Sentry Investment Management LLC Has $744,000 Stake in Parker-Hannifin Co. (NYSE:PH)

Sentry Investment Management LLC trimmed its stake in Parker-Hannifin Co. (NYSE:PH) by 20.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,170 shares of the industrial products company’s stock after selling 296 shares during the period. Sentry Investment Management LLC’s holdings in Parker-Hannifin were worth $744,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC increased its position in shares of Parker-Hannifin by 1.8% during the 3rd quarter. Private Advisor Group LLC now owns 5,372 shares of the industrial products company’s stock worth $3,394,000 after purchasing an additional 95 shares in the last quarter. Dakota Wealth Management grew its stake in Parker-Hannifin by 6.9% during the third quarter. Dakota Wealth Management now owns 1,088 shares of the industrial products company’s stock worth $687,000 after buying an additional 70 shares during the last quarter. Mediolanum International Funds Ltd increased its holdings in shares of Parker-Hannifin by 15.0% during the third quarter. Mediolanum International Funds Ltd now owns 2,335 shares of the industrial products company’s stock worth $1,475,000 after buying an additional 304 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Parker-Hannifin by 3.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,099 shares of the industrial products company’s stock valued at $8,288,000 after acquiring an additional 395 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Parker-Hannifin by 1.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 27,753 shares of the industrial products company’s stock worth $17,535,000 after acquiring an additional 464 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

PH stock opened at $658.64 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. Parker-Hannifin Co. has a twelve month low of $492.71 and a twelve month high of $718.44. The business’s fifty day moving average is $665.25 and its 200-day moving average is $647.14. The company has a market cap of $84.78 billion, a P/E ratio of 27.26, a price-to-earnings-growth ratio of 2.85 and a beta of 1.45.

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

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 7th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $6.52 annualized dividend and a yield of 0.99%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 26.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Barclays dropped their price target on Parker-Hannifin from $800.00 to $791.00 and set an “overweight” rating for the company in a report on Friday, January 31st. KeyCorp raised their target price on Parker-Hannifin from $775.00 to $790.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. UBS Group reduced their price target on shares of Parker-Hannifin from $842.00 to $805.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Citigroup assumed coverage on shares of Parker-Hannifin in a research report on Friday, February 7th. They issued a “buy” rating and a $795.00 price objective for the company. Finally, Wells Fargo & Company boosted their target price on shares of Parker-Hannifin from $710.00 to $775.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and an average target price of $739.06.

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.