US Bancorp DE Sells 666 Shares of Parker-Hannifin Co. (NYSE:PH)

US Bancorp DE decreased its position in shares of Parker-Hannifin Co. (NYSE:PH) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,842 shares of the industrial products company’s stock after selling 666 shares during the quarter. US Bancorp DE owned 0.06% of Parker-Hannifin worth $48,874,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Stephens Inc. AR boosted its holdings in shares of Parker-Hannifin by 7.1% in the 3rd quarter. Stephens Inc. AR now owns 3,472 shares of the industrial products company’s stock valued at $2,194,000 after purchasing an additional 230 shares in the last quarter. Principal Securities Inc. boosted its stake in Parker-Hannifin by 27.6% in the third quarter. Principal Securities Inc. now owns 4,956 shares of the industrial products company’s stock valued at $3,132,000 after buying an additional 1,073 shares in the last quarter. Focus Financial Network Inc. grew its position in Parker-Hannifin by 8.9% in the third quarter. Focus Financial Network Inc. now owns 651 shares of the industrial products company’s stock valued at $411,000 after acquiring an additional 53 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in Parker-Hannifin by 1.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,873 shares of the industrial products company’s stock worth $1,183,000 after acquiring an additional 28 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC lifted its holdings in shares of Parker-Hannifin by 1.2% in the third quarter. Gladstone Institutional Advisory LLC now owns 2,973 shares of the industrial products company’s stock worth $1,878,000 after acquiring an additional 35 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $670.07 on Friday. The company has a market capitalization of $86.25 billion, a PE ratio of 27.73, a P/E/G ratio of 2.85 and a beta of 1.45. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. Parker-Hannifin Co. has a twelve month low of $492.71 and a twelve month high of $718.44. The firm has a fifty day simple moving average of $666.19 and a 200 day simple moving average of $649.15.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results 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%. On average, sell-side analysts forecast that Parker-Hannifin Co. will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 7th will be paid a dividend of $1.63 per share. The ex-dividend date is Friday, February 7th. This represents a $6.52 dividend on an annualized basis and a yield of 0.97%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 26.99%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PH shares. Evercore ISI lifted their price target on shares of Parker-Hannifin from $777.00 to $824.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. StockNews.com raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, February 8th. Barclays dropped their price target on Parker-Hannifin from $800.00 to $791.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Jefferies Financial Group boosted their price objective on Parker-Hannifin from $765.00 to $810.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company increased their target price on Parker-Hannifin from $710.00 to $775.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Two equities 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 has a consensus rating of “Moderate Buy” and a consensus price target of $739.06.

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.