Evexia Wealth LLC Decreases Stake in Parker-Hannifin Corporation $PH

Evexia Wealth LLC cut its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,650 shares of the industrial products company’s stock after selling 626 shares during the period. Parker-Hannifin accounts for approximately 4.2% of Evexia Wealth LLC’s portfolio, making the stock its 6th largest holding. Evexia Wealth LLC’s holdings in Parker-Hannifin were worth $14,652,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PH. 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 valued at $3,843,346,000 after acquiring an additional 5,066,179 shares in the last quarter. Bank of America Corp DE lifted its stake in Parker-Hannifin by 0.6% in the 3rd quarter. Bank of America Corp DE now owns 3,904,591 shares of the industrial products company’s stock worth $2,960,266,000 after purchasing an additional 22,706 shares in the last quarter. Capital World Investors boosted its holdings in Parker-Hannifin by 7.0% in the 3rd quarter. Capital World Investors now owns 2,584,141 shares of the industrial products company’s stock valued at $1,959,166,000 after purchasing an additional 169,073 shares during the period. Ameriprise Financial Inc. grew its position in shares of Parker-Hannifin by 0.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,207,996 shares of the industrial products company’s stock valued at $1,674,132,000 after purchasing an additional 13,309 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Parker-Hannifin by 9.1% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,639,582 shares of the industrial products company’s stock worth $1,145,199,000 after purchasing an additional 136,359 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Berend Bracht sold 1,457 shares of Parker-Hannifin stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $946.48, for a total value of $1,379,021.36. Following the transaction, the vice president owned 2,580 shares in the company, valued at $2,441,918.40. This trade represents a 36.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Andrew D. Ross sold 4,664 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $999.00, for a total transaction of $4,659,336.00. Following the completion of the sale, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $13,106,880. This represents a 26.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 10,063 shares of company stock valued at $9,891,214. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Trading Down 1.4%

NYSE PH opened at $908.32 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.52. The stock’s 50-day simple moving average is $951.50 and its two-hundred day simple moving average is $871.81. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $1,034.96. The company has a market capitalization of $114.65 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 2.96 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, January 29th. The industrial products company reported $7.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.11 by $0.54. Parker-Hannifin had a return on equity of 27.56% and a net margin of 17.29%.Parker-Hannifin’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $6.53 earnings per share. Research analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 6th were paid a dividend of $1.80 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $7.20 annualized dividend and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is 26.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PH shares. JPMorgan Chase & Co. increased their price objective on Parker-Hannifin from $1,083.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. BMO Capital Markets began coverage on Parker-Hannifin in a research note on Friday, March 27th. They issued an “outperform” rating and a $1,090.00 target price on the stock. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Wednesday, February 4th. iA Financial set a $1,032.00 price target on Parker-Hannifin in a research report on Thursday, January 29th. Finally, Jefferies Financial Group upped their price objective on shares of Parker-Hannifin from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $996.60.

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.