Parker-Hannifin (NYSE:PH) VP Matthew Jacobson Sells 564 Shares of Stock

Parker-Hannifin Corporation (NYSE:PH) VP Matthew Jacobson sold 564 shares of Parker-Hannifin stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $949.94, for a total value of $535,766.16. Following the sale, the vice president directly owned 1,000 shares in the company, valued at $949,940. This trade represents a 36.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Parker-Hannifin Trading Up 0.4%

Shares of PH opened at $968.36 on Thursday. The firm has a market cap of $122.23 billion, a P/E ratio of 35.32, a price-to-earnings-growth ratio of 3.29 and a beta of 1.25. 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 1 year low of $488.45 and a 1 year high of $979.44. The company has a 50 day simple moving average of $903.97 and a two-hundred day simple moving average of $812.05.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, January 29th. The industrial products company reported $7.65 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Parker-Hannifin’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.53 earnings per share. On average, equities analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

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

More Parker-Hannifin News

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wells Fargo & Company increased their target price on Parker-Hannifin from $1,000.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. increased 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 report on Friday, January 30th. Barclays boosted their target price on shares of Parker-Hannifin from $990.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. KeyCorp restated an “overweight” rating and set a $1,100.00 target price on shares of Parker-Hannifin in a research report on Friday, January 30th. Finally, Jefferies Financial Group raised their price objective on Parker-Hannifin from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $990.47.

Institutional Investors Weigh In On Parker-Hannifin

Several hedge funds and other institutional investors have recently modified their holdings of the business. JFS Wealth Advisors LLC lifted its position in shares of Parker-Hannifin by 6.8% during the fourth quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 11 shares during the last quarter. Avion Wealth increased its stake in Parker-Hannifin by 35.5% in the 4th quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock worth $36,000 after buying an additional 11 shares during the period. 180 Wealth Advisors LLC lifted its holdings in Parker-Hannifin by 1.9% during the 4th quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company’s stock valued at $573,000 after buying an additional 12 shares in the last quarter. Altfest L J & Co. Inc. lifted its holdings in Parker-Hannifin by 4.4% during the 4th quarter. Altfest L J & Co. Inc. now owns 286 shares of the industrial products company’s stock valued at $251,000 after buying an additional 12 shares in the last quarter. Finally, Berkshire Asset Management LLC PA boosted its position in Parker-Hannifin by 1.1% in the 3rd quarter. Berkshire Asset Management LLC PA now owns 1,208 shares of the industrial products company’s stock valued at $916,000 after buying an additional 13 shares during the period. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

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.