Parker-Hannifin Co. (NYSE:PH) Holdings Increased by Hilltop Holdings Inc.

Hilltop Holdings Inc. raised its holdings in Parker-Hannifin Co. (NYSE:PH - Free Report) by 984.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,685 shares of the industrial products company's stock after purchasing an additional 7,884 shares during the quarter. Hilltop Holdings Inc.'s holdings in Parker-Hannifin were worth $5,487,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PH. Wilkinson Global Asset Management LLC boosted its stake 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 worth $24,700,000 after acquiring an additional 14,526 shares in the last quarter. Banco Santander S.A. raised its holdings in 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 acquiring an additional 1,544 shares during the last quarter. Ritholtz Wealth Management raised its holdings in Parker-Hannifin by 88.4% in the 3rd quarter. Ritholtz Wealth Management now owns 1,473 shares of the industrial products company's stock valued at $931,000 after acquiring an additional 691 shares during the last quarter. Deltec Asset Management LLC acquired a new stake in shares of Parker-Hannifin during the 2nd quarter worth approximately $506,000. Finally, FMR LLC increased its holdings in shares of Parker-Hannifin by 7.1% during the 3rd quarter. FMR LLC now owns 4,116,257 shares of the industrial products company's stock worth $2,600,733,000 after buying an additional 272,531 shares during the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PH has been the subject of a number of research analyst reports. Evercore ISI increased their price objective on shares of Parker-Hannifin from $620.00 to $656.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th. UBS Group started 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Parker-Hannifin from $595.00 to $645.00 and gave the company a "buy" rating in a report on Friday, August 9th. Argus raised their price objective on shares of Parker-Hannifin from $650.00 to $710.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Finally, Robert W. Baird raised their price objective 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. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $691.40.

Insider Activity

In other news, VP Thomas C. Gentile sold 2,430 shares of the firm's stock in a transaction dated 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 transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Joseph R. Leonti sold 5,877 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $631.04, for a total transaction of $3,708,622.08. Following the completion of the transaction, the vice president now owns 15,350 shares in the company, valued at approximately $9,686,464. The trade was a 27.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,077 shares of company stock valued at $12,303,829 over the last 90 days. Insiders own 0.39% of the company's stock.

Parker-Hannifin Stock Performance

NYSE PH traded up $0.12 during trading on Tuesday, reaching $700.81. The company's stock had a trading volume of 321,344 shares, compared to its average volume of 598,826. The firm has a market cap of $90.21 billion, a price-to-earnings ratio of 31.65, a P/E/G ratio of 2.83 and a beta of 1.43. The business's fifty day moving average price is $658.01 and its 200-day moving average price is $587.06. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.57 and a current ratio of 0.96. Parker-Hannifin Co. has a twelve month low of $431.98 and a twelve month high of $712.42.

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, topping analysts' consensus estimates of $6.14 by $0.06. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. The firm had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the previous year, the firm earned $5.96 earnings per share. The firm's revenue was up 1.2% on a year-over-year basis. As a group, analysts anticipate that Parker-Hannifin Co. will post 26.77 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, November 8th. Parker-Hannifin's dividend 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.