Calamos Wealth Management LLC Acquires 22 Shares of Parker-Hannifin Co. (NYSE:PH)

Calamos Wealth Management LLC boosted its position in shares of Parker-Hannifin Co. (NYSE:PH) by 2.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 835 shares of the industrial products company’s stock after purchasing an additional 22 shares during the period. Calamos Wealth Management LLC’s holdings in Parker-Hannifin were worth $531,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. West Branch Capital LLC bought a new position in shares of Parker-Hannifin during the third quarter worth about $25,000. Bangor Savings Bank increased its holdings in shares of Parker-Hannifin by 238.5% in the third quarter. Bangor Savings Bank now owns 44 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 31 shares during the last quarter. Prestige Wealth Management Group LLC raised its holdings in Parker-Hannifin by 83.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 55 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 25 shares during the period. Bank of New Hampshire bought a new stake in Parker-Hannifin in the 4th quarter valued at $35,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Parker-Hannifin in the third quarter valued at about $39,000. Institutional investors own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

PH has been the topic of a number of recent analyst reports. KeyCorp raised their price target on Parker-Hannifin from $775.00 to $790.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Wells Fargo & Company lifted their price target on shares of Parker-Hannifin from $710.00 to $775.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. StockNews.com lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Barclays lowered their target price on Parker-Hannifin from $800.00 to $791.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, TD Cowen raised their price objective on Parker-Hannifin from $520.00 to $575.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $725.06.

Parker-Hannifin Trading Down 0.8 %

Shares of PH stock opened at $690.21 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51. Parker-Hannifin Co. has a 12-month low of $492.71 and a 12-month high of $718.44. The stock has a market capitalization of $88.84 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.90 and a beta of 1.45. The firm’s 50 day moving average is $666.68 and its 200 day moving average is $631.59.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $6.53 EPS for the quarter, topping 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%. Research analysts expect that Parker-Hannifin Co. will post 26.67 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 7th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Friday, February 7th. Parker-Hannifin’s payout ratio is 26.99%.

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.