Banco de Sabadell S.A purchased a new position in shares of Parker-Hannifin Corp (NYSE:PH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,110 shares of the industrial products company’s stock, valued at approximately $1,618,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PH. Raymond James Financial Services Advisors Inc. boosted its position in shares of Parker-Hannifin by 11.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,281 shares of the industrial products company’s stock worth $3,025,000 after purchasing an additional 1,796 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Parker-Hannifin by 6.4% during the third quarter. New York State Common Retirement Fund now owns 330,379 shares of the industrial products company’s stock worth $57,823,000 after purchasing an additional 19,850 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Parker-Hannifin by 18.8% during the third quarter. Advisor Group Inc. now owns 4,474 shares of the industrial products company’s stock worth $784,000 after purchasing an additional 708 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Parker-Hannifin by 13.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,753 shares of the industrial products company’s stock worth $657,000 after purchasing an additional 433 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Parker-Hannifin by 127.4% during the third quarter. SG Americas Securities LLC now owns 8,878 shares of the industrial products company’s stock worth $1,554,000 after purchasing an additional 41,300 shares in the last quarter. 81.62% of the stock is currently owned by institutional investors.

How to Become a New Pot Stock Millionaire

Shares of Parker-Hannifin stock opened at $181.75 on Thursday. The company has a market cap of $24,201.52, a price-to-earnings ratio of 28.35, a P/E/G ratio of 1.57 and a beta of 1.38. Parker-Hannifin Corp has a 52-week low of $151.17 and a 52-week high of $212.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.49 and a quick ratio of 0.99.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.07 by $0.08. The business had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Parker-Hannifin had a net margin of 6.54% and a return on equity of 23.15%. The firm’s revenue was up 26.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.91 EPS. equities analysts predict that Parker-Hannifin Corp will post 9.97 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 9th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.64 annualized dividend and a yield of 1.45%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 41.19%.

In other Parker-Hannifin news, VP Roger S. Sherrard sold 2,109 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $182.12, for a total transaction of $384,091.08. Following the sale, the vice president now directly owns 51,865 shares of the company’s stock, valued at approximately $9,445,653.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Scaminace sold 1,149 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $184.24, for a total transaction of $211,691.76. Following the sale, the director now directly owns 14,189 shares in the company, valued at $2,614,181.36. The disclosure for this sale can be found here. Insiders have sold a total of 4,258 shares of company stock worth $780,753 over the last three months. Insiders own 1.12% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. Wells Fargo lifted their price target on shares of Parker-Hannifin from $205.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Zacks Investment Research raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating and set a $236.00 price target on the stock in a research report on Thursday, January 18th. Buckingham Research reissued a “neutral” rating and set a $210.00 price target on shares of Parker-Hannifin in a research report on Friday, January 19th. They noted that the move was a valuation call. Stifel Nicolaus reissued a “buy” rating and set a $245.00 price target (up from $218.00) on shares of Parker-Hannifin in a research report on Tuesday, January 16th. Finally, Cowen reaffirmed a “hold” rating and issued a $180.00 price objective on shares of Parker-Hannifin in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $202.75.

TRADEMARK VIOLATION WARNING: “Banco de Sabadell S.A Purchases New Stake in Parker-Hannifin Corp (PH)” was reported by Watch List News and is the property of of Watch List News. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://www.watchlistnews.com/banco-de-sabadell-s-a-purchases-new-stake-in-parker-hannifin-corp-ph/1955194.html.

Parker-Hannifin Company Profile

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.

Institutional Ownership by Quarter for Parker-Hannifin (NYSE:PH)

Receive News & Ratings for Parker-Hannifin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parker-Hannifin and related companies with MarketBeat.com's FREE daily email newsletter.