Parker-Hannifin Corporation $PH Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lowered its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 76.4% in the third quarter, Holdings Channel reports. The firm owned 351 shares of the industrial products company’s stock after selling 1,137 shares during the period. Foundations Investment Advisors LLC’s holdings in Parker-Hannifin were worth $266,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Chilton Capital Management LLC purchased a new position in shares of Parker-Hannifin in the 3rd quarter valued at $29,000. Interchange Capital Partners LLC acquired a new stake in Parker-Hannifin in the 2nd quarter valued at $31,000. State of Wyoming purchased a new position in Parker-Hannifin in the second quarter valued at about $38,000. Princeton Global Asset Management LLC lifted its stake in shares of Parker-Hannifin by 56.1% during the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 23 shares in the last quarter. Finally, Sagard Holdings Management Inc. acquired a new position in shares of Parker-Hannifin during the second quarter worth about $46,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analysts Set New Price Targets

PH has been the topic of several analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Parker-Hannifin in a report on Thursday, January 29th. Barclays lifted their price objective on shares of Parker-Hannifin from $990.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. BNP Paribas Exane began coverage on shares of Parker-Hannifin in a research note on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 target price for the company. KeyCorp reaffirmed an “overweight” rating and set a $1,100.00 price target on shares of Parker-Hannifin in a research note on Friday, January 30th. Finally, Morgan Stanley reissued a “positive” rating on shares of Parker-Hannifin in a research report on Wednesday, January 14th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $990.47.

Insider Activity

In other Parker-Hannifin news, VP Matthew A. Jacobson sold 564 shares of Parker-Hannifin stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $949.94, for a total value of $535,766.16. Following the completion of the transaction, the vice president owned 1,000 shares of the company’s stock, valued at $949,940. The trade was a 36.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Rachid Bendali sold 1,437 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the sale, the vice president directly owned 2,714 shares in the company, valued at $2,315,014.86. This trade represents a 34.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 10,769 shares of company stock valued at $9,649,169 over the last three months. 0.32% of the stock is currently owned by company insiders.

Parker-Hannifin Price Performance

PH opened at $968.36 on Thursday. The company has a market capitalization of $122.23 billion, a P/E ratio of 35.32, a PEG ratio of 3.29 and a beta of 1.25. The company has a 50-day moving average of $903.97 and a 200-day moving average of $812.05. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 1.18. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $979.44.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, January 29th. The industrial products company reported $7.65 EPS for the quarter, topping analysts’ consensus estimates of $7.11 by $0.54. The business had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $5.07 billion. 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% compared to the same quarter last year. During the same period last year, the firm earned $6.53 earnings per share. Equities analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 6th will be given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, February 6th. Parker-Hannifin’s dividend payout ratio is currently 26.26%.

More Parker-Hannifin News

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Wall Street Zen upgraded PH, which can attract buyers and support sentiment for the stock. Parker‑Hannifin (NYSE:PH) Stock Rating Upgraded by Wall Street Zen
• Neutral Sentiment: Zacks published a momentum‑style writeup arguing PH is a strong momentum stock, which may draw momentum traders but does not change fundamentals. Parker‑Hannifin (PH) is a Great Momentum Stock: Should You Buy?
• Negative Sentiment: VP Matthew A. Jacobson sold 564 shares at about $949.94 (reducing his stake to 1,000 shares). Insider selling can be perceived as profit‑taking or diversification and may worry some investors. SEC Filing – Form 4
• Negative Sentiment: VP Dinu J. Parel sold 1,316 shares at ~ $950.05 (reducing his position by ~16.8%). The size and timing of multiple exec sales may amplify investor concern about insider conviction. SEC Filing – Form 4
• Negative Sentiment: VP Berend Bracht sold 1,457 shares at about $946.48, a ~36% reduction in his holding. Multiple senior leaders selling in close succession has prompted press coverage highlighting “quiet” cash‑outs. SEC Filing – Form 4
• Negative Sentiment: TipRanks ran a roundup noting senior Parker‑Hannifin leaders “quietly” cashed out millions, which could amplify negative investor perception even if the sales are routine or pre‑planned. Senior Parker Hannifin Leaders Quietly Cash Out Millions

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.