Yousif Capital Management LLC Sells 902 Shares of Parker-Hannifin Corporation $PH

Yousif Capital Management LLC lessened its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 5.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,064 shares of the industrial products company’s stock after selling 902 shares during the period. Yousif Capital Management LLC’s holdings in Parker-Hannifin were worth $11,420,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PH. Wealth Preservation Advisors LLC bought a new stake in Parker-Hannifin during the first quarter worth about $27,000. Saudi Central Bank purchased a new position in shares of Parker-Hannifin during the first quarter valued at approximately $31,000. Interchange Capital Partners LLC bought a new stake in shares of Parker-Hannifin in the 2nd quarter worth approximately $31,000. State of Wyoming purchased a new stake in shares of Parker-Hannifin in the 2nd quarter worth approximately $38,000. Finally, Princeton Global Asset Management LLC increased its position in Parker-Hannifin by 56.1% during the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock valued at $45,000 after buying an additional 23 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $886.84 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $111.91 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 3.08 and a beta of 1.25. The firm’s 50 day moving average price is $826.79 and its 200-day moving average price is $762.14. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $908.35.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, topping the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same period last year, the firm earned $6.20 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS and its FY 2026 guidance at 29.600-30.400 EPS. Equities research analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 7th were issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, November 7th. Parker-Hannifin’s payout ratio is currently 25.65%.

Insiders Place Their Bets

In related news, VP Berend Bracht sold 3,507 shares of the stock in a transaction that occurred on 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 sale, the vice president directly owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. This represents a 57.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Rachid Bendali sold 1,437 shares of Parker-Hannifin stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the transaction, the vice president directly owned 2,714 shares in the company, valued at $2,315,014.86. This represents a 34.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 7,432 shares of company stock worth $6,484,116 over the last quarter. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PH has been the topic of several analyst reports. Susquehanna reissued a “positive” rating and issued a $1,000.00 target price on shares of Parker-Hannifin in a report on Wednesday, November 12th. Argus reiterated a “buy” rating and issued a $900.00 price target on shares of Parker-Hannifin in a research note on Monday, November 10th. Truist Financial raised their price objective on shares of Parker-Hannifin from $977.00 to $1,097.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a report on Wednesday, October 8th. Finally, Robert W. Baird increased their price target on shares of Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Fifteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $911.65.

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.