Personal CFO Solutions LLC Sells 41 Shares of Parker-Hannifin Corporation (NYSE:PH)

Personal CFO Solutions LLC reduced its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 2.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,398 shares of the industrial products company’s stock after selling 41 shares during the period. Personal CFO Solutions LLC’s holdings in Parker-Hannifin were worth $850,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PH. Aster Capital Management DIFC Ltd bought a new stake in Parker-Hannifin in the 4th quarter valued at $25,000. Millstone Evans Group LLC bought a new stake in Parker-Hannifin in the 4th quarter valued at $30,000. Mpwm Advisory Solutions LLC bought a new stake in Parker-Hannifin in the 4th quarter valued at $32,000. Olde Wealth Management LLC acquired a new stake in shares of Parker-Hannifin during the 1st quarter valued at about $35,000. Finally, Chilton Capital Management LLC increased its stake in Parker-Hannifin by 1,500.0% in the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 60 shares during the period. 82.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Jay Reidy sold 150 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $620.37, for a total transaction of $93,055.50. Following the completion of the sale, the vice president owned 2,083 shares of the company’s stock, valued at approximately $1,292,230.71. This represents a 6.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

Parker-Hannifin Trading Up 0.3%

PH opened at $708.92 on Tuesday. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $720.90. The company has a 50-day simple moving average of $664.18 and a 200 day simple moving average of $644.27. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $90.59 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 3.10 and a beta of 1.34.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, May 1st. The industrial products company reported $6.94 EPS for the quarter, topping analysts’ consensus estimates of $6.72 by $0.22. The firm had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.99 billion. Parker-Hannifin had a net margin of 17.14% and a return on equity of 26.80%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $6.51 earnings per share. Analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 9th were given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Friday, May 9th. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.63. Parker-Hannifin’s dividend payout ratio is currently 27.72%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PH shares. Truist Financial dropped their target price on shares of Parker-Hannifin from $842.00 to $717.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Wolfe Research cut shares of Parker-Hannifin from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 3rd. Mizuho set a $785.00 target price on shares of Parker-Hannifin in a research note on Friday, May 16th. Morgan Stanley assumed coverage on shares of Parker-Hannifin in a report on Thursday, June 5th. They issued an “equal weight” rating and a $700.00 price objective on the stock. Finally, Stifel Nicolaus increased their price objective on shares of Parker-Hannifin from $630.00 to $670.00 and gave the company a “hold” rating in a report on Monday, June 2nd. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Parker-Hannifin presently has an average rating of “Moderate Buy” and an average target price of $719.41.

Parker-Hannifin 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.