Silver Oak Securities Incorporated grew its holdings in shares of Parker-Hannifin Co. (NYSE:PH – Free Report) by 5,754.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,288 shares of the industrial products company’s stock after purchasing an additional 1,266 shares during the period. Silver Oak Securities Incorporated’s holdings in Parker-Hannifin were worth $593,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beaumont Asset Management L.L.C. grew its holdings in shares of Parker-Hannifin by 0.8% in the 4th quarter. Beaumont Asset Management L.L.C. now owns 3,071 shares of the industrial products company’s stock worth $1,415,000 after acquiring an additional 24 shares during the period. Wilbanks Smith & Thomas Asset Management LLC grew its holdings in shares of Parker-Hannifin by 0.7% in the 3rd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 3,637 shares of the industrial products company’s stock worth $1,417,000 after acquiring an additional 25 shares during the period. M&R Capital Management Inc. grew its holdings in shares of Parker-Hannifin by 25.0% in the 4th quarter. M&R Capital Management Inc. now owns 125 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 25 shares during the period. Private Trust Co. NA grew its holdings in shares of Parker-Hannifin by 0.7% in the 4th quarter. Private Trust Co. NA now owns 3,755 shares of the industrial products company’s stock worth $1,730,000 after acquiring an additional 25 shares during the period. Finally, Keel Point LLC grew its holdings in shares of Parker-Hannifin by 3.1% in the 4th quarter. Keel Point LLC now owns 842 shares of the industrial products company’s stock worth $388,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.
Insider Activity at Parker-Hannifin
In related news, VP Thomas C. Gentile sold 2,978 shares of Parker-Hannifin stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $501.72, for a total value of $1,494,122.16. Following the transaction, the vice president now owns 5,465 shares in the company, valued at $2,741,899.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Parker-Hannifin news, EVP Mark J. Hart sold 5,197 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $502.94, for a total transaction of $2,613,779.18. Following the transaction, the executive vice president now owns 7,063 shares in the company, valued at $3,552,265.22. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Thomas C. Gentile sold 2,978 shares of Parker-Hannifin stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $501.72, for a total value of $1,494,122.16. Following the sale, the vice president now directly owns 5,465 shares in the company, valued at $2,741,899.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,079 shares of company stock worth $6,099,566. 1.03% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Parker-Hannifin Trading Up 0.1 %
Shares of Parker-Hannifin stock opened at $554.44 on Tuesday. Parker-Hannifin Co. has a fifty-two week low of $318.32 and a fifty-two week high of $570.15. The firm has a market cap of $71.20 billion, a PE ratio of 27.45, a P/E/G ratio of 2.03 and a beta of 1.52. The business’s fifty day moving average is $543.95 and its two-hundred day moving average is $479.82. The company has a quick ratio of 0.49, a current ratio of 0.90 and a debt-to-equity ratio of 0.72.
Parker-Hannifin (NYSE:PH – Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $6.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.26 by $0.89. The company had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.82 billion. Parker-Hannifin had a return on equity of 29.91% and a net margin of 13.28%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.76 EPS. Analysts anticipate that Parker-Hannifin Co. will post 24.3 earnings per share for the current year.
Parker-Hannifin Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 10th will be issued a $1.63 dividend. The ex-dividend date is Thursday, May 9th. This represents a $6.52 dividend on an annualized basis and a yield of 1.18%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.48. Parker-Hannifin’s dividend payout ratio (DPR) is presently 29.31%.
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.
Recommended Stories
- Five stocks we like better than Parker-Hannifin
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- 3 Trend-Following Entries for Income Investors
- Profitably Trade Stocks at 52-Week Highs
- 3 Stocks Mega Investors Are Buying
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Can Disney Stock Triple Before 2030?
Want to see what other hedge funds are holding PH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Parker-Hannifin Co. (NYSE:PH – Free Report).
Receive News & Ratings for Parker-Hannifin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parker-Hannifin and related companies with MarketBeat.com's FREE daily email newsletter.