker-Hannifin Corporation has a twelve month low of $806.22 and a twelve month high of $1,099.94. The stock's 50 day moving average is $946.34 and its 200-day moving average is $949.24. The firm has a market capitalization of $115.42 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.46 and a beta of 1.15.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The industrial products company reported $8.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $0.69. Parker-Hannifin had a net margin of 16.62% and a return on equity of 28.80%. The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter last year, the firm posted $7.22 EPS. Parker-Hannifin's revenue was up 17.9% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. Sell-side analysts forecast that Parker-Hannifin Corporation will post 37.06 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 13th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th. Parker-Hannifin's dividend payout ratio (DPR) is 27.47%.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Berend Bracht sold 602 shares of Parker-Hannifin stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the completion of the transaction, the vice president directly owned 4,399 shares in the company, valued at $4,577,027.53. This trade represents a 12.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.35% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on PH shares. Robert W. Baird raised their price target on shares of Parker-Hannifin from $1,050.00 to $1,275.00 in a report on Friday, August 7th. Evercore lifted their price target on shares of Parker-Hannifin from $1,064.00 to $1,217.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. Truist Financial upped their price objective on shares of Parker-Hannifin from $1,269.00 to $1,358.00 and gave the company a "buy" rating in a report on Friday, August 7th. TD Cowen increased their price objective on shares of Parker-Hannifin from $850.00 to $950.00 and gave the stock a "hold" rating in a research report on Wednesday, October 14th. Finally, Argus raised their target price on Parker-Hannifin from $1,030.00 to $1,200.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Eighteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Parker-Hannifin presently has an average rating of "Moderate Buy" and a consensus price target of $1,146.35.

Parker-Hannifin News Roundup

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

• Positive Sentiment: Results and outlook topped expectations. Fiscal Q1 sales rose 18% to a record $6.0 billion, with organic growth of 11.5%. Adjusted EPS of $8.90 beat the $8.21 consensus estimate. PH raised FY2027 adjusted EPS guidance to $36.45–$37.25, above analyst estimates, and forecast revenue of $24.9–$25.6 billion, also ahead of consensus. Company earnings release
• Positive Sentiment: Broad demand and operating performance strengthened the growth case. Management cited increased demand across market verticals and record backlog levels. Adjusted segment operating margin expanded to 28.6%, up 120 basis points year over year; the company also raised its outlook for organic sales growth, margins and free cash flow. Zacks earnings analysis
• Neutral Sentiment: Truist lowered its price target but maintained a Buy rating. The firm cut its target to $1,237 from $1,358, a less bullish valuation view that nonetheless remains consistent with a positive recommendation. Truist price-target update
• Neutral Sentiment: PH is scheduled to present at the Robert W. Baird Global Industrial Conference on November 10. The announcement did not provide new financial details. Conference announcement

Parker-Hannifin Profile

Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications.

The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.

Founded in 1917 by Arthur L.

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