One Wealth Capital Management LLC Acquires Shares of 626 Parker-Hannifin Co. (NYSE:PH)

One Wealth Capital Management LLC bought a new position in shares of Parker-Hannifin Co. (NYSE:PH) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 626 shares of the industrial products company’s stock, valued at approximately $398,000.

Several other large investors also recently modified their holdings of the business. Private Advisor Group LLC lifted its holdings in Parker-Hannifin by 20.2% in the 2nd quarter. Private Advisor Group LLC now owns 5,277 shares of the industrial products company’s stock worth $2,669,000 after buying an additional 885 shares during the period. Savant Capital LLC raised its holdings in shares of Parker-Hannifin by 9.6% during the second quarter. Savant Capital LLC now owns 2,928 shares of the industrial products company’s stock valued at $1,481,000 after acquiring an additional 257 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Parker-Hannifin by 101.0% in the second quarter. Acadian Asset Management LLC now owns 6,742 shares of the industrial products company’s stock worth $3,406,000 after acquiring an additional 3,388 shares during the period. Caprock Group LLC boosted its holdings in Parker-Hannifin by 87.6% in the second quarter. Caprock Group LLC now owns 2,986 shares of the industrial products company’s stock valued at $1,510,000 after acquiring an additional 1,394 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in Parker-Hannifin by 2.1% during the 2nd quarter. Ballentine Partners LLC now owns 1,392 shares of the industrial products company’s stock valued at $704,000 after purchasing an additional 29 shares during the period. 82.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Thomas C. Gentile sold 2,430 shares of the company’s stock in a transaction 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Joseph R. Leonti sold 5,877 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $631.04, for a total transaction of $3,708,622.08. Following the completion of the sale, the vice president now owns 15,350 shares of the company’s stock, valued at approximately $9,686,464. This represents a 27.69 % 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 three months. 0.39% of the stock is owned by company insiders.

Parker-Hannifin Stock Performance

Parker-Hannifin stock traded down $7.58 during midday trading on Tuesday, hitting $633.42. The stock had a trading volume of 487,574 shares, compared to its average volume of 495,617. Parker-Hannifin Co. has a 52-week low of $449.89 and a 52-week high of $712.42. The company has a current ratio of 0.96, a quick ratio of 0.57 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $81.53 billion, a PE ratio of 28.61, a P/E/G ratio of 2.71 and a beta of 1.45. The firm’s fifty day moving average is $672.73 and its two-hundred day moving average is $611.17.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, October 31st. The industrial products company reported $6.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.14 by $0.06. The firm had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.90 billion. Parker-Hannifin had a return on equity of 27.95% and a net margin of 14.47%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.96 earnings per share. On average, research analysts forecast that Parker-Hannifin Co. 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. Investors of record on Friday, November 8th were issued a dividend of $1.63 per share. The ex-dividend date was Friday, November 8th. This represents a $6.52 annualized dividend and a yield of 1.03%. Parker-Hannifin’s payout ratio is presently 29.45%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PH shares. Barclays lifted their target price on shares of Parker-Hannifin from $703.00 to $800.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Wolfe Research raised Parker-Hannifin from a “peer perform” rating to an “outperform” rating and set a $786.00 target price for the company in a research report on Thursday, December 12th. StockNews.com upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Jefferies Financial Group increased their price objective on Parker-Hannifin from $765.00 to $810.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, KeyCorp boosted their target price on shares of Parker-Hannifin from $725.00 to $775.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $722.94.

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.