111 Capital Takes Position in Parker-Hannifin Co. (NYSE:PH)

111 Capital purchased a new position in Parker-Hannifin Co. (NYSE:PH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,048 shares of the industrial products company's stock, valued at approximately $667,000.

Other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC acquired a new position in shares of Parker-Hannifin in the fourth quarter worth about $25,000. Aster Capital Management DIFC Ltd bought a new stake in Parker-Hannifin in the fourth quarter valued at about $25,000. Millstone Evans Group LLC bought a new stake in Parker-Hannifin in the fourth quarter valued at about $30,000. Mpwm Advisory Solutions LLC bought a new stake in Parker-Hannifin in the fourth quarter valued at about $32,000. Finally, Kestra Investment Management LLC bought a new stake in Parker-Hannifin in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Stock Performance

Parker-Hannifin stock traded down $4.20 during mid-day trading on Monday, hitting $660.50. 628,933 shares of the company's stock traded hands, compared to its average volume of 715,786. The firm has a 50 day moving average price of $612.52 and a 200 day moving average price of $645.84. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The company has a market cap of $84.40 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 2.85 and a beta of 1.36. Parker-Hannifin Co. has a one year low of $488.45 and a one year high of $718.44.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $6.94 earnings per share for the quarter, beating the consensus estimate of $6.72 by $0.22. The firm had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.99 billion. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.51 EPS. On average, equities analysts forecast that Parker-Hannifin Co. will post 26.71 EPS for the current year.

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $7.20 annualized dividend and a yield of 1.09%. This is an increase from Parker-Hannifin's previous quarterly dividend of $1.63. Parker-Hannifin's payout ratio is presently 27.72%.

Analyst Ratings Changes

Several analysts recently weighed in on PH shares. Argus set a $680.00 price objective on Parker-Hannifin in a report on Tuesday, May 6th. Wolfe Research lowered Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Wall Street Zen lowered Parker-Hannifin from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Evercore ISI boosted their price objective on Parker-Hannifin from $824.00 to $827.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Finally, Barclays lowered their price objective on Parker-Hannifin from $750.00 to $700.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Parker-Hannifin has an average rating of "Moderate Buy" and a consensus price target of $720.94.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Jay Reidy sold 150 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $620.37, for a total value of $93,055.50. Following the completion of the sale, the vice president now owns 2,083 shares in the company, valued at $1,292,230.71. This represents a 6.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.39% of the stock is owned by company insiders.

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.