Ameritas Advisory Services LLC Buys 1,036 Shares of Parker-Hannifin Co. (NYSE:PH)

Ameritas Advisory Services LLC raised its position in shares of Parker-Hannifin Co. (NYSE:PH) by 63.2% in the fourth quarter, HoldingsChannel reports. The fund owned 2,675 shares of the industrial products company’s stock after acquiring an additional 1,036 shares during the period. Ameritas Advisory Services LLC’s holdings in Parker-Hannifin were worth $1,701,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in PH. HB Wealth Management LLC boosted its stake in Parker-Hannifin by 26.0% in the 4th quarter. HB Wealth Management LLC now owns 4,962 shares of the industrial products company’s stock valued at $3,156,000 after purchasing an additional 1,024 shares during the period. KRS Capital Management LLC lifted its holdings in shares of Parker-Hannifin by 2.1% during the fourth quarter. KRS Capital Management LLC now owns 958 shares of the industrial products company’s stock worth $610,000 after buying an additional 20 shares in the last quarter. Trust Co. of Vermont boosted its position in shares of Parker-Hannifin by 1.7% in the fourth quarter. Trust Co. of Vermont now owns 1,521 shares of the industrial products company’s stock valued at $967,000 after acquiring an additional 25 shares during the period. Shelton Wealth Management LLC grew its stake in shares of Parker-Hannifin by 3.7% in the fourth quarter. Shelton Wealth Management LLC now owns 1,957 shares of the industrial products company’s stock valued at $1,245,000 after acquiring an additional 70 shares in the last quarter. Finally, Premier Path Wealth Partners LLC increased its position in Parker-Hannifin by 1.4% during the fourth quarter. Premier Path Wealth Partners LLC now owns 1,860 shares of the industrial products company’s stock worth $1,183,000 after acquiring an additional 26 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Buying and Selling

In other news, COO Andrew D. Ross sold 4,864 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 13,120 shares in the company, valued at approximately $9,263,244.80. The trade was a 27.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas C. Gentile sold 2,430 shares of the 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 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 disclosure for this sale can be found here. Insiders have sold a total of 18,077 shares of company stock valued at $12,303,829 over the last 90 days. 0.39% of the stock is owned by insiders.

Parker-Hannifin Trading Up 1.8 %

NYSE PH opened at $670.75 on Tuesday. Parker-Hannifin Co. has a twelve month low of $458.09 and a twelve month high of $712.42. The business’s fifty day moving average is $670.95 and its 200 day moving average is $620.05. The company has a quick ratio of 0.57, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. The company has a market cap of $86.34 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 2.54 and a beta of 1.45.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $6.20 earnings per share for the quarter, topping the consensus estimate of $6.14 by $0.06. The company 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 quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $5.96 earnings per share. As a group, sell-side analysts expect that Parker-Hannifin Co. will post 26.75 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.97%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 29.45%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Argus raised their target price on shares of Parker-Hannifin from $650.00 to $710.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Robert W. Baird raised their price objective on Parker-Hannifin from $695.00 to $710.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Wells Fargo & Company dropped their price objective on Parker-Hannifin from $770.00 to $710.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Mizuho increased their target price on Parker-Hannifin from $665.00 to $715.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, UBS Group started coverage on Parker-Hannifin in a research note on Wednesday, November 13th. They issued a “buy” rating and a $842.00 price target for the company. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Parker-Hannifin has an average 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.