Parker-Hannifin Co. (NYSE:PH) Shares Acquired by Whittier Trust Co.

Whittier Trust Co. lifted its position in shares of Parker-Hannifin Co. (NYSE:PH) by 13.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,226 shares of the industrial products company’s stock after purchasing an additional 392 shares during the period. Whittier Trust Co.’s holdings in Parker-Hannifin were worth $2,052,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PH. Empowered Funds LLC increased its position in Parker-Hannifin by 13.5% in the 3rd quarter. Empowered Funds LLC now owns 2,499 shares of the industrial products company’s stock valued at $1,579,000 after acquiring an additional 298 shares during the period. Prospera Financial Services Inc increased its position in Parker-Hannifin by 37.0% in the 3rd quarter. Prospera Financial Services Inc now owns 1,347 shares of the industrial products company’s stock valued at $853,000 after acquiring an additional 364 shares during the period. Cornerstone Advisors LLC increased its position in Parker-Hannifin by 5.0% in the 3rd quarter. Cornerstone Advisors LLC now owns 4,200 shares of the industrial products company’s stock valued at $2,654,000 after acquiring an additional 200 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Parker-Hannifin by 3.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 9,771 shares of the industrial products company’s stock valued at $6,174,000 after acquiring an additional 309 shares during the period. Finally, Landscape Capital Management L.L.C. increased its position in Parker-Hannifin by 25.7% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 2,543 shares of the industrial products company’s stock valued at $1,607,000 after acquiring an additional 520 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Price Performance

PH stock opened at $622.79 on Friday. Parker-Hannifin Co. has a 1 year low of $492.71 and a 1 year high of $718.44. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.59 and a current ratio of 1.06. The stock’s 50 day moving average price is $660.60 and its 200 day moving average price is $652.13. The firm has a market cap of $80.17 billion, a P/E ratio of 25.78, a PEG ratio of 2.85 and a beta of 1.50.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.23 by $0.30. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. On average, sell-side analysts expect that Parker-Hannifin Co. will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 7th were issued a $1.63 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $6.52 annualized dividend and a yield of 1.05%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 26.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PH shares. Wolfe Research raised Parker-Hannifin from a “peer perform” rating to an “outperform” rating and set a $786.00 price objective on the stock in a report on Thursday, December 12th. Citigroup started coverage on Parker-Hannifin in a report on Friday, February 7th. They issued a “buy” rating and a $795.00 price objective on the stock. KeyCorp lifted their price objective on Parker-Hannifin from $775.00 to $790.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Barclays lowered their price objective on Parker-Hannifin from $791.00 to $750.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. Finally, Wells Fargo & Company lifted their price objective on Parker-Hannifin from $710.00 to $775.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $736.65.

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.