Parker-Hannifin Corp (PH) Director Sells $150,178.68 in Stock

Parker-Hannifin Corp (NYSE:PH) Director Candy M. Obourn sold 926 shares of the firm’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $162.18, for a total transaction of $150,178.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NYSE PH opened at $162.09 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.74. The stock has a market cap of $21.45 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 1.52 and a beta of 1.46. Parker-Hannifin Corp has a one year low of $140.82 and a one year high of $193.19.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, January 31st. The industrial products company reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.10. The business had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.45 billion. Parker-Hannifin had a net margin of 9.69% and a return on equity of 25.82%. During the same quarter last year, the firm posted $2.15 EPS. On average, equities research analysts expect that Parker-Hannifin Corp will post 11.65 EPS for the current year.



The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 8th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, February 7th. Parker-Hannifin’s dividend payout ratio (DPR) is 29.17%.

A number of hedge funds and other institutional investors have recently bought and sold shares of PH. First Mercantile Trust Co. grew its position in shares of Parker-Hannifin by 58.3% in the 4th quarter. First Mercantile Trust Co. now owns 190 shares of the industrial products company’s stock worth $28,000 after buying an additional 70 shares during the last quarter. Belpointe Asset Management LLC grew its position in shares of Parker-Hannifin by 1.1% in the 3rd quarter. Belpointe Asset Management LLC now owns 7,087 shares of the industrial products company’s stock worth $1,304,000 after buying an additional 77 shares during the last quarter. CNB Bank grew its position in shares of Parker-Hannifin by 39.3% in the 4th quarter. CNB Bank now owns 273 shares of the industrial products company’s stock worth $41,000 after buying an additional 77 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of Parker-Hannifin by 29.2% in the 4th quarter. Proficio Capital Partners LLC now owns 363 shares of the industrial products company’s stock worth $54,000 after buying an additional 82 shares during the last quarter. Finally, Old North State Trust LLC grew its position in shares of Parker-Hannifin by 46.4% in the 4th quarter. Old North State Trust LLC now owns 281 shares of the industrial products company’s stock worth $41,000 after buying an additional 89 shares during the last quarter. 79.08% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on PH shares. Barclays decreased their price objective on shares of Parker-Hannifin from $180.00 to $173.00 and set an “overweight” rating for the company in a report on Monday, January 7th. Robert W. Baird set a $180.00 price objective on shares of Parker-Hannifin and gave the company a “buy” rating in a report on Saturday, February 2nd. ValuEngine upgraded shares of Parker-Hannifin from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. Stifel Nicolaus lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and decreased their price objective for the company from $181.00 to $171.00 in a report on Friday, February 1st. Finally, Zacks Investment Research lowered shares of Parker-Hannifin from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $181.63.

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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 in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.

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Insider Buying and Selling by Quarter for Parker-Hannifin (NYSE:PH)

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