iSAM Funds UK Ltd Sells 2,222 Shares of Parker-Hannifin Corporation $PH

iSAM Funds UK Ltd trimmed its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 62.0% during the second quarter, HoldingsChannel.com reports. The firm owned 1,360 shares of the industrial products company’s stock after selling 2,222 shares during the quarter. Parker-Hannifin makes up 0.9% of iSAM Funds UK Ltd’s portfolio, making the stock its 22nd largest position. iSAM Funds UK Ltd’s holdings in Parker-Hannifin were worth $1,330,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Texas Capital Bancshares Inc TX purchased a new position in Parker-Hannifin during the 3rd quarter valued at about $25,000. Archer Investment Corp bought a new stake in shares of Parker-Hannifin during the second quarter valued at about $28,000. HFM Investment Advisors LLC lifted its holdings in shares of Parker-Hannifin by 1,000.0% in the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new stake in shares of Parker-Hannifin in the fourth quarter worth about $31,000. Finally, NFSG Corp boosted its position in shares of Parker-Hannifin by 94.4% in the first quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 17 shares during the period. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Insider Transactions at Parker-Hannifin

In related news, VP Berend Bracht sold 602 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total value of $626,362.94. Following the completion of the transaction, the vice president directly owned 4,399 shares in the company, valued at approximately $4,577,027.53. The trade was a 12.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Down 0.2%

PH stock opened at $950.44 on Thursday. The company’s 50 day moving average is $991.86 and its 200 day moving average is $949.67. The stock has a market cap of $119.80 billion, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 2.60 and a beta of 1.13. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. Parker-Hannifin Corporation has a 1-year low of $715.37 and a 1-year high of $1,099.94.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.31 by $0.96. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same period in the previous year, the business posted $7.69 earnings per share. Parker-Hannifin’s revenue for the quarter was up 9.8% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Sell-side analysts predict that Parker-Hannifin Corporation will post 34.93 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 31st will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, August 31st. Parker-Hannifin’s payout ratio is currently 28.08%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PH. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research note on Friday, July 17th. JPMorgan Chase & Co. cut their price target on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. UBS Group boosted their price target on shares of Parker-Hannifin from $1,092.00 to $1,250.00 and gave the company a “buy” rating in a research report on Friday, August 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $1,214.00 price target on shares of Parker-Hannifin in a report on Friday, August 7th. Finally, Sanford C. Bernstein increased their price objective on Parker-Hannifin from $1,037.00 to $1,218.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Seventeen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,100.00.

About Parker-Hannifin

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.