Two Sigma Securities LLC Buys Shares of 868 Parker-Hannifin Corporation $PH

Two Sigma Securities LLC purchased a new stake in shares of Parker-Hannifin Corporation (NYSE:PH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 868 shares of the industrial products company’s stock, valued at approximately $849,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fideuram Asset Management Ireland dac acquired a new stake in Parker-Hannifin in the fourth quarter worth approximately $1,253,000. BNP Paribas raised its stake in shares of Parker-Hannifin by 4.1% in the 2nd quarter. BNP Paribas now owns 54,208 shares of the industrial products company’s stock worth $52,717,000 after buying an additional 2,121 shares in the last quarter. Shepherd Street Advisors LLC acquired a new stake in shares of Parker-Hannifin in the fourth quarter valued at $1,736,000. Jefferies Financial Group Inc. bought a new position in Parker-Hannifin during the fourth quarter valued at about $11,434,000. Finally, NewEdge Wealth LLC grew its holdings in Parker-Hannifin by 20.9% during the fourth quarter. NewEdge Wealth LLC now owns 13,710 shares of the industrial products company’s stock worth $12,051,000 after acquiring an additional 2,372 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $950.80 on Wednesday. The company’s fifty day moving average is $992.08 and its two-hundred day moving average is $949.89. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44. Parker-Hannifin Corporation has a 12-month low of $715.37 and a 12-month high of $1,099.94. The company has a market cap of $119.85 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 2.55 and a beta of 1.13.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, topping the consensus estimate of $8.31 by $0.96. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The business had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter last year, the firm posted $7.69 earnings per share. Parker-Hannifin’s revenue was up 9.8% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. Equities analysts expect that Parker-Hannifin Corporation will post 34.93 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 31st will be issued a $2.00 dividend. The ex-dividend date is Monday, August 31st. This represents a $8.00 dividend on an annualized basis and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio is currently 28.08%.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Berend Bracht sold 602 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total value of $626,362.94. Following the completion of the sale, the vice president directly owned 4,399 shares of the company’s stock, valued at $4,577,027.53. This represents a 12.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PH has been the subject of a number of research analyst reports. Evercore set a $1,064.00 price target on shares of Parker-Hannifin in a report on Monday, May 11th. JPMorgan Chase & Co. dropped their target price on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. UBS Group increased their target price on shares of Parker-Hannifin from $1,092.00 to $1,250.00 and gave the company a “buy” rating in a research note on Friday, August 7th. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $1,220.00 price target (up from $1,090.00) on shares of Parker-Hannifin in a report on Friday, August 7th. Finally, Wells Fargo & Company cut their price objective on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a research report on Tuesday, May 26th. Seventeen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Parker-Hannifin has an average rating of “Moderate Buy” and an average price target of $1,100.00.

Parker-Hannifin 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.