Parker-Hannifin Corporation $PH Shares Sold by Regents Gate Capital LLP

Regents Gate Capital LLP lessened its holdings in Parker-Hannifin Corporation (NYSE:PH) by 18.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,180 shares of the industrial products company’s stock after selling 3,214 shares during the quarter. Parker-Hannifin accounts for approximately 3.8% of Regents Gate Capital LLP’s investment portfolio, making the stock its 8th biggest position. Regents Gate Capital LLP’s holdings in Parker-Hannifin were worth $10,751,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. ING Groep NV acquired a new position in Parker-Hannifin in the 3rd quarter valued at $26,398,000. Quadrant Capital Group LLC increased its position in shares of Parker-Hannifin by 20.1% in the second quarter. Quadrant Capital Group LLC now owns 3,610 shares of the industrial products company’s stock worth $2,521,000 after purchasing an additional 604 shares during the period. Procyon Advisors LLC lifted its position 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 worth $3,843,346,000 after purchasing an additional 5,066,179 shares during the period. Wilkinson Global Asset Management LLC grew its stake in Parker-Hannifin by 28.2% during the third quarter. Wilkinson Global Asset Management LLC now owns 48,434 shares of the industrial products company’s stock worth $36,720,000 after buying an additional 10,653 shares in the last quarter. Finally, Citigroup Inc. grew its stake in Parker-Hannifin by 54.7% during the third quarter. Citigroup Inc. now owns 158,668 shares of the industrial products company’s stock worth $120,294,000 after buying an additional 56,103 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Insider Activity

In other Parker-Hannifin news, CFO Todd M. Leombruno sold 2,062 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $1,002.34, for a total value of $2,066,825.08. Following the completion of the transaction, the chief financial officer directly owned 20,610 shares in the company, valued at approximately $20,658,227.40. This represents a 9.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Dinu J. Parel sold 1,316 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $950.05, for a total transaction of $1,250,265.80. Following the transaction, the vice president directly owned 6,534 shares of the company’s stock, valued at $6,207,626.70. The trade was a 16.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 12,551 shares of company stock worth $12,117,502. Company insiders own 0.32% of the company’s stock.

Parker-Hannifin Trading Down 0.6%

NYSE PH opened at $1,009.11 on Monday. The company has a market cap of $127.37 billion, a price-to-earnings ratio of 36.80, a price-to-earnings-growth ratio of 3.25 and a beta of 1.25. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $1,034.96. 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 business’s fifty day moving average is $947.29 and its 200 day moving average is $845.17.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, January 29th. The industrial products company reported $7.65 EPS for the quarter, beating the consensus estimate of $7.11 by $0.54. Parker-Hannifin had a return on equity of 27.56% and a net margin of 17.29%.The firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period last year, the company earned $6.53 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 6th will be given a dividend of $1.80 per share. The ex-dividend date is Friday, February 6th. This represents a $7.20 annualized dividend and a yield of 0.7%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 26.26%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PH shares. Barclays boosted their target price on shares of Parker-Hannifin from $990.00 to $1,020.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Thursday, January 22nd. iA Financial set a $1,032.00 target price on Parker-Hannifin in a report on Thursday, January 29th. BNP Paribas Exane started coverage on Parker-Hannifin in a report on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price objective on Parker-Hannifin from $1,083.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and a consensus target price of $995.37.

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.