Union Bancaire Privee UBP SA Takes Position in Parker-Hannifin Co. (NYSE:PH)

Union Bancaire Privee UBP SA bought a new position in Parker-Hannifin Co. (NYSE:PH) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 53,283 shares of the industrial products company’s stock, valued at approximately $32,781,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its position in Parker-Hannifin by 20.9% in the 4th quarter. Blue Trust Inc. now owns 2,375 shares of the industrial products company’s stock valued at $1,500,000 after acquiring an additional 411 shares in the last quarter. Armbruster Capital Management Inc. lifted its holdings in shares of Parker-Hannifin by 2.0% in the fourth quarter. Armbruster Capital Management Inc. now owns 1,032 shares of the industrial products company’s stock valued at $656,000 after purchasing an additional 20 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of Parker-Hannifin by 75.2% during the fourth quarter. First Citizens Bank & Trust Co. now owns 615 shares of the industrial products company’s stock valued at $391,000 after buying an additional 264 shares during the last quarter. Moody Lynn & Lieberson LLC grew its holdings in Parker-Hannifin by 0.6% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 2,709 shares of the industrial products company’s stock worth $1,723,000 after buying an additional 16 shares in the last quarter. Finally, Stewardship Advisors LLC bought a new stake in Parker-Hannifin during the fourth quarter worth $217,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Down 0.1 %

Shares of NYSE PH opened at $679.25 on Monday. Parker-Hannifin Co. has a 12 month low of $463.16 and a 12 month high of $712.42. The firm has a market capitalization of $87.43 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 2.76 and a beta of 1.45. The company has a current ratio of 0.96, a quick ratio of 0.57 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average of $668.38 and a 200-day moving average of $625.13.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $6.20 earnings per share for the quarter, beating the consensus estimate of $6.14 by $0.06. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. The firm had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the company posted $5.96 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Sell-side analysts expect that Parker-Hannifin Co. will post 26.73 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The company 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 dividend of $1.63 per share. The ex-dividend date is Friday, February 7th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.96%. Parker-Hannifin’s dividend payout ratio is 29.45%.

Insider Buying and Selling

In other Parker-Hannifin news, VP Thomas C. Gentile sold 2,430 shares of Parker-Hannifin stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $701.16, for a total value of $1,703,818.80. Following the transaction, the vice president now directly owns 5,465 shares of the company’s stock, valued at $3,831,839.40. The trade was a 30.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Andrew D. Ross sold 4,864 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $706.04, for a total value of $3,434,178.56. Following the sale, the chief operating officer now directly owns 13,120 shares of the company’s stock, valued at approximately $9,263,244.80. This trade represents a 27.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,077 shares of company stock worth $12,303,829 in the last quarter. 0.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. UBS Group initiated coverage on shares of Parker-Hannifin in a research note on Wednesday, November 13th. They issued a “buy” rating and a $842.00 target price for the company. Jefferies Financial Group boosted their target price on shares of Parker-Hannifin from $765.00 to $810.00 and gave the company a “buy” rating in a research note on Friday, December 6th. StockNews.com upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. KeyCorp upped their price objective on Parker-Hannifin from $725.00 to $775.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, TD Cowen raised their target price on Parker-Hannifin from $520.00 to $575.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $722.81.

Parker-Hannifin 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.