Parker-Hannifin Corporation $PH Shares Sold by USS Investment Management Ltd

Key Points

• USS Investment Management Ltd decreased its stake in Parker-Hannifin Corporation by 28%, owning 22,635 shares valued at approximately $13.76 million at the end of the quarter.
• The company reported earnings of $7.69 per share, exceeding estimates, with a revenue of $5.24 billion for the recent quarter.
• Parker-Hannifin has announced a quarterly dividend of $1.80 per share, payable on September 12th, with a current yield of 0.9%.

USS Investment Management Ltd reduced its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 28.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,635 shares of the industrial products company's stock after selling 8,800 shares during the period. USS Investment Management Ltd's holdings in Parker-Hannifin were worth $13,757,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. First Manhattan CO. LLC. boosted its position in Parker-Hannifin by 1.0% during the fourth quarter. First Manhattan CO. LLC. now owns 1,580 shares of the industrial products company's stock worth $1,005,000 after acquiring an additional 15 shares during the last quarter. Cascade Financial Partners LLC boosted its holdings in shares of Parker-Hannifin by 3.1% during the first quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company's stock worth $303,000 after purchasing an additional 15 shares during the last quarter. Nicolet Advisory Services LLC boosted its holdings in shares of Parker-Hannifin by 3.5% during the first quarter. Nicolet Advisory Services LLC now owns 468 shares of the industrial products company's stock worth $262,000 after purchasing an additional 16 shares during the last quarter. E Fund Management Co. Ltd. boosted its holdings in shares of Parker-Hannifin by 5.0% during the first quarter. E Fund Management Co. Ltd. now owns 336 shares of the industrial products company's stock worth $204,000 after purchasing an additional 16 shares during the last quarter. Finally, Citizens National Bank Trust Department boosted its stake in Parker-Hannifin by 8.5% in the 1st quarter. Citizens National Bank Trust Department now owns 217 shares of the industrial products company's stock worth $132,000 after buying an additional 17 shares during the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Angela R. Ives sold 810 shares of the business's stock in a transaction 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 transaction, the vice president directly 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 document filed with the SEC, which is available at this hyperlink. Also, VP Robert W. Malone sold 2,257 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of the transaction, the vice president owned 5,866 shares in the company, valued at $4,286,051.56. This represents a 27.79% decrease in their position. The disclosure for this sale can be found here. Insiders 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 company insiders.

Parker-Hannifin Trading Up 0.2%

Shares of PH stock opened at $758.63 on Friday. 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 stock has a market cap of $96.94 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 3.14 and a beta of 1.35. The firm's 50 day moving average price is $731.05 and its two-hundred day moving average price is $665.13. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $773.30.

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

Parker-Hannifin Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PH shares. Mizuho set a $785.00 price target on Parker-Hannifin in a research note on Friday, May 16th. KeyCorp raised their target price on shares of Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Wells Fargo & Company raised their target price on shares of Parker-Hannifin from $770.00 to $800.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Stifel Nicolaus lifted their price target on shares of Parker-Hannifin from $717.00 to $726.00 and gave the company a "hold" rating in a report on Friday, August 8th. Finally, Raymond James Financial lifted their price target on shares of Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $770.94.

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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