GHP Investment Advisors Inc. Buys 310 Shares of Parker-Hannifin Corporation $PH

by · The Cerbat Gem

GHP Investment Advisors Inc. increased its stake in Parker-Hannifin Corporation (NYSE:PH – Free Report) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,751 shares of the industrial products company’s stock after buying an additional 310 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Parker-Hannifin were worth $11,700,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Wealth Preservation Advisors LLC bought a new stake in Parker-Hannifin in the first quarter worth $27,000. Saudi Central Bank purchased a new stake in Parker-Hannifin in the first quarter worth $31,000. Interchange Capital Partners LLC purchased a new stake in Parker-Hannifin in the second quarter worth $31,000. Olde Wealth Management LLC purchased a new stake in Parker-Hannifin in the first quarter worth $35,000. Finally, Chilton Capital Management LLC increased its stake in Parker-Hannifin by 1,500.0% in the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 60 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the transaction, the vice president owned 2,798 shares in the company, valued at $2,035,153.28. The trade was a 22.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas C. Gentile sold 1,133 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $729.50, for a total value of $826,523.50. Following the completion of the transaction, the vice president owned 5,465 shares in the company, valued at $3,986,717.50. This trade represents a 17.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,039 shares of company stock valued at $10,356,566 over the last three months. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $772.88 on Friday. The firm has a market cap of $97.80 billion, a P/E ratio of 28.50, a P/E/G ratio of 3.21 and a beta of 1.35. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $792.53. The stock’s fifty day moving average price is $754.74 and its 200-day moving average price is $705.10.

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

Parker-Hannifin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s payout ratio is 26.55%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PH. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Wednesday, October 8th. Morgan Stanley increased their target price on Parker-Hannifin from $700.00 to $725.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price on the stock. in a research note on Thursday, September 4th. Wall Street Zen upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Finally, Citigroup increased their target price on Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $794.35.

Check Out Our Latest Stock Report on PH

Parker-Hannifin Company Profile

(Free Report)

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.

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