Parker-Hannifin Corporation $PH Holdings Lowered by Ieq Capital LLC

Key Points

• Ieq Capital LLC reduced its stake in Parker-Hannifin Corporation by 3.9%, now holding 8,808 shares valued at approximately $5.35 million.
• Other institutional investors showed increased interest, with SG Americas Securities LLC boosting their position by 27.2% and Community Financial Services Group LLC increasing theirs by 1,338.2%.
• Parker-Hannifin reported a $7.69 EPS for the latest quarter, exceeding analysts' expectations and with a 1.1% revenue increase year-over-year.

Ieq Capital LLC trimmed its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 3.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,808 shares of the industrial products company's stock after selling 357 shares during the quarter. Ieq Capital LLC's holdings in Parker-Hannifin were worth $5,354,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PH. SG Americas Securities LLC boosted its holdings in shares of Parker-Hannifin by 27.2% in the first quarter. SG Americas Securities LLC now owns 31,011 shares of the industrial products company's stock valued at $18,850,000 after acquiring an additional 6,630 shares during the period. Alley Investment Management Company LLC acquired a new stake in shares of Parker-Hannifin in the first quarter valued at approximately $7,996,000. Community Financial Services Group LLC boosted its holdings in shares of Parker-Hannifin by 1,338.2% in the first quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company's stock valued at $4,030,000 after acquiring an additional 6,169 shares during the period. Heartland Bank & Trust Co acquired a new stake in shares of Parker-Hannifin in the first quarter valued at approximately $260,000. Finally, Banco Santander S.A. boosted its holdings in shares of Parker-Hannifin by 70.2% in the first quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company's stock valued at $21,667,000 after acquiring an additional 14,705 shares during the period. 82.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Parker-Hannifin

In other news, EVP Joseph R. Leonti sold 4,625 shares of the company's stock in a transaction on Monday, August 25th. The stock was 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 owned 13,878 shares in the company, valued at $10,420,157.52. This represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Andrew D. Ross sold 4,361 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $732.66, for a total value of $3,195,130.26. Following the completion of the sale, the chief operating officer owned 13,120 shares of the company's stock, valued at approximately $9,612,499.20. This trade represents a 24.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,039 shares of company stock worth $10,356,566 in the last ninety days. 0.39% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PH shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Parker-Hannifin in a report on Friday, August 8th. Wells Fargo & Company increased their price objective on Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Raymond James Financial increased their price target on Parker-Hannifin from $735.00 to $845.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Morgan Stanley increased their price target on Parker-Hannifin from $700.00 to $725.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Finally, Barclays increased their price target on Parker-Hannifin from $750.00 to $776.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $768.71.

Parker-Hannifin Trading Down 1.2%

Shares of NYSE PH traded down $9.49 during midday trading on Tuesday, hitting $749.86. The stock had a trading volume of 520,232 shares, compared to its average volume of 749,747. The company has a market capitalization of $95.82 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 3.15 and a beta of 1.35. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $773.30. 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 company has a fifty day moving average price of $725.67 and a 200 day moving average price of $663.37.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the business 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. On average, 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 declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Tuesday, September 2nd. Parker-Hannifin's payout ratio is 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.