U.S. Capital Wealth Advisors LLC Sells 3,103 Shares of Parker-Hannifin Co. (NYSE:PH)

U.S. Capital Wealth Advisors LLC lessened its stake in shares of Parker-Hannifin Co. (NYSE:PH) by 41.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,425 shares of the industrial products company’s stock after selling 3,103 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Parker-Hannifin were worth $2,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PH. Wetzel Investment Advisors Inc. bought a new position in shares of Parker-Hannifin in the 4th quarter valued at about $26,000. OFI Invest Asset Management bought a new position in shares of Parker-Hannifin in the 3rd quarter valued at about $25,000. Baystate Wealth Management LLC lifted its holdings in shares of Parker-Hannifin by 233.3% in the 3rd quarter. Baystate Wealth Management LLC now owns 70 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 49 shares during the last quarter. Oakworth Capital Inc. lifted its holdings in shares of Parker-Hannifin by 48.3% in the 3rd quarter. Oakworth Capital Inc. now owns 86 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 28 shares during the last quarter. Finally, ORG Partners LLC bought a new stake in Parker-Hannifin in the fourth quarter worth about $42,000. Institutional investors own 82.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. TD Cowen raised shares of Parker-Hannifin from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $300.00 to $500.00 in a research note on Friday, March 1st. Barclays decreased their price objective on shares of Parker-Hannifin from $625.00 to $618.00 and set an “overweight” rating for the company in a research note on Friday. KeyCorp raised their price objective on shares of Parker-Hannifin from $575.00 to $640.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Mizuho raised their price objective on shares of Parker-Hannifin from $490.00 to $550.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Evercore ISI raised their price objective on shares of Parker-Hannifin from $505.00 to $590.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $523.94.

Parker-Hannifin Stock Up 1.0 %

PH stock traded up $5.50 during trading on Friday, hitting $536.18. 970,079 shares of the company’s stock traded hands, compared to its average volume of 601,506. The firm has a market capitalization of $68.85 billion, a P/E ratio of 25.27, a PEG ratio of 1.93 and a beta of 1.51. The business has a fifty day simple moving average of $544.96 and a two-hundred day simple moving average of $482.63. The company has a quick ratio of 0.49, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. Parker-Hannifin Co. has a 1 year low of $319.14 and a 1 year high of $570.15.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $6.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.10 by $0.41. The company had revenue of $5.07 billion for the quarter, compared to analyst estimates of $5.07 billion. Parker-Hannifin had a net margin of 13.95% and a return on equity of 29.40%. Parker-Hannifin’s revenue was up .3% compared to the same quarter last year. During the same period last year, the company posted $5.93 earnings per share. Sell-side analysts anticipate that Parker-Hannifin Co. will post 24.62 EPS for the current year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 10th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 1.22%. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.48. The ex-dividend date is Thursday, May 9th. Parker-Hannifin’s dividend payout ratio (DPR) is 27.90%.

Parker-Hannifin Company 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.