Pacer Advisors Inc. Grows Position in Parker-Hannifin Co. (NYSE:PH)

Pacer Advisors Inc. grew its stake in Parker-Hannifin Co. (NYSE:PH - Free Report) by 32.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,081 shares of the industrial products company's stock after purchasing an additional 2,734 shares during the quarter. Pacer Advisors Inc.'s holdings in Parker-Hannifin were worth $5,105,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PH. Cetera Advisor Networks LLC raised its position in shares of Parker-Hannifin by 8.1% in the first quarter. Cetera Advisor Networks LLC now owns 1,496 shares of the industrial products company's stock valued at $425,000 after purchasing an additional 112 shares during the period. Panagora Asset Management Inc. grew its stake in shares of Parker-Hannifin by 69.8% in the first quarter. Panagora Asset Management Inc. now owns 3,869 shares of the industrial products company's stock valued at $1,098,000 after acquiring an additional 1,591 shares in the last quarter. Prudential PLC acquired a new position in shares of Parker-Hannifin in the first quarter valued at about $687,000. Moors & Cabot Inc. grew its stake in shares of Parker-Hannifin by 270.8% in the first quarter. Moors & Cabot Inc. now owns 2,718 shares of the industrial products company's stock valued at $771,000 after acquiring an additional 1,985 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Parker-Hannifin by 2.0% in the first quarter. Vanguard Group Inc. now owns 9,849,497 shares of the industrial products company's stock valued at $2,794,892,000 after acquiring an additional 190,889 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Thomas C. Gentile sold 2,978 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $501.72, for a total transaction of $1,494,122.16. Following the completion of the transaction, the vice president now owns 5,465 shares in the company, valued at approximately $2,741,899.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, COO Andrew D. Ross sold 3,904 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $510.16, for a total transaction of $1,991,664.64. Following the completion of the sale, the chief operating officer now owns 13,120 shares of the company's stock, valued at approximately $6,693,299.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Thomas C. Gentile sold 2,978 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $501.72, for a total transaction of $1,494,122.16. Following the sale, the vice president now directly owns 5,465 shares of the company's stock, valued at approximately $2,741,899.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,079 shares of company stock worth $6,099,566. 1.03% of the stock is currently owned by insiders.

Parker-Hannifin Trading Down 0.4 %

NYSE PH traded down $2.26 during trading hours on Friday, reaching $555.79. The company's stock had a trading volume of 608,035 shares, compared to its average volume of 556,799. The firm has a fifty day simple moving average of $520.29 and a 200-day simple moving average of $454.40. The stock has a market cap of $71.37 billion, a P/E ratio of 27.51, a P/E/G ratio of 2.06 and a beta of 1.52. Parker-Hannifin Co. has a 52 week low of $308.26 and a 52 week high of $561.13. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.90 and a quick ratio of 0.49.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $6.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.26 by $0.89. Parker-Hannifin had a net margin of 13.28% and a return on equity of 29.91%. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same quarter last year, the business earned $4.76 EPS. The company's revenue was up 3.1% compared to the same quarter last year. Equities analysts forecast that Parker-Hannifin Co. will post 24.2 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were issued a dividend of $1.48 per share. The ex-dividend date was Thursday, February 8th. This represents a $5.92 annualized dividend and a yield of 1.07%. Parker-Hannifin's payout ratio is 29.31%.

Wall Street Analyst Weigh In

PH has been the topic of several research reports. KeyCorp upped their price target on shares of Parker-Hannifin from $500.00 to $575.00 and gave the company an "overweight" rating in a research note on Friday, February 2nd. Truist Financial assumed coverage on shares of Parker-Hannifin in a research note on Thursday, March 14th. They set a "buy" rating and a $602.00 price objective on the stock. Wolfe Research reiterated a "peer perform" rating on shares of Parker-Hannifin in a research note on Monday, December 11th. Stifel Nicolaus reiterated a "buy" rating and set a $588.00 price objective on shares of Parker-Hannifin in a research note on Tuesday, March 5th. Finally, Evercore ISI increased their price objective on shares of Parker-Hannifin from $505.00 to $590.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 20th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $504.56.

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.