Smartleaf Asset Management LLC Has $827,000 Stock Holdings in Parker-Hannifin Co. (NYSE:PH)

Smartleaf Asset Management LLC lifted its holdings in Parker-Hannifin Co. (NYSE:PH) by 22.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,297 shares of the industrial products company’s stock after buying an additional 237 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Parker-Hannifin were worth $827,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PH. Stephens Inc. AR lifted its position in shares of Parker-Hannifin by 7.1% during the third quarter. Stephens Inc. AR now owns 3,472 shares of the industrial products company’s stock worth $2,194,000 after purchasing an additional 230 shares in the last quarter. Focus Financial Network Inc. lifted its position in shares of Parker-Hannifin by 8.9% during the third quarter. Focus Financial Network Inc. now owns 651 shares of the industrial products company’s stock worth $411,000 after purchasing an additional 53 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Parker-Hannifin by 13.5% during the third quarter. Farther Finance Advisors LLC now owns 1,212 shares of the industrial products company’s stock worth $766,000 after purchasing an additional 144 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Parker-Hannifin by 23.3% during the third quarter. Chicago Partners Investment Group LLC now owns 593 shares of the industrial products company’s stock worth $374,000 after purchasing an additional 112 shares in the last quarter. Finally, Clear Creek Financial Management LLC lifted its position in shares of Parker-Hannifin by 17.1% during the third quarter. Clear Creek Financial Management LLC now owns 857 shares of the industrial products company’s stock worth $542,000 after purchasing an additional 125 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Parker-Hannifin from a “peer perform” rating to an “outperform” rating and set a $786.00 target price on the stock in a research report on Thursday, December 12th. Jefferies Financial Group boosted 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. StockNews.com raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, February 8th. Barclays dropped their price target on shares of Parker-Hannifin from $800.00 to $791.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Finally, KeyCorp boosted their price target on shares of Parker-Hannifin from $775.00 to $790.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and a consensus price target of $739.06.

Parker-Hannifin Stock Down 2.9 %

Shares of NYSE:PH opened at $648.96 on Tuesday. The company has a market capitalization of $83.53 billion, a PE ratio of 26.86, a PEG ratio of 2.85 and a beta of 1.45. Parker-Hannifin Co. has a 52 week low of $492.71 and a 52 week high of $718.44. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.59 and a current ratio of 1.06. The company has a 50 day moving average price of $666.26 and a two-hundred day moving average price of $650.05.

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 net margin of 15.87% and a return on equity of 27.34%. Analysts forecast that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 7th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, February 7th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 26.99%.

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.