Keel Point LLC Has $388,000 Holdings in Parker-Hannifin Co. (NYSE:PH)

Keel Point LLC boosted its position in shares of Parker-Hannifin Co. (NYSE:PHFree Report) by 3.1% in the fourth quarter, Holdings Channel reports. The fund owned 842 shares of the industrial products company’s stock after acquiring an additional 25 shares during the period. Keel Point LLC’s holdings in Parker-Hannifin were worth $388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in Parker-Hannifin in the 3rd quarter worth $25,000. Baystate Wealth Management LLC lifted its stake in shares of Parker-Hannifin by 233.3% in the third 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 during the period. DHJJ Financial Advisors Ltd. acquired a new stake in Parker-Hannifin during the third quarter worth about $29,000. First Capital Advisors Group LLC. acquired a new position in Parker-Hannifin in the 2nd quarter valued at approximately $30,000. Finally, Oakworth Capital Inc. lifted its position in shares of Parker-Hannifin by 48.3% in the 3rd quarter. Oakworth Capital Inc. now owns 86 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 28 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. The Goldman Sachs Group restated a “buy” rating and issued a $551.00 target price on shares of Parker-Hannifin in a research note on Tuesday, January 2nd. Evercore ISI raised their price objective on shares of Parker-Hannifin from $505.00 to $590.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Stifel Nicolaus increased their price objective on Parker-Hannifin from $588.00 to $629.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. KeyCorp increased their target price on shares of Parker-Hannifin from $575.00 to $640.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Barclays upped their price objective on shares of Parker-Hannifin from $558.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Parker-Hannifin has an average rating of “Moderate Buy” and an average price target of $515.38.

Check Out Our Latest Research Report on PH

Insider Activity at Parker-Hannifin

In other news, COO Andrew D. Ross sold 3,904 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $510.16, for a total value of $1,991,664.64. Following 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Parker-Hannifin news, COO Andrew D. Ross sold 3,904 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $510.16, for a total value of $1,991,664.64. Following the transaction, the chief operating officer now directly owns 13,120 shares in the company, valued at $6,693,299.20. The transaction was disclosed in a filing with the SEC, which is available 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 transaction of $1,494,122.16. Following the sale, the vice president now 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. Over the last quarter, insiders have sold 12,079 shares of company stock valued at $6,099,566. 1.03% of the stock is owned by insiders.

Parker-Hannifin Trading Up 0.2 %

Shares of NYSE PH opened at $544.21 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.90 and a debt-to-equity ratio of 0.72. Parker-Hannifin Co. has a twelve month low of $309.89 and a twelve month high of $570.15. The company’s fifty day moving average is $539.11 and its 200-day moving average is $470.15. The stock has a market cap of $69.88 billion, a price-to-earnings ratio of 26.94, a P/E/G ratio of 1.99 and a beta of 1.52.

Parker-Hannifin (NYSE:PHGet Free Report) last announced 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. The company had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.82 billion. Parker-Hannifin had a return on equity of 29.91% and a net margin of 13.28%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.76 earnings per share. Equities research analysts predict that Parker-Hannifin Co. will post 24.3 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Thursday, February 8th. Parker-Hannifin’s payout ratio is 29.31%.

About Parker-Hannifin

(Free Report)

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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Institutional Ownership by Quarter for Parker-Hannifin (NYSE:PH)

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