Blair William & Co. IL Has $10.92 Million Stock Holdings in Parker-Hannifin Co. (NYSE:PH)

Blair William & Co. IL cut its position in shares of Parker-Hannifin Co. (NYSE:PHFree Report) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,043 shares of the industrial products company’s stock after selling 553 shares during the quarter. Blair William & Co. IL’s holdings in Parker-Hannifin were worth $10,923,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management acquired a new position in Parker-Hannifin in the third quarter worth about $25,000. Baystate Wealth Management LLC raised its holdings in shares of Parker-Hannifin by 233.3% in the 3rd quarter. Baystate Wealth Management LLC now owns 70 shares of the industrial products company’s stock worth $27,000 after buying an additional 49 shares in the last quarter. DHJJ Financial Advisors Ltd. bought a new position in shares of Parker-Hannifin during the 3rd quarter worth approximately $29,000. First Capital Advisors Group LLC. acquired a new stake in Parker-Hannifin in the 2nd quarter valued at $30,000. Finally, Oakworth Capital Inc. raised its stake in Parker-Hannifin by 48.3% during the third quarter. Oakworth Capital Inc. now owns 86 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 82.25% of the company’s stock.

Parker-Hannifin Stock Up 1.1 %

Parker-Hannifin stock opened at $521.38 on Monday. Parker-Hannifin Co. has a fifty-two week low of $300.86 and a fifty-two week high of $521.50. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.90 and a quick ratio of 0.49. The firm has a market capitalization of $66.95 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 1.93 and a beta of 1.50. The company’s 50 day simple moving average is $464.63 and its 200 day simple moving average is $425.19.

Parker-Hannifin (NYSE:PHGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $6.15 EPS for the quarter, topping the consensus estimate of $5.26 by $0.89. Parker-Hannifin had a return on equity of 29.91% and a net margin of 13.28%. The business had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the business posted $4.76 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Parker-Hannifin Co. will post 24.15 EPS for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 9th will be paid a dividend of $1.48 per share. The ex-dividend date is Thursday, February 8th. This represents a $5.92 dividend on an annualized basis and a yield of 1.14%. Parker-Hannifin’s payout ratio is 29.31%.

Insiders Place Their Bets

In related news, EVP Mark J. Hart sold 5,197 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $502.94, for a total value of $2,613,779.18. Following the sale, the executive vice president now directly owns 7,063 shares of the company’s stock, valued at approximately $3,552,265.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Mark J. Hart sold 5,197 shares of Parker-Hannifin stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $502.94, for a total value of $2,613,779.18. Following the sale, the executive vice president now directly owns 7,063 shares in the company, valued at $3,552,265.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas C. Gentile sold 2,978 shares of the business’s stock in a transaction 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 sale, the vice president now directly owns 5,465 shares in the company, valued at approximately $2,741,899.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,079 shares of company stock worth $6,099,566. Company insiders own 1.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PH shares. KeyCorp boosted their target price on shares of Parker-Hannifin from $500.00 to $575.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Wells Fargo & Company upped their price objective on shares of Parker-Hannifin from $450.00 to $510.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 19th. Stifel Nicolaus reissued a “buy” rating and issued a $500.00 target price on shares of Parker-Hannifin in a report on Friday, January 19th. Wolfe Research restated a “peer perform” rating on shares of Parker-Hannifin in a research report on Monday, December 11th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $551.00 price objective on shares of Parker-Hannifin in a research report on Tuesday, January 2nd. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Parker-Hannifin presently has an average rating of “Moderate Buy” and a consensus price target of $480.93.

Get Our Latest Research Report on Parker-Hannifin

About Parker-Hannifin

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Parker-Hannifin (NYSE:PH)

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