Doliver Advisors LP Increases Stock Position in Parker-Hannifin Co. (NYSE:PH)

Doliver Advisors LP grew its stake in Parker-Hannifin Co. (NYSE:PH) by 253.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,851 shares of the industrial products company’s stock after acquiring an additional 1,328 shares during the period. Doliver Advisors LP’s holdings in Parker-Hannifin were worth $1,177,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC grew its holdings in shares of Parker-Hannifin by 20.2% in the second quarter. Private Advisor Group LLC now owns 5,277 shares of the industrial products company’s stock valued at $2,669,000 after purchasing an additional 885 shares in the last quarter. Savant Capital LLC increased its position 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 worth $1,481,000 after acquiring an additional 257 shares during the period. Wakefield Asset Management LLLP boosted its holdings in Parker-Hannifin by 5.3% in the second quarter. Wakefield Asset Management LLLP now owns 660 shares of the industrial products company’s stock valued at $334,000 after purchasing an additional 33 shares during the period. Chicago Capital LLC grew its stake in Parker-Hannifin by 25.3% during the 2nd quarter. Chicago Capital LLC now owns 1,045 shares of the industrial products company’s stock worth $529,000 after purchasing an additional 211 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in Parker-Hannifin by 5.7% during the 2nd quarter. SRS Capital Advisors Inc. now owns 1,209 shares of the industrial products company’s stock worth $612,000 after purchasing an additional 65 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Stock Performance

Shares of PH traded up $0.66 during mid-day trading on Monday, hitting $638.34. 329,398 shares of the company’s stock were exchanged, compared to its average volume of 419,591. The firm has a market capitalization of $82.17 billion, a P/E ratio of 28.83, a P/E/G ratio of 2.71 and a beta of 1.45. Parker-Hannifin Co. has a fifty-two week low of $449.89 and a fifty-two week high of $712.42. The business’s 50 day moving average is $672.41 and its two-hundred day moving average is $610.25. The company has a current ratio of 0.96, a quick ratio of 0.57 and a debt-to-equity ratio of 0.52.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, October 31st. The industrial products company reported $6.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.14 by $0.06. Parker-Hannifin had a return on equity of 27.95% and a net margin of 14.47%. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the company posted $5.96 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities analysts expect that Parker-Hannifin Co. will post 26.75 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The company 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 1.02%. Parker-Hannifin’s dividend payout ratio is currently 29.45%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. KeyCorp lifted their price objective on Parker-Hannifin from $725.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Barclays increased their price objective on shares of Parker-Hannifin from $703.00 to $800.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Robert W. Baird boosted their target price on shares of Parker-Hannifin from $695.00 to $710.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. StockNews.com upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Finally, Argus upped their price objective on Parker-Hannifin from $650.00 to $710.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $722.94.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Thomas C. Gentile sold 2,430 shares of the business’s stock in a transaction on 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 sale, the vice president now directly owns 5,465 shares in the company, valued at approximately $3,831,839.40. The trade was a 30.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Andrew D. Ross sold 4,864 shares of the 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 18,077 shares of company stock worth $12,303,829 over the last 90 days. Company insiders own 0.39% of the company’s stock.

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.