Parker-Hannifin Co. (NYSE:PH) Shares Purchased by Mather Group LLC.

Mather Group LLC. raised its stake in Parker-Hannifin Co. (NYSE:PH) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,545 shares of the industrial products company’s stock after acquiring an additional 44 shares during the period. Mather Group LLC.’s holdings in Parker-Hannifin were worth $1,172,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PH. OFI Invest Asset Management bought a new stake in Parker-Hannifin in the 3rd quarter valued at about $25,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Parker-Hannifin in the fourth quarter valued at approximately $26,000. Baystate Wealth Management LLC raised its holdings in shares of Parker-Hannifin by 233.3% during the third quarter. Baystate Wealth Management LLC now owns 70 shares of the industrial products company’s stock valued at $27,000 after buying an additional 49 shares during the last quarter. Oakworth Capital Inc. raised its holdings in shares of Parker-Hannifin by 48.3% during the third quarter. Oakworth Capital Inc. now owns 86 shares of the industrial products company’s stock valued at $33,000 after buying an additional 28 shares during the last quarter. Finally, ORG Partners LLC acquired a new position in shares of Parker-Hannifin during the fourth quarter worth approximately $42,000. 82.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays raised their target price on Parker-Hannifin from $558.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. KeyCorp upped their price objective on shares of Parker-Hannifin from $575.00 to $640.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. TD Cowen raised shares of Parker-Hannifin from an “underperform” rating to a “market perform” rating and raised their target price for the company from $300.00 to $500.00 in a research note on Friday, March 1st. Truist Financial started coverage on shares of Parker-Hannifin in a research note on Thursday, March 14th. They issued a “buy” rating and a $602.00 price target for the company. Finally, Stifel Nicolaus increased their price objective on shares of Parker-Hannifin from $588.00 to $629.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Parker-Hannifin has an average rating of “Moderate Buy” and a consensus target price of $515.38.

Parker-Hannifin Stock Performance

PH opened at $544.91 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.90 and a debt-to-equity ratio of 0.72. The firm has a market cap of $69.97 billion, a PE ratio of 26.98, a P/E/G ratio of 2.03 and a beta of 1.52. The business has a fifty day simple moving average of $544.46 and a 200-day simple moving average of $480.89. Parker-Hannifin Co. has a fifty-two week low of $318.32 and a fifty-two week high of $570.15.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $6.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.26 by $0.89. Parker-Hannifin had a return on equity of 29.91% and a net margin of 13.28%. The business had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same quarter last year, the company posted $4.76 EPS. Parker-Hannifin’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities analysts predict that Parker-Hannifin Co. will post 24.3 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 10th will be paid a $1.63 dividend. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $6.52 dividend on an annualized basis and a yield of 1.20%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 29.31%.

Insider Buying and Selling at Parker-Hannifin

In related news, EVP Mark J. Hart sold 5,197 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $502.94, for a total transaction of $2,613,779.18. Following the transaction, the executive vice president now directly owns 7,063 shares of the company’s stock, valued at $3,552,265.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Parker-Hannifin news, COO Andrew D. Ross sold 3,904 shares of Parker-Hannifin stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $510.16, for a total transaction of $1,991,664.64. Following the completion of the sale, the chief operating officer now owns 13,120 shares of the company’s stock, valued at approximately $6,693,299.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark J. Hart sold 5,197 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $502.94, for a total transaction of $2,613,779.18. Following the completion of the transaction, the executive vice president now directly owns 7,063 shares in the company, valued at $3,552,265.22. The disclosure for this sale can be found here. Insiders have sold a total of 12,079 shares of company stock valued at $6,099,566 in the last three months. 1.03% of the stock is currently owned by company insiders.

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.