Parker-Hannifin Co. (NYSE:PH) Shares Acquired by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Parker-Hannifin Co. (NYSE:PH - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,553 shares of the industrial products company's stock after acquiring an additional 11,523 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned approximately 0.15% of Parker-Hannifin worth $88,512,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wetzel Investment Advisors Inc. acquired a new stake in shares of Parker-Hannifin in the 4th quarter worth about $26,000. OFI Invest Asset Management acquired a new stake in shares of Parker-Hannifin in the 3rd quarter worth about $25,000. Baystate Wealth Management LLC grew its position in Parker-Hannifin by 233.3% in the 3rd quarter. Baystate Wealth Management LLC now owns 70 shares of the industrial products company's stock valued at $27,000 after buying an additional 49 shares in the last quarter. Oakworth Capital Inc. grew its position in Parker-Hannifin by 48.3% in the 3rd quarter. Oakworth Capital Inc. now owns 86 shares of the industrial products company's stock valued at $33,000 after buying an additional 28 shares in the last quarter. Finally, ORG Partners LLC bought a new position in Parker-Hannifin in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 82.44% of the company's stock.

Insider Buying and Selling

In related news, VP Thomas C. Gentile sold 2,978 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $501.72, for a total value of $1,494,122.16. Following the completion of the sale, the vice president now directly owns 5,465 shares of the company's stock, valued at approximately $2,741,899.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, COO Andrew D. Ross sold 3,904 shares of the firm's stock in a transaction dated Friday, February 2nd. The stock was 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 directly owns 13,120 shares of the company's stock, valued at approximately $6,693,299.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas C. Gentile sold 2,978 shares of the firm's stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $501.72, for a total value 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 12,079 shares of company stock valued at $6,099,566. Corporate insiders own 1.03% of the company's stock.

Parker-Hannifin Trading Up 0.9 %

Parker-Hannifin stock traded up $5.07 during midday trading on Monday, reaching $539.72. The stock had a trading volume of 533,126 shares, compared to its average volume of 587,819. Parker-Hannifin Co. has a twelve month low of $309.89 and a twelve month high of $570.15. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.90 and a quick ratio of 0.49. The firm has a market cap of $69.31 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 1.96 and a beta of 1.52. The firm's fifty day simple moving average is $540.79 and its two-hundred day simple moving average is $474.50.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its earnings results on Thursday, February 1st. The industrial products company reported $6.15 EPS for the quarter, topping the consensus estimate of $5.26 by $0.89. The business had revenue of $4.82 billion during the quarter, compared to analysts' expectations of $4.82 billion. Parker-Hannifin had a return on equity of 29.91% and a net margin of 13.28%. Parker-Hannifin's revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $4.76 earnings per share. Equities analysts anticipate that Parker-Hannifin Co. will post 24.3 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.10%. The ex-dividend date was Thursday, February 8th. Parker-Hannifin's dividend payout ratio is currently 29.31%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PH shares. Stifel Nicolaus increased their target price on shares of Parker-Hannifin from $588.00 to $629.00 and gave the company a "buy" rating in a research report on Wednesday, April 3rd. KeyCorp increased their target price on shares of Parker-Hannifin from $575.00 to $640.00 and gave the company an "overweight" rating in a research report on Thursday, April 11th. The Goldman Sachs Group reiterated a "buy" rating and issued a $551.00 target price on shares of Parker-Hannifin in a research report on Tuesday, January 2nd. Truist Financial began coverage on shares of Parker-Hannifin in a research report on Thursday, March 14th. They issued a "buy" rating and a $602.00 target price for the company. Finally, TD Cowen upgraded shares of Parker-Hannifin from an "underperform" rating to a "market perform" rating and raised their price objective for the company from $300.00 to $500.00 in a research report on Friday, March 1st. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Parker-Hannifin currently has a consensus rating of "Moderate Buy" and a consensus price target of $515.38.

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.

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