Parker-Hannifin Corporation $PH Shares Bought by Czech National Bank

Czech National Bank raised its position in Parker-Hannifin Corporation (NYSE:PH) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,274 shares of the industrial products company’s stock after purchasing an additional 821 shares during the period. Czech National Bank’s holdings in Parker-Hannifin were worth $29,247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of PH. Optivise Advisory Services LLC boosted its position in shares of Parker-Hannifin by 42.3% during the 4th quarter. Optivise Advisory Services LLC now owns 821 shares of the industrial products company’s stock worth $721,000 after acquiring an additional 244 shares in the last quarter. Lee Johnson Capital Management LLC acquired a new position in Parker-Hannifin in the fourth quarter valued at approximately $544,000. Thrive Wealth Management LLC purchased a new position in Parker-Hannifin in the fourth quarter valued at approximately $214,000. Gilman Hill Asset Management LLC acquired a new stake in Parker-Hannifin during the fourth quarter worth approximately $254,000. Finally, Daymark Wealth Partners LLC lifted its position in shares of Parker-Hannifin by 1.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 25,414 shares of the industrial products company’s stock worth $22,338,000 after buying an additional 357 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Stock Down 0.5%

PH stock opened at $920.42 on Thursday. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $1,034.96. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 1.18. The company has a fifty day moving average of $956.92 and a 200-day moving average of $866.99. The stock has a market capitalization of $116.18 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23.

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 analysts’ consensus estimates of $7.11 by $0.54. Parker-Hannifin had a return on equity of 27.56% and a net margin of 17.29%.During the same period last year, the firm posted $6.53 EPS. Parker-Hannifin’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Robert W. Baird set a $1,050.00 price target on shares of Parker-Hannifin in a research note on Friday, January 30th. Barclays raised their price target on Parker-Hannifin from $990.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Wells Fargo & Company boosted their price objective on Parker-Hannifin from $1,000.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. Sixteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and a consensus price target of $995.37.

Insiders Place Their Bets

In related news, VP Dinu J. Parel sold 1,316 shares of Parker-Hannifin stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $950.05, for a total transaction of $1,250,265.80. Following the completion of the transaction, the vice president directly owned 6,534 shares of the company’s stock, valued at approximately $6,207,626.70. The trade was a 16.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Andrew D. Ross sold 4,664 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $999.00, for a total value of $4,659,336.00. Following the completion of the transaction, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $13,106,880. This represents a 26.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 10,063 shares of company stock worth $9,891,214. 0.32% of the stock is owned by insiders.

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.