Sapient Capital LLC Sells 31 Shares of Parker-Hannifin Co. (NYSE:PH)

Sapient Capital LLC cut its holdings in Parker-Hannifin Co. (NYSE:PH) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,842 shares of the industrial products company’s stock after selling 31 shares during the period. Sapient Capital LLC’s holdings in Parker-Hannifin were worth $1,580,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PH. Strategic Blueprint LLC bought a new stake in Parker-Hannifin during the third quarter valued at about $284,000. U.S. Capital Wealth Advisors LLC boosted its holdings in Parker-Hannifin by 0.7% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 7,528 shares of the industrial products company’s stock valued at $2,932,000 after acquiring an additional 55 shares during the period. Trust Co. of Toledo NA OH boosted its holdings in Parker-Hannifin by 72.8% during the third quarter. Trust Co. of Toledo NA OH now owns 921 shares of the industrial products company’s stock valued at $359,000 after acquiring an additional 388 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Parker-Hannifin by 14.3% during the third quarter. Valeo Financial Advisors LLC now owns 1,411 shares of the industrial products company’s stock valued at $550,000 after acquiring an additional 177 shares during the period. Finally, Golden State Equity Partners bought a new stake in Parker-Hannifin during the third quarter valued at about $215,000. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Price Performance

PH traded down $9.53 during midday trading on Tuesday, reaching $544.91. 625,426 shares of the company’s stock were exchanged, compared to its average volume of 584,651. The firm has a market capitalization of $69.97 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 2.03 and a beta of 1.52. The company has a quick ratio of 0.49, a current ratio of 0.90 and a debt-to-equity ratio of 0.72. Parker-Hannifin Co. has a one year low of $318.32 and a one year high of $570.15. The business has a 50-day simple moving average of $544.46 and a two-hundred day simple moving average of $480.89.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, February 1st. The industrial products company reported $6.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.26 by $0.89. Parker-Hannifin had a net margin of 13.28% and a return on equity of 29.91%. The company had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the previous year, the company posted $4.76 earnings per share. Parker-Hannifin’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, research analysts predict that Parker-Hannifin Co. will post 24.3 EPS for the current year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 10th will be paid a $1.63 dividend. The ex-dividend date is Thursday, May 9th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.20%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.48. Parker-Hannifin’s payout ratio is 29.31%.

Insider Activity

In other news, COO Andrew D. Ross sold 3,904 shares of Parker-Hannifin stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $510.16, for a total value of $1,991,664.64. Following the completion of the transaction, the chief operating officer now owns 13,120 shares in the company, valued at $6,693,299.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Andrew D. Ross sold 3,904 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $510.16, for a total value of $1,991,664.64. Following the completion of the transaction, the chief operating officer now owns 13,120 shares in the company, valued at approximately $6,693,299.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas C. Gentile sold 2,978 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $501.72, for a total transaction of $1,494,122.16. Following the completion of the transaction, the vice president now owns 5,465 shares of the company’s stock, valued at approximately $2,741,899.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,079 shares of company stock worth $6,099,566. Insiders own 1.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PH. The Goldman Sachs Group restated a “buy” rating and set a $551.00 price target on shares of Parker-Hannifin in a report on Tuesday, January 2nd. Stifel Nicolaus increased their target price on shares of Parker-Hannifin from $588.00 to $629.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Evercore ISI lifted their target price on Parker-Hannifin from $505.00 to $590.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. KeyCorp lifted their target price on Parker-Hannifin from $575.00 to $640.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Barclays lifted their target price on Parker-Hannifin from $558.00 to $625.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Parker-Hannifin has a consensus rating of “Moderate Buy” and a consensus target price of $515.38.

Parker-Hannifin Company 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.