Financial Planning Hawaii Inc. Invests $593,000 in Parker-Hannifin Corporation $PH

Financial Planning Hawaii Inc. purchased a new position in shares of Parker-Hannifin Corporation (NYSE:PH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 675 shares of the industrial products company’s stock, valued at approximately $593,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Texas Capital Bancshares Inc TX acquired a new position in shares of Parker-Hannifin during the 3rd quarter worth $25,000. Chilton Capital Management LLC acquired a new stake in Parker-Hannifin in the third quarter valued at about $29,000. Ameriflex Group Inc. boosted its stake in Parker-Hannifin by 366.7% in the third quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock valued at $32,000 after buying an additional 33 shares in the last quarter. Morse Asset Management Inc grew its position in Parker-Hannifin by 164.7% in the third quarter. Morse Asset Management Inc now owns 45 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 28 shares during the last quarter. Finally, Valley Wealth Managers Inc. acquired a new position in Parker-Hannifin during the third quarter worth about $36,000. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Stock Down 3.0%

Shares of NYSE PH opened at $861.42 on Tuesday. The company has a 50 day simple moving average of $953.27 and a 200 day simple moving average of $870.26. The firm has a market cap of $108.73 billion, a PE ratio of 31.42, a price-to-earnings-growth ratio of 2.86 and a beta of 1.23. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $1,034.96. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.18 and a quick ratio of 0.66.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, January 29th. The industrial products company reported $7.65 earnings per share (EPS) 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%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $6.53 earnings per share. On average, research analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, CFO Todd M. Leombruno sold 2,062 shares of Parker-Hannifin stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $1,002.34, for a total transaction of $2,066,825.08. Following the transaction, the chief financial officer directly owned 20,610 shares of the company’s stock, valued at approximately $20,658,227.40. The trade was a 9.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Andrew D. Ross sold 4,664 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer owned 13,120 shares in the company, valued at $13,106,880. This trade represents a 26.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,063 shares of company stock worth $9,891,214 over the last 90 days. Company insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

PH has been the subject of a number of research reports. BNP Paribas Exane assumed coverage on shares of Parker-Hannifin in a report on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 target price for the company. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. Wells Fargo & Company increased their price objective on shares of 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, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Parker-Hannifin in a research note on Thursday, January 29th. Seventeen 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, the company has a consensus rating of “Moderate Buy” and an average price target of $1,000.10.

Parker-Hannifin Company 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.