Parker-Hannifin Corporation $PH Shares Sold by Capital International Sarl

Capital International Sarl lessened its stake in Parker-Hannifin Corporation (NYSE:PH) by 69.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,293 shares of the industrial products company’s stock after selling 7,560 shares during the period. Capital International Sarl’s holdings in Parker-Hannifin were worth $2,497,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PH. Capital International Inc. CA raised its stake in shares of Parker-Hannifin by 58.8% in the third quarter. Capital International Inc. CA now owns 27,119 shares of the industrial products company’s stock valued at $20,560,000 after acquiring an additional 10,037 shares in the last quarter. Legal & General Group Plc raised its holdings in Parker-Hannifin by 4.9% during the third quarter. Legal & General Group Plc now owns 753,118 shares of the industrial products company’s stock worth $570,976,000 after purchasing an additional 35,239 shares in the last quarter. Banque Cantonale Vaudoise lifted its position in Parker-Hannifin by 9.0% in the third quarter. Banque Cantonale Vaudoise now owns 4,223 shares of the industrial products company’s stock valued at $3,201,000 after acquiring an additional 349 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Parker-Hannifin in the 3rd quarter valued at about $6,171,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Parker-Hannifin by 3.5% in the third quarter. Russell Investments Group Ltd. now owns 70,672 shares of the industrial products company’s stock valued at $53,572,000 after acquiring an additional 2,379 shares during the period. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Berend Bracht sold 1,457 shares of Parker-Hannifin 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 $2,441,918.40. The trade was a 36.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Andrew D. Ross sold 4,664 shares of the business’s stock in a transaction 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 sale, the chief operating officer directly owned 13,120 shares in the company, valued at $13,106,880. This trade represents a 26.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 12,551 shares of company stock valued at $12,117,502. Corporate insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Up 1.9%

PH stock opened at $949.78 on Wednesday. The company has a market capitalization of $119.88 billion, a P/E ratio of 34.64, a PEG ratio of 3.00 and a beta of 1.23. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $1,034.96. The firm has a 50 day simple moving average of $958.04 and a 200-day simple moving average of $856.23.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, January 29th. The industrial products company reported $7.65 earnings per share for the quarter, beating the consensus estimate of $7.11 by $0.54. The firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $5.07 billion. Parker-Hannifin had a net margin of 17.29% and a return on equity of 27.56%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.53 earnings per share. On average, equities research analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed 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 dividend yield of 0.8%. The ex-dividend date was Friday, February 6th. Parker-Hannifin’s dividend payout ratio (DPR) is currently 26.26%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of Parker-Hannifin in a research note on Thursday, January 29th. KeyCorp restated an “overweight” rating and issued a $1,100.00 price target on shares of Parker-Hannifin in a report on Friday, January 30th. Truist Financial set a $1,139.00 target price on shares of Parker-Hannifin in a report on Friday, January 30th. Jefferies Financial Group boosted their price target on Parker-Hannifin from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, JPMorgan Chase & Co. upped 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 note on Friday, January 30th. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.