Aster Capital Management DIFC Ltd Buys Shares of 1,569 Parker-Hannifin Corporation $PH

Core Insights - Aster Capital Management DIFC Ltd has acquired a new position in Parker-Hannifin Corporation, purchasing 1,569 shares valued at approximately $1,190,000 in the 3rd quarter [2] - Several large investors have modified their holdings in Parker-Hannifin, with institutional ownership currently at 82.44% [3] - Recent insider trading includes CFO Todd M. Leombruno selling 2,062 shares for $2,066,825.08, representing a 9.09% decrease in ownership [4] Institutional Holdings - Berkshire Asset Management LLC PA increased its position by 1.1%, now owning 1,208 shares worth $916,000 after acquiring 13 additional shares [3] - Bridgewater Advisors Inc. boosted its stake by 2.3%, owning 567 shares valued at $473,000 after purchasing 13 shares [3] - High Net Worth Advisory Group LLC increased its stake by 0.3%, now holding 4,694 shares valued at $3,559,000 [3] Insider Transactions - CFO Todd M. Leombruno sold 2,062 shares at an average price of $1,002.34, reducing ownership to 20,610 shares valued at approximately $20,658,227.40 [4] - VP Dinu J. Parel sold 1,316 shares at an average price of $950.05, resulting in a 16.76% decrease in ownership [4] - Insiders sold a total of 12,551 shares worth $12,117,502 over the last three months, with insiders owning 0.32% of the company's stock [4] Analyst Ratings - Truist Financial set a target price of $1,139.00 for Parker-Hannifin [5] - Citigroup raised its price objective from $1,074.00 to $1,092.00, maintaining a "buy" rating [5] - The average rating for Parker-Hannifin is "Moderate Buy" with a consensus price target of $995.37 [5] Financial Performance - Parker-Hannifin reported $7.65 EPS for the last quarter, exceeding analysts' expectations of $7.11 by $0.54 [9] - The company had a net margin of 17.29% and a return on equity of 27.56% [9] - Revenue for the quarter was $5.17 billion, up 9.1% year-over-year, compared to expectations of $5.07 billion [9] Dividend Information - Parker-Hannifin announced a quarterly dividend of $1.80, with an annualized dividend of $7.20 and a yield of 0.7% [10] - The dividend payout ratio is currently 26.26% [10] Company Overview - Parker-Hannifin Corporation is a global manufacturer of motion and control technologies, providing engineered components and systems for various applications [11] - The company's product offerings include hydraulic and pneumatic components, valves, pumps, and motion-control systems [12]