Parker-Hannifin Co. (NYSE:PH) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its position in Parker-Hannifin Co. (NYSE:PH) by 752.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,381 shares of the industrial products company’s stock after buying an additional 21,521 shares during the quarter. SG Americas Securities LLC’s holdings in Parker-Hannifin were worth $15,507,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Dupont Capital Management Corp increased its stake in Parker-Hannifin by 11.0% in the 4th quarter. Dupont Capital Management Corp now owns 19,123 shares of the industrial products company’s stock valued at $12,163,000 after buying an additional 1,896 shares during the period. Daymark Wealth Partners LLC increased its stake in Parker-Hannifin by 1.0% in the 4th quarter. Daymark Wealth Partners LLC now owns 24,072 shares of the industrial products company’s stock valued at $15,310,000 after buying an additional 236 shares during the period. Simon Quick Advisors LLC increased its stake in Parker-Hannifin by 11.5% in the 4th quarter. Simon Quick Advisors LLC now owns 593 shares of the industrial products company’s stock valued at $377,000 after buying an additional 61 shares during the period. Red Spruce Capital LLC acquired a new position in Parker-Hannifin in the 4th quarter valued at $341,000. Finally, Howard Capital Management Group LLC acquired a new position in shares of Parker-Hannifin during the 4th quarter worth $23,390,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Price Performance

NYSE:PH opened at $679.86 on Friday. The firm has a market cap of $87.51 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 2.78 and a beta of 1.45. The company has a current ratio of 0.96, a quick ratio of 0.57 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average is $669.12 and its two-hundred day moving average is $622.74. Parker-Hannifin Co. has a 12-month low of $463.16 and a 12-month high of $712.42.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $6.20 earnings per share for the quarter, topping the consensus estimate of $6.14 by $0.06. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.90 billion. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $5.96 EPS. Research analysts expect that Parker-Hannifin Co. will post 26.73 EPS for the current year.

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 7th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.96%. Parker-Hannifin’s payout ratio is currently 29.45%.

Insider Buying and Selling

In related news, VP Thomas C. Gentile sold 2,430 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $701.16, for a total transaction of $1,703,818.80. Following the completion of the sale, the vice president now owns 5,465 shares of the company’s stock, valued at approximately $3,831,839.40. This represents a 30.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Andrew D. Ross sold 4,864 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $706.04, for a total transaction of $3,434,178.56. Following the completion of the sale, the chief operating officer now directly owns 13,120 shares of the company’s stock, valued at $9,263,244.80. This trade represents a 27.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,077 shares of company stock valued at $12,303,829. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PH. Robert W. Baird upped their price target on shares of Parker-Hannifin from $695.00 to $710.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Jefferies Financial Group upped their price target on shares of Parker-Hannifin from $765.00 to $810.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Wells Fargo & Company lowered their price target on shares of Parker-Hannifin from $770.00 to $710.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Stifel Nicolaus cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $691.00 price target on the stock. in a research note on Monday, November 18th. Finally, Argus upped their price target on shares of Parker-Hannifin from $650.00 to $710.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $722.94.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.