349 Shares in Parker-Hannifin Co. (NYSE:PH) Bought by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI bought a new stake in Parker-Hannifin Co. (NYSE:PH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 349 shares of the industrial products company’s stock, valued at approximately $222,000.

Other hedge funds also recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in shares of Parker-Hannifin during the 4th quarter valued at $83,000. Franklin Street Advisors Inc. NC raised its holdings in Parker-Hannifin by 1.2% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 17,275 shares of the industrial products company’s stock valued at $10,987,000 after buying an additional 204 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Parker-Hannifin by 0.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,866 shares of the industrial products company’s stock worth $17,606,000 after buying an additional 113 shares during the last quarter. Fortitude Family Office LLC increased its holdings in shares of Parker-Hannifin by 40.7% during the 4th quarter. Fortitude Family Office LLC now owns 204 shares of the industrial products company’s stock valued at $130,000 after acquiring an additional 59 shares during the last quarter. Finally, Legacy Private Trust Co. raised its stake in shares of Parker-Hannifin by 21.1% in the 4th quarter. Legacy Private Trust Co. now owns 5,919 shares of the industrial products company’s stock valued at $3,765,000 after acquiring an additional 1,033 shares in the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Parker-Hannifin news, COO Andrew D. Ross sold 4,864 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 13,120 shares in the company, valued at $9,263,244.80. The trade was a 27.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Joseph R. Leonti sold 5,877 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $631.04, for a total transaction of $3,708,622.08. Following the sale, the vice president now directly owns 15,350 shares in the company, valued at $9,686,464. This represents a 27.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,077 shares of company stock worth $12,303,829 in the last 90 days. 0.39% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on PH shares. Argus increased their price target on Parker-Hannifin from $650.00 to $710.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. TD Cowen lifted their target price on shares of Parker-Hannifin from $520.00 to $575.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th. StockNews.com upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. KeyCorp lifted their price objective on Parker-Hannifin from $725.00 to $775.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Finally, Mizuho increased their target price on Parker-Hannifin from $665.00 to $715.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $722.94.

Parker-Hannifin Stock Down 1.8 %

Shares of PH stock opened at $630.00 on Friday. Parker-Hannifin Co. has a one year low of $453.18 and a one year high of $712.42. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.57. The stock has a fifty day moving average price of $673.28 and a 200 day moving average price of $613.33. The stock has a market cap of $81.09 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 2.71 and a beta of 1.45.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $6.20 EPS for the quarter, topping analysts’ consensus estimates of $6.14 by $0.06. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.90 billion. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $5.96 EPS. Analysts predict that Parker-Hannifin Co. will post 26.75 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were paid a $1.63 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $6.52 annualized dividend and a dividend yield of 1.03%. Parker-Hannifin’s dividend payout ratio is currently 29.45%.

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.