Parker-Hannifin Corporation $PH Shares Sold by Twin Tree Management LP

Key Points

• Twin Tree Management LP has significantly reduced its holdings in Parker-Hannifin Corporation by 96.6%, now owning 2,274 shares valued at approximately $1.38 million.
• Parker-Hannifin recently reported earnings per share of $7.69, surpassing analyst estimates, with a year-over-year revenue increase of 1.1%.
• The company declared a quarterly dividend of $1.80 per share, with a payout ratio of 26.55%, scheduled for payment on September 12th.

Twin Tree Management LP decreased its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 96.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,274 shares of the industrial products company's stock after selling 63,918 shares during the period. Twin Tree Management LP's holdings in Parker-Hannifin were worth $1,382,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Preservation Advisors LLC acquired a new position in Parker-Hannifin during the first quarter worth approximately $27,000. Mpwm Advisory Solutions LLC acquired a new position in Parker-Hannifin during the fourth quarter worth approximately $32,000. Olde Wealth Management LLC acquired a new position in Parker-Hannifin during the first quarter worth approximately $35,000. Chilton Capital Management LLC lifted its stake in shares of Parker-Hannifin by 1,500.0% in the 1st quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 60 shares in the last quarter. Finally, Accent Capital Management LLC acquired a new position in shares of Parker-Hannifin in the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Stock Up 0.2%

Shares of NYSE:PH traded up $1.67 during trading on Friday, hitting $758.63. The company's stock had a trading volume of 520,224 shares, compared to its average volume of 616,179. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $773.30. The stock's 50-day moving average price is $731.05 and its two-hundred day moving average price is $665.39. The company has a market capitalization of $96.94 billion, a PE ratio of 27.97, a PEG ratio of 3.14 and a beta of 1.35.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business had revenue of $5.24 billion for the quarter, compared to analysts' expectations of $5.10 billion. During the same quarter in the previous year, the firm posted $6.77 earnings per share. The company's revenue was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, sell-side analysts expect 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 will be paid on Friday, September 12th. Investors of record on Tuesday, September 2nd will be paid a $1.80 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin's payout ratio is 26.55%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PH shares. Wall Street Zen raised Parker-Hannifin from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Cowen reaffirmed a "hold" rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Deutsche Bank Aktiengesellschaft lowered Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 price objective on the stock. in a research note on Thursday. Raymond James Financial lifted their price objective on Parker-Hannifin from $735.00 to $845.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, Mizuho set a $785.00 price objective on Parker-Hannifin in a research note on Friday, May 16th. Thirteen research 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.com, Parker-Hannifin has an average rating of "Moderate Buy" and a consensus target price of $770.94.

Insiders Place Their Bets

In other Parker-Hannifin news, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the sale, the executive vice president directly owned 13,878 shares of the company's stock, valued at approximately $10,420,157.52. This represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas C. Gentile sold 1,133 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $729.50, for a total transaction of $826,523.50. Following the sale, the vice president owned 5,465 shares in the company, valued at approximately $3,986,717.50. This trade represents a 17.17% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,039 shares of company stock valued at $10,356,566. 0.39% of the stock is owned by company insiders.

Parker-Hannifin 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.