Legacy Private Trust Co. Buys 1,033 Shares of Parker-Hannifin Co. (NYSE:PH)

Legacy Private Trust Co. grew its holdings in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 21.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,919 shares of the industrial products company's stock after buying an additional 1,033 shares during the quarter. Legacy Private Trust Co.'s holdings in Parker-Hannifin were worth $3,765,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Fulton Bank N.A. acquired a new position in Parker-Hannifin during the fourth quarter worth $298,000. Sterneck Capital Management LLC grew its position in shares of Parker-Hannifin by 34.2% in the 4th quarter. Sterneck Capital Management LLC now owns 502 shares of the industrial products company's stock valued at $319,000 after acquiring an additional 128 shares during the period. One Wealth Capital Management LLC acquired a new position in shares of Parker-Hannifin during the 4th quarter worth about $398,000. Diversified Trust Co raised its holdings in shares of Parker-Hannifin by 4.0% in the 4th quarter. Diversified Trust Co now owns 1,017 shares of the industrial products company's stock valued at $647,000 after purchasing an additional 39 shares during the period. Finally, Bank of New Hampshire acquired a new stake in Parker-Hannifin in the 4th quarter valued at about $35,000. 82.44% of the stock is currently 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 on Wednesday, November 6th. The shares were sold at an average price of $706.04, for a total transaction of $3,434,178.56. Following the sale, the chief operating officer now owns 13,120 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through the SEC website. Also, VP Thomas C. Gentile sold 2,430 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $701.16, for a total value of $1,703,818.80. Following the sale, the vice president now directly owns 5,465 shares in the company, valued at approximately $3,831,839.40. This trade represents a 30.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,077 shares of company stock worth $12,303,829. Corporate insiders own 0.39% of the company's stock.

Parker-Hannifin Price Performance

Parker-Hannifin stock traded up $5.53 during mid-day trading on Wednesday, reaching $640.76. 439,937 shares of the company were exchanged, compared to its average volume of 535,067. The firm has a market cap of $82.48 billion, a PE ratio of 28.94, a PEG ratio of 2.71 and a beta of 1.45. 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 company has a fifty day simple moving average of $673.26 and a 200-day simple moving average of $612.30. Parker-Hannifin Co. has a 12 month low of $449.89 and a 12 month high of $712.42.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results 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. Parker-Hannifin had a return on equity of 27.95% and a net margin of 14.47%. The company had revenue of $4.90 billion for the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter last year, the business earned $5.96 earnings per share. Parker-Hannifin's revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts expect that Parker-Hannifin Co. will post 26.75 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, November 8th. Parker-Hannifin's dividend payout ratio (DPR) is presently 29.45%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Argus boosted their price target on Parker-Hannifin from $650.00 to $710.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. KeyCorp increased their price target on Parker-Hannifin from $725.00 to $775.00 and gave the company an "overweight" rating in a research note on Thursday, November 21st. Stifel Nicolaus cut shares of Parker-Hannifin from a "buy" rating to a "hold" rating and set a $691.00 price objective for the company. in a research report on Monday, November 18th. StockNews.com raised shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. Finally, Mizuho raised their target price on shares of Parker-Hannifin from $665.00 to $715.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $722.94.

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.