Calamos Advisors LLC Boosts Stock Position in Parker-Hannifin Co. (NYSE:PH)

Calamos Advisors LLC raised its holdings in shares of Parker-Hannifin Co. (NYSE:PH) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,668 shares of the industrial products company’s stock after purchasing an additional 216 shares during the quarter. Calamos Advisors LLC’s holdings in Parker-Hannifin were worth $25,866,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Centaurus Financial Inc. lifted its stake in Parker-Hannifin by 8.2% during the 2nd quarter. Centaurus Financial Inc. now owns 302 shares of the industrial products company’s stock valued at $153,000 after acquiring an additional 23 shares during the period. Czech National Bank boosted its holdings in Parker-Hannifin by 6.9% in the third quarter. Czech National Bank now owns 26,185 shares of the industrial products company’s stock valued at $16,544,000 after purchasing an additional 1,691 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Parker-Hannifin by 41.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,306 shares of the industrial products company’s stock valued at $1,457,000 after purchasing an additional 680 shares during the last quarter. Diversified Trust Co lifted its stake in shares of Parker-Hannifin by 11.4% in the third quarter. Diversified Trust Co now owns 978 shares of the industrial products company’s stock valued at $618,000 after purchasing an additional 100 shares during the period. Finally, Smith Anglin Financial LLC acquired a new stake in shares of Parker-Hannifin during the third quarter valued at $236,000. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Stock Performance

Shares of NYSE:PH opened at $696.57 on Tuesday. The firm’s 50 day simple moving average is $666.84 and its 200 day simple moving average is $630.54. The company has a market capitalization of $89.66 billion, a price-to-earnings ratio of 28.83, a P/E/G ratio of 2.90 and a beta of 1.45. Parker-Hannifin Co. has a fifty-two week low of $492.71 and a fifty-two week high of $718.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $6.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.23 by $0.30. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. As a group, sell-side analysts forecast that Parker-Hannifin Co. will post 26.67 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 7th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, February 7th. Parker-Hannifin’s payout ratio is 26.99%.

Insider Transactions at Parker-Hannifin

In other news, VP Thomas C. Gentile sold 2,430 shares of Parker-Hannifin stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $701.16, for a total transaction of $1,703,818.80. Following the completion of the sale, the vice president now owns 5,465 shares of the company’s stock, valued at approximately $3,831,839.40. This trade represents a 30.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Andrew D. Ross sold 4,864 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $706.04, for a total value of $3,434,178.56. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 12,200 shares of company stock valued at $8,595,207 over the last 90 days. 0.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. 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 report on Friday. TD Cowen boosted their price target on shares of Parker-Hannifin from $520.00 to $575.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. Argus lifted their price target on shares of Parker-Hannifin from $650.00 to $710.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Wolfe Research raised shares of Parker-Hannifin from a “peer perform” rating to an “outperform” rating and set a $786.00 price target on the stock in a research report on Thursday, December 12th. Finally, Stifel Nicolaus raised their price objective on Parker-Hannifin from $689.00 to $691.00 and gave the stock a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Parker-Hannifin presently has an average rating of “Moderate Buy” and an average price target of $725.06.

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.