Timber Hill LLC acquired a new stake in Parker-Hannifin Corp (NYSE:PH) during the fourth quarter, HoldingsChannel reports. The fund acquired 27,110 shares of the industrial products company’s stock, valued at approximately $5,411,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. San Francisco Sentry Investment Group CA grew its holdings in shares of Parker-Hannifin by 139.3% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 579 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 337 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Parker-Hannifin during the 3rd quarter worth $168,000. Advisory Services Network LLC grew its holdings in shares of Parker-Hannifin by 145.6% during the 2nd quarter. Advisory Services Network LLC now owns 1,191 shares of the industrial products company’s stock worth $190,000 after purchasing an additional 706 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Parker-Hannifin during the 4th quarter worth $197,000. Finally, Tiedemann Wealth Management LLC grew its holdings in shares of Parker-Hannifin by 95.6% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 3,050 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 1,491 shares in the last quarter. 78.42% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Joseph Scaminace sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $184.97, for a total transaction of $184,970.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Andrew D. Ross sold 2,056 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $192.14, for a total value of $395,039.84. Following the sale, the vice president now directly owns 5,207 shares of the company’s stock, valued at approximately $1,000,472.98. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.
Parker-Hannifin Corp (NYSE:PH) opened at $183.04 on Tuesday. Parker-Hannifin Corp has a 1 year low of $151.17 and a 1 year high of $212.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.99 and a current ratio of 1.49. The stock has a market capitalization of $24,430.00, a PE ratio of 21.47, a PEG ratio of 1.58 and a beta of 1.31.
Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.07 by $0.08. Parker-Hannifin had a return on equity of 23.15% and a net margin of 6.54%. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period last year, the company earned $1.91 earnings per share. The firm’s revenue was up 26.2% compared to the same quarter last year. research analysts predict that Parker-Hannifin Corp will post 9.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be given a dividend of $0.66 per share. The ex-dividend date is Thursday, February 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.44%. Parker-Hannifin’s dividend payout ratio (DPR) is 30.91%.
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Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment.
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