Sanctuary Advisors LLC Has $27.19 Million Holdings in Parker-Hannifin Co. (NYSE:PH)

Sanctuary Advisors LLC grew its holdings in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 32.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,030 shares of the industrial products company's stock after acquiring an additional 10,552 shares during the period. Sanctuary Advisors LLC's holdings in Parker-Hannifin were worth $27,187,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Addison Advisors LLC bought a new stake in shares of Parker-Hannifin in the 2nd quarter worth about $25,000. West Branch Capital LLC acquired a new position in Parker-Hannifin in the third quarter worth about $25,000. Bangor Savings Bank increased its holdings in Parker-Hannifin by 238.5% in the third quarter. Bangor Savings Bank now owns 44 shares of the industrial products company's stock valued at $28,000 after buying an additional 31 shares during the last quarter. Prestige Wealth Management Group LLC raised its stake in Parker-Hannifin by 83.3% during the third quarter. Prestige Wealth Management Group LLC now owns 55 shares of the industrial products company's stock valued at $35,000 after buying an additional 25 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in Parker-Hannifin during the 3rd quarter worth approximately $39,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Joseph R. Leonti sold 5,877 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $631.04, for a total transaction of $3,708,622.08. Following the transaction, the vice president now directly owns 15,350 shares of the company's stock, valued at $9,686,464. This represents a 27.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Andrew D. Ross sold 4,864 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $706.04, for a total value 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. This trade represents a 27.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,077 shares of company stock worth $12,303,829 over the last 90 days. 0.39% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PH. Evercore ISI lifted their price target on shares of Parker-Hannifin from $620.00 to $656.00 and gave the company an "outperform" rating in a report on Monday, August 19th. Stifel Nicolaus lowered Parker-Hannifin from a "buy" rating to a "hold" rating and set a $691.00 target price for the company. in a report on Monday, November 18th. Wells Fargo & Company increased their price target on Parker-Hannifin from $640.00 to $710.00 and gave the stock an "overweight" rating in a research report on Monday, October 7th. StockNews.com upgraded Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. Finally, TD Cowen increased their target price on Parker-Hannifin from $520.00 to $575.00 and gave the stock a "hold" rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $709.65.

Parker-Hannifin Trading Down 1.4 %

PH traded down $9.71 during trading on Friday, reaching $672.86. The company had a trading volume of 203,651 shares, compared to its average volume of 632,908. 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 12-month low of $440.00 and a 12-month high of $712.42. The company has a market cap of $86.61 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 2.77 and a beta of 1.43. The firm's 50-day simple moving average is $667.79 and its 200 day simple moving average is $594.73.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its earnings results on Thursday, October 31st. The industrial products company reported $6.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.14 by $0.06. The company had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.90 billion. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. The company's revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $5.96 EPS. Equities research analysts anticipate that Parker-Hannifin Co. will post 26.75 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $6.52 dividend on an annualized basis and a yield of 0.97%. Parker-Hannifin's payout ratio is 29.45%.

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.