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

Moss Adams Wealth Advisors LLC grew its holdings in Parker-Hannifin Co. (NYSE:PH) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 598 shares of the industrial products company’s stock after purchasing an additional 46 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Parker-Hannifin were worth $380,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PH. Mercer Global Advisors Inc. ADV lifted its position in Parker-Hannifin by 6.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,391 shares of the industrial products company’s stock worth $5,256,000 after buying an additional 626 shares in the last quarter. Intech Investment Management LLC raised its holdings in Parker-Hannifin by 17.1% during the second quarter. Intech Investment Management LLC now owns 13,251 shares of the industrial products company’s stock worth $6,702,000 after acquiring an additional 1,932 shares in the last quarter. Brighton Jones LLC boosted its position in Parker-Hannifin by 28.6% during the second quarter. Brighton Jones LLC now owns 1,761 shares of the industrial products company’s stock valued at $891,000 after purchasing an additional 392 shares during the last quarter. Ieq Capital LLC grew its stake in Parker-Hannifin by 29.6% in the second quarter. Ieq Capital LLC now owns 8,092 shares of the industrial products company’s stock valued at $4,093,000 after purchasing an additional 1,848 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Parker-Hannifin by 20.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,268 shares of the industrial products company’s stock worth $1,653,000 after purchasing an additional 556 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

Shares of NYSE PH opened at $670.75 on Friday. Parker-Hannifin Co. has a one year low of $458.09 and a one year high of $712.42. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.57. The firm has a market cap of $86.34 billion, a price-to-earnings ratio of 30.30, a P/E/G ratio of 2.54 and a beta of 1.45. The stock’s fifty day moving average price is $670.95 and its two-hundred day moving average price is $618.53.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $6.20 EPS for the quarter, beating the consensus estimate of $6.14 by $0.06. The business had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.90 billion. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. Parker-Hannifin’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $5.96 earnings per share. On average, equities 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 paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, November 8th. Parker-Hannifin’s dividend payout ratio (DPR) is currently 29.45%.

Insider Buying and Selling

In related news, COO Andrew D. Ross sold 4,864 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $706.04, for a total transaction of $3,434,178.56. Following the completion of the sale, the chief operating officer now owns 13,120 shares of the company’s stock, valued at $9,263,244.80. This represents a 27.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 shares were sold at an average price of $701.16, for a total transaction of $1,703,818.80. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,077 shares of company stock valued at $12,303,829 over the last 90 days. 0.39% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wolfe Research raised Parker-Hannifin from a “peer perform” rating to an “outperform” rating and set a $786.00 price objective for the company in a report on Thursday, December 12th. Robert W. Baird lifted their price objective on shares of Parker-Hannifin from $695.00 to $710.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Barclays upped their target price on shares of Parker-Hannifin from $703.00 to $800.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Stifel Nicolaus cut Parker-Hannifin from a “buy” rating to a “hold” rating and set a $691.00 price target for the company. in a report on Monday, November 18th. Finally, UBS Group began coverage on Parker-Hannifin in a research note on Wednesday, November 13th. They issued a “buy” rating and a $842.00 price objective on the stock. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and a consensus price target 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.