Quantitative Investment Management LLC Sells 774 Shares of Parker-Hannifin Corporation $PH

Key Points

• Quantitative Investment Management LLC reduced its stake in Parker-Hannifin Corporation by 33.1%, selling 774 shares and owning a total of 1,566 shares worth $951,000 as reported in their latest SEC filing.
• Parker-Hannifin recently experienced a 2.6% increase in stock price, with a current market price of approximately $752.38 and a strong year-to-date performance after beating earnings expectations.
• The company also announced a quarterly dividend of $1.80 per share, representing a total annualized dividend of $7.20 and a yield of 1.0%, to be paid on September 12th.

Quantitative Investment Management LLC trimmed its stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 33.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,566 shares of the industrial products company's stock after selling 774 shares during the period. Quantitative Investment Management LLC's holdings in Parker-Hannifin were worth $951,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. First Manhattan CO. LLC. grew its holdings in shares of 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 purchasing an additional 15 shares during the last quarter. Cascade Financial Partners LLC lifted its stake in Parker-Hannifin by 3.1% in the first quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company's stock valued at $303,000 after buying an additional 15 shares during the period. Becker Capital Management Inc. grew its stake in Parker-Hannifin by 3.4% in the fourth quarter. Becker Capital Management Inc. now owns 482 shares of the industrial products company's stock valued at $307,000 after purchasing an additional 16 shares in the last quarter. Nicolet Advisory Services LLC lifted its holdings in Parker-Hannifin by 3.5% during the 1st 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. Finally, E Fund Management Co. Ltd. raised its holdings in Parker-Hannifin by 5.0% in the 1st quarter. E Fund Management Co. Ltd. now owns 336 shares of the industrial products company's stock valued at $204,000 after acquiring an additional 16 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on PH. Susquehanna assumed coverage on Parker-Hannifin in a report on Friday, August 15th. They set a "positive" rating and a $860.00 price target for the company. Wells Fargo & Company increased their price objective on Parker-Hannifin from $770.00 to $800.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. KeyCorp increased their price objective on Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Parker-Hannifin in a report on Friday, August 8th. Finally, Citigroup reaffirmed a "buy" rating and issued a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Fourteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $768.71.

Parker-Hannifin Stock Up 2.6%

NYSE PH opened at $752.3780 on Monday. The business's 50-day moving average is $713.04 and its 200 day moving average is $660.24. 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 stock has a market capitalization of $96.14 billion, a PE ratio of 27.74, a PEG ratio of 3.12 and a beta of 1.37. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $763.99.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business's revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. Sell-side analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 2nd. Parker-Hannifin's dividend payout ratio (DPR) is presently 26.55%.

Insider Activity

In related news, VP Thomas C. Gentile sold 1,133 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $729.50, for a total value of $826,523.50. Following the completion of the transaction, the vice president directly owned 5,465 shares in the company, valued at $3,986,717.50. The trade was a 17.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Matthew A. Jacobson sold 575 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $733.06, for a total transaction of $421,509.50. Following the completion of the transaction, the vice president owned 1,000 shares of the company's stock, valued at approximately $733,060. The trade was a 36.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,414 shares of company stock valued at $6,883,931. 0.39% of the stock is currently owned by insiders.

Parker-Hannifin Company Profile

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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