Personal CFO Solutions LLC Has $915,000 Stock Position in Parker-Hannifin Co. (NYSE:PH)

Personal CFO Solutions LLC trimmed its position in Parker-Hannifin Co. (NYSE:PH) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,439 shares of the industrial products company’s stock after selling 82 shares during the quarter. Personal CFO Solutions LLC’s holdings in Parker-Hannifin were worth $915,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Amundi lifted its stake in shares of Parker-Hannifin by 11.4% in the fourth quarter. Amundi now owns 533,577 shares of the industrial products company’s stock worth $342,290,000 after buying an additional 54,471 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Parker-Hannifin by 1.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,083 shares of the industrial products company’s stock worth $689,000 after buying an additional 16 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Parker-Hannifin by 3.8% in the fourth quarter. Larson Financial Group LLC now owns 7,641 shares of the industrial products company’s stock worth $4,860,000 after buying an additional 277 shares during the last quarter. PCJ Investment Counsel Ltd. lifted its stake in shares of Parker-Hannifin by 10.1% in the fourth quarter. PCJ Investment Counsel Ltd. now owns 7,000 shares of the industrial products company’s stock worth $4,452,000 after buying an additional 640 shares during the last quarter. Finally, Banco Santander S.A. lifted its stake in shares of Parker-Hannifin by 44.6% in the fourth quarter. Banco Santander S.A. now owns 20,940 shares of the industrial products company’s stock worth $13,318,000 after buying an additional 6,462 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

Shares of NYSE:PH opened at $635.57 on Friday. The company has a market capitalization of $81.81 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 2.85 and a beta of 1.50. The firm’s 50 day simple moving average is $664.88 and its 200 day simple moving average is $650.95. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59. Parker-Hannifin Co. has a fifty-two week low of $492.71 and a fifty-two week high of $718.44.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share for the quarter, beating analysts’ consensus estimates of $6.23 by $0.30. Parker-Hannifin had a net margin of 15.87% and a return on equity of 27.34%. As a group, sell-side analysts forecast that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 7th were paid a dividend of $1.63 per share. The ex-dividend date was Friday, February 7th. This represents a $6.52 dividend on an annualized basis and a yield of 1.03%. Parker-Hannifin’s payout ratio is 26.99%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PH shares. Evercore ISI upped their target price on shares of Parker-Hannifin from $777.00 to $824.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. KeyCorp upped their target price on shares of Parker-Hannifin from $775.00 to $790.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Citigroup initiated coverage on shares of Parker-Hannifin in a research note on Friday, February 7th. They set a “buy” rating and a $795.00 target price for the company. Stifel Nicolaus upped their target price on shares of Parker-Hannifin from $689.00 to $691.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Finally, StockNews.com upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, February 8th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $739.06.

Parker-Hannifin 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.