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

Wilkinson Global Asset Management LLC raised its holdings in Parker-Hannifin Co. (NYSE:PH) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,223 shares of the industrial products company’s stock after purchasing an additional 1,130 shares during the quarter. Parker-Hannifin makes up about 1.6% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 23rd largest 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 institutional investors and hedge funds also recently bought and sold shares of PH. Prestige Wealth Management Group LLC grew its stake in shares of 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 purchasing an additional 25 shares during the last quarter. Bank of New Hampshire bought a new position in Parker-Hannifin in the 4th quarter valued at $35,000. Northwest Investment Counselors LLC bought a new position in Parker-Hannifin in the 3rd quarter valued at $39,000. Kestra Investment Management LLC acquired a new stake in shares of Parker-Hannifin in the 4th quarter valued at $40,000. Finally, Hager Investment Management Services LLC bought a new stake in shares of Parker-Hannifin during the fourth quarter worth $44,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $694.13 on Wednesday. The company has a market capitalization of $89.35 billion, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 2.87 and a beta of 1.45. Parker-Hannifin Co. has a 52 week low of $492.71 and a 52 week high of $718.44. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.59 and a current ratio of 1.06. The company’s 50 day moving average price is $664.75 and its two-hundred day moving average price is $641.55.

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

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 7th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Friday, February 7th. Parker-Hannifin’s dividend payout ratio is presently 26.99%.

Wall Street Analysts Forecast Growth

PH has been the subject of a number of research reports. StockNews.com upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, February 8th. Argus boosted their price target on shares of Parker-Hannifin from $650.00 to $710.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Wolfe Research upgraded shares of Parker-Hannifin from a “peer perform” rating to an “outperform” rating and set a $786.00 price objective on the stock in a report on Thursday, December 12th. Robert W. Baird lifted their target price on shares of Parker-Hannifin from $695.00 to $710.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Jefferies Financial Group increased their price target on Parker-Hannifin from $765.00 to $810.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $729.18.

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.