900 Shares in Parker-Hannifin Co. (NYSE:PH) Bought by Buckley Wealth Management LLC

Buckley Wealth Management LLC bought a new stake in Parker-Hannifin Co. (NYSE:PH) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 900 shares of the industrial products company’s stock, valued at approximately $569,000.

Other hedge funds have also recently made changes to their positions in the company. Banque Cantonale Vaudoise increased its position in Parker-Hannifin by 89.7% during the 1st quarter. Banque Cantonale Vaudoise now owns 772 shares of the industrial products company’s stock valued at $429,000 after purchasing an additional 365 shares during the period. International Assets Investment Management LLC raised its stake in Parker-Hannifin by 11.5% during the first quarter. International Assets Investment Management LLC now owns 532 shares of the industrial products company’s stock worth $293,000 after buying an additional 55 shares during the last quarter. Ballentine Partners LLC lifted its holdings in Parker-Hannifin by 14.5% in the first quarter. Ballentine Partners LLC now owns 1,363 shares of the industrial products company’s stock valued at $758,000 after buying an additional 173 shares during the period. Game Plan Financial Advisors LLC bought a new stake in Parker-Hannifin during the first quarter valued at $42,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Parker-Hannifin during the 1st quarter worth about $31,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Parker-Hannifin news, Director Joseph Scaminace sold 1,751 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $589.73, for a total value of $1,032,617.23. Following the completion of the transaction, the director now directly owns 3,900 shares of the company’s stock, valued at $2,299,947. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Parker-Hannifin news, VP Berend Bracht sold 850 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $592.92, for a total value of $503,982.00. Following the completion of the sale, the vice president now directly owns 3,350 shares of the company’s stock, valued at $1,986,282. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph Scaminace sold 1,751 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $589.73, for a total value of $1,032,617.23. Following the completion of the sale, the director now directly owns 3,900 shares of the company’s stock, valued at approximately $2,299,947. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.03% of the company’s stock.

Parker-Hannifin Stock Up 0.1 %

PH stock traded up $0.60 during trading on Friday, reaching $640.44. The stock had a trading volume of 612,423 shares, compared to its average volume of 638,305. Parker-Hannifin Co. has a one year low of $362.49 and a one year high of $646.60. The company’s 50 day moving average is $606.31 and its two-hundred day moving average is $559.95. The company has a market capitalization of $82.32 billion, a price-to-earnings ratio of 30.18, a P/E/G ratio of 2.61 and a beta of 1.43. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 0.59.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, August 8th. The industrial products company reported $6.77 earnings per share for the quarter, topping analysts’ consensus estimates of $6.22 by $0.55. Parker-Hannifin had a net margin of 14.27% and a return on equity of 29.08%. The company had revenue of $5.19 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the previous year, the firm earned $6.08 EPS. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. Equities research analysts forecast that Parker-Hannifin Co. will post 26.64 EPS for the current year.

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 28th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Wednesday, August 28th. Parker-Hannifin’s dividend payout ratio is currently 30.73%.

Analysts Set New Price Targets

PH has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on Parker-Hannifin from $595.00 to $645.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Robert W. Baird raised their price objective on shares of Parker-Hannifin from $622.00 to $654.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Barclays lifted their price objective on shares of Parker-Hannifin from $650.00 to $703.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. KeyCorp increased their target price on shares of Parker-Hannifin from $640.00 to $725.00 and gave the stock an “overweight” rating in a research note on Monday, October 14th. Finally, Evercore ISI lifted their price target on shares of Parker-Hannifin from $620.00 to $656.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $660.57.

Parker-Hannifin 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.