Parker-Hannifin Corporation $PH Position Trimmed by Aberdeen Group plc

Key Points

• Aberdeen Group plc trimmed its stake in Parker‑Hannifin by 1.0% in Q4, selling 1,102 shares and now holding 112,099 shares valued at about $98.53 million (0.09% of the company).
• Insider selling has been notable recently: CFO Todd Leombruno sold 2,062 shares (~$2.07M) and VP Matthew Jacobson sold 564 shares, with insiders offloading 10,063 shares (~$9.89M) over the past 90 days and now owning 0.32% of the stock.
• Operational and market snapshot: Parker‑Hannifin beat Q4 EPS estimates ($7.65 vs. $7.11) with revenue up 9.1% YoY, analysts hold a "Moderate Buy" consensus with an average target of $996.60, and the shares trade at a P/E of 33.13 with a 0.8% yield.

Aberdeen Group plc decreased its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 112,099 shares of the industrial products company's stock after selling 1,102 shares during the quarter. Aberdeen Group plc owned 0.09% of Parker-Hannifin worth $98,531,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Texas Capital Bancshares Inc TX acquired a new stake in shares of Parker-Hannifin in the third quarter valued at approximately $25,000. Chilton Capital Management LLC bought a new stake in shares of Parker-Hannifin in the third quarter worth $29,000. Ameriflex Group Inc. boosted its holdings in Parker-Hannifin by 366.7% during the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company's stock worth $32,000 after purchasing an additional 33 shares during the last quarter. Morse Asset Management Inc grew its position in Parker-Hannifin by 164.7% in the third quarter. Morse Asset Management Inc now owns 45 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 28 shares in the last quarter. Finally, Valley Wealth Managers Inc. bought a new position in Parker-Hannifin in the third quarter valued at $36,000. Institutional investors and hedge funds own 82.44% of the company's stock.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, CFO Todd M. Leombruno sold 2,062 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $1,002.34, for a total transaction of $2,066,825.08. Following the transaction, the chief financial officer directly owned 20,610 shares in the company, valued at $20,658,227.40. This trade represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Matthew A. Jacobson sold 564 shares of the business's stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $949.94, for a total transaction of $535,766.16. Following the completion of the sale, the vice president directly owned 1,000 shares of the company's stock, valued at $949,940. This represents a 36.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 10,063 shares of company stock valued at $9,891,214. 0.32% of the stock is currently owned by company insiders.

Parker-Hannifin Trading Up 0.0%

NYSE PH opened at $908.32 on Friday. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $1,034.96. The business has a fifty day simple moving average of $951.11 and a 200 day simple moving average of $872.84. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $114.65 billion, a P/E ratio of 33.13, a PEG ratio of 2.92 and a beta of 1.25.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The industrial products company reported $7.65 EPS for the quarter, topping the consensus estimate of $7.11 by $0.54. Parker-Hannifin had a net margin of 17.29% and a return on equity of 27.56%. The company's revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $6.53 EPS. On average, analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 6th were paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, February 6th. Parker-Hannifin's dividend payout ratio is currently 26.26%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PH shares. Wells Fargo & Company cut their price target on Parker-Hannifin from $1,050.00 to $980.00 and set an "overweight" rating for the company in a report on Wednesday. The Goldman Sachs Group reissued a "buy" rating on shares of Parker-Hannifin in a research report on Thursday, January 29th. iA Financial set a $1,032.00 price objective on Parker-Hannifin in a research note on Thursday, January 29th. KeyCorp reaffirmed an "overweight" rating and issued a $1,100.00 price objective on shares of Parker-Hannifin in a report on Friday, January 30th. Finally, JPMorgan Chase & Co. increased their target price on Parker-Hannifin from $1,083.00 to $1,100.00 and gave the stock an "overweight" rating in a report on Friday, January 30th. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $996.60.

About Parker-Hannifin

Parker-Hannifin Corporation NYSE: PH is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin's product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.

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