Parker-Hannifin Corporation $PH Shares Sold by C WorldWide Group Holding A S

Key Points

• C WorldWide Group Holding A S cut its Parker-Hannifin position by 20.4% in the second quarter, selling 58,096 shares and retaining 226,105 shares worth approximately $221.2 million. Institutional investors and hedge funds collectively own 82.44% of the stock.
• Analyst sentiment remains positive, with 17 Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $1,114.55.
• Parker-Hannifin exceeded quarterly expectations with $9.27 in adjusted EPS and $5.75 billion in revenue, while revenue rose 9.8% year over year. The company also announced a quarterly dividend of $2 per share, equivalent to an annualized yield of about 0.8%.

C WorldWide Group Holding A S decreased its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 20.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 226,105 shares of the industrial products company's stock after selling 58,096 shares during the period. Parker-Hannifin comprises approximately 5.5% of C WorldWide Group Holding A S's holdings, making the stock its 8th biggest holding. C WorldWide Group Holding A S owned about 0.18% of Parker-Hannifin worth $221,158,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Archer Investment Corp bought a new position in shares of Parker-Hannifin in the 2nd quarter worth about $28,000. HFM Investment Advisors LLC raised its holdings in Parker-Hannifin by 1,000.0% during the 4th quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company's stock worth $29,000 after buying an additional 30 shares during the period. Texas Capital Bancshares Inc TX purchased a new stake in shares of Parker-Hannifin in the 3rd quarter valued at approximately $25,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Parker-Hannifin in the fourth quarter worth $31,000. Finally, NFSG Corp boosted its position in Parker-Hannifin by 94.4% during the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company's stock worth $31,000 after acquiring an additional 17 shares during the period. 82.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on PH. Weiss Ratings restated a "buy (b)" rating on shares of Parker-Hannifin in a research note on Friday, July 17th. Wells Fargo & Company dropped their target price on shares of Parker-Hannifin from $980.00 to $950.00 and set an "overweight" rating for the company in a research note on Tuesday, May 26th. KeyCorp lifted their price target on shares of Parker-Hannifin from $1,100.00 to $1,210.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Susquehanna lifted their price objective on Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a "positive" rating in a research note on Friday, August 7th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,214.00 target price on shares of Parker-Hannifin in a research note on Friday, August 7th. Seventeen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,114.55.

Parker-Hannifin Stock Performance

Shares of NYSE PH opened at $956.22 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.26. The stock has a market capitalization of $120.53 billion, a PE ratio of 33.56, a price-to-earnings-growth ratio of 2.62 and a beta of 1.13. Parker-Hannifin Corporation has a 52 week low of $715.37 and a 52 week high of $1,099.94. The stock has a 50 day moving average price of $990.75 and a 200 day moving average price of $948.51.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, topping analysts' consensus estimates of $8.31 by $0.96. The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.57 billion. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The company's revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Analysts predict that Parker-Hannifin Corporation will post 35 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 31st will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, August 31st. Parker-Hannifin's dividend payout ratio is currently 28.08%.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Berend Bracht sold 602 shares of Parker-Hannifin stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total value of $626,362.94. Following the transaction, the vice president owned 4,399 shares in the company, valued at $4,577,027.53. The trade was a 12.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.32% of the stock is owned by company insiders.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation NYSE: PH is a diversified manufacturer of motion and control technologies. The company develops and produces systems and components that manage the movement and flow of liquids, gases and other materials for industrial, mobile and aerospace applications.

Its products include hydraulic and pneumatic systems, fluid connectors, filtration and process-control equipment, electromechanical technologies, seals, thermal-management solutions and aerospace systems. Parker-Hannifin serves manufacturers and operators in markets such as factory automation, transportation, energy, construction, life sciences and aviation.

Founded in 1917, Parker-Hannifin is headquartered in Cleveland, Ohio, and serves customers through manufacturing, distribution and sales operations across North America, Europe, Asia and other international markets.

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