Intech Investment Management LLC Cuts Stock Position in Parker-Hannifin Corporation $PH

Key Points

• Intech Investment Management LLC reduced its stake in Parker-Hannifin Corporation by 17.6%, selling 916 shares and retaining a total of 4,301 shares worth approximately $2.6 million.
• Several institutional investors have entered new positions in Parker-Hannifin, with ownership concentration among institutions now at 82.44%.
• Parker-Hannifin's stock has a current average rating of "Moderate Buy" according to analysts, with a consensus price target of $770.94.

Intech Investment Management LLC lessened its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 17.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,301 shares of the industrial products company's stock after selling 916 shares during the period. Intech Investment Management LLC's holdings in Parker-Hannifin were worth $2,614,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PH. Wealth Preservation Advisors LLC purchased a new stake in Parker-Hannifin in the 1st quarter worth $27,000. Saudi Central Bank purchased a new position in shares of Parker-Hannifin during the first quarter valued at about $31,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Parker-Hannifin during the fourth quarter valued at about $32,000. Olde Wealth Management LLC purchased a new position in shares of Parker-Hannifin during the first quarter valued at about $35,000. Finally, Chilton Capital Management LLC grew its position in shares of 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 valued at $39,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PH shares. Barclays raised their price objective on Parker-Hannifin from $750.00 to $776.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Susquehanna started coverage on Parker-Hannifin in a research report on Friday, August 15th. They set a "positive" rating and a $860.00 price objective for the company. KeyCorp raised their price objective on Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Cowen restated a "hold" rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Finally, Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 price objective for the company. in a research report on Thursday, September 4th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Parker-Hannifin presently has an average rating of "Moderate Buy" and a consensus price target of $770.94.

Parker-Hannifin Stock Down 1.2%

Shares of NYSE PH opened at $760.08 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The company has a market cap of $97.12 billion, a P/E ratio of 28.03, a PEG ratio of 3.14 and a beta of 1.35. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $779.77. The firm has a 50-day simple moving average of $736.22 and a two-hundred day simple moving average of $668.50.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced 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 net margin of 17.79% and a return on equity of 26.80%. The business had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter last year, the firm earned $6.77 earnings per share. The firm's quarterly revenue 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. Research analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

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

Insider Activity

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

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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