Parker-Hannifin Co. (NYSE:PH) Shares Sold by Raub Brock Capital Management LP

Raub Brock Capital Management LP decreased its stake in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 20.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,201 shares of the industrial products company's stock after selling 12,174 shares during the quarter. Parker-Hannifin makes up 4.5% of Raub Brock Capital Management LP's investment portfolio, making the stock its 4th biggest holding. Raub Brock Capital Management LP's holdings in Parker-Hannifin were worth $21,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. 17 Capital Partners LLC acquired a new position in shares of Parker-Hannifin during the 4th quarter worth about $2,271,000. HMS Capital Management LLC acquired a new position in shares of Parker-Hannifin during the 4th quarter worth about $1,225,000. Patton Fund Management Inc. increased its stake in Parker-Hannifin by 146.3% in the 4th quarter. Patton Fund Management Inc. now owns 13,213 shares of the industrial products company's stock valued at $6,087,000 after purchasing an additional 7,849 shares in the last quarter. Cooper Financial Group increased its stake in Parker-Hannifin by 55.5% in the 4th quarter. Cooper Financial Group now owns 936 shares of the industrial products company's stock valued at $431,000 after purchasing an additional 334 shares in the last quarter. Finally, Comerica Bank increased its stake in Parker-Hannifin by 182.9% in the 3rd quarter. Comerica Bank now owns 73,748 shares of the industrial products company's stock valued at $28,726,000 after purchasing an additional 47,681 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Parker-Hannifin Stock Up 2.0 %

NYSE:PH traded up $11.02 during mid-day trading on Friday, hitting $566.67. The company had a trading volume of 480,897 shares, compared to its average volume of 499,903. The business has a fifty day simple moving average of $530.59 and a 200-day simple moving average of $461.99. The company has a current ratio of 0.90, a quick ratio of 0.49 and a debt-to-equity ratio of 0.72. Parker-Hannifin Co. has a 1 year low of $308.26 and a 1 year high of $570.15. The firm has a market capitalization of $72.77 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 2.08 and a beta of 1.52.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $6.15 EPS for the quarter, beating the consensus estimate of $5.26 by $0.89. Parker-Hannifin had a return on equity of 29.91% and a net margin of 13.28%. The company had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period last year, the company posted $4.76 earnings per share. The firm's revenue was up 3.1% compared to the same quarter last year. Equities analysts forecast that Parker-Hannifin Co. will post 24.25 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Thursday, February 8th. Parker-Hannifin's dividend payout ratio (DPR) is presently 29.31%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PH. TD Cowen upgraded Parker-Hannifin from an "underperform" rating to a "market perform" rating and increased their target price for the company from $300.00 to $500.00 in a report on Friday, March 1st. The Goldman Sachs Group restated a "buy" rating and set a $551.00 price objective on shares of Parker-Hannifin in a report on Tuesday, January 2nd. Wells Fargo & Company raised their price objective on Parker-Hannifin from $450.00 to $510.00 and gave the stock an "overweight" rating in a report on Tuesday, December 19th. Wolfe Research restated a "peer perform" rating on shares of Parker-Hannifin in a report on Monday, December 11th. Finally, Barclays raised their price objective on Parker-Hannifin from $558.00 to $625.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Parker-Hannifin presently has a consensus rating of "Moderate Buy" and a consensus target price of $511.31.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Thomas C. Gentile sold 2,978 shares of Parker-Hannifin stock in a transaction dated 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 $2,741,899.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, VP Thomas C. Gentile sold 2,978 shares of Parker-Hannifin stock in a transaction dated 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 $2,741,899.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark J. Hart sold 5,197 shares of Parker-Hannifin stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $502.94, for a total value of $2,613,779.18. Following the sale, the executive vice president now directly owns 7,063 shares in the company, valued at $3,552,265.22. The disclosure for this sale can be found here. Insiders have sold 12,079 shares of company stock valued at $6,099,566 over the last three months. 1.03% of the stock is owned by company 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.