Yousif Capital Management LLC Decreases Stock Holdings in Parker-Hannifin Corporation $PH

Key Points

• Yousif Capital Management LLC reduced its ownership in Parker-Hannifin Corporation by 2.5%, selling 409 shares for a total holding of 15,966 shares valued at approximately $11.15 million.
• Several other institutional investors have increased their stakes in Parker-Hannifin, with Community Financial Services Group boosting its holdings by an impressive 1,338.2% in the first quarter.
• Parker-Hannifin announced a quarterly dividend of $1.80 per share, contributing to an annualized yield of 1.0%, which reflects a dividend payout ratio of 26.55%.

Yousif Capital Management LLC lowered its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,966 shares of the industrial products company's stock after selling 409 shares during the period. Yousif Capital Management LLC's holdings in Parker-Hannifin were worth $11,152,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Alley Investment Management Company LLC purchased a new stake in Parker-Hannifin during the first quarter worth about $7,996,000. Community Financial Services Group LLC boosted its holdings in Parker-Hannifin by 1,338.2% during the first quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company's stock worth $4,030,000 after buying an additional 6,169 shares in the last quarter. Inspire Investing LLC boosted its holdings in Parker-Hannifin by 5.1% during the first quarter. Inspire Investing LLC now owns 12,386 shares of the industrial products company's stock worth $7,529,000 after buying an additional 596 shares in the last quarter. Heartland Bank & Trust Co acquired a new position in Parker-Hannifin during the first quarter worth about $260,000. Finally, Geneos Wealth Management Inc. raised its position in Parker-Hannifin by 20.9% during the first quarter. Geneos Wealth Management Inc. now owns 2,194 shares of the industrial products company's stock worth $1,334,000 after acquiring an additional 379 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Insider Activity

In related news, EVP Joseph R. Leonti sold 4,625 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president 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 SEC, which is accessible through this hyperlink. Also, VP Angela R. Ives sold 810 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $727.36, for a total transaction of $589,161.60. Following the transaction, the vice president directly owned 2,798 shares of the company's stock, valued at $2,035,153.28. This trade represents a 22.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,039 shares of company stock valued at $10,356,566 in the last ninety days. 0.32% of the stock is owned by company insiders.

Parker-Hannifin Stock Performance

NYSE:PH opened at $728.67 on Tuesday. The firm has a 50 day simple moving average of $749.16 and a 200-day simple moving average of $686.79. 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 firm has a market cap of $92.21 billion, a PE ratio of 26.87, a P/E/G ratio of 2.97 and a beta of 1.35. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $779.77.

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 analysts' consensus estimates of $7.08 by $0.61. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company's revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.77 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, equities analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, September 2nd were given a dividend of $1.80 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $7.20 annualized dividend and a yield of 1.0%. Parker-Hannifin's dividend payout ratio is 26.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PH shares. Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a "buy" rating to a "hold" rating and set a $809.00 target price for the company. in a research report on Thursday, September 4th. KeyCorp lifted their target price on shares of Parker-Hannifin from $790.00 to $810.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Wall Street Zen upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. Citigroup lifted their target price on shares of Parker-Hannifin from $831.00 to $874.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Cowen restated a "hold" rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $786.78.

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.

Want to see what other hedge funds are holding PH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Parker-Hannifin Corporation (NYSE:PH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.