Parker-Hannifin Corporation $PH Shares Sold by One Wealth Capital Management LLC

One Wealth Capital Management LLC lowered its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 79.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 243 shares of the industrial products company’s stock after selling 951 shares during the quarter. One Wealth Capital Management LLC’s holdings in Parker-Hannifin were worth $232,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PH. Polaris Financial Partners acquired a new stake in Parker-Hannifin in the third quarter worth $26,000. Archer Investment Corp acquired a new position in shares of Parker-Hannifin in the 2nd quarter valued at $28,000. Pension & Wealth Management Advisors Inc. bought a new stake in shares of Parker-Hannifin in the 3rd quarter valued at $30,000. NFSG Corp increased its position in shares of Parker-Hannifin by 94.4% in the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock valued at $31,000 after buying an additional 17 shares in the last quarter. Finally, Bell Investment Advisors Inc acquired a new stake in Parker-Hannifin during the 2nd quarter worth $35,000. Institutional investors own 82.44% of the company’s stock.

Insider Buying and Selling

In other Parker-Hannifin news, VP Berend Bracht sold 602 shares of the business’s 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 sale, the vice president directly owned 4,399 shares of the company’s stock, valued at $4,577,027.53. The trade was a 12.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.35% of the stock is owned by company insiders.

Parker-Hannifin Price Performance

Shares of PH opened at $880.03 on Friday. The stock has a market capitalization of $110.98 billion, a P/E ratio of 30.89, a P/E/G ratio of 2.45 and a beta of 1.12. Parker-Hannifin Corporation has a twelve month low of $755.10 and a twelve month high of $1,099.94. The company has a 50 day moving average of $966.89 and a 200-day moving average of $951.03. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, topping analysts’ consensus estimates of $8.31 by $0.96. The business had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.57 billion. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.69 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, equities research analysts forecast that Parker-Hannifin Corporation will post 35.72 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Monday, August 31st were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, August 31st. Parker-Hannifin’s payout ratio is presently 28.08%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PH. TD Cowen lifted their target price on Parker-Hannifin from $850.00 to $950.00 and gave the stock a “hold” rating in a report on Wednesday, October 14th. BMO Capital Markets restated an “outperform” rating and issued a $1,214.00 price target (up from $1,068.00) on shares of Parker-Hannifin in a report on Friday, August 7th. Raymond James Financial raised their price target on Parker-Hannifin from $1,050.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Sanford C. Bernstein raised their price target on Parker-Hannifin from $1,037.00 to $1,218.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Parker-Hannifin from $998.00 to $1,023.00 and gave the company a “hold” rating in a report on Wednesday, September 30th. Eighteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Parker-Hannifin has a consensus rating of “Moderate Buy” and a consensus price target of $1,146.35.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies and systems. The company serves aerospace, industrial, and other specialized markets with products designed to control the movement and flow of liquids and gases, as well as mechanical motion and power.

Its product portfolio includes hydraulic and pneumatic systems, filtration and process-control equipment, electromechanical technologies, sealing and shielding products, connectors, pumps, valves, and related components.