94 Shares in Parker-Hannifin Co. (NYSE:PH) Purchased by Crews Bank & Trust

Crews Bank & Trust bought a new position in shares of Parker-Hannifin Co. (NYSE:PH) during the 4th quarter, HoldingsChannel reports. The firm bought 94 shares of the industrial products company’s stock, valued at approximately $60,000.

Several other large investors have also modified their holdings of PH. OLD National Bancorp IN lifted its stake in shares of Parker-Hannifin by 6.9% during the 4th quarter. OLD National Bancorp IN now owns 558 shares of the industrial products company’s stock worth $355,000 after purchasing an additional 36 shares during the last quarter. Gries Financial LLC raised its holdings in Parker-Hannifin by 1.6% in the fourth quarter. Gries Financial LLC now owns 3,699 shares of the industrial products company’s stock worth $2,353,000 after purchasing an additional 57 shares in the last quarter. Baader Bank Aktiengesellschaft lifted its position in shares of Parker-Hannifin by 15.2% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 683 shares of the industrial products company’s stock valued at $434,000 after buying an additional 90 shares during the last quarter. Ibex Wealth Advisors bought a new stake in shares of Parker-Hannifin in the 4th quarter valued at about $7,394,000. Finally, Hantz Financial Services Inc. grew its position in shares of Parker-Hannifin by 1.1% in the 4th quarter. Hantz Financial Services Inc. now owns 40,777 shares of the industrial products company’s stock worth $25,935,000 after buying an additional 445 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Up 0.6 %

NYSE:PH opened at $707.91 on Friday. 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’s fifty day moving average price is $666.84 and its 200-day moving average price is $629.60. Parker-Hannifin Co. has a 1-year low of $463.16 and a 1-year high of $718.44. The firm has a market capitalization of $91.12 billion, a P/E ratio of 31.97, a PEG ratio of 2.73 and a beta of 1.45.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share for the quarter, topping the consensus estimate of $6.23 by $0.30. Parker-Hannifin had a return on equity of 27.95% and a net margin of 14.47%. As a group, equities research analysts anticipate that Parker-Hannifin Co. will post 26.73 EPS for the current year.

Parker-Hannifin Dividend Announcement

The business also recently declared 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. This represents a $6.52 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, February 7th. Parker-Hannifin’s payout ratio is presently 29.45%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PH. Stifel Nicolaus increased their target price on shares of Parker-Hannifin from $689.00 to $691.00 and gave the company a “hold” rating in a research report on Friday. UBS Group decreased their price objective on Parker-Hannifin from $842.00 to $805.00 and set a “buy” rating for the company in a report on Friday. Barclays dropped their target price on Parker-Hannifin from $800.00 to $791.00 and set an “overweight” rating on the stock in a research note on Friday. Argus increased their price target on Parker-Hannifin from $650.00 to $710.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Mizuho raised their price target on Parker-Hannifin from $665.00 to $715.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $725.06.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, COO Andrew D. Ross sold 4,864 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 of the company’s stock, valued at approximately $9,263,244.80. This trade represents a 27.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas C. Gentile sold 2,430 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $701.16, for a total value of $1,703,818.80. Following the transaction, the vice president now directly owns 5,465 shares of the company’s stock, valued at approximately $3,831,839.40. The trade was a 30.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,200 shares of company stock valued at $8,595,207 in the last 90 days. 0.39% of the stock is currently owned by company insiders.

About Parker-Hannifin

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.