AlphaQuest LLC Has $92,000 Position in Parker-Hannifin Corporation $PH

Key Points

• AlphaQuest LLC significantly reduced its holdings in Parker-Hannifin Corporation by selling 1,763 shares, resulting in a 92.1% decrease in its stake, leaving them with 151 shares valued at $92,000.
• Wall Street analysts have a positive outlook on Parker-Hannifin, with the average target price set at $768.71 and fourteen analysts recommending a Buy rating.
• Parker-Hannifin recently announced a quarterly dividend of $1.80 per share, with a total annualized dividend yield of 1.0%, reflecting a dividend payout ratio of 26.55%.

AlphaQuest LLC lowered its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 92.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 151 shares of the industrial products company's stock after selling 1,763 shares during the period. AlphaQuest LLC's holdings in Parker-Hannifin were worth $92,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new stake in Parker-Hannifin during the fourth quarter worth approximately $32,000. Olde Wealth Management LLC acquired a new position in Parker-Hannifin during the first quarter worth $35,000. Chilton Capital Management LLC raised its stake in Parker-Hannifin by 1,500.0% during the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock worth $39,000 after acquiring an additional 60 shares in the last quarter. Accent Capital Management LLC acquired a new position in Parker-Hannifin during the first quarter worth $41,000. Finally, Sierra Ocean LLC increased its stake in shares of Parker-Hannifin by 89.5% in the first quarter. Sierra Ocean LLC now owns 72 shares of the industrial products company's stock valued at $44,000 after buying an additional 34 shares in the last quarter. Institutional investors own 82.44% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on PH shares. Raymond James Financial lifted their price objective on Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Wall Street Zen upgraded Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. KeyCorp raised their target price on Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Stifel Nicolaus raised their target price on Parker-Hannifin from $717.00 to $726.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Finally, Cowen restated a "hold" rating on shares of Parker-Hannifin in a report on Friday, August 29th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $770.94.

Insiders Place Their Bets

In related news, VP Robert W. Malone sold 2,257 shares of Parker-Hannifin stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $730.66, for a total value of $1,649,099.62. Following the sale, the vice president owned 5,866 shares of the company's stock, valued at approximately $4,286,051.56. This trade represents a 27.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Angela R. Ives sold 810 shares of Parker-Hannifin stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $727.36, for a total value of $589,161.60. Following the completion of the sale, the vice president directly owned 2,798 shares in the company, valued at approximately $2,035,153.28. This represents a 22.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,039 shares of company stock worth $10,356,566 in the last 90 days. Company insiders own 0.39% of the company's stock.

Parker-Hannifin Stock Up 0.2%

Shares of NYSE:PH traded up $1.67 during trading on Friday, hitting $758.63. 520,224 shares of the company's stock traded hands, compared to its average volume of 744,362. The company has a 50-day moving average price of $729.89 and a 200-day moving average price of $664.94. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $773.30. The company has a market cap of $96.94 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 3.10 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 (NYSE:PH - Get Free Report) last announced its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the firm earned $6.77 EPS. Parker-Hannifin's revenue for the quarter was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, research analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio (DPR) is currently 26.55%.

About Parker-Hannifin

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.