75 Shares in Parker-Hannifin Co. (NYSE:PH) Bought by Game Plan Financial Advisors LLC

Game Plan Financial Advisors LLC purchased a new position in shares of Parker-Hannifin Co. (NYSE:PH) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 75 shares of the industrial products company’s stock, valued at approximately $42,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Sachetta LLC purchased a new stake in Parker-Hannifin during the 4th quarter worth $25,000. Wetzel Investment Advisors Inc. purchased a new position in Parker-Hannifin in the 4th quarter valued at about $26,000. First United Bank & Trust purchased a new position in Parker-Hannifin in the 4th quarter valued at about $29,000. Newbridge Financial Services Group Inc. purchased a new position in Parker-Hannifin in the 4th quarter valued at about $30,000. Finally, Rise Advisors LLC purchased a new position in Parker-Hannifin in the 1st quarter valued at about $38,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Price Performance

Shares of NYSE PH traded up $10.28 during mid-day trading on Monday, reaching $514.44. 172,223 shares of the company traded hands, compared to its average volume of 637,770. Parker-Hannifin Co. has a fifty-two week low of $362.49 and a fifty-two week high of $570.15. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.50. The firm has a market cap of $66.13 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 2.03 and a beta of 1.46. The stock has a fifty day simple moving average of $534.48 and a 200-day simple moving average of $513.84.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $6.51 EPS for the quarter, beating analysts’ consensus estimates of $6.10 by $0.41. The business had revenue of $5.07 billion for the quarter, compared to analyst estimates of $5.07 billion. Parker-Hannifin had a net margin of 13.95% and a return on equity of 29.40%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the business earned $5.93 earnings per share. Equities research analysts anticipate that Parker-Hannifin Co. will post 24.84 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 10th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 1.27%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend was Thursday, May 9th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 30.73%.

Insider Buying and Selling

In related news, VP Jay Reidy sold 572 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $536.49, for a total transaction of $306,872.28. Following the completion of the sale, the vice president now directly owns 1,137 shares in the company, valued at $609,989.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Berend Bracht sold 1,079 shares of Parker-Hannifin stock in a transaction on Monday, May 6th. The shares were sold at an average price of $548.85, for a total value of $592,209.15. Following the transaction, the vice president now owns 4,200 shares in the company, valued at approximately $2,305,170. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jay Reidy sold 572 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $536.49, for a total transaction of $306,872.28. Following the completion of the sale, the vice president now owns 1,137 shares in the company, valued at $609,989.13. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on PH shares. Wells Fargo & Company decreased their price objective on shares of Parker-Hannifin from $640.00 to $630.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Mizuho raised shares of Parker-Hannifin from a “neutral” rating to a “buy” rating and increased their price target for the stock from $550.00 to $650.00 in a research report on Tuesday, May 28th. TD Cowen raised shares of Parker-Hannifin from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $300.00 to $500.00 in a research report on Friday, March 1st. Barclays reduced their price target on shares of Parker-Hannifin from $618.00 to $610.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. Finally, Stifel Nicolaus increased their price objective on shares of Parker-Hannifin from $588.00 to $629.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Parker-Hannifin currently has an average rating of “Moderate Buy” and an average target price of $566.33.

Parker-Hannifin 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.