Parker-Hannifin Corporation $PH Shares Sold by Barden Capital Management Inc.

Barden Capital Management Inc. lessened its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 33.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,083 shares of the industrial products company’s stock after selling 1,051 shares during the period. Parker-Hannifin accounts for approximately 1.5% of Barden Capital Management Inc.’s investment portfolio, making the stock its 24th biggest holding. Barden Capital Management Inc.’s holdings in Parker-Hannifin were worth $1,831,000 as of its most recent SEC filing.

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

Insider Transactions at Parker-Hannifin

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

Parker-Hannifin Stock Down 1.4%

Shares of NYSE:PH opened at $899.19 on Friday. 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. The stock has a market cap of $113.50 billion, a P/E ratio of 32.79, a P/E/G ratio of 2.94 and a beta of 1.23. The firm has a fifty day moving average price of $958.55 and a 200 day moving average price of $861.86.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, January 29th. The industrial products company reported $7.65 EPS for the quarter, beating analysts’ consensus estimates 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 firm earned $6.53 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Sell-side analysts predict 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. Investors of record on Friday, February 6th were given a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, February 6th. Parker-Hannifin’s payout ratio is 26.26%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PH. Stifel Nicolaus increased their target price on shares of Parker-Hannifin from $941.00 to $965.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Robert W. Baird set a $1,050.00 price target on shares of Parker-Hannifin in a research report on Friday, January 30th. Jefferies Financial Group upped their price objective on shares of Parker-Hannifin from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Morgan Stanley lifted their target price on Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 24th. Finally, Wells Fargo & Company boosted their target price on Parker-Hannifin from $1,000.00 to $1,050.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $995.37.

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.