50 Shares in Parker-Hannifin Co. (NYSE:PH) Purchased by Mpwm Advisory Solutions LLC

Mpwm Advisory Solutions LLC purchased a new stake in shares of Parker-Hannifin Co. (NYSE:PH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50 shares of the industrial products company’s stock, valued at approximately $32,000.

Several other large investors have also recently bought and sold shares of PH. Norges Bank acquired a new position in Parker-Hannifin during the fourth quarter valued at approximately $1,106,132,000. Proficio Capital Partners LLC boosted its position in Parker-Hannifin by 116,370.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,140,244 shares of the industrial products company’s stock valued at $725,229,000 after purchasing an additional 1,139,265 shares during the last quarter. Royal Bank of Canada boosted its position in Parker-Hannifin by 99.8% during the fourth quarter. Royal Bank of Canada now owns 2,277,001 shares of the industrial products company’s stock valued at $1,448,241,000 after purchasing an additional 1,137,564 shares during the last quarter. Capital World Investors acquired a new position in Parker-Hannifin during the fourth quarter valued at approximately $418,174,000. Finally, OMERS ADMINISTRATION Corp boosted its position in Parker-Hannifin by 6,912.4% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 312,472 shares of the industrial products company’s stock valued at $198,742,000 after purchasing an additional 308,016 shares during the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on PH shares. Mizuho set a $785.00 price target on Parker-Hannifin in a research report on Friday. Stifel Nicolaus increased their price target on Parker-Hannifin from $564.00 to $630.00 and gave the company a “hold” rating in a research report on Friday, May 2nd. StockNews.com cut Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th. KeyCorp raised their price objective on Parker-Hannifin from $690.00 to $735.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Finally, Truist Financial cut their price objective on Parker-Hannifin from $842.00 to $717.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $718.44.

Insider Transactions at Parker-Hannifin

In related news, VP Jay Reidy sold 150 shares of the business’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $620.37, for a total transaction of $93,055.50. Following the sale, the vice president now owns 2,083 shares in the company, valued at $1,292,230.71. The trade was a 6.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.39% of the stock is owned by insiders.

Parker-Hannifin Price Performance

Parker-Hannifin stock opened at $680.19 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.59 and a current ratio of 1.06. Parker-Hannifin Co. has a 52 week low of $488.45 and a 52 week high of $718.44. The stock has a market capitalization of $86.91 billion, a P/E ratio of 28.15, a price-to-earnings-growth ratio of 2.85 and a beta of 1.36. The stock has a fifty day moving average of $606.46 and a 200-day moving average of $647.87.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $6.94 EPS for the quarter, topping analysts’ consensus estimates of $6.72 by $0.22. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. The company had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the firm earned $6.51 EPS. Parker-Hannifin’s revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts expect that Parker-Hannifin Co. will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 9th will be issued a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.06%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.63. Parker-Hannifin’s payout ratio is 27.72%.

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.