Parker-Hannifin Corporation $PH Shares Sold by Sapient Capital LLC

Sapient Capital LLC decreased its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 80.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 451 shares of the industrial products company’s stock after selling 1,900 shares during the quarter. Sapient Capital LLC’s holdings in Parker-Hannifin were worth $404,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth High Governance Capital Ltda increased its position in shares of Parker-Hannifin by 54.4% during the 1st quarter. Wealth High Governance Capital Ltda now owns 21,068 shares of the industrial products company’s stock valued at $18,861,000 after purchasing an additional 7,427 shares during the period. Wealth High Governance Asset Management Ltda. raised its stake in shares of Parker-Hannifin by 131.5% in the 1st quarter. Wealth High Governance Asset Management Ltda. now owns 17,864 shares of the industrial products company’s stock worth $15,993,000 after buying an additional 10,146 shares in the last quarter. Carmignac Gestion acquired a new stake in shares of Parker-Hannifin in the first quarter valued at $31,721,000. Rathbones Group PLC lifted its holdings in shares of Parker-Hannifin by 44.0% in the first quarter. Rathbones Group PLC now owns 162,313 shares of the industrial products company’s stock valued at $145,309,000 after buying an additional 49,598 shares during the period. Finally, Evansbrook LLC boosted its stake in Parker-Hannifin by 4.2% during the first quarter. Evansbrook LLC now owns 1,454 shares of the industrial products company’s stock valued at $1,302,000 after buying an additional 59 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Stock Down 0.5%

PH stock opened at $992.05 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The firm has a market capitalization of $125.09 billion, a P/E ratio of 36.59, a P/E/G ratio of 2.66 and a beta of 1.12. Parker-Hannifin Corporation has a 52-week low of $692.02 and a 52-week high of $1,034.96. The company’s 50 day simple moving average is $938.80 and its 200-day simple moving average is $938.95.

Analyst Ratings Changes

PH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Wall Street Zen downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Mizuho set a $1,050.00 price objective on shares of Parker-Hannifin in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research note on Friday, July 17th. Finally, Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. Eighteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,027.38.

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.