Tilia Fiduciary Partners Inc. Grows Stock Holdings in Parker-Hannifin Co. (NYSE:PH)

Tilia Fiduciary Partners Inc. raised its stake in Parker-Hannifin Co. (NYSE:PH) by 0.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,521 shares of the industrial products company’s stock after buying an additional 18 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in Parker-Hannifin were worth $1,603,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. LVM Capital Management Ltd. MI acquired a new position in Parker-Hannifin during the fourth quarter worth $222,000. ORG Wealth Partners LLC purchased a new position in shares of Parker-Hannifin in the fourth quarter valued at $83,000. Franklin Street Advisors Inc. NC boosted its position in shares of Parker-Hannifin by 1.2% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 17,275 shares of the industrial products company’s stock worth $10,987,000 after buying an additional 204 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Parker-Hannifin by 0.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,866 shares of the industrial products company’s stock valued at $17,606,000 after acquiring an additional 113 shares during the last quarter. Finally, Fortitude Family Office LLC increased its holdings in Parker-Hannifin by 40.7% during the 4th quarter. Fortitude Family Office LLC now owns 204 shares of the industrial products company’s stock valued at $130,000 after acquiring an additional 59 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Trading Down 1.8 %

Parker-Hannifin stock traded down $11.50 during midday trading on Friday, reaching $630.00. The stock had a trading volume of 577,124 shares, compared to its average volume of 520,532. The stock’s 50-day simple moving average is $673.38 and its 200 day simple moving average is $612.50. Parker-Hannifin Co. has a twelve month low of $453.18 and a twelve month high of $712.42. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.57 and a current ratio of 0.96. The stock has a market capitalization of $81.09 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 2.71 and a beta of 1.45.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $6.20 earnings per share for the quarter, beating the consensus estimate of $6.14 by $0.06. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.90 billion. Parker-Hannifin had a return on equity of 27.95% and a net margin of 14.47%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $5.96 EPS. Analysts expect that Parker-Hannifin Co. will post 26.75 EPS for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, November 8th. Parker-Hannifin’s payout ratio is currently 29.45%.

Insider Activity

In other news, VP Joseph R. Leonti sold 5,877 shares of Parker-Hannifin stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $631.04, for a total transaction of $3,708,622.08. Following the sale, the vice president now owns 15,350 shares in the company, valued at $9,686,464. This trade represents a 27.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Andrew D. Ross sold 4,864 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $706.04, for a total transaction of $3,434,178.56. Following the completion of the transaction, the chief operating officer now owns 13,120 shares of the company’s stock, valued at $9,263,244.80. This trade represents a 27.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,077 shares of company stock valued at $12,303,829. Company insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PH. Barclays increased their price target on shares of Parker-Hannifin from $703.00 to $800.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Stifel Nicolaus cut Parker-Hannifin from a “buy” rating to a “hold” rating and set a $691.00 target price on the stock. in a report on Monday, November 18th. Robert W. Baird upped their price objective on Parker-Hannifin from $695.00 to $710.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. KeyCorp increased their price objective on Parker-Hannifin from $725.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, TD Cowen boosted their target price on shares of Parker-Hannifin from $520.00 to $575.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $722.94.

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.