Moss Adams Wealth Advisors LLC Buys 46 Shares of Parker-Hannifin Co. (NYSE:PH)

Moss Adams Wealth Advisors LLC boosted its stake in Parker-Hannifin Co. (NYSE:PH) by 8.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 598 shares of the industrial products company’s stock after buying an additional 46 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Parker-Hannifin were worth $380,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Financial Advisors LLC boosted its stake in shares of Parker-Hannifin by 12.6% in the 4th quarter. Financial Advisors LLC now owns 954 shares of the industrial products company’s stock valued at $607,000 after purchasing an additional 107 shares in the last quarter. Astoria Portfolio Advisors LLC. boosted its position in Parker-Hannifin by 1.9% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 1,090 shares of the industrial products company’s stock valued at $706,000 after buying an additional 20 shares in the last quarter. Ameritas Advisory Services LLC grew its stake in Parker-Hannifin by 63.2% during the fourth quarter. Ameritas Advisory Services LLC now owns 2,675 shares of the industrial products company’s stock worth $1,701,000 after buying an additional 1,036 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of Parker-Hannifin by 26.0% during the fourth quarter. HB Wealth Management LLC now owns 4,962 shares of the industrial products company’s stock worth $3,156,000 after buying an additional 1,024 shares in the last quarter. Finally, KRS Capital Management LLC raised its stake in shares of Parker-Hannifin by 2.1% in the fourth quarter. KRS Capital Management LLC now owns 958 shares of the industrial products company’s stock valued at $610,000 after acquiring an additional 20 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Robert W. Baird increased their price target on Parker-Hannifin from $695.00 to $710.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Stifel Nicolaus lowered Parker-Hannifin from a “buy” rating to a “hold” rating and set a $691.00 target price for the company. in a research note on Monday, November 18th. UBS Group assumed coverage on Parker-Hannifin in a report on Wednesday, November 13th. They issued a “buy” rating and a $842.00 price target for the company. Argus increased their price objective on shares of Parker-Hannifin from $650.00 to $710.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, KeyCorp boosted their target price on shares of Parker-Hannifin from $725.00 to $775.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $722.94.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $670.75 on Friday. The firm has a fifty day moving average of $670.95 and a two-hundred day moving average of $618.53. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.57 and a current ratio of 0.96. The stock has a market capitalization of $86.34 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 2.54 and a beta of 1.45. Parker-Hannifin Co. has a 52 week low of $458.09 and a 52 week high of $712.42.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $6.20 EPS for the quarter, beating analysts’ consensus estimates of $6.14 by $0.06. Parker-Hannifin had a return on equity of 27.95% and a net margin of 14.47%. The business had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the company posted $5.96 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts predict that Parker-Hannifin Co. will post 26.75 EPS for the current year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Friday, November 8th. Parker-Hannifin’s payout ratio is 29.45%.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, CEO Jennifer A. Parmentier sold 4,906 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $704.69, for a total value of $3,457,209.14. Following the completion of the transaction, the chief executive officer now directly owns 33,607 shares of the company’s stock, valued at approximately $23,682,516.83. The trade was a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas C. Gentile sold 2,430 shares of the firm’s stock in a transaction dated 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 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. Over the last 90 days, insiders sold 18,077 shares of company stock worth $12,303,829. 0.39% of the stock is currently owned by company insiders.

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.