Sei Investments Co. increased its stake in Parker-Hannifin Corp (NYSE:PH) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,905 shares of the industrial products company’s stock after purchasing an additional 4,609 shares during the quarter. Sei Investments Co.’s holdings in Parker-Hannifin were worth $19,740,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. San Francisco Sentry Investment Group CA raised its position in Parker-Hannifin by 139.3% in the fourth quarter. San Francisco Sentry Investment Group CA now owns 579 shares of the industrial products company’s stock worth $116,000 after acquiring an additional 337 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Parker-Hannifin in the third quarter worth about $168,000. Advisory Services Network LLC raised its position in Parker-Hannifin by 145.6% in the second quarter. Advisory Services Network LLC now owns 1,191 shares of the industrial products company’s stock worth $190,000 after acquiring an additional 706 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in Parker-Hannifin in the fourth quarter worth about $197,000. Finally, Tiedemann Wealth Management LLC raised its position in Parker-Hannifin by 95.6% in the third quarter. Tiedemann Wealth Management LLC now owns 3,050 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 1,491 shares in the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.
PH has been the topic of several research reports. Credit Suisse Group boosted their price target on shares of Parker-Hannifin from $205.00 to $206.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Deutsche Bank boosted their price target on shares of Parker-Hannifin to $200.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. BMO Capital Markets boosted their price target on shares of Parker-Hannifin to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, January 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $210.00 price target on shares of Parker-Hannifin in a research report on Friday, November 3rd. Finally, Zacks Investment Research downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $202.06.
In other news, VP Andrew D. Ross sold 2,056 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $192.14, for a total value of $395,039.84. Following the transaction, the vice president now owns 5,207 shares in the company, valued at approximately $1,000,472.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Scaminace sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $184.97, for a total value of $184,970.00. The disclosure for this sale can be found here. 1.12% of the stock is owned by corporate insiders.
Shares of Parker-Hannifin Corp (NYSE:PH) opened at $183.22 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.99 and a current ratio of 1.49. The stock has a market capitalization of $24,410.00, a PE ratio of 21.45, a price-to-earnings-growth ratio of 1.58 and a beta of 1.31. Parker-Hannifin Corp has a twelve month low of $151.17 and a twelve month high of $212.80.
Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, February 1st. The industrial products company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.08. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.33 billion. Parker-Hannifin had a return on equity of 23.15% and a net margin of 6.54%. The firm’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 EPS. equities analysts expect that Parker-Hannifin Corp will post 9.95 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.44%. Parker-Hannifin’s dividend payout ratio is 30.91%.
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Parker-Hannifin Company Profile
Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment.
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