abc-logo
Taking care of your Loved One Is What We Do BEST!

It's no secret, most of us would like to stay in our own home as we age. Yet, sometimes our loved ones just need a little extra help to remain comfortable at home. That's where Always Best Care can help....we are dedicated to exceeding expectations....always

Please submit form to schedule a

Personal Care Consultation

Local Magic Personal Care Consultation

Please submit this form below and we will chat shortly!

This field is for validation purposes and should be left unchanged.

Home Care In Parker, CO

Home Care Parker, CO

They say that your golden years are the best years of your life. For most older Americans, that's how it should be - a time to relax, reflect, and live life in a familiar place. After all, senior citizens in the U.S. have worked tirelessly to build a better economy, serve their communities, and raise families.

However, as seniors grow older, completing daily tasks like showering and enjoying activities such as visiting the historic Scott Road Historic Bridge gets harder without someone by their side. Unfortunately, many older Americans aren't able to rely on their adult children for help. The reality in today's world is that family members do not have the skills or time to dedicate to caring for their parents. That's where Always Best Care Senior Services comes in.

Our in-home care services are for people who prefer to stay at home as they grow older but need ongoing care that family or friends cannot provide. More and more older adults prefer to live far away from long-term, institutionalized facilities and closer to the place where they feel most comfortable - their home. Home care in Parker, CO is a safe, effective way to give your loved ones the care they need when they need it the most.

 In-Home Care Parker, CO

location Service Areas

The Always Best Care Difference

Since 1996, Always Best Care has provided non-medical in-home care for seniors to help them maintain a healthy lifestyle as they get older. We are proud to have helped more than 25,000 seniors maintain higher levels of dignity and respect. We focus on providing seniors with the highest level of in-home care available so that they may live happily and independently.

Unlike some senior care companies, we genuinely want to be included in our clients' lives. We believe that personalized care is always the better option over a "one size fits all" approach. To make sure our senior clients receive the best care possible, we pair them with compassionate caregivers who understand their unique needs. That way, they may provide care accordingly without compromising their wellbeing.

The Always Best Care difference lies in life's little moments - where compassionate care and trustworthy experience come together to help seniors live a fruitful, healthy life. Whether you are an aging adult that can't quite keep up with life's daily tasks or the child of a senior who needs regular in-home services, Always Best Care is here to help.

×
TESTIMONIALS

“Our thanks to ABC for the wonderful nursing care and general management and coordination”

Sean R.
×
TESTIMONIALS

“Amazing customer service and follow up regarding services for my mother-in-law”

Jenna F.
×
TESTIMONIALS

“I'm sending this thank u to thank you, not only for being the best company I hold dear but being so individually beautiful!!! You're always the best care!!!!!”

Juliana S.
×
TESTIMONIALS

“Thank you to all the caregivers who took care of our mom. We are forever grateful for your kindness towards our mom when we couldn't be there because of covid”

Clar B.
×
TESTIMONIALS

“I am deeply grateful for the love and support you have shown me during this difficult time, especially by sending me beautiful flowers. Thank you so much for your love and sympathy”

Eugenia C.
×
TESTIMONIALS

“Thank you for the wonderful care you have provided, specifically Simone, for my mom the last 4 years. We couldn't have done this without Simone's assistance. She is truly an angel!!”

Ona D.
×
TESTIMONIALS

“Thank you so much for the coordination of our parents care. Your loveliness and dedication made our parents lives so much better. We are very happy that ABC did every thing possible to let their home run smoothly. We appreciate all the efforts and especially your positive spirit”

Cormac M.
×
TESTIMONIALS

“I didn't think they could do better than I could on my own. They found a much better, more beautiful place at a much better price for my mom. HUGE THANKS TO NANCY FOR HER HELP !!!!”

avida
×
TESTIMONIALS

“I have referred my families to Always Best Care and they have been very happy with the service and the care staff that come into their homes. I was recently talking to a nurse who owns a Home Health company and asked her who she liked to use for home care. She said Always Best Care in Lakewood never lets me down. They always show up and give good care! There are so many home care companies out there it can be overwhelming. If you are trying to chose which home care company to go with, I highly recommend Always Best Care in Lakewood.”

