778 Shares in Parker-Hannifin Co. (NYSE:PH) Bought by Boston Financial Mangement LLC

Boston Financial Mangement LLC bought a new position in shares of Parker-Hannifin Co. (NYSE:PH) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 778 shares of the industrial products company’s stock, valued at approximately $495,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PH. Concurrent Investment Advisors LLC lifted its position in Parker-Hannifin by 8.2% during the 4th quarter. Concurrent Investment Advisors LLC now owns 3,262 shares of the industrial products company’s stock worth $2,074,000 after acquiring an additional 247 shares during the period. Bryn Mawr Capital Management LLC lifted its position in Parker-Hannifin by 10.0% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 6,310 shares of the industrial products company’s stock worth $4,013,000 after acquiring an additional 576 shares during the period. Hudson Value Partners LLC lifted its position in Parker-Hannifin by 14.2% during the 4th quarter. Hudson Value Partners LLC now owns 491 shares of the industrial products company’s stock worth $312,000 after acquiring an additional 61 shares during the period. Global Retirement Partners LLC lifted its position in Parker-Hannifin by 1.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,392 shares of the industrial products company’s stock worth $886,000 after acquiring an additional 15 shares during the period. Finally, Wilkinson Global Asset Management LLC lifted its position in Parker-Hannifin by 2.9% during the 4th quarter. Wilkinson Global Asset Management LLC now owns 40,223 shares of the industrial products company’s stock worth $25,583,000 after acquiring an additional 1,130 shares during the period. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Price Performance

Shares of Parker-Hannifin stock opened at $695.82 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. Parker-Hannifin Co. has a twelve month low of $492.71 and a twelve month high of $718.44. The business has a 50-day moving average price of $665.39 and a 200 day moving average price of $643.20. The firm has a market cap of $89.57 billion, a PE ratio of 28.80, a P/E/G ratio of 2.85 and a beta of 1.45.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share for the quarter, beating the consensus estimate of $6.23 by $0.30. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. Sell-side analysts predict that Parker-Hannifin Co. will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 7th will be paid a dividend of $1.63 per share. The ex-dividend date is Friday, February 7th. This represents a $6.52 annualized dividend and a yield of 0.94%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 26.99%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PH shares. Evercore ISI lifted their price target on Parker-Hannifin from $777.00 to $824.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Cowen lifted their price target on Parker-Hannifin from $520.00 to $575.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. Wolfe Research raised Parker-Hannifin from a “peer perform” rating to an “outperform” rating and set a $786.00 price target for the company in a research report on Thursday, December 12th. UBS Group decreased their price objective on Parker-Hannifin from $842.00 to $805.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, KeyCorp boosted their price objective on Parker-Hannifin from $775.00 to $790.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Parker-Hannifin has a consensus rating of “Moderate Buy” and a consensus price target of $739.06.

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.