Atomi Financial Group Inc. Purchases 391 Shares of Parker-Hannifin Co. (NYSE:PH)

Atomi Financial Group Inc. lifted its position in shares of Parker-Hannifin Co. (NYSE:PH) by 53.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,125 shares of the industrial products company’s stock after acquiring an additional 391 shares during the quarter. Atomi Financial Group Inc.’s holdings in Parker-Hannifin were worth $715,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Trust Co increased its stake in Parker-Hannifin by 16.6% in the fourth quarter. Charles Schwab Trust Co now owns 1,646 shares of the industrial products company’s stock valued at $1,047,000 after purchasing an additional 234 shares in the last quarter. Aspiriant LLC increased its position in shares of Parker-Hannifin by 8.0% in the 4th quarter. Aspiriant LLC now owns 485 shares of the industrial products company’s stock valued at $308,000 after buying an additional 36 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Parker-Hannifin by 7.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 19,258 shares of the industrial products company’s stock worth $12,249,000 after buying an additional 1,315 shares during the period. Ballentine Partners LLC lifted its holdings in Parker-Hannifin by 5.9% during the fourth quarter. Ballentine Partners LLC now owns 1,587 shares of the industrial products company’s stock worth $1,009,000 after acquiring an additional 89 shares in the last quarter. Finally, Strong Tower Advisory Services grew its stake in Parker-Hannifin by 0.8% in the fourth quarter. Strong Tower Advisory Services now owns 4,900 shares of the industrial products company’s stock valued at $3,117,000 after acquiring an additional 40 shares during the period. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of NYSE PH opened at $679.86 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.57 and a debt-to-equity ratio of 0.52. Parker-Hannifin Co. has a 12 month low of $463.16 and a 12 month high of $712.42. The stock has a 50 day moving average of $669.12 and a 200-day moving average of $622.74. The company has a market capitalization of $87.51 billion, a P/E ratio of 30.71, a P/E/G ratio of 2.78 and a beta of 1.45.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, October 31st. The industrial products company reported $6.20 EPS for the quarter, topping the consensus estimate of $6.14 by $0.06. Parker-Hannifin had a return on equity of 27.95% and a net margin of 14.47%. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the company posted $5.96 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities research analysts predict that Parker-Hannifin Co. will post 26.73 EPS for the current year.

Parker-Hannifin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 7th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.96%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 29.45%.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Joseph R. Leonti sold 5,877 shares of Parker-Hannifin stock in a transaction on Friday, November 1st. The stock was sold at an average price of $631.04, for a total value of $3,708,622.08. Following the completion of the transaction, the vice president now directly owns 15,350 shares of the company’s stock, valued at $9,686,464. The trade was a 27.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas C. Gentile sold 2,430 shares of Parker-Hannifin stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $701.16, for a total value of $1,703,818.80. Following the completion of the transaction, the vice president now directly owns 5,465 shares of the company’s stock, valued at $3,831,839.40. This represents a 30.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,077 shares of company stock worth $12,303,829 in the last ninety days. 0.39% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on PH shares. KeyCorp increased their target price on Parker-Hannifin from $725.00 to $775.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Robert W. Baird boosted their price objective on shares of Parker-Hannifin from $695.00 to $710.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. StockNews.com upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Barclays upped their price objective on Parker-Hannifin from $703.00 to $800.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, TD Cowen lifted their target price on Parker-Hannifin from $520.00 to $575.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Parker-Hannifin has a consensus rating of “Moderate Buy” and a consensus price target of $722.94.

About Parker-Hannifin

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.