Parker-Hannifin Co. (NYSE:PH) Shares Sold by New England Capital Financial Advisors LLC

New England Capital Financial Advisors LLC trimmed its position in Parker-Hannifin Co. (NYSE:PH) by 25.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48 shares of the industrial products company’s stock after selling 16 shares during the quarter. New England Capital Financial Advisors LLC’s holdings in Parker-Hannifin were worth $31,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Private Advisor Group LLC lifted 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 buying an additional 95 shares during the last quarter. Dakota Wealth Management raised its stake in Parker-Hannifin by 6.9% during the 3rd quarter. Dakota Wealth Management now owns 1,088 shares of the industrial products company’s stock worth $687,000 after acquiring an additional 70 shares in the last quarter. Silver Oak Securities Incorporated lifted its position in Parker-Hannifin by 7,972.7% in the third quarter. Silver Oak Securities Incorporated now owns 1,776 shares of the industrial products company’s stock valued at $1,124,000 after acquiring an additional 1,754 shares during the last quarter. Busey Bank boosted its stake in Parker-Hannifin by 4.0% in the third quarter. Busey Bank now owns 605 shares of the industrial products company’s stock valued at $382,000 after acquiring an additional 23 shares in the last quarter. Finally, Ballentine Partners LLC grew its holdings in shares of Parker-Hannifin by 7.6% during the third quarter. Ballentine Partners LLC now owns 1,498 shares of the industrial products company’s stock worth $946,000 after purchasing an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

NYSE PH opened at $667.06 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $665.56 and its two-hundred day moving average is $645.57. The stock has a market capitalization of $85.86 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 2.85 and a beta of 1.45. Parker-Hannifin Co. has a 12-month low of $492.71 and a 12-month high of $718.44.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $6.53 earnings per share for the quarter, topping analysts’ consensus estimates of $6.23 by $0.30. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. Research analysts expect that Parker-Hannifin Co. will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 7th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, February 7th. Parker-Hannifin’s dividend payout ratio (DPR) is 26.99%.

Wall Street Analyst Weigh In

PH has been the subject of several research reports. Jefferies Financial Group boosted their target price on Parker-Hannifin from $765.00 to $810.00 and gave the company a “buy” rating in a report on Friday, December 6th. StockNews.com upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, February 8th. Wells Fargo & Company raised their target price on shares of Parker-Hannifin from $710.00 to $775.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Argus upped their price target on shares of Parker-Hannifin from $650.00 to $710.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, UBS Group decreased their price target on shares of Parker-Hannifin from $842.00 to $805.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $739.06.

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.