UBS Group AG Has $725.41 Million Stock Position in Parker-Hannifin Corporation $PH

Key Points

• UBS reduced its stake in Parker‑Hannifin by 3.2% in Q3, now owning 956,812 shares (about a 0.76% stake) valued at roughly $725.41 million.
• Insiders sold stock last quarter—including CFO and COO sales on Feb. 11—with 10,063 shares sold (~$9.89M) and insiders now owning just 0.32% of the company.
• Parker‑Hannifin beat Q4 estimates (EPS $7.65 vs. $7.11; revenue $5.17B, +9.1% YoY), pays a $1.80 quarterly dividend (annual $7.20, 0.8% yield), and has mostly positive analyst sentiment (16 Buys, 5 Holds; average target ~$995.37).

UBS Group AG decreased its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 956,812 shares of the industrial products company's stock after selling 31,754 shares during the period. UBS Group AG owned approximately 0.76% of Parker-Hannifin worth $725,407,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Chilton Capital Management LLC bought a new stake in shares of Parker-Hannifin during the 3rd quarter worth $29,000. Ameriflex Group Inc. raised its stake in Parker-Hannifin by 366.7% during the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company's stock worth $32,000 after acquiring an additional 33 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in shares of Parker-Hannifin in the third quarter worth about $36,000. State of Wyoming acquired a new stake in shares of Parker-Hannifin in the 2nd quarter valued at approximately $38,000. Finally, Financial Consulate Inc. acquired a new stake in shares of Parker-Hannifin in the 3rd quarter valued at approximately $47,000. Institutional investors and hedge funds own 82.44% of the company's stock.

Insider Activity

In other news, CFO Todd M. Leombruno sold 2,062 shares of the business's stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $1,002.34, for a total value of $2,066,825.08. Following the transaction, the chief financial officer owned 20,610 shares in the company, valued at approximately $20,658,227.40. The trade was a 9.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Andrew D. Ross sold 4,664 shares of the stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $999.00, for a total transaction of $4,659,336.00. Following the sale, the chief operating officer owned 13,120 shares of the company's stock, valued at approximately $13,106,880. This trade represents a 26.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 10,063 shares of company stock worth $9,891,214. 0.32% of the stock is owned by insiders.

Parker-Hannifin Trading Down 0.8%

Shares of Parker-Hannifin stock traded down $7.35 during trading on Friday, hitting $894.83. The company's stock had a trading volume of 148,887 shares, compared to its average volume of 708,401. The stock has a market cap of $112.94 billion, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 3.03 and a beta of 1.23. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $1,034.96. The stock has a 50-day moving average price of $959.70 and a two-hundred day moving average price of $857.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.18 and a quick ratio of 0.66.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its earnings results on Thursday, January 29th. The industrial products company reported $7.65 earnings per share (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 business had revenue of $5.17 billion during the quarter, compared to analyst estimates of $5.07 billion. During the same period last year, the company earned $6.53 EPS. Parker-Hannifin's revenue for the quarter was up 9.1% compared to the same quarter last year. Equities research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 6th were given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, February 6th. Parker-Hannifin's dividend payout ratio is currently 26.26%.

Analysts Set New Price Targets

A number of research firms recently issued reports on PH. Wall Street Zen upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Wednesday, February 4th. Citigroup boosted their target price on shares of Parker-Hannifin from $1,074.00 to $1,092.00 and gave the stock a "buy" rating in a research note on Friday, January 30th. The Goldman Sachs Group reiterated a "buy" rating on shares of Parker-Hannifin in a report on Thursday, January 29th. Weiss Ratings reiterated a "buy (b)" rating on shares of Parker-Hannifin in a research note on Thursday, January 22nd. Finally, Truist Financial set a $1,139.00 price objective on Parker-Hannifin in a report on Friday, January 30th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Parker-Hannifin currently has an average rating of "Moderate Buy" and an average price target of $995.37.

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.

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