Teachers Advisors LLC boosted its stake in shares of Parker-Hannifin Corp (NYSE:PH) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,026,295 shares of the industrial products company’s stock after purchasing an additional 3,987 shares during the quarter. Teachers Advisors LLC owned 0.77% of Parker-Hannifin worth $204,828,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA raised its stake in Parker-Hannifin by 139.3% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 579 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 337 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Parker-Hannifin during the 3rd quarter valued at $168,000. SeaCrest Wealth Management LLC acquired a new position in Parker-Hannifin during the 4th quarter valued at $197,000. Ballentine Partners LLC acquired a new position in Parker-Hannifin during the 4th quarter valued at $211,000. Finally, Shelton Capital Management acquired a new position in Parker-Hannifin during the 4th quarter valued at $219,000. Hedge funds and other institutional investors own 81.67% of the company’s stock.
Shares of Parker-Hannifin Corp (NYSE PH) opened at $186.58 on Monday. The stock has a market cap of $24,820.00, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.61 and a beta of 1.37. The company has a quick ratio of 0.99, a current ratio of 1.49 and a debt-to-equity ratio of 0.87. Parker-Hannifin Corp has a fifty-two week low of $151.17 and a fifty-two week high of $212.80.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 9th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Thursday, February 8th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 30.91%.
In other Parker-Hannifin news, Director Joseph Scaminace sold 1,149 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $184.24, for a total value of $211,691.76. Following the sale, the director now owns 14,189 shares of the company’s stock, valued at approximately $2,614,181.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.12% of the company’s stock.
Several research firms recently commented on PH. Citigroup upped their target price on shares of Parker-Hannifin from $195.00 to $220.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Zacks Investment Research cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Robert W. Baird upgraded shares of Parker-Hannifin from a “neutral” rating to an “outperform” rating and set a $203.00 target price for the company in a research note on Thursday. Deutsche Bank upped their target price on shares of Parker-Hannifin to $200.00 and gave the company a “buy” rating in a research note on Monday, November 20th. Finally, Jefferies Group reiterated a “hold” rating and set a $200.00 target price on shares of Parker-Hannifin in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $201.41.
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Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment.
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