Jaffetilchin Investment Partners LLC decreased its stake in Parker-Hannifin Corp (NYSE:PH) by 57.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,274 shares of the industrial products company’s stock after selling 1,712 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Parker-Hannifin were worth $254,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. IHT Wealth Management LLC lifted its stake in shares of Parker-Hannifin by 20.8% in the 2nd quarter. IHT Wealth Management LLC now owns 116 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 20 shares during the last quarter. People s United Financial Inc. lifted its stake in shares of Parker-Hannifin by 0.5% in the 2nd quarter. People s United Financial Inc. now owns 6,079 shares of the industrial products company’s stock valued at $972,000 after purchasing an additional 31 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Parker-Hannifin by 2.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,689 shares of the industrial products company’s stock valued at $270,000 after purchasing an additional 43 shares during the last quarter. National Asset Management Inc. lifted its stake in shares of Parker-Hannifin by 4.7% during the 2nd quarter. National Asset Management Inc. now owns 1,432 shares of the industrial products company’s stock worth $229,000 after acquiring an additional 64 shares during the last quarter. Finally, KCM Investment Advisors LLC lifted its stake in shares of Parker-Hannifin by 3.5% during the 2nd quarter. KCM Investment Advisors LLC now owns 1,938 shares of the industrial products company’s stock worth $310,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 78.27% of the company’s stock.
PH has been the topic of a number of analyst reports. Zacks Investment Research upgraded Parker-Hannifin from a “hold” rating to a “buy” rating and set a $236.00 price target on the stock in a report on Thursday, January 18th. Wells Fargo & Co lifted their price target on Parker-Hannifin from $205.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Buckingham Research reiterated a “neutral” rating and issued a $210.00 price target on shares of Parker-Hannifin in a report on Friday, January 19th. They noted that the move was a valuation call. Stifel Nicolaus restated a “buy” rating and set a $245.00 target price (up from $218.00) on shares of Parker-Hannifin in a research note on Tuesday, January 16th. Finally, Cowen restated a “hold” rating and set a $180.00 target price on shares of Parker-Hannifin in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Parker-Hannifin has a consensus rating of “Hold” and a consensus target price of $199.53.
In other news, VP Robert W. Bond sold 5,517 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $181.72, for a total value of $1,002,549.24. Following the completion of the sale, the vice president now directly owns 28,265 shares in the company, valued at $5,136,315.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joseph R. Leonti sold 5,279 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $179.07, for a total value of $945,310.53. Following the completion of the sale, the vice president now owns 8,032 shares of the company’s stock, valued at $1,438,290.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,669 shares of company stock valued at $3,042,096. 1.12% of the stock is owned by company insiders.
Parker-Hannifin Corp (NYSE PH) traded down $2.83 during midday trading on Friday, reaching $190.64. The company had a trading volume of 1,994,704 shares, compared to its average volume of 952,138. Parker-Hannifin Corp has a 12 month low of $145.38 and a 12 month high of $212.80. The company has a quick ratio of 0.95, a current ratio of 1.49 and a debt-to-equity ratio of 0.87. The firm has a market cap of $25,400.00, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.66 and a beta of 1.31.
Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.08. Parker-Hannifin had a return on equity of 23.15% and a net margin of 6.54%. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the business earned $1.91 EPS. Parker-Hannifin’s quarterly revenue was up 26.2% on a year-over-year basis. equities analysts anticipate that Parker-Hannifin Corp will post 9.94 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.64 annualized dividend and a yield of 1.38%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 41.06%.
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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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