Doliver Advisors LP Purchases 1,328 Shares of Parker-Hannifin Co. (NYSE:PH)

Doliver Advisors LP grew its holdings in Parker-Hannifin Co. (NYSE:PH - Free Report) by 253.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,851 shares of the industrial products company's stock after purchasing an additional 1,328 shares during the quarter. Doliver Advisors LP's holdings in Parker-Hannifin were worth $1,177,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. boosted its stake in Parker-Hannifin by 39.2% during the 3rd quarter. Franklin Resources Inc. now owns 645,516 shares of the industrial products company's stock worth $415,409,000 after acquiring an additional 181,859 shares during the last quarter. Wilkinson Global Asset Management LLC lifted its holdings in shares of Parker-Hannifin by 59.1% during the 3rd quarter. Wilkinson Global Asset Management LLC now owns 39,093 shares of the industrial products company's stock valued at $24,700,000 after purchasing an additional 14,526 shares in the last quarter. Banco Santander S.A. grew its position in shares of Parker-Hannifin by 11.9% in the 3rd quarter. Banco Santander S.A. now owns 14,478 shares of the industrial products company's stock valued at $9,147,000 after purchasing an additional 1,544 shares during the period. Ritholtz Wealth Management increased its stake in Parker-Hannifin by 88.4% during the 3rd quarter. Ritholtz Wealth Management now owns 1,473 shares of the industrial products company's stock worth $931,000 after purchasing an additional 691 shares in the last quarter. Finally, FMR LLC lifted its stake in Parker-Hannifin by 7.1% in the third quarter. FMR LLC now owns 4,116,257 shares of the industrial products company's stock valued at $2,600,733,000 after buying an additional 272,531 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.

Insider Activity at Parker-Hannifin

In related news, VP Joseph R. Leonti sold 5,877 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $631.04, for a total transaction of $3,708,622.08. Following the completion of the sale, the vice president now owns 15,350 shares of the company's stock, valued at $9,686,464. This represents a 27.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Thomas C. Gentile sold 2,430 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $701.16, for a total transaction of $1,703,818.80. Following the completion of the transaction, the vice president now owns 5,465 shares of the company's stock, valued at $3,831,839.40. The trade was a 30.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,077 shares of company stock worth $12,303,829. Corporate insiders own 0.39% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PH shares. Robert W. Baird increased their price objective on shares of Parker-Hannifin from $695.00 to $710.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. TD Cowen lifted their price target on Parker-Hannifin from $520.00 to $575.00 and gave the company a "hold" rating in a research note on Tuesday, November 12th. UBS Group started coverage on Parker-Hannifin in a research report on Wednesday, November 13th. They set a "buy" rating and a $842.00 price objective for the company. Argus lifted their target price on Parker-Hannifin from $650.00 to $710.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Finally, Barclays upped their price target on Parker-Hannifin from $703.00 to $800.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $722.94.

Parker-Hannifin Stock Performance

Shares of PH stock traded up $1.75 during trading on Monday, reaching $639.43. 634,323 shares of the company's stock were exchanged, compared to its average volume of 525,674. The firm's fifty day moving average price is $672.41 and its 200-day moving average price is $610.25. Parker-Hannifin Co. has a twelve month low of $449.89 and a twelve month high of $712.42. The stock has a market capitalization of $82.31 billion, a PE ratio of 28.88, a PEG ratio of 2.71 and a beta of 1.45. The company has a quick ratio of 0.57, a current ratio of 0.96 and a debt-to-equity ratio of 0.52.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $6.20 EPS for the quarter, beating the consensus estimate of $6.14 by $0.06. The firm had revenue of $4.90 billion for 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 company's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $5.96 earnings per share. As a group, sell-side analysts anticipate that Parker-Hannifin Co. will post 26.75 EPS for the current year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were given a $1.63 dividend. The ex-dividend date was Friday, November 8th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.02%. Parker-Hannifin's payout ratio is presently 29.45%.

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.