Security National Bank of SO Dak Has $382,000 Stock Position in Parker-Hannifin Co. (NYSE:PH)

Security National Bank of SO Dak lessened its stake in Parker-Hannifin Co. (NYSE:PH) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 600 shares of the industrial products company’s stock after selling 25 shares during the quarter. Security National Bank of SO Dak’s holdings in Parker-Hannifin were worth $382,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PH. Whipplewood Advisors LLC acquired a new stake in shares of Parker-Hannifin in the 4th quarter valued at about $25,000. Aster Capital Management DIFC Ltd bought a new position in shares of Parker-Hannifin during the fourth quarter worth about $25,000. Millstone Evans Group LLC acquired a new stake in Parker-Hannifin in the 4th quarter valued at approximately $30,000. Kestra Investment Management LLC acquired a new position in Parker-Hannifin during the 4th quarter worth approximately $40,000. Finally, Meeder Asset Management Inc. boosted its position in Parker-Hannifin by 214.3% during the 4th quarter. Meeder Asset Management Inc. now owns 66 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on PH. UBS Group lowered their price target 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. Barclays dropped their price target on shares of Parker-Hannifin from $750.00 to $700.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Wolfe Research downgraded shares of Parker-Hannifin from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 3rd. Argus set a $680.00 target price on shares of Parker-Hannifin in a report on Tuesday, May 6th. Finally, Citigroup cut their target price on shares of Parker-Hannifin from $795.00 to $665.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Four 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 an average rating of “Moderate Buy” and a consensus target price of $710.12.

Insider Buying and Selling

In other news, VP Jay Reidy sold 150 shares of Parker-Hannifin stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $620.37, for a total transaction of $93,055.50. Following the sale, the vice president now directly owns 2,083 shares of the company’s stock, valued at approximately $1,292,230.71. This trade represents a 6.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.39% of the stock is owned by corporate insiders.

Parker-Hannifin Trading Down 0.4%

Shares of NYSE:PH opened at $672.31 on Friday. The business’s 50 day simple moving average is $602.00 and its 200 day simple moving average is $646.70. Parker-Hannifin Co. has a 1 year low of $488.45 and a 1 year high of $718.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59. The company has a market capitalization of $85.91 billion, a P/E ratio of 27.83, a P/E/G ratio of 2.85 and a beta of 1.36.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $6.94 EPS for the quarter, topping analysts’ consensus estimates of $6.72 by $0.22. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. The company had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter last year, the business earned $6.51 earnings per share. Parker-Hannifin’s revenue was down 2.2% on a year-over-year basis. On average, research analysts anticipate that Parker-Hannifin Co. will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 9th will be issued a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.07%. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.63. Parker-Hannifin’s payout ratio is 27.72%.

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.