Parker-Hannifin Corporation $PH Stake Trimmed by Deprince Race & Zollo Inc.

Key Points

• Deprince Race & Zollo trimmed its stake in Parker‑Hannifin by 4.0% in Q4, selling 2,081 shares and ending the quarter with 50,295 shares worth about $44.21 million; hedge funds and institutions own roughly 82.44% of the company.
• Parker‑Hannifin topped Q4 EPS estimates ($7.65 vs. $7.11) with revenue up 9.1% year‑over‑year, and declared a $1.80 quarterly dividend ($7.20 annual, ~0.7% yield).
• Analysts are broadly positive — consensus rating is a Moderate Buy with an average target near $998.35 — while insiders sold about 10,063 shares last quarter, leaving insider ownership at ~0.32%.

Deprince Race & Zollo Inc. lowered its stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,295 shares of the industrial products company's stock after selling 2,081 shares during the quarter. Deprince Race & Zollo Inc.'s holdings in Parker-Hannifin were worth $44,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Procyon Advisors LLC increased its stake in Parker-Hannifin by 158,565.9% in the 3rd quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company's stock worth $3,843,346,000 after purchasing an additional 5,066,179 shares in the last quarter. Bank of America Corp DE grew its stake in Parker-Hannifin by 0.6% during the 3rd quarter. Bank of America Corp DE now owns 3,904,591 shares of the industrial products company's stock valued at $2,960,266,000 after acquiring an additional 22,706 shares in the last quarter. Capital World Investors grew its stake in Parker-Hannifin by 7.0% during the 3rd quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company's stock valued at $1,959,166,000 after acquiring an additional 169,073 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Parker-Hannifin by 0.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,207,996 shares of the industrial products company's stock valued at $1,674,132,000 after acquiring an additional 13,309 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Parker-Hannifin by 0.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 817,094 shares of the industrial products company's stock valued at $619,480,000 after acquiring an additional 4,454 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Parker-Hannifin Stock Down 0.0%

PH opened at $983.95 on Monday. The business has a 50 day moving average price of $953.02 and a 200 day moving average price of $881.48. Parker-Hannifin Corporation has a twelve month low of $538.08 and a twelve month high of $1,034.96. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 1.18. The firm has a market cap of $124.19 billion, a P/E ratio of 35.88, a price-to-earnings-growth ratio of 3.17 and a beta of 1.25.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results 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 return on equity of 27.56% and a net margin of 17.29%.The company's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $6.53 EPS. Research analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 6th were given a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, February 6th. Parker-Hannifin's payout ratio is currently 26.26%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PH shares. Barclays lifted their target price on Parker-Hannifin from $990.00 to $1,020.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. Stifel Nicolaus boosted their target price on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a "hold" rating in a report on Friday. Weiss Ratings restated a "buy (b)" rating on shares of Parker-Hannifin in a report on Thursday, January 22nd. iA Financial set a $1,032.00 target price on Parker-Hannifin in a report on Thursday, January 29th. Finally, BMO Capital Markets assumed coverage on Parker-Hannifin in a report on Friday, March 27th. They issued an "outperform" rating and a $1,090.00 target price for the company. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $998.35.

Insider Buying and Selling

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

Parker-Hannifin Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.