Oxbow Advisors LLC increased its stake in Parker-Hannifin Corp (NYSE:PH) by 0.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,529 shares of the industrial products company’s stock after buying an additional 110 shares during the period. Oxbow Advisors LLC’s holdings in Parker-Hannifin were worth $2,785,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp boosted its stake in Parker-Hannifin by 0.5% during the 4th quarter. State Street Corp now owns 5,121,840 shares of the industrial products company’s stock valued at $1,054,177,000 after purchasing an additional 27,118 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Parker-Hannifin by 2.4% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,605,306 shares of the industrial products company’s stock valued at $289,934,000 after purchasing an additional 37,353 shares during the last quarter. Maj Invest Holding A S boosted its stake in shares of Parker-Hannifin by 11.6% in the 4th quarter. Maj Invest Holding A S now owns 1,287,225 shares of the industrial products company’s stock worth $264,937,000 after buying an additional 133,543 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Parker-Hannifin by 2.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 605,974 shares of the industrial products company’s stock worth $124,721,000 after buying an additional 11,623 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Parker-Hannifin by 1.3% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 512,464 shares of the industrial products company’s stock worth $105,475,000 after buying an additional 6,804 shares during the last quarter. Institutional investors and hedge funds own 80.23% of the company’s stock.
Parker-Hannifin stock traded down $1.19 during trading on Friday, reaching $211.84. The company had a trading volume of 535,159 shares, compared to its average volume of 917,192. Parker-Hannifin Corp has a 52 week low of $152.18 and a 52 week high of $215.40. The firm’s 50-day simple moving average is $204.99 and its 200 day simple moving average is $188.80. The firm has a market capitalization of $27.35 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 2.16 and a beta of 1.55. The company has a current ratio of 1.38, a quick ratio of 0.89 and a debt-to-equity ratio of 1.28.
Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, January 30th. The industrial products company reported $2.54 EPS for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.27. Parker-Hannifin had a return on equity of 25.18% and a net margin of 9.63%. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same period last year, the firm earned $2.51 EPS. Parker-Hannifin’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts predict that Parker-Hannifin Corp will post 10.61 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 7th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $3.52 dividend on an annualized basis and a yield of 1.66%. Parker-Hannifin’s dividend payout ratio is currently 29.70%.
A number of equities analysts have recently issued reports on PH shares. Goldman Sachs Group upgraded Parker-Hannifin from a “sell” rating to a “buy” rating and raised their price target for the stock from $180.00 to $230.00 in a research note on Tuesday, December 10th. Gordon Haskett upgraded Parker-Hannifin from an “underperform” rating to a “hold” rating in a research note on Monday, November 4th. Morgan Stanley raised their price target on Parker-Hannifin from $209.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Citigroup raised their price target on Parker-Hannifin from $195.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, BMO Capital Markets raised their price target on Parker-Hannifin to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $211.27.
In other Parker-Hannifin news, VP William R. Bowman sold 1,904 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $208.83, for a total transaction of $397,612.32. Following the sale, the vice president now directly owns 6,622 shares of the company’s stock, valued at $1,382,872.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Andrew M. Weeks sold 3,750 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $200.38, for a total value of $751,425.00. Over the last ninety days, insiders sold 6,429 shares of company stock worth $1,304,440. 1.23% of the stock is owned by insiders.
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.
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