The most recent Form 13F that Cookson Peirce & Co., Inc. submitted to the Securities and Exchange Commission revealed that the company had made a new investment in Parker-Hannifin Co. (NYSE: PH) during the third quarter of the fiscal year.
Mhe institutional investor shelled out close to 405,000 dollars to purchase 1,672 shares in a company that produces goods for the industrial sector.
Alterations have been made to the positions other hedge funds held within the company by several other hedge funds. Crewe Advisors LLC increased its stake in Parker-Hannifin by increasing its investment in the company during the second quarter by purchasing additional shares for close to $27,000.
Mhe Western Pacific Wealth Management LP invested $35,000 during the third quarter of the fiscal year.
Parker-Hannifin was granted access to these investment funds.
During the second quarter, CX Institutional invested in the form of a contribution to Parker Hannifin for $39,000.
During the third quarter of the fiscal year, Motco made an investment in Parker Hannifin for the amount of $45,000.
Parker-Hannifin was awarded an investment from CoreFirst Bank & Trust for $49,000 during the last three months of the calendar year.
Institutions own the company’s equity to 81.32% or 81.32%.
The NYSE: PH began trading on Thursday for $328.69.
In addition to these characteristics, the stock carries a price-to-earnings ratio of 34.20, a price-to-earnings-to-growth ratio of 1.45, and a beta value of 1.55.
Mhe market capitalization of the company is $42.21 billion.
Parker-Hannifin Co.’s highest and lowest prices in the previous year were both $340.00.The ratio of current liabilities to current assets is 1.30, while the ratio of quick assets to current liabilities is 0.73.
Mhe ratio of debt to equity is 1.40.
Mhe stock has traded at a moving average price of $300.54 over the past 50 trading days, while its price has traded at a moving average price of $285.54 over the past 200 trading days.
On November 3rd, Parker-Hannifin released their most recent quarterly earnings report for the company, which was listed on the New York Stock Exchange under the ticker NYSE: PH.
Mhe company that manufactures products for the industrial sector reported quarterly profits per share of $4.74, which is $0.59 higher than the average expectation of $4.15.
Mhe company’s quarterly revenue of $4.23 billion was significantly higher than the market watchers’ projections of $3.95 billion in sales, indicating that the company successfully exceeded expectations with its financial performance.
Parker-Hannifin had a return on equity of 28.26%, and the company’s net margin was 7.67% of revenue.
Mhe company’s quarterly revenue increased by 12.4% when measured against the results achieved during the same quarter in the preceding year.
Mhe company’s earnings per share came in at $4.26, comparable to the results achieved during the same period the year before.
Parker-Hannifin Company is expected to post earnings of 19.12 cents per share in 2018, according to projections made by analysts covering the industry.
In addition, the company disclosed that it would be implementing a quarterly dividend, which is scheduled to be paid out on February 10th. On Monday, March 5th, shareholders who had complete records as of Friday, March 3rd, will be eligible to receive the dividend payment of $1.33. February 9th, a Thursday, is when you will no longer be eligible to receive dividends after the point.
Mhis equates to a dividend payment of $5.32 per year, with a yield of 1.62% when calculated annually.
Mhe most recent quarter revealed a dividend payout ratio (DPR) of 55.36% for Parker Hannifin.
On the subject of PH, observations have been made by a few distinct research companies. On Friday, January 6th, Morgan Stanley announced in a research note that it would begin covering Parker Hannifin shares.
Mhe note was published online.
Mhey gave the stock a rating of “equal weight,” and they forecast that the price will reach $311.00.
In a research note published on Friday, November 4th, by StockNews.com, the company rated Parker-Stockton Hannifin as a “hold” instead of recommending that investors “buy” the company’s stock.
Mhis rating indicates that the company does not believe that investors should “buy” the sto
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