Wilkinson Global Asset Management LLC Has $25.58 Million Stock Holdings in Parker-Hannifin Co. (NYSE:PH)

Wilkinson Global Asset Management LLC grew its position in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,223 shares of the industrial products company's stock after acquiring an additional 1,130 shares during the quarter. Parker-Hannifin accounts for 1.6% of Wilkinson Global Asset Management LLC's holdings, making the stock its 23rd biggest position. Wilkinson Global Asset Management LLC's holdings in Parker-Hannifin were worth $25,583,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Prestige Wealth Management Group LLC raised its stake in Parker-Hannifin by 83.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 55 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 25 shares during the period. Bank of New Hampshire bought a new position in Parker-Hannifin during the 4th quarter worth $35,000. Northwest Investment Counselors LLC bought a new position in Parker-Hannifin during the 3rd quarter worth $39,000. Kestra Investment Management LLC bought a new position in Parker-Hannifin during the 4th quarter worth $40,000. Finally, Hager Investment Management Services LLC bought a new position in Parker-Hannifin during the 4th quarter worth $44,000. Institutional investors and hedge funds own 82.44% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on PH. TD Cowen increased their price objective on Parker-Hannifin from $520.00 to $575.00 and gave the stock a "hold" rating in a research report on Tuesday, November 12th. Truist Financial increased their price objective on Parker-Hannifin from $788.00 to $842.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. UBS Group lowered their price objective on Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Evercore ISI increased their price objective on Parker-Hannifin from $777.00 to $824.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Barclays lowered their price objective on Parker-Hannifin from $800.00 to $791.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $739.06.

Parker-Hannifin Price Performance

NYSE:PH traded down $28.40 during trading hours on Friday, hitting $667.06. The company's stock had a trading volume of 851,007 shares, compared to its average volume of 659,347. The stock has a fifty day simple moving average of $665.65 and a 200-day simple moving average of $643.57. The company has a market capitalization of $85.86 billion, a P/E ratio of 27.61, a PEG ratio of 2.87 and a beta of 1.45. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59. Parker-Hannifin Co. has a twelve month low of $492.71 and a twelve month high of $718.44.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $6.53 earnings per share for the quarter, beating the consensus estimate of $6.23 by $0.30. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. On average, analysts anticipate that Parker-Hannifin Co. will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

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.