Parker-Hannifin Corporation $PH Stock Position Lifted by Diversified Trust Co.

Diversified Trust Co. lifted its position in Parker-Hannifin Corporation (NYSE:PH) by 411.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,853 shares of the industrial products company’s stock after acquiring an additional 3,099 shares during the quarter. Diversified Trust Co.’s holdings in Parker-Hannifin were worth $3,387,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. 180 Wealth Advisors LLC raised its holdings in shares of Parker-Hannifin by 1.9% in the 4th quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company’s stock worth $573,000 after buying an additional 12 shares in the last quarter. Berkshire Asset Management LLC PA boosted its stake in Parker-Hannifin by 1.1% in the 3rd quarter. Berkshire Asset Management LLC PA now owns 1,208 shares of the industrial products company’s stock valued at $916,000 after buying an additional 13 shares in the last quarter. Bridgewater Advisors Inc. grew its position in Parker-Hannifin by 2.3% in the third quarter. Bridgewater Advisors Inc. now owns 567 shares of the industrial products company’s stock valued at $473,000 after acquiring an additional 13 shares during the period. High Net Worth Advisory Group LLC grew its position in Parker-Hannifin by 0.3% in the third quarter. High Net Worth Advisory Group LLC now owns 4,694 shares of the industrial products company’s stock valued at $3,559,000 after acquiring an additional 14 shares during the period. Finally, Asset Dedication LLC raised its stake in Parker-Hannifin by 2.0% during the third quarter. Asset Dedication LLC now owns 702 shares of the industrial products company’s stock worth $532,000 after acquiring an additional 14 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO Andrew D. Ross sold 4,664 shares of Parker-Hannifin stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $999.00, for a total transaction of $4,659,336.00. Following the completion of the sale, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $13,106,880. The trade was a 26.23% 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, CFO Todd M. Leombruno sold 2,062 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $1,002.34, for a total value of $2,066,825.08. Following the completion of the sale, the chief financial officer owned 20,610 shares of the company’s stock, valued at $20,658,227.40. This represents a 9.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 10,063 shares of company stock worth $9,891,214 over the last three months. Insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PH. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Wednesday, February 4th. Barclays increased their target price on shares of Parker-Hannifin from $990.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Jefferies Financial Group lifted their price target on shares of Parker-Hannifin from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, January 30th. Morgan Stanley boosted their price target on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 24th. Finally, Robert W. Baird set a $1,050.00 price objective on shares of Parker-Hannifin in a research note on Friday, January 30th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $995.37.

Parker-Hannifin Stock Up 1.9%

Shares of NYSE:PH opened at $923.62 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.18 and a quick ratio of 0.66. The stock has a market cap of $116.58 billion, a price-to-earnings ratio of 33.68, a P/E/G ratio of 2.92 and a beta of 1.23. The company has a 50 day moving average of $957.23 and a 200-day moving average of $866.61. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $1,034.96.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, January 29th. The industrial products company reported $7.65 earnings per share for the quarter, beating the consensus estimate of $7.11 by $0.54. Parker-Hannifin had a net margin of 17.29% and a return on equity of 27.56%. During the same period last year, the company earned $6.53 EPS. Parker-Hannifin’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, sell-side analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

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

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.