Parker-Hannifin (NYSE:PH) VP Dinu Parel Sells 1,316 Shares

Parker-Hannifin Corporation (NYSE:PH) VP Dinu Parel sold 1,316 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $950.05, for a total value of $1,250,265.80. Following the transaction, the vice president owned 6,534 shares in the company, valued at approximately $6,207,626.70. This trade represents a 16.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $968.36 on Thursday. The stock has a market cap of $122.23 billion, a PE ratio of 35.32, a price-to-earnings-growth ratio of 3.29 and a beta of 1.25. The stock 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 current ratio of 1.18 and a quick ratio of 0.66. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $979.44.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, January 29th. The industrial products company reported $7.65 earnings per share for the quarter, topping the consensus estimate of $7.11 by $0.54. The business had revenue of $5.17 billion for 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%. Parker-Hannifin’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $6.53 EPS. As a group, sell-side analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

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

Institutional Trading of Parker-Hannifin

A number of hedge funds and other institutional investors have recently made changes to their positions in PH. Quadrant Capital Group LLC increased its position in shares of Parker-Hannifin by 20.1% in the second quarter. Quadrant Capital Group LLC now owns 3,610 shares of the industrial products company’s stock worth $2,521,000 after purchasing an additional 604 shares during the period. Procyon Advisors LLC grew its stake in Parker-Hannifin by 158,565.9% during the third quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company’s stock worth $3,843,346,000 after buying an additional 5,066,179 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in Parker-Hannifin in the 2nd quarter valued at about $733,000. Wilkinson Global Asset Management LLC raised its position in shares of Parker-Hannifin by 28.2% in the 3rd quarter. Wilkinson Global Asset Management LLC now owns 48,434 shares of the industrial products company’s stock valued at $36,720,000 after buying an additional 10,653 shares in the last quarter. Finally, Pacific Heights Asset Management LLC raised its position in shares of Parker-Hannifin by 3.2% in the 3rd quarter. Pacific Heights Asset Management LLC now owns 65,000 shares of the industrial products company’s stock valued at $49,280,000 after buying an additional 2,000 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin News Roundup

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

Wall Street Analyst Weigh In

PH has been the subject of a number of research analyst reports. Industrial Alliance Securities set a $1,032.00 target price on Parker-Hannifin in a research note on Thursday, January 29th. Argus reiterated a “buy” rating and set a $900.00 price objective on shares of Parker-Hannifin in a report on Monday, November 10th. Wall Street Zen upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Wednesday. BNP Paribas Exane started coverage on shares of Parker-Hannifin in a report on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 target price on the stock. Finally, Barclays lifted their price target 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. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $990.47.

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.