17 Capital Partners LLC Reduces Position in Parker-Hannifin Corporation $PH

17 Capital Partners LLC cut its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 9.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,373 shares of the industrial products company’s stock after selling 465 shares during the period. Parker-Hannifin comprises 1.8% of 17 Capital Partners LLC’s portfolio, making the stock its 5th biggest position. 17 Capital Partners LLC’s holdings in Parker-Hannifin were worth $3,054,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Nuveen LLC purchased a new stake in Parker-Hannifin in the first quarter worth about $933,089,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Parker-Hannifin by 52.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock valued at $1,485,042,000 after purchasing an additional 842,262 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Parker-Hannifin by 11.6% in the 1st quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock worth $1,221,323,000 after purchasing an additional 208,573 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Parker-Hannifin by 23.8% during the first quarter. Goldman Sachs Group Inc. now owns 996,738 shares of the industrial products company’s stock valued at $605,867,000 after purchasing an additional 191,799 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Parker-Hannifin by 1.6% during the first quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company’s stock valued at $6,700,795,000 after purchasing an additional 168,990 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Insider Activity

In other Parker-Hannifin news, VP Rachid Bendali sold 1,437 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the sale, the vice president owned 2,714 shares in the company, valued at approximately $2,315,014.86. The trade was a 34.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Berend Bracht sold 3,507 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total value of $3,032,082.06. Following the completion of the transaction, the vice president directly owned 2,580 shares in the company, valued at $2,230,616.40. This represents a 57.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,569 shares of company stock valued at $7,730,464 over the last ninety days. 0.32% of the stock is currently owned by insiders.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $821.08 on Thursday. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $869.36. The company has a market cap of $103.61 billion, a PE ratio of 30.28, a P/E/G ratio of 3.21 and a beta of 1.37. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The business has a 50-day simple moving average of $771.12 and a two-hundred day simple moving average of $726.59.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.62 by $0.60. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.20 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. As a group, equities analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be paid a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s payout ratio is presently 25.65%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PH. Raymond James Financial upped their target price on Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Barclays upped their price objective on Parker-Hannifin from $785.00 to $906.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Stifel Nicolaus cut their target price on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a research note on Monday, October 20th. KeyCorp boosted their target price on shares of Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Truist Financial restated a “buy” rating and issued a $977.00 price target (up from $910.00) on shares of Parker-Hannifin in a report on Friday, November 7th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and an average target price of $860.71.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.