91 Shares in Parker-Hannifin Co. (NYSE:PH) Purchased by ORG Partners LLC

ORG Partners LLC bought a new stake in Parker-Hannifin Co. (NYSE:PH) during the 4th quarter, Holdings Channel reports. The firm bought 91 shares of the industrial products company’s stock, valued at approximately $42,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new position in shares of Parker-Hannifin in the 3rd quarter worth approximately $25,000. Baystate Wealth Management LLC lifted 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 acquiring an additional 49 shares during the last quarter. DHJJ Financial Advisors Ltd. acquired a new position in shares of Parker-Hannifin in the 3rd quarter worth approximately $29,000. First Capital Advisors Group LLC. acquired a new position in shares of Parker-Hannifin in the 2nd quarter worth approximately $30,000. Finally, Oakworth Capital Inc. increased its stake in Parker-Hannifin by 48.3% during the 3rd quarter. Oakworth Capital Inc. now owns 86 shares of the industrial products company’s stock worth $33,000 after buying an additional 28 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Thomas C. Gentile sold 2,978 shares of the company’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 value of $1,494,122.16. Following the sale, the vice president now owns 5,465 shares of the company’s stock, valued at approximately $2,741,899.80. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, VP Thomas C. Gentile sold 2,978 shares of the company’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 value of $1,494,122.16. Following the sale, the vice president now owns 5,465 shares of the company’s stock, valued at approximately $2,741,899.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark J. Hart sold 5,197 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 7,063 shares in the company, valued at approximately $3,552,265.22. The disclosure for this sale can be found here. Insiders have sold a total of 12,079 shares of company stock worth $6,099,566 in the last quarter. Company insiders own 1.03% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $543.37 on Tuesday. The stock has a market capitalization of $69.77 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 2.01 and a beta of 1.52. Parker-Hannifin Co. has a 52-week low of $309.89 and a 52-week high of $570.15. The stock’s 50-day moving average price is $538.46 and its 200 day moving average price is $469.06. 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 (NYSE:PH) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $6.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.26 by $0.89. The firm had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Parker-Hannifin had a return on equity of 29.91% and a net margin of 13.28%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.76 EPS. As a group, equities research analysts forecast that Parker-Hannifin Co. will post 24.3 EPS for the current year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Thursday, February 8th. Parker-Hannifin’s dividend payout ratio is currently 29.31%.

Analysts Set New Price Targets

PH has been the topic of several recent research reports. Barclays upped their target price on shares of Parker-Hannifin from $558.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company lifted their price target on Parker-Hannifin from $450.00 to $510.00 and gave the stock an “overweight” rating in a report on Tuesday, December 19th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $551.00 price target on shares of Parker-Hannifin in a report on Tuesday, January 2nd. Stifel Nicolaus lifted their price target on Parker-Hannifin from $588.00 to $629.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Finally, Evercore ISI lifted their price target on Parker-Hannifin from $505.00 to $590.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.