Vista Investment Partners LLC Sells 80 Shares of Parker-Hannifin Corporation $PH

Vista Investment Partners LLC reduced its position in Parker-Hannifin Corporation (NYSE:PH) by 0.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 8,905 shares of the industrial products company’s stock after selling 80 shares during the period. Parker-Hannifin comprises 1.8% of Vista Investment Partners LLC’s holdings, making the stock its 15th largest position. Vista Investment Partners LLC’s holdings in Parker-Hannifin were worth $6,220,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cascade Financial Partners LLC increased its holdings in shares of Parker-Hannifin by 3.1% in the first quarter. Cascade Financial Partners LLC now owns 498 shares of the industrial products company’s stock valued at $303,000 after purchasing an additional 15 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Parker-Hannifin by 0.8% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,814 shares of the industrial products company’s stock worth $1,103,000 after purchasing an additional 15 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Parker-Hannifin by 3.6% during the second quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock worth $300,000 after purchasing an additional 15 shares during the period. Empowered Funds LLC boosted its stake in shares of Parker-Hannifin by 0.5% in the first quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock valued at $1,759,000 after buying an additional 15 shares during the period. Finally, Nicolet Advisory Services LLC grew its position in Parker-Hannifin by 3.5% during the first quarter. Nicolet Advisory Services LLC now owns 468 shares of the industrial products company’s stock worth $262,000 after buying an additional 16 shares in the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on PH shares. Barclays upped their target price on Parker-Hannifin from $750.00 to $776.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Citigroup restated a “buy” rating and set a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a research note on Monday, July 14th. Susquehanna began coverage on shares of Parker-Hannifin in a report on Friday, August 15th. They set a “positive” rating and a $860.00 price target on the stock. Wells Fargo & Company lifted their price target on Parker-Hannifin from $770.00 to $800.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Finally, Wall Street Zen cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Sunday, September 7th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $770.94.

Parker-Hannifin Stock Performance

Shares of PH opened at $738.35 on Thursday. The stock has a 50-day moving average of $738.85 and a 200-day moving average of $670.20. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $779.77. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The company has a market cap of $94.35 billion, a PE ratio of 27.23, a P/E/G ratio of 3.12 and a beta of 1.35.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, beating analysts’ consensus estimates of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter last year, the firm posted $6.77 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, equities research analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd were paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, September 2nd. Parker-Hannifin’s payout ratio is presently 26.55%.

Insider Activity at Parker-Hannifin

In related news, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $732.66, for a total transaction of $3,195,130.26. Following the completion of the transaction, the chief operating officer owned 13,120 shares in the company, valued at approximately $9,612,499.20. This represents a 24.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Matthew A. Jacobson sold 575 shares of Parker-Hannifin stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $733.06, for a total transaction of $421,509.50. Following the completion of the sale, the vice president directly owned 1,000 shares in the company, valued at approximately $733,060. This represents a 36.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,039 shares of company stock valued at $10,356,566 in the last ninety days. Insiders own 0.39% of the company’s stock.

About Parker-Hannifin

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.