Parker-Hannifin Corporation $PH Shares Sold by Wealth High Governance Capital Ltda

Wealth High Governance Capital Ltda reduced its position in Parker-Hannifin Corporation (NYSE:PH) by 21.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,560 shares of the industrial products company’s stock after selling 4,508 shares during the quarter. Parker-Hannifin makes up about 4.8% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its 3rd largest holding. Wealth High Governance Capital Ltda’s holdings in Parker-Hannifin were worth $16,198,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PH. Texas Capital Bancshares Inc TX bought a new stake in shares of Parker-Hannifin in the 3rd quarter valued at approximately $25,000. HFM Investment Advisors LLC raised its position in Parker-Hannifin by 1,000.0% during the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. Lloyd Advisory Services LLC. bought a new position in Parker-Hannifin during the fourth quarter valued at approximately $31,000. NFSG Corp lifted its stake in 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 last quarter. Finally, First Command Advisory Services Inc. grew its position in Parker-Hannifin by 1,133.3% in the fourth quarter. First Command Advisory Services Inc. now owns 37 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 34 shares in the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Price Performance

NYSE PH opened at $1,002.90 on Monday. The stock has a 50-day simple moving average of $984.42 and a 200 day simple moving average of $948.72. Parker-Hannifin Corporation has a twelve month low of $715.37 and a twelve month high of $1,099.94. The stock has a market capitalization of $126.46 billion, a PE ratio of 35.20, a P/E/G ratio of 2.61 and a beta of 1.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.26.

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

Parker-Hannifin Announces Dividend

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

Wall Street Analyst Weigh In

PH has been the topic of several analyst reports. Evercore set a $1,064.00 price target on shares of Parker-Hannifin in a research note on Monday, May 11th. Wells Fargo & Company decreased their price objective on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Stifel Nicolaus set a $1,075.00 target price on shares of Parker-Hannifin in a research report on Friday, August 7th. Sanford C. Bernstein raised their target price on Parker-Hannifin from $1,037.00 to $1,218.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Finally, Wall Street Zen cut Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Saturday. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.