San Francisco Sentry Investment Group CA increased its position in shares of Parker-Hannifin Corp (NYSE:PH) by 139.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 579 shares of the industrial products company’s stock after purchasing an additional 337 shares during the period. San Francisco Sentry Investment Group CA’s holdings in Parker-Hannifin were worth $116,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new position in Parker-Hannifin during the 3rd quarter worth $168,000. SeaCrest Wealth Management LLC bought a new position in Parker-Hannifin during the 4th quarter worth $197,000. Ballentine Partners LLC bought a new position in Parker-Hannifin during the 4th quarter worth $211,000. Shelton Capital Management bought a new position in Parker-Hannifin during the 4th quarter worth $219,000. Finally, NTV Asset Management LLC bought a new position in Parker-Hannifin during the 4th quarter worth $220,000. 78.80% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Corp (NYSE:PH) opened at $180.98 on Tuesday. Parker-Hannifin Corp has a 52 week low of $150.95 and a 52 week high of $212.80. The company has a quick ratio of 0.99, a current ratio of 1.49 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $23,534.95, a price-to-earnings ratio of 19.76, a PEG ratio of 1.53 and a beta of 1.31.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.08. Parker-Hannifin had a return on equity of 23.15% and a net margin of 6.54%. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the company posted $1.91 EPS. The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. sell-side analysts expect that Parker-Hannifin Corp will post 9.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be paid a $0.66 dividend. The ex-dividend date is Thursday, February 8th. This represents a $2.64 annualized dividend and a dividend yield of 1.46%. Parker-Hannifin’s payout ratio is 41.19%.

In related news, VP Andrew D. Ross sold 2,056 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $192.14, for a total transaction of $395,039.84. Following the sale, the vice president now owns 5,207 shares of the company’s stock, valued at approximately $1,000,472.98. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Joseph R. Leonti sold 5,279 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $179.07, for a total value of $945,310.53. Following the sale, the vice president now directly owns 8,032 shares in the company, valued at approximately $1,438,290.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,343 shares of company stock worth $2,982,800. Corporate insiders own 1.12% of the company’s stock.

A number of research firms have commented on PH. Zacks Investment Research lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Citigroup raised their price objective on Parker-Hannifin from $195.00 to $220.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Buckingham Research restated a “neutral” rating and set a $210.00 price objective on shares of Parker-Hannifin in a research note on Friday, January 19th. They noted that the move was a valuation call. Wells Fargo & Co raised their price objective on Parker-Hannifin from $205.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Finally, Stifel Nicolaus restated a “buy” rating and set a $245.00 price objective (up previously from $218.00) on shares of Parker-Hannifin in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. Parker-Hannifin currently has a consensus rating of “Hold” and a consensus price target of $200.83.

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Parker-Hannifin Company Profile

Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment.

Institutional Ownership by Quarter for Parker-Hannifin (NYSE:PH)

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