Eisler Capital Management Ltd. Trims Position in Parker-Hannifin Corporation $PH

Key Points

• Eisler Capital Management Ltd. reduced its stake in Parker-Hannifin Corporation by 68.2%, now holding 7,203 shares valued at $4.38 million after selling 15,422 shares in the first quarter.
• Multiple hedge funds have increased their positions significantly in Parker-Hannifin, with GAMMA Investing LLC expanding its stake by over 66,000% to hold shares worth approximately $1.05 billion.
• The company recently reported earnings of $7.69 per share, exceeding analysts' estimates, alongside a quarterly dividend announcement of $1.80 per share, reflecting a yield of 0.9%.

Eisler Capital Management Ltd. lessened its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 68.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,203 shares of the industrial products company's stock after selling 15,422 shares during the quarter. Eisler Capital Management Ltd.'s holdings in Parker-Hannifin were worth $4,380,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PH. GAMMA Investing LLC grew its holdings in Parker-Hannifin by 66,111.8% during the 1st quarter. GAMMA Investing LLC now owns 1,735,412 shares of the industrial products company's stock valued at $1,054,870,000 after buying an additional 1,732,791 shares in the last quarter. Nuveen LLC purchased a new position in shares of Parker-Hannifin during the 1st quarter valued at $933,089,000. Royal Bank of Canada grew its position in shares of Parker-Hannifin by 99.8% during the 4th quarter. Royal Bank of Canada now owns 2,277,001 shares of the industrial products company's stock valued at $1,448,241,000 after purchasing an additional 1,137,564 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Parker-Hannifin by 52.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company's stock valued at $1,485,042,000 after purchasing an additional 842,262 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp raised its holdings in shares of Parker-Hannifin by 6,912.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 312,472 shares of the industrial products company's stock valued at $198,742,000 after acquiring an additional 308,016 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Morgan Stanley raised their price target on Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Citigroup reaffirmed a "buy" rating and issued a $831.00 price target (up previously from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Evercore ISI reaffirmed an "outperform" rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Argus set a $680.00 price target on Parker-Hannifin in a report on Tuesday, May 6th. Finally, Susquehanna initiated coverage on Parker-Hannifin in a report on Friday, August 15th. They issued a "positive" rating and a $860.00 price target on the stock. Fourteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $768.71.

Insider Activity at Parker-Hannifin

In related news, VP Matthew A. Jacobson sold 575 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $733.06, for a total transaction of $421,509.50. Following the completion of the sale, the vice president directly owned 1,000 shares in the company, valued at $733,060. This represents a 36.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction dated 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 sale, the executive vice president 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 disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock worth $10,356,566 over the last three months. Corporate insiders own 0.39% of the company's stock.

Parker-Hannifin Price Performance

PH opened at $768.00 on Thursday. The stock has a 50-day moving average price of $719.30 and a 200-day moving average price of $662.14. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $768.45. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $98.13 billion, a P/E ratio of 28.32, a PEG ratio of 3.16 and a beta of 1.37.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating analysts' consensus estimates of $7.08 by $0.61. The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.Parker-Hannifin's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Equities analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

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

Parker-Hannifin Company Profile

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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