Parker-Hannifin Co. (NYSE:PH) Stock Position Raised by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Parker-Hannifin Co. (NYSE:PH - Free Report) by 27.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,011 shares of the industrial products company's stock after purchasing 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 institutional investors and hedge funds have also recently bought and sold shares of PH. Brighton Jones LLC boosted its holdings in Parker-Hannifin by 5.9% in the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company's stock valued at $1,150,000 after purchasing an additional 101 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Parker-Hannifin during the 4th quarter worth approximately $32,781,000. Kingsview Wealth Management LLC lifted its holdings in Parker-Hannifin by 5.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,896 shares of the industrial products company's stock worth $1,206,000 after buying an additional 97 shares during the last quarter. Empowered Funds LLC lifted its holdings in Parker-Hannifin by 15.2% during the 4th quarter. Empowered Funds LLC now owns 2,879 shares of the industrial products company's stock worth $1,831,000 after buying an additional 380 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in Parker-Hannifin by 16.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 7,982 shares of the industrial products company's stock worth $5,077,000 after buying an additional 1,148 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Wall Street Analyst Weigh In

PH has been the topic of a number of research analyst reports. Stifel Nicolaus increased their target price on Parker-Hannifin from $630.00 to $670.00 and gave the stock a "hold" rating in a report on Monday, June 2nd. KeyCorp increased their target price on Parker-Hannifin from $690.00 to $735.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Citigroup reduced their target price on Parker-Hannifin from $795.00 to $665.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Evercore ISI increased their price target on Parker-Hannifin from $824.00 to $827.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Finally, Wolfe Research cut Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Parker-Hannifin has a consensus rating of "Moderate Buy" and an average price target of $719.71.

Parker-Hannifin Stock Performance

PH traded down $13.14 during trading hours on Friday, hitting $653.73. The company's stock had a trading volume of 682,749 shares, compared to its average volume of 705,108. Parker-Hannifin Co. has a fifty-two week low of $488.45 and a fifty-two week high of $718.44. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $83.53 billion, a PE ratio of 27.06, a PEG ratio of 2.85 and a beta of 1.34. The company has a 50-day simple moving average of $628.39 and a 200 day simple moving average of $644.55.

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

Parker-Hannifin Increases Dividend

The company also recently declared 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 a positive change from Parker-Hannifin's previous quarterly dividend of $1.63. This represents a $7.20 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Friday, May 9th. Parker-Hannifin's dividend payout ratio (DPR) is presently 27.72%.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Jay Reidy sold 150 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $620.37, for a total transaction of $93,055.50. Following the completion of the transaction, the vice president now directly owns 2,083 shares of the company's stock, valued at approximately $1,292,230.71. This trade represents a 6.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by corporate insiders.

Parker-Hannifin Company 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.