WINTON GROUP Ltd Makes New Investment in Parker-Hannifin Corporation $PH

Key Points

• WINTON GROUP bought a new stake in Parker‑Hannifin (NYSE:PH) of 8,140 shares (~$6.17M) in Q3, joining large institutional moves (e.g., Procyon Advisors' ~5.07M‑share addition); institutional investors now own about 82.44% of the stock.
• Parker‑Hannifin reported a quarter-beating performance with EPS $7.65 vs. $7.11 expected and revenue of $5.17B (up 9.1% YoY), backed by a 27.56% ROE and a 17.29% net margin.
• Analyst sentiment is largely positive—a "Moderate Buy" consensus with an average price target of $995.37 (16 Buys, 5 Holds)—while the stock trades near $931 with a P/E of 33.97; insiders have trimmed positions recently (12,551 shares sold over three months).

WINTON GROUP Ltd purchased a new stake in Parker-Hannifin Corporation (NYSE:PH - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,140 shares of the industrial products company's stock, valued at approximately $6,171,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in Parker-Hannifin by 0.9% in the second quarter. Vanguard Group Inc. now owns 11,125,240 shares of the industrial products company's stock valued at $7,770,646,000 after acquiring an additional 101,476 shares during the last quarter. Procyon Advisors LLC grew its holdings 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 valued at $3,843,346,000 after purchasing an additional 5,066,179 shares during the last quarter. Invesco Ltd. lifted its stake in Parker-Hannifin by 1.8% in the 2nd quarter. Invesco Ltd. now owns 2,345,922 shares of the industrial products company's stock valued at $1,638,556,000 after purchasing an additional 41,221 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Parker-Hannifin by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,194,687 shares of the industrial products company's stock valued at $1,533,177,000 after purchasing an additional 92,913 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Parker-Hannifin by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 2,075,234 shares of the industrial products company's stock valued at $1,449,496,000 after buying an additional 14,534 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Parker-Hannifin

In related news, VP Matthew A. Jacobson sold 564 shares of the company's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $949.94, for a total transaction of $535,766.16. Following the sale, the vice president owned 1,000 shares in the company, valued at $949,940. This represents a 36.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Andrew D. Ross sold 4,664 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $999.00, for a total value of $4,659,336.00. Following the transaction, the chief operating officer owned 13,120 shares in the company, valued at $13,106,880. The trade was a 26.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,551 shares of company stock valued at $12,117,502 over the last three months. 0.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PH has been the subject of a number of research reports. Stifel Nicolaus increased their price target on Parker-Hannifin from $941.00 to $965.00 and gave the company a "hold" rating in a research note on Friday, January 30th. Susquehanna reiterated a "positive" rating and issued a $1,000.00 target price on shares of Parker-Hannifin in a research report on Wednesday, November 12th. Weiss Ratings reissued a "buy (b)" rating on shares of Parker-Hannifin in a research note on Thursday, January 22nd. Robert W. Baird set a $1,050.00 price objective on Parker-Hannifin in a research note on Friday, January 30th. Finally, Wall Street Zen upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a report on Wednesday, February 4th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $995.37.

Parker-Hannifin Trading Up 0.8%

Shares of PH stock opened at $931.38 on Tuesday. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $1,034.96. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. The stock has a market cap of $117.56 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.97 and a beta of 1.23. The stock has a 50-day moving average of $956.81 and a 200-day moving average of $854.84.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its earnings results on Thursday, January 29th. The industrial products company reported $7.65 EPS for the quarter, beating the consensus estimate of $7.11 by $0.54. The business had revenue of $5.17 billion for the quarter, compared to analysts' expectations of $5.07 billion. Parker-Hannifin had a return on equity of 27.56% and a net margin of 17.29%.The firm's revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $6.53 earnings per share. On average, equities research analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 6th were paid 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 (DPR) is currently 26.26%.

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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