OneDigital Investment Advisors LLC Has $894,000 Stock Holdings in Parker-Hannifin Corporation (NYSE:PH)

OneDigital Investment Advisors LLC trimmed its holdings in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 81.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,470 shares of the industrial products company's stock after selling 6,571 shares during the quarter. OneDigital Investment Advisors LLC's holdings in Parker-Hannifin were worth $894,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Calamos Advisors LLC boosted its stake in Parker-Hannifin by 0.4% in the first quarter. Calamos Advisors LLC now owns 40,831 shares of the industrial products company's stock valued at $24,819,000 after acquiring an additional 163 shares during the period. Mutual Advisors LLC boosted its position in shares of Parker-Hannifin by 14.9% during the first quarter. Mutual Advisors LLC now owns 757 shares of the industrial products company's stock worth $453,000 after buying an additional 98 shares during the period. Arlington Trust Co LLC boosted its position in shares of Parker-Hannifin by 22.8% during the first quarter. Arlington Trust Co LLC now owns 797 shares of the industrial products company's stock worth $484,000 after buying an additional 148 shares during the period. Alley Investment Management Company LLC acquired a new position in shares of Parker-Hannifin during the first quarter worth approximately $7,996,000. Finally, FSM Wealth Advisors LLC boosted its position in shares of Parker-Hannifin by 10.3% during the first quarter. FSM Wealth Advisors LLC now owns 651 shares of the industrial products company's stock worth $396,000 after buying an additional 61 shares during the period. 82.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Jay Reidy sold 150 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $620.37, for a total transaction of $93,055.50. Following the sale, the vice president directly owned 2,083 shares of the company's stock, valued at $1,292,230.71. The trade was a 6.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is currently owned by company insiders.

Parker-Hannifin Price Performance

Shares of NYSE PH traded up $0.83 during trading on Friday, hitting $715.13. The company had a trading volume of 340,174 shares, compared to its average volume of 696,218. The business's 50-day moving average is $670.41 and its 200 day moving average is $645.62. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 1.21. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $720.90. The company has a market cap of $91.38 billion, a P/E ratio of 27.54, a PEG ratio of 3.04 and a beta of 1.34.

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 (EPS) for the quarter, beating the consensus estimate of $6.72 by $0.22. Parker-Hannifin had a net margin of 17.14% and a return on equity of 26.80%. The company had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the previous year, the business earned $6.51 EPS. The company's revenue was down 2.2% on a year-over-year basis. Equities research analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 9th were paid a dividend of $1.80 per share. This is an increase from Parker-Hannifin's previous quarterly dividend of $1.63. This represents a $7.20 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, May 9th. Parker-Hannifin's payout ratio is 27.72%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Argus set a $680.00 price objective on Parker-Hannifin in a research report on Tuesday, May 6th. KeyCorp upped their target price on Parker-Hannifin from $690.00 to $735.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Wall Street Zen downgraded Parker-Hannifin from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Citigroup cut their target price on Parker-Hannifin from $795.00 to $665.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Evercore ISI upped their target price on Parker-Hannifin from $824.00 to $827.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Parker-Hannifin currently has an average rating of "Moderate Buy" and an average target price of $726.12.

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.