Fuller & Thaler Asset Management Inc. Sells 2,171 Shares of Parker-Hannifin Co. (NYSE:PH)

Fuller & Thaler Asset Management Inc. lessened its stake in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 9.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,994 shares of the industrial products company's stock after selling 2,171 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Parker-Hannifin were worth $13,989,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PH. Global Retirement Partners LLC grew its stake in Parker-Hannifin by 1.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,392 shares of the industrial products company's stock worth $886,000 after acquiring an additional 15 shares during the period. FFT Wealth Management LLC boosted its position in Parker-Hannifin by 1.3% during the 4th quarter. FFT Wealth Management LLC now owns 1,150 shares of the industrial products company's stock worth $732,000 after purchasing an additional 15 shares during the period. GenTrust LLC boosted its position in Parker-Hannifin by 2.9% during the 4th quarter. GenTrust LLC now owns 524 shares of the industrial products company's stock worth $333,000 after purchasing an additional 15 shares during the period. Grove Bank & Trust boosted its position in Parker-Hannifin by 11.9% during the 4th quarter. Grove Bank & Trust now owns 150 shares of the industrial products company's stock worth $95,000 after purchasing an additional 16 shares during the period. Finally, Moody Lynn & Lieberson LLC lifted its stake in shares of Parker-Hannifin by 0.6% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 2,709 shares of the industrial products company's stock worth $1,723,000 after acquiring an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Parker-Hannifin Price Performance

Shares of NYSE PH traded down $1.02 during mid-day trading on Monday, reaching $597.00. The company had a trading volume of 617,183 shares, compared to its average volume of 715,515. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51. The stock has a market cap of $76.85 billion, a PE ratio of 24.71, a P/E/G ratio of 2.85 and a beta of 1.39. The company has a 50-day moving average price of $607.62 and a two-hundred day moving average price of $646.88. Parker-Hannifin Co. has a 1-year low of $488.45 and a 1-year high of $718.44.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.23 by $0.30. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. On average, equities analysts anticipate that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 9th will be given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.21%. This is a positive change from Parker-Hannifin's previous quarterly dividend of $1.63. The ex-dividend date is Friday, May 9th. Parker-Hannifin's dividend payout ratio is 29.80%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PH shares. Truist Financial lowered their price objective on Parker-Hannifin from $842.00 to $717.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. StockNews.com lowered Parker-Hannifin from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Wells Fargo & Company lifted their target price on Parker-Hannifin from $710.00 to $775.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Citigroup cut their target price on Parker-Hannifin from $795.00 to $665.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, UBS Group cut their target price on Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Parker-Hannifin presently has an average rating of "Moderate Buy" and a consensus target price of $705.35.

Parker-Hannifin Company 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.