Cyrus J. Lawrence LLC Reduces Holdings in Parker-Hannifin Corporation $PH

Key Points

• Cyrus J. Lawrence LLC has significantly reduced its holdings in Parker-Hannifin Corporation by 93.8%, now owning only 912 shares, which constitutes about 2.1% of its investment portfolio.
• In the fourth quarter, several institutional investors have adjusted their stakes in Parker-Hannifin, with Brighton Jones LLC increasing its position by 5.9% and Caisse DE Depot ET Placement DU Quebec acquiring a new stake worth $11,148,000.
• Parker-Hannifin's latest earnings report showed an EPS of $7.69, exceeding analyst expectations and prompting several analysts to raise their price targets for the stock, with a consensus price target of $768.71.

Cyrus J. Lawrence LLC lessened its stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 93.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 912 shares of the industrial products company's stock after selling 13,824 shares during the period. Parker-Hannifin comprises about 2.1% of Cyrus J. Lawrence LLC's investment portfolio, making the stock its 22nd largest position. Cyrus J. Lawrence LLC's holdings in Parker-Hannifin were worth $554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in PH. Brighton Jones LLC increased its stake in shares of Parker-Hannifin by 5.9% in the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company's stock worth $1,150,000 after buying an additional 101 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of Parker-Hannifin by 0.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 7,259 shares of the industrial products company's stock worth $4,617,000 after buying an additional 55 shares during the last quarter. Bison Wealth LLC increased its stake in shares of Parker-Hannifin by 4.5% in the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company's stock worth $476,000 after buying an additional 32 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new position in Parker-Hannifin in the fourth quarter worth $11,148,000. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in Parker-Hannifin by 5.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,156 shares of the industrial products company's stock worth $7,731,000 after purchasing an additional 633 shares during the period. Institutional investors own 82.44% of the company's stock.

Insider Activity

In other news, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $750.84, for a total value of $3,472,635.00. Following the completion of the sale, the executive vice president directly owned 13,878 shares of the company's stock, valued at $10,420,157.52. This represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Angela R. Ives sold 810 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $727.36, for a total transaction of $589,161.60. Following the completion of the transaction, the vice president 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. In the last three months, insiders sold 14,039 shares of company stock worth $10,356,566. Corporate insiders own 0.39% of the company's stock.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $759.76 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The firm's 50-day simple moving average is $723.76 and its 200 day simple moving average is $663.17. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $773.30. The stock has a market cap of $97.08 billion, a P/E ratio of 28.01, a P/E/G ratio of 3.15 and a beta of 1.37.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The firm had revenue of $5.24 billion for the quarter, compared to analysts' expectations of $5.10 billion. During the same period in the previous year, the business earned $6.77 earnings per share. 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. Equities analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be issued a $1.80 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.9%. Parker-Hannifin's dividend payout ratio is presently 26.55%.

Analyst Ratings Changes

PH has been the subject of a number of research reports. KeyCorp lifted their price objective on shares of Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Mizuho set a $785.00 price objective on shares of Parker-Hannifin in a report on Friday, May 16th. Citigroup reaffirmed a "buy" rating and issued a $831.00 price objective (up previously from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Wall Street Zen raised shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Susquehanna initiated coverage on shares of Parker-Hannifin in a report on Friday, August 15th. They set a "positive" rating and a $860.00 price target for the company. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $768.71.

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.

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