Charles Schwab Trust Co Has $849,000 Stock Holdings in Parker-Hannifin Co. (NYSE:PH)

Charles Schwab Trust Co decreased its position in Parker-Hannifin Co. (NYSE:PH) by 15.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,396 shares of the industrial products company’s stock after selling 250 shares during the quarter. Charles Schwab Trust Co’s holdings in Parker-Hannifin were worth $849,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PH. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Parker-Hannifin by 25.9% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,688 shares of the industrial products company’s stock valued at $1,634,000 after buying an additional 553 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Parker-Hannifin by 2.1% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 7,081 shares of the industrial products company’s stock worth $4,304,000 after acquiring an additional 146 shares in the last quarter. Crestmont Private Wealth LLC raised its stake in Parker-Hannifin by 7.4% in the first quarter. Crestmont Private Wealth LLC now owns 565 shares of the industrial products company’s stock valued at $343,000 after buying an additional 39 shares during the period. Unigestion Holding SA lifted its stake in shares of Parker-Hannifin by 146.6% during the 1st quarter. Unigestion Holding SA now owns 6,049 shares of the industrial products company’s stock worth $3,677,000 after buying an additional 3,596 shares during the last quarter. Finally, Whipplewood Advisors LLC raised its stake in Parker-Hannifin by 166.7% in the 1st quarter. Whipplewood Advisors LLC now owns 104 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 65 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Stifel Nicolaus boosted their price target on Parker-Hannifin from $630.00 to $670.00 and gave the stock a “hold” rating in a report on Monday. Morgan Stanley started coverage on Parker-Hannifin in a research note on Thursday. They issued an “equal weight” rating and a $700.00 price target on the stock. Barclays reduced their price target on shares of Parker-Hannifin from $750.00 to $700.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Evercore ISI lifted their price objective on shares of Parker-Hannifin from $824.00 to $827.00 and gave the stock an “outperform” rating in a report on Monday, May 19th. Finally, KeyCorp lifted their price target on Parker-Hannifin from $690.00 to $735.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $719.71.

Insider Activity

In other Parker-Hannifin news, VP Jay Reidy sold 150 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $620.37, for a total transaction of $93,055.50. Following the sale, the vice president now directly owns 2,083 shares in the company, valued at approximately $1,292,230.71. This trade represents a 6.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.39% of the company’s stock.

Parker-Hannifin Stock Up 0.2%

Shares of NYSE:PH opened at $665.79 on Thursday. Parker-Hannifin Co. has a 12-month low of $488.45 and a 12-month high of $718.44. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51. The stock’s 50-day moving average price is $614.58 and its 200-day moving average price is $646.11. The stock has a market capitalization of $85.07 billion, a P/E ratio of 27.56, a price-to-earnings-growth ratio of 2.85 and a beta of 1.36.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $6.94 EPS for the quarter, beating the consensus estimate of $6.72 by $0.22. The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.99 billion. Parker-Hannifin had a net margin of 15.87% and a return on equity of 27.34%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.51 earnings per share. On average, equities analysts anticipate that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 9th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Friday, May 9th. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.63. Parker-Hannifin’s dividend payout ratio (DPR) is presently 27.72%.

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.