One Wealth Management Investment & Advisory Services LLC Sells 54 Shares of Parker-Hannifin Co. (NYSE:PH)

One Wealth Management Investment & Advisory Services LLC trimmed its position in shares of Parker-Hannifin Co. (NYSE:PH) by 7.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 628 shares of the industrial products company’s stock after selling 54 shares during the period. One Wealth Management Investment & Advisory Services LLC’s holdings in Parker-Hannifin were worth $318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Patron Partners LLC increased its stake in Parker-Hannifin by 14.5% during the second quarter. Patron Partners LLC now owns 630 shares of the industrial products company’s stock valued at $319,000 after acquiring an additional 80 shares during the period. Wakefield Asset Management LLLP increased its stake in Parker-Hannifin by 5.3% during the second quarter. Wakefield Asset Management LLLP now owns 660 shares of the industrial products company’s stock valued at $334,000 after acquiring an additional 33 shares during the period. Savant Capital LLC increased its stake in Parker-Hannifin by 9.6% during the second quarter. Savant Capital LLC now owns 2,928 shares of the industrial products company’s stock valued at $1,481,000 after acquiring an additional 257 shares during the period. Sustainable Insight Capital Management LLC increased its stake in Parker-Hannifin by 58.5% during the second quarter. Sustainable Insight Capital Management LLC now owns 5,300 shares of the industrial products company’s stock valued at $2,681,000 after acquiring an additional 1,957 shares during the period. Finally, Candriam S.C.A. boosted its holdings in Parker-Hannifin by 5.1% during the second quarter. Candriam S.C.A. now owns 70,190 shares of the industrial products company’s stock valued at $35,501,000 after purchasing an additional 3,401 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Trading Down 0.7 %

PH stock traded down $3.89 during trading on Friday, hitting $571.31. The company had a trading volume of 755,196 shares, compared to its average volume of 658,527. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average price of $554.47 and a 200-day moving average price of $542.92. Parker-Hannifin Co. has a 12 month low of $362.49 and a 12 month high of $601.30. The stock has a market cap of $73.47 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 2.44 and a beta of 1.43.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, August 8th. The industrial products company reported $6.77 earnings per share for the quarter, topping the consensus estimate of $6.22 by $0.55. Parker-Hannifin had a net margin of 14.27% and a return on equity of 29.08%. The firm had revenue of $5.19 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter in the previous year, the company posted $6.08 EPS. Parker-Hannifin’s revenue was up 1.8% on a year-over-year basis. As a group, analysts predict that Parker-Hannifin Co. will post 26.61 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Wednesday, August 28th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 1.14%. The ex-dividend date is Wednesday, August 28th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 30.73%.

Insider Buying and Selling

In other Parker-Hannifin news, VP Berend Bracht sold 850 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $592.92, for a total transaction of $503,982.00. Following the completion of the sale, the vice president now owns 3,350 shares in the company, valued at approximately $1,986,282. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Parker-Hannifin news, VP Berend Bracht sold 850 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $592.92, for a total transaction of $503,982.00. Following the completion of the sale, the vice president now owns 3,350 shares in the company, valued at approximately $1,986,282. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Scaminace sold 1,751 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $589.73, for a total transaction of $1,032,617.23. Following the sale, the director now owns 3,900 shares of the company’s stock, valued at approximately $2,299,947. The disclosure for this sale can be found here. 1.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PH has been the topic of a number of recent research reports. Bank of America lifted their price objective on Parker-Hannifin from $600.00 to $650.00 and gave the company a “buy” rating in a report on Friday, May 17th. Robert W. Baird lifted their price objective on Parker-Hannifin from $622.00 to $654.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Mizuho raised Parker-Hannifin from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $550.00 to $650.00 in a report on Tuesday, May 28th. Stifel Nicolaus decreased their price objective on Parker-Hannifin from $629.00 to $613.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Finally, Barclays decreased their price objective on Parker-Hannifin from $618.00 to $610.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $623.00.

About Parker-Hannifin

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.