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

Key Points

• Yousif Capital Management trimmed its stake in Parker‑Hannifin by 8.1% in Q4, selling 1,224 shares and leaving it with 13,840 shares valued at about $12.86 million.
• Parker‑Hannifin posted a quarter that beat estimates (EPS $7.65 vs. $7.11 consensus) with revenue up 9.1% year‑over‑year and strong profitability metrics (ROE 27.56%, net margin 17.29%).
• Insider selling has been notable (10,063 shares sold worth ~$9.89M in the last 90 days) while analysts maintain a consensus "Moderate Buy" rating with an average target of $996.60 and several firms raising targets toward $1,100.

Yousif Capital Management LLC cut its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,840 shares of the industrial products company's stock after selling 1,224 shares during the quarter. Yousif Capital Management LLC's holdings in Parker-Hannifin were worth $12,864,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JFS Wealth Advisors LLC grew its position in shares of Parker-Hannifin by 6.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company's stock worth $152,000 after buying an additional 11 shares during the period. 180 Wealth Advisors LLC grew its stake in shares of Parker-Hannifin by 1.9% in the 4th quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company's stock worth $573,000 after buying an additional 12 shares during the last quarter. Berkshire Asset Management LLC PA grew its stake in shares of Parker-Hannifin by 1.1% in the 3rd quarter. Berkshire Asset Management LLC PA now owns 1,208 shares of the industrial products company's stock worth $916,000 after buying an additional 13 shares during the last quarter. Bridgewater Advisors Inc. grew its stake in shares of Parker-Hannifin by 2.3% in the 3rd quarter. Bridgewater Advisors Inc. now owns 567 shares of the industrial products company's stock worth $473,000 after buying an additional 13 shares during the last quarter. Finally, High Net Worth Advisory Group LLC grew its stake in shares of Parker-Hannifin by 0.3% in the 3rd quarter. High Net Worth Advisory Group LLC now owns 4,694 shares of the industrial products company's stock worth $3,559,000 after buying an additional 14 shares during the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Performance

Shares of NYSE PH opened at $910.89 on Wednesday. The company has a market cap of $114.97 billion, a PE ratio of 33.22, a PEG ratio of 2.92 and a beta of 1.25. Parker-Hannifin Corporation has a 52-week low of $511.33 and a 52-week high of $1,034.96. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.52. The firm's 50-day moving average price is $950.36 and its 200-day moving average price is $876.81.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The industrial products company reported $7.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.11 by $0.54. Parker-Hannifin had a return on equity of 27.56% and a net margin of 17.29%.The company's revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $6.53 EPS. As a group, analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 0.8%. Parker-Hannifin's dividend payout ratio (DPR) is presently 26.26%.

Analysts Set New Price Targets

Several research firms recently weighed in on PH. Stifel Nicolaus upped their price target on Parker-Hannifin from $941.00 to $965.00 and gave the stock a "hold" rating in a research note on Friday, January 30th. Morgan Stanley increased their price objective on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. increased their price objective on shares of Parker-Hannifin from $1,083.00 to $1,100.00 and gave the company an "overweight" rating in a research report on Friday, January 30th. Jefferies Financial Group increased their price objective on shares of Parker-Hannifin from $1,050.00 to $1,100.00 and gave the company a "buy" rating in a research report on Friday, January 30th. Finally, Truist Financial set a $1,139.00 price objective on shares of Parker-Hannifin in a research report on Friday, January 30th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Parker-Hannifin presently has an average rating of "Moderate Buy" and a consensus target price of $996.60.

Insider Buying and Selling

In related news, VP Berend Bracht sold 1,457 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $946.48, for a total value of $1,379,021.36. Following the transaction, the vice president 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Todd M. Leombruno sold 2,062 shares of Parker-Hannifin stock in a transaction 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 $20,658,227.40. This trade represents a 9.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,063 shares of company stock valued at $9,891,214 in the last 90 days. 0.32% of the stock is owned by insiders.

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.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.