Parker-Hannifin Co. (NYSE:PH) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Parker-Hannifin Co. (NYSE:PH) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $722.94.

PH has been the subject of a number of recent research reports. Mizuho boosted their price target on shares of Parker-Hannifin from $665.00 to $715.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. UBS Group assumed coverage on shares of Parker-Hannifin in a research report on Wednesday, November 13th. They set a “buy” rating and a $842.00 target price for the company. StockNews.com upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Argus upped their price objective on Parker-Hannifin from $650.00 to $710.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, TD Cowen raised their target price on Parker-Hannifin from $520.00 to $575.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th.

Parker-Hannifin Stock Performance

PH stock opened at $630.00 on Monday. 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. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.57. The company has a 50 day moving average price of $673.28 and a 200 day moving average price of $614.87. Parker-Hannifin has a fifty-two week low of $453.18 and a fifty-two week high of $712.42.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $6.20 earnings per share (EPS) 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 firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.96 earnings per share. Analysts forecast that Parker-Hannifin will post 26.75 EPS for the current year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were issued 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 dividend payout ratio (DPR) is presently 29.45%.

Insider Transactions at Parker-Hannifin

In other news, COO Andrew D. Ross sold 4,864 shares of Parker-Hannifin stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $706.04, for a total value of $3,434,178.56. Following the sale, the chief operating officer now directly owns 13,120 shares in the company, valued at $9,263,244.80. This trade represents a 27.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas C. Gentile sold 2,430 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $701.16, for a total transaction of $1,703,818.80. Following the completion of the sale, the vice president now directly owns 5,465 shares in the company, valued at approximately $3,831,839.40. This represents a 30.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,077 shares of company stock valued at $12,303,829 over the last quarter. Corporate insiders own 0.39% of the company’s stock.

Institutional Investors Weigh In On Parker-Hannifin

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tilia Fiduciary Partners Inc. grew its holdings in shares of Parker-Hannifin by 0.7% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 2,521 shares of the industrial products company’s stock valued at $1,603,000 after acquiring an additional 18 shares in the last quarter. LVM Capital Management Ltd. MI acquired a new position in Parker-Hannifin during the fourth quarter valued at approximately $222,000. ORG Wealth Partners LLC bought a new position in Parker-Hannifin in the fourth quarter valued at approximately $83,000. Franklin Street Advisors Inc. NC increased its position in shares of Parker-Hannifin by 1.2% during 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 purchasing an additional 204 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Parker-Hannifin by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,866 shares of the industrial products company’s stock worth $17,606,000 after purchasing an additional 113 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

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.