Pacer Advisors Inc. Acquires 936 Shares of Parker-Hannifin Co. (NYSE:PH)

Pacer Advisors Inc. grew its position in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,458 shares of the industrial products company's stock after purchasing an additional 936 shares during the period. Pacer Advisors Inc.'s holdings in Parker-Hannifin were worth $6,652,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PH. Franklin Resources Inc. boosted its stake in Parker-Hannifin by 39.2% in the 3rd quarter. Franklin Resources Inc. now owns 645,516 shares of the industrial products company's stock worth $415,409,000 after buying an additional 181,859 shares during the last quarter. Howard Capital Management Group LLC acquired a new stake in shares of Parker-Hannifin in the fourth quarter worth $23,390,000. SG Americas Securities LLC boosted its position in Parker-Hannifin by 752.5% during the 4th quarter. SG Americas Securities LLC now owns 24,381 shares of the industrial products company's stock worth $15,507,000 after purchasing an additional 21,521 shares during the period. Wilkinson Global Asset Management LLC grew its stake in shares of Parker-Hannifin by 59.1% in the third quarter. Wilkinson Global Asset Management LLC now owns 39,093 shares of the industrial products company's stock valued at $24,700,000 after buying an additional 14,526 shares in the last quarter. Finally, Banco Santander S.A. raised its holdings in shares of Parker-Hannifin by 11.9% during 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 buying an additional 1,544 shares during the period. Institutional investors and hedge funds own 82.44% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on PH shares. KeyCorp increased their price objective on shares of Parker-Hannifin from $725.00 to $775.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. UBS Group began coverage on shares of Parker-Hannifin in a report on Wednesday, November 13th. They issued a "buy" rating and a $842.00 price objective on the stock. StockNews.com upgraded Parker-Hannifin from a "hold" rating to a "buy" rating in a report on Saturday, October 12th. Robert W. Baird upped their price target on shares of Parker-Hannifin from $695.00 to $710.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Barclays boosted their target price on shares of Parker-Hannifin from $703.00 to $800.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $722.81.

Parker-Hannifin Price Performance

Parker-Hannifin stock traded up $38.23 during trading hours on Thursday, hitting $704.04. 1,112,574 shares of the company traded hands, compared to its average volume of 631,831. The firm's 50-day simple moving average is $666.79 and its two-hundred day simple moving average is $627.94. The firm has a market cap of $90.62 billion, a P/E ratio of 31.80, a P/E/G ratio of 2.76 and a beta of 1.45. Parker-Hannifin Co. has a 1-year low of $463.16 and a 1-year high of $712.42. 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 earnings results on Thursday, January 30th. The industrial products company reported $6.53 EPS for the quarter, topping analysts' consensus estimates of $6.23 by $0.30. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. As a group, analysts forecast that Parker-Hannifin Co. will post 26.73 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 7th will be given a $1.63 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $6.52 annualized dividend and a dividend yield of 0.93%. Parker-Hannifin's dividend payout ratio (DPR) is presently 29.45%.

Insider Buying and Selling

In other Parker-Hannifin news, VP Thomas C. Gentile sold 2,430 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now owns 5,465 shares in the company, valued at $3,831,839.40. This represents a 30.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Andrew D. Ross sold 4,864 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now directly 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,077 shares of company stock valued at $12,303,829. Company insiders own 0.39% of the company's stock.

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.