Running Oak Capital LLC Reduces Stake in Parker-Hannifin Corporation $PH

Key Points

• Running Oak Capital LLC cut its stake in Parker‑Hannifin by 13.1% in Q4 to 20,577 shares (≈$18.09 million), making the position about 2.3% of the fund and its second‑largest holding.
• Parker‑Hannifin beat quarterly expectations with EPS of $7.65 (+$0.54 vs. consensus) and revenue up 9.1% y/y, and several analysts have raised targets, leaving a consensus rating of Moderate Buy with a $998.35 price target.
• Insiders sold 10,063 shares worth roughly $9.89 million in the last quarter while institutional investors own about 82.44% of the company and insiders now hold just 0.32%.

Running Oak Capital LLC cut its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 13.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,577 shares of the industrial products company's stock after selling 3,103 shares during the period. Parker-Hannifin comprises approximately 2.3% of Running Oak Capital LLC's investment portfolio, making the stock its 2nd largest holding. Running Oak Capital LLC's holdings in Parker-Hannifin were worth $18,086,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Procyon Advisors LLC raised its stake in shares of Parker-Hannifin by 158,565.9% during 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 during the period. Bank of America Corp DE raised its stake in shares of 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 worth $2,960,266,000 after purchasing an additional 22,706 shares during the period. Capital World Investors raised its stake in shares of 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 worth $1,959,166,000 after purchasing an additional 169,073 shares during the period. Ameriprise Financial Inc. raised its stake in shares of 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 worth $1,674,132,000 after purchasing an additional 13,309 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of 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 worth $619,480,000 after purchasing an additional 4,454 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Trading Down 0.0%

Shares of PH opened at $983.95 on Monday. The business has a 50-day moving average of $953.02 and a 200 day moving average of $881.48. Parker-Hannifin Corporation has a fifty-two week low of $538.08 and a fifty-two week high of $1,034.96. 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. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 1.18.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The industrial products company reported $7.65 earnings per share 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%.During the same period last year, the company posted $6.53 earnings per share. The company's revenue was up 9.1% on a year-over-year basis. As a group, research analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 6th were issued a $1.80 dividend. The ex-dividend date of this dividend was Friday, February 6th. This represents a $7.20 annualized dividend and a yield of 0.7%. Parker-Hannifin's dividend payout ratio (DPR) is 26.26%.

Analysts Set New Price Targets

A number of research firms have recently commented on PH. Jefferies Financial Group lifted their target price on Parker-Hannifin from $1,050.00 to $1,100.00 and gave the stock a "buy" rating in a research note on Friday, January 30th. Truist Financial set a $1,139.00 target price on Parker-Hannifin in a research note on Friday, January 30th. The Goldman Sachs Group reiterated a "buy" rating on shares of Parker-Hannifin in a research note on Thursday, January 29th. iA Financial set a $1,032.00 target price on Parker-Hannifin in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. lifted their target price on Parker-Hannifin from $1,083.00 to $1,100.00 and gave the stock an "overweight" rating in a research note 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 company currently has a consensus rating of "Moderate Buy" and a consensus price target of $998.35.

Insider Buying and Selling

In related news, VP Matthew A. Jacobson sold 564 shares of Parker-Hannifin stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $949.94, for a total value of $535,766.16. Following the completion of the sale, the vice president owned 1,000 shares of the company's stock, valued at approximately $949,940. This trade represents a 36.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Berend Bracht sold 1,457 shares of Parker-Hannifin stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $946.48, for a total value of $1,379,021.36. Following the completion of the sale, the vice president directly owned 2,580 shares of the company's stock, valued at approximately $2,441,918.40. This trade represents a 36.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,063 shares of company stock worth $9,891,214 in the last quarter. 0.32% of the stock is currently owned by company insiders.

Parker-Hannifin Company 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.

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