Integrated Advisors Network LLC Buys 738 Shares of Parker-Hannifin Corporation $PH

Integrated Advisors Network LLC boosted its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 60.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,961 shares of the industrial products company’s stock after acquiring an additional 738 shares during the quarter. Integrated Advisors Network LLC’s holdings in Parker-Hannifin were worth $1,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Berkshire Asset Management LLC PA grew its holdings in shares of Parker-Hannifin by 1.1% in the third quarter. Berkshire Asset Management LLC PA now owns 1,208 shares of the industrial products company’s stock worth $916,000 after purchasing an additional 13 shares during the last quarter. Bridgewater Advisors Inc. grew its holdings in Parker-Hannifin by 2.3% in the 3rd quarter. Bridgewater Advisors Inc. now owns 567 shares of the industrial products company’s stock worth $473,000 after acquiring an additional 13 shares during the last quarter. Fidelis Capital Partners LLC increased its position in shares of Parker-Hannifin by 1.3% in the second quarter. Fidelis Capital Partners LLC now owns 1,071 shares of the industrial products company’s stock valued at $747,000 after acquiring an additional 14 shares during the period. High Net Worth Advisory Group LLC raised its stake in shares of Parker-Hannifin by 0.3% during the third quarter. High Net Worth Advisory Group LLC now owns 4,694 shares of the industrial products company’s stock valued at $3,559,000 after acquiring an additional 14 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Parker-Hannifin by 0.8% during the second quarter. Valeo Financial Advisors LLC now owns 1,833 shares of the industrial products company’s stock valued at $1,280,000 after acquiring an additional 15 shares during the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Down 0.6%

Shares of Parker-Hannifin stock opened at $1,009.11 on Friday. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $1,034.96. The firm has a market cap of $127.37 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 3.25 and a beta of 1.25. The company has a 50-day moving average of $947.29 and a 200 day moving average of $844.59. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.18 and a quick ratio of 0.66.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data 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. Parker-Hannifin had a net margin of 17.29% and a return on equity of 27.56%. The business had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $5.07 billion. During the same quarter in the prior year, the company earned $6.53 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 6th will be paid a dividend of $1.80 per share. The ex-dividend date 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 presently 26.26%.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Matthew A. Jacobson sold 564 shares of Parker-Hannifin stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $949.94, for a total value of $535,766.16. Following the completion of the transaction, the vice president directly 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Andrew D. Ross sold 4,664 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $999.00, for a total transaction of $4,659,336.00. Following the completion of the transaction, the chief operating officer owned 13,120 shares in the company, valued at approximately $13,106,880. This represents a 26.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 12,551 shares of company stock valued at $12,117,502. Company insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PH shares. Susquehanna restated a “positive” rating and set a $1,000.00 price target on shares of Parker-Hannifin in a report on Wednesday, November 12th. BNP Paribas Exane began coverage on Parker-Hannifin in a research note on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 target price on the stock. Robert W. Baird set a $1,050.00 target price on Parker-Hannifin in a report on Friday, January 30th. Morgan Stanley lifted their price target on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Stifel Nicolaus boosted their price objective on shares of Parker-Hannifin from $941.00 to $965.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $995.37.

Parker-Hannifin 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.