Robecosam AG trimmed its position in Parker-Hannifin Corp (NYSE:PH) by 15.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,257 shares of the industrial products company’s stock after selling 18,732 shares during the period. Parker-Hannifin accounts for approximately 1.3% of Robecosam AG’s investment portfolio, making the stock its 17th biggest holding. Robecosam AG owned about 0.08% of Parker-Hannifin worth $20,171,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. San Francisco Sentry Investment Group CA grew its position 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 worth $116,000 after purchasing an additional 337 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in Parker-Hannifin during the 3rd quarter worth about $168,000. SeaCrest Wealth Management LLC acquired a new stake in Parker-Hannifin during the 4th quarter worth about $197,000. Tiedemann Wealth Management LLC grew its position in Parker-Hannifin by 95.6% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 3,050 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 1,491 shares during the period. Finally, HL Financial Services LLC acquired a new stake in Parker-Hannifin during the 3rd quarter worth about $204,000. 81.67% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on the company. Wells Fargo & Co increased their price target on Parker-Hannifin from $205.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Zacks Investment Research raised Parker-Hannifin from a “hold” rating to a “buy” rating and set a $236.00 price target on the stock in a research report on Thursday, January 18th. Buckingham Research reaffirmed a “neutral” rating and set a $210.00 price target on shares of Parker-Hannifin in a research report on Friday, January 19th. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “buy” rating and set a $245.00 price target (up from $218.00) on shares of Parker-Hannifin in a research report on Tuesday, January 16th. Finally, Cowen reaffirmed a “hold” rating and set a $180.00 price target on shares of Parker-Hannifin in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, nine have issued 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.
Shares of Parker-Hannifin Corp (PH) opened at $186.58 on Monday. Parker-Hannifin Corp has a 12-month low of $151.17 and a 12-month high of $212.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.99 and a current ratio of 1.49. The company has a market capitalization of $24,824.19, a PE ratio of 20.85, a PEG ratio of 1.61 and a beta of 1.38.
Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, February 1st. The industrial products company reported $2.15 EPS for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.08. The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Parker-Hannifin had a return on equity of 23.15% and a net margin of 6.54%. The company’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period last year, the firm earned $1.91 EPS. analysts predict that Parker-Hannifin Corp will post 9.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 9th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Thursday, February 8th. Parker-Hannifin’s dividend payout ratio is presently 41.19%.
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Parker-Hannifin Company Profile
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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