1,424 Shares in Parker-Hannifin Corporation $PH Acquired by Integrated Quantitative Investments LLC

Key Points

• Integrated Quantitative Investments LLC opened a new Q3 position in Parker-Hannifin of 1,424 shares (~$1.08M), and institutional investors now own about 82.44% of the stock.
• Company insiders have been net sellers — including VP Berend Bracht's sale of 1,457 shares — with insiders selling 12,551 shares worth $12.12M over the past three months while insiders hold just 0.32% of the company.
• Parker-Hannifin beat quarterly estimates with $7.65 EPS and $5.17B revenue (+9.1% YoY), announced a quarterly dividend of $1.80 (annualized $7.20, yield 0.7%, ex-dividend Feb 6), and carries a consensus rating of Moderate Buy (target ≈ $995).

Integrated Quantitative Investments LLC purchased a new position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,424 shares of the industrial products company's stock, valued at approximately $1,080,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Berkshire Asset Management LLC PA boosted its position in shares of Parker-Hannifin by 1.1% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 1,208 shares of the industrial products company's stock worth $916,000 after purchasing an additional 13 shares in the last quarter. Bridgewater Advisors Inc. grew its stake in Parker-Hannifin by 2.3% in the third quarter. Bridgewater Advisors Inc. now owns 567 shares of the industrial products company's stock valued at $473,000 after acquiring an additional 13 shares during the period. Fidelis Capital Partners LLC raised its position in shares of Parker-Hannifin by 1.3% during the second quarter. Fidelis Capital Partners LLC now owns 1,071 shares of the industrial products company's stock worth $747,000 after purchasing an additional 14 shares during the period. High Net Worth Advisory Group LLC grew its position in Parker-Hannifin by 0.3% in the 3rd quarter. High Net Worth Advisory Group LLC now owns 4,694 shares of the industrial products company's stock valued at $3,559,000 after purchasing an additional 14 shares during the period. Finally, Valeo Financial Advisors LLC lifted its stake in shares of Parker-Hannifin by 0.8% in the second quarter. Valeo Financial Advisors LLC now owns 1,833 shares of the industrial products company's stock valued at $1,280,000 after buying an additional 15 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Berend Bracht sold 1,457 shares of Parker-Hannifin stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $946.48, for a total value of $1,379,021.36. Following the completion of the transaction, the vice president directly owned 2,580 shares in the company, valued at approximately $2,441,918.40. The trade was a 36.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Matthew A. Jacobson sold 564 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $949.94, for a total value of $535,766.16. Following the sale, the vice president directly owned 1,000 shares in the company, valued at $949,940. This trade represents a 36.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 12,551 shares of company stock worth $12,117,502. Company insiders own 0.32% of the company's stock.

Parker-Hannifin Stock Down 0.2%

PH stock opened at $986.90 on Thursday. The stock has a fifty day moving average of $953.78 and a 200-day moving average of $849.82. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $1,034.96. The company has a market capitalization of $124.56 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 3.18 and a beta of 1.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 1.18.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The industrial products company reported $7.65 EPS for the quarter, beating the consensus estimate of $7.11 by $0.54. The business had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $5.07 billion. Parker-Hannifin had a net margin of 17.29% and a return on equity of 27.56%. The company's revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.53 earnings per share. As a group, equities research analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 6th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, February 6th. Parker-Hannifin's payout ratio is currently 26.26%.

Analyst Ratings Changes

PH has been the subject of a number of recent research reports. BNP Paribas Exane started coverage on Parker-Hannifin in a report on Thursday, December 4th. They set an "outperform" rating and a $1,020.00 price objective for the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Parker-Hannifin in a research note on Thursday, January 22nd. Susquehanna reaffirmed a "positive" rating and set a $1,000.00 price target on shares of Parker-Hannifin in a research report on Wednesday, November 12th. Robert W. Baird set a $1,050.00 price objective on Parker-Hannifin in a research report on Friday, January 30th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Parker-Hannifin in a research note on Thursday, January 29th. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $995.37.

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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