Parker-Hannifin Corporation $PH Shares Sold by Quantitative Investment Management LLC

Quantitative Investment Management LLC cut its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 74.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,218 shares of the industrial products company’s stock after selling 3,580 shares during the period. Quantitative Investment Management LLC’s holdings in Parker-Hannifin were worth $1,191,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PH. Moore Capital Management LP grew its holdings in Parker-Hannifin by 251.4% in the second quarter. Moore Capital Management LP now owns 7,674 shares of the industrial products company’s stock valued at $7,506,000 after purchasing an additional 5,490 shares during the period. Two Sigma Securities LLC purchased a new position in shares of Parker-Hannifin during the 2nd quarter valued at approximately $849,000. Benjamin Edwards Inc. grew its stake in Parker-Hannifin by 6.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 4,999 shares of the industrial products company’s stock valued at $4,891,000 after acquiring an additional 310 shares during the period. Alyeska Investment Group L.P. purchased a new stake in Parker-Hannifin in the 2nd quarter worth $161,914,000. Finally, Cookson Peirce & Co. Inc. raised its position in Parker-Hannifin by 1.5% during the second quarter. Cookson Peirce & Co. Inc. now owns 2,552 shares of the industrial products company’s stock worth $2,496,000 after acquiring an additional 38 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on PH shares. Evercore set a $1,064.00 target price on shares of Parker-Hannifin in a research report on Monday, May 11th. Susquehanna lifted their price objective on Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Wells Fargo & Company cut their price objective on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. BNP Paribas Exane restated an “outperform” rating and issued a $1,220.00 target price (up from $1,090.00) on shares of Parker-Hannifin in a research report on Friday, August 7th. Finally, Sanford C. Bernstein lifted their price target on Parker-Hannifin from $1,037.00 to $1,218.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Seventeen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,100.00.

Parker-Hannifin Trading Down 1.5%

PH opened at $979.89 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 0.74. The company’s 50 day simple moving average is $992.06 and its two-hundred day simple moving average is $950.21. Parker-Hannifin Corporation has a 1-year low of $715.37 and a 1-year high of $1,099.94. The firm has a market capitalization of $123.52 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 2.59 and a beta of 1.12.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, beating the consensus estimate of $8.31 by $0.96. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter last year, the firm earned $7.69 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Analysts expect that Parker-Hannifin Corporation will post 34.93 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 31st will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, August 31st. Parker-Hannifin’s dividend payout ratio (DPR) is presently 28.08%.

Insider Buying and Selling

In other Parker-Hannifin 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is owned by company insiders.

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.