Syon Capital LLC Buys 544 Shares of Parker-Hannifin Corporation $PH

Syon Capital LLC lifted its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 34.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,110 shares of the industrial products company’s stock after purchasing an additional 544 shares during the period. Syon Capital LLC’s holdings in Parker-Hannifin were worth $1,600,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PH. Chilton Capital Management LLC acquired a new stake in Parker-Hannifin in the third quarter valued at $29,000. Valley Wealth Managers Inc. acquired a new position in shares of Parker-Hannifin during the 3rd quarter worth about $36,000. State of Wyoming bought a new stake in shares of Parker-Hannifin in the 2nd quarter valued at about $38,000. Financial Consulate Inc. acquired a new stake in Parker-Hannifin in the 3rd quarter valued at about $47,000. Finally, Sagard Holdings Management Inc. bought a new position in Parker-Hannifin during the second quarter worth about $46,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Activity

In other news, VP Berend Bracht sold 1,457 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $946.48, for a total transaction of $1,379,021.36. Following the transaction, the vice president directly owned 2,580 shares of the company’s stock, valued at approximately $2,441,918.40. This trade represents a 36.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Matthew A. Jacobson sold 564 shares of Parker-Hannifin stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $949.94, for a total transaction of $535,766.16. Following the completion of the sale, the vice president owned 1,000 shares of the company’s stock, valued at approximately $949,940. The trade was a 36.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 12,551 shares of company stock worth $12,117,502. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Performance

PH opened at $996.64 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.18 and a quick ratio of 0.66. The business has a fifty day simple moving average of $928.16 and a 200 day simple moving average of $830.38. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $1,015.00. The company has a market capitalization of $125.80 billion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 3.25 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, January 29th. The industrial products company reported $7.65 earnings per share for the quarter, topping analysts’ consensus estimates of $7.11 by $0.54. The company had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $5.07 billion. Parker-Hannifin had a return on equity of 27.56% and a net margin of 17.29%.The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $6.53 earnings per share. Research analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 6th will be issued a $1.80 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $7.20 dividend on an annualized basis and a yield of 0.7%. Parker-Hannifin’s payout ratio is currently 26.26%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wall Street Zen raised Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. KeyCorp reissued an “overweight” rating and set a $1,100.00 target price on shares of Parker-Hannifin in a report on Friday, January 30th. JPMorgan Chase & Co. increased their price target on Parker-Hannifin from $1,083.00 to $1,100.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Jefferies Financial Group raised their price target on Parker-Hannifin from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, January 30th. Finally, Wells Fargo & Company upped their price objective on shares of Parker-Hannifin from $1,000.00 to $1,050.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Seventeen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $990.47.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.