Venturi Wealth Management LLC Acquires 915 Shares of Parker-Hannifin Co. (NYSE:PH)

Venturi Wealth Management LLC boosted its position in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 329.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,193 shares of the industrial products company's stock after acquiring an additional 915 shares during the quarter. Venturi Wealth Management LLC's holdings in Parker-Hannifin were worth $759,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prestige Wealth Management Group LLC increased its holdings in shares of Parker-Hannifin by 83.3% in the third quarter. Prestige Wealth Management Group LLC now owns 55 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 25 shares during the last quarter. Bank of New Hampshire acquired a new position in shares of Parker-Hannifin in the fourth quarter valued at $35,000. Northwest Investment Counselors LLC acquired a new position in shares of Parker-Hannifin in the third quarter valued at $39,000. Hager Investment Management Services LLC acquired a new position in shares of Parker-Hannifin in the fourth quarter valued at $44,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Parker-Hannifin in the fourth quarter valued at $47,000. 82.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PH has been the topic of several research reports. Citigroup initiated coverage on shares of Parker-Hannifin in a report on Friday, February 7th. They issued a "buy" rating and a $795.00 price objective on the stock. StockNews.com upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research note on Saturday, February 8th. Jefferies Financial Group upped their price target on shares of Parker-Hannifin from $765.00 to $810.00 and gave the company a "buy" rating in a research note on Friday, December 6th. UBS Group decreased their price target on shares of Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, Evercore ISI upped their price target on shares of Parker-Hannifin from $777.00 to $824.00 and gave the company an "outperform" rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Parker-Hannifin has an average rating of "Moderate Buy" and a consensus price target of $739.06.

Parker-Hannifin Price Performance

Shares of PH stock traded down $31.72 on Friday, reaching $663.74. The company had a trading volume of 522,283 shares, compared to its average volume of 649,110. The stock has a market capitalization of $85.44 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 2.87 and a beta of 1.45. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. Parker-Hannifin Co. has a one year low of $492.71 and a one year high of $718.44. The business's 50-day moving average is $665.65 and its 200 day moving average is $643.57.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted 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 15.87% and a return on equity of 27.34%. Equities research analysts forecast that Parker-Hannifin Co. will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 7th will be issued a $1.63 dividend. The ex-dividend date is Friday, February 7th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.98%. Parker-Hannifin's dividend payout ratio (DPR) is currently 26.99%.

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.