Parker-Hannifin Co. (NYSE:PH) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 27.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,011 shares of the industrial products company's stock after acquiring an additional 6,630 shares during the period. SG Americas Securities LLC's holdings in Parker-Hannifin were worth $18,850,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PH. Global Retirement Partners LLC increased its holdings in Parker-Hannifin by 1.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,392 shares of the industrial products company's stock valued at $886,000 after acquiring an additional 15 shares in the last quarter. FFT Wealth Management LLC grew its position in shares of Parker-Hannifin by 1.3% in the fourth quarter. FFT Wealth Management LLC now owns 1,150 shares of the industrial products company's stock valued at $732,000 after purchasing an additional 15 shares during the last quarter. GenTrust LLC increased its stake in shares of Parker-Hannifin by 2.9% during the 4th quarter. GenTrust LLC now owns 524 shares of the industrial products company's stock worth $333,000 after purchasing an additional 15 shares in the last quarter. First Manhattan CO. LLC. raised its position in shares of Parker-Hannifin by 1.0% during the 4th quarter. First Manhattan CO. LLC. now owns 1,580 shares of the industrial products company's stock worth $1,005,000 after purchasing an additional 15 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its stake in Parker-Hannifin by 1.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,083 shares of the industrial products company's stock valued at $689,000 after buying an additional 16 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Jay Reidy sold 150 shares of the stock in a transaction dated 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 transaction, the vice president now owns 2,083 shares of the company's stock, valued at approximately $1,292,230.71. This represents a 6.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.39% of the company's stock.

Parker-Hannifin Stock Down 2.0%

Parker-Hannifin stock traded down $13.14 during trading on Friday, reaching $653.73. 682,749 shares of the company's stock were exchanged, compared to its average volume of 707,578. The company's 50-day moving average is $625.79 and its two-hundred day moving average is $644.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.59 and a current ratio of 1.06. Parker-Hannifin Co. has a 52-week low of $488.45 and a 52-week high of $718.44. The firm has a market cap of $83.53 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 2.85 and a beta of 1.34.

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

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 9th were given a dividend of $1.80 per share. This is a boost from Parker-Hannifin's previous quarterly dividend of $1.63. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Friday, May 9th. Parker-Hannifin's payout ratio is presently 27.72%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Parker-Hannifin from $630.00 to $670.00 and gave the company a "hold" rating in a research report on Monday, June 2nd. Argus set a $680.00 price target on Parker-Hannifin in a report on Tuesday, May 6th. Mizuho set a $785.00 price objective on shares of Parker-Hannifin in a report on Friday, May 16th. Morgan Stanley started coverage on shares of Parker-Hannifin in a research report on Thursday, June 5th. They issued an "equal weight" rating and a $700.00 target price on the stock. Finally, KeyCorp boosted their target price on shares of Parker-Hannifin from $690.00 to $735.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Parker-Hannifin has a consensus rating of "Moderate Buy" and an average price target of $719.71.

Parker-Hannifin Profile

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.