Parker-Hannifin Corporation $PH Shares Bought by Blair William & Co. IL

Blair William & Co. IL raised its holdings in Parker-Hannifin Corporation (NYSE:PH) by 23.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 32,583 shares of the industrial products company’s stock after acquiring an additional 6,144 shares during the quarter. Blair William & Co. IL’s holdings in Parker-Hannifin were worth $24,703,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Chilton Capital Management LLC acquired a new stake in shares of Parker-Hannifin in the third quarter valued at $29,000. Valley Wealth Managers Inc. acquired a new position in Parker-Hannifin during the 3rd quarter worth $36,000. State of Wyoming acquired a new position in Parker-Hannifin during the 2nd quarter worth $38,000. Financial Consulate Inc. purchased a new stake in Parker-Hannifin during the 3rd quarter worth about $47,000. Finally, Sagard Holdings Management Inc. acquired a new stake in Parker-Hannifin in the 2nd quarter valued at about $46,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Down 4.4%

NYSE:PH opened at $923.01 on Friday. Parker-Hannifin Corporation has a 12-month low of $488.45 and a 12-month high of $1,034.96. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. The stock’s 50 day simple moving average is $956.00 and its 200-day simple moving average is $852.67. The firm has a market cap of $116.50 billion, a P/E ratio of 33.66, a PEG ratio of 2.97 and a beta of 1.23.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, January 29th. The industrial products company reported $7.65 earnings per share for the quarter, topping the consensus estimate of $7.11 by $0.54. Parker-Hannifin had a return on equity of 27.56% and a net margin of 17.29%.The firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same period last year, the company earned $6.53 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Friday, February 6th were paid a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, February 6th. Parker-Hannifin’s dividend payout ratio (DPR) is 26.26%.

Insiders Place Their Bets

In related news, VP Berend Bracht sold 1,457 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $946.48, for a total value of $1,379,021.36. Following the completion of the sale, the vice president owned 2,580 shares in the company, valued at $2,441,918.40. This trade represents a 36.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Matthew A. Jacobson sold 564 shares of Parker-Hannifin stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $949.94, for a total value of $535,766.16. Following the completion of the sale, the vice president directly owned 1,000 shares in the company, valued at $949,940. This represents a 36.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 12,551 shares of company stock valued at $12,117,502. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PH shares. Wall Street Zen upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Wednesday, February 4th. Argus restated a “buy” rating and set a $900.00 target price on shares of Parker-Hannifin in a research note on Monday, November 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Thursday, January 22nd. BNP Paribas Exane initiated coverage on shares of Parker-Hannifin in a report on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 price target for the company. Finally, Citigroup increased their price objective on shares of Parker-Hannifin from $1,074.00 to $1,092.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $995.37.

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.