Adero Partners LLC Buys 60 Shares of Parker-Hannifin Co. (NYSE:PH)

Adero Partners LLC boosted its stake in Parker-Hannifin Co. (NYSE:PH) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 415 shares of the industrial products company’s stock after purchasing an additional 60 shares during the quarter. Adero Partners LLC’s holdings in Parker-Hannifin were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of PH. Czech National Bank boosted its position in shares of Parker-Hannifin by 6.9% during the 3rd quarter. Czech National Bank now owns 26,185 shares of the industrial products company’s stock valued at $16,544,000 after acquiring an additional 1,691 shares during the last quarter. Diversified Trust Co boosted its position in shares of Parker-Hannifin by 11.4% during the 3rd quarter. Diversified Trust Co now owns 978 shares of the industrial products company’s stock valued at $618,000 after acquiring an additional 100 shares during the last quarter. Atomi Financial Group Inc. boosted its position in shares of Parker-Hannifin by 28.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 734 shares of the industrial products company’s stock valued at $464,000 after acquiring an additional 164 shares during the last quarter. Brookstone Capital Management boosted its position in shares of Parker-Hannifin by 16.5% during the 3rd quarter. Brookstone Capital Management now owns 5,294 shares of the industrial products company’s stock valued at $3,345,000 after acquiring an additional 750 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. raised its holdings in shares of Parker-Hannifin by 26.5% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 1,145 shares of the industrial products company’s stock valued at $723,000 after buying an additional 240 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Up 0.4 %

NYSE PH opened at $691.65 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. Parker-Hannifin Co. has a twelve month low of $492.71 and a twelve month high of $718.44. The firm has a market capitalization of $89.03 billion, a PE ratio of 28.63, a P/E/G ratio of 2.90 and a beta of 1.45. The stock’s 50 day moving average is $666.12 and its 200 day moving average is $633.00.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share for the quarter, beating the consensus estimate of $6.23 by $0.30. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. Research analysts forecast that Parker-Hannifin Co. will post 26.67 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 7th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, February 7th. Parker-Hannifin’s dividend payout ratio (DPR) is 26.99%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PH shares. Truist Financial raised their price objective on Parker-Hannifin from $788.00 to $842.00 and gave the company a “buy” rating in a report on Thursday, December 19th. KeyCorp raised their price objective on Parker-Hannifin from $775.00 to $790.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Robert W. Baird raised their price objective on Parker-Hannifin from $695.00 to $710.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus raised their price objective on Parker-Hannifin from $689.00 to $691.00 and gave the company a “hold” rating in a report on Friday, January 31st. Finally, UBS Group decreased their price objective on Parker-Hannifin from $842.00 to $805.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and a consensus target price of $725.06.

About Parker-Hannifin

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.