Parker-Hannifin Corporation $PH Shares Purchased by Ellsworth Advisors LLC

Ellsworth Advisors LLC increased its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 47.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,979 shares of the industrial products company’s stock after buying an additional 633 shares during the quarter. Ellsworth Advisors LLC’s holdings in Parker-Hannifin were worth $1,869,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in PH. Trust Co. of Vermont grew its holdings in Parker-Hannifin by 4.6% in the 4th quarter. Trust Co. of Vermont now owns 1,676 shares of the industrial products company’s stock valued at $1,473,000 after buying an additional 74 shares during the period. Legacy Capital Wealth Partners LLC increased its stake in shares of Parker-Hannifin by 8.0% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,010 shares of the industrial products company’s stock valued at $888,000 after acquiring an additional 75 shares during the last quarter. Warwick Investment Management Inc. purchased a new position in shares of Parker-Hannifin during the 4th quarter worth about $205,000. Lodestone Wealth Management LLC acquired a new stake in shares of Parker-Hannifin in the fourth quarter worth approximately $102,000. Finally, Frank Rimerman Advisors LLC boosted its position in shares of Parker-Hannifin by 1.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 3,818 shares of the industrial products company’s stock worth $3,356,000 after acquiring an additional 47 shares during the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, COO Andrew D. Ross sold 4,664 shares of the business’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 transaction, the chief operating officer owned 13,120 shares in the company, valued at $13,106,880. The trade was a 26.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Berend Bracht sold 1,457 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $946.48, for a total value of $1,379,021.36. Following the sale, the vice president owned 2,580 shares of the company’s stock, valued at $2,441,918.40. This represents a 36.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 10,063 shares of company stock valued at $9,891,214. 0.32% of the stock is owned by company insiders.

Parker-Hannifin Stock Up 3.0%

Shares of Parker-Hannifin stock opened at $921.85 on Thursday. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $1,034.96. The stock has a market cap of $116.36 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 2.88 and a beta of 1.25. The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average price of $952.11 and a 200 day moving average price of $871.56.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, January 29th. The industrial products company reported $7.65 EPS for the quarter, topping 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 quarter in the previous year, the firm earned $6.53 EPS. The business’s revenue was up 9.1% on a year-over-year basis. Equities research analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Robert W. Baird set a $1,050.00 price target on shares of Parker-Hannifin in a research report on Friday, January 30th. Truist Financial set a $1,139.00 price target on shares of Parker-Hannifin in a report on Friday, January 30th. JPMorgan Chase & Co. boosted their price objective on shares of Parker-Hannifin from $1,083.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Stifel Nicolaus upped their price target on Parker-Hannifin from $941.00 to $965.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Parker-Hannifin in a report on Thursday, January 29th. Seventeen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $996.60.

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.