994 Shares in Parker-Hannifin Co. (NYSE:PH) Bought by American Trust

American Trust bought a new stake in shares of Parker-Hannifin Co. (NYSE:PH) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 994 shares of the industrial products company’s stock, valued at approximately $334,000.

Other large investors have also recently bought and sold shares of the company. ZWJ Investment Counsel Inc. acquired a new position in Parker-Hannifin during the 1st quarter valued at $202,000. Brown Advisory Inc. raised its stake in shares of Parker-Hannifin by 17.5% in the 4th quarter. Brown Advisory Inc. now owns 62,151 shares of the industrial products company’s stock valued at $18,086,000 after buying an additional 9,271 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Parker-Hannifin by 57.7% in the 1st quarter. SG Americas Securities LLC now owns 752 shares of the industrial products company’s stock valued at $253,000 after buying an additional 275 shares in the last quarter. Elo Mutual Pension Insurance Co acquired a new position in shares of Parker-Hannifin in the 1st quarter valued at $3,446,000. Finally, MGO One Seven LLC raised its stake in shares of Parker-Hannifin by 5.1% in the 1st quarter. MGO One Seven LLC now owns 1,644 shares of the industrial products company’s stock valued at $553,000 after buying an additional 80 shares in the last quarter. 82.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Joseph Scaminace sold 1,660 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $409.91, for a total value of $680,450.60. Following the transaction, the director now owns 5,487 shares of the company’s stock, valued at approximately $2,249,176.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Berend Bracht sold 863 shares of Parker-Hannifin stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $419.47, for a total transaction of $362,002.61. Following the transaction, the vice president now owns 2,700 shares of the company’s stock, valued at approximately $1,132,569. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph Scaminace sold 1,660 shares of Parker-Hannifin stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $409.91, for a total transaction of $680,450.60. Following the transaction, the director now directly owns 5,487 shares in the company, valued at approximately $2,249,176.17. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,918 shares of company stock valued at $5,385,885. 1.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PH. Citigroup increased their price objective on shares of Parker-Hannifin from $370.00 to $425.00 and gave the company a “neutral” rating in a research note on Tuesday, July 18th. Morgan Stanley increased their price objective on shares of Parker-Hannifin from $408.00 to $448.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Mizuho increased their target price on shares of Parker-Hannifin from $335.00 to $415.00 in a research report on Friday, July 7th. KeyCorp increased their target price on shares of Parker-Hannifin from $450.00 to $460.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. Finally, Argus increased their target price on shares of Parker-Hannifin from $390.00 to $460.00 in a research report on Friday, August 4th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $436.29.

Parker-Hannifin Stock Down 0.8 %

Shares of NYSE:PH opened at $392.12 on Friday. Parker-Hannifin Co. has a 12 month low of $235.69 and a 12 month high of $428.16. The company’s 50-day moving average price is $406.07 and its two-hundred day moving average price is $362.84. The company has a quick ratio of 0.51, a current ratio of 0.88 and a debt-to-equity ratio of 0.85. The firm has a market cap of $50.36 billion, a P/E ratio of 24.51, a P/E/G ratio of 1.46 and a beta of 1.52.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $6.08 EPS for the quarter, topping analysts’ consensus estimates of $5.48 by $0.60. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.01 billion. Parker-Hannifin had a net margin of 10.93% and a return on equity of 29.26%. The company’s revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.16 EPS. As a group, research analysts forecast that Parker-Hannifin Co. will post 22.65 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 28th were paid a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, August 25th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 37.00%.

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.