Pam S.
×
TESTIMONIALS

“I had a wonderful experience working with the company. Very helpful and dedicated to providing caring services to their clients.”

Shayla E.
×
TESTIMONIALS

“Thank you so much for coming by to visit our community with the Always Best Care fun wheel! I can tell you it really was a nice morale boost for our associates! Nancy, everyone on our team who worked with you and Always Best Care for our Memory Care resident who needed overnight care was so complimentary of how kind and helpful you were in coordinating care for her. Thank you for all your help.”

Patricia G.
×
TESTIMONIALS

“I had a wonderful experience working with the company. Very helpful and dedicated to providing caring services to their clients.”

Shayla H.
×
TESTIMONIALS

“To Always Best Care Giver Cynthia C. H., “Thank you for taking the time to celebrate Carolyn’s Birthday, and making her feel so important and loved. Hats off to you.”

Leslie B.
×
TESTIMONIALS

“I can't find Sarah S, Alyssa, Paula, and the rest of the teams direct emails so please pass on my appreciation and gratitude for them too! Thank you so much for the shout out!! I love reading the newsletter and had no idea I was going to be in it so it was a wonderful surprise! I love this job and I hope I can help out more in the near future instead of just every weekend. Thank you again and I love being part of the Always Best team :) Thank you!”

Katherine S.
×
TESTIMONIALS

“Our care giver Evelyn L. was wonderful, and such a great help to our family.”

Barb F.
×
TESTIMONIALS

“I recommend the services of Always Best Care. The several months I have employed Always Best Care have been very satisfying. The services they have provided for an elderly Alzheimer’s patient has been exceptional. One of the most satisfying aspects of their service is their reliability. They show up, on time , with enthusiasm, and know the patient before entering the home. Also, the scheduling and support staff is accommodating, helpful, and friendly. Anyone that needs help with an elderly Alzheimer’s patient should consider employing Always Best Care. Sincerely, Michael Iverson”

Michael I.
×
TESTIMONIALS

“HIGHLY RECOMMEND!! If you or anyone in your family is looking for quality, sincere care for yourself or a loved one look no further. Always best care has the sweetest caregivers who go through an intense training course so they know for sure how well they do in certain environments. Erin the owner is the sweetest darn person who has a heart of gold who treats her employees very good so they can focus on doing their job right and enjoy doing it. I have been around the caregiving industry since 2013 and this is by far the best company I have yet seen. Trust me they won’t let you down!!!!!!!”

Carson C.
×
TESTIMONIALS

“To ABC Care Giver Autumn W., we adore you and your caring heart is noticed by our family. We all thank you.”

Robin J.
×
TESTIMONIALS

“My husband had a bad fall that resulted in two pelvic fractures and a fractured rib. Fortunately, there was no need for surgery but unfortunately, he was going to be immobile and in a great deal of pain. He was very nervous about my ability to be able to handle him so he requested that we look into very short-term ( one week) home health care when first coming home. Not knowing when he would be released from the hospital I was in my own panic about setting up the care so quickly. With he help of Nancy -a key administrator, I was able to get set up immediately even when I was unsure of exactly when to start. I was guided through the process. When I had to delay one day-no problem. The care giver who was sent to us, Evelyn was terrific-personable and willing to help in anyway requested. I highly recommend Always Best Care.”

Renee F.
×
TESTIMONIALS

“ABC was so responsive and made it very easy to set up care. They worked closely with our Hospice team as well if we needed them to. They were respectful and kind to our Mom. Only thing I would change is having them be able to administer meds. Definitely recommend them though!”

Krista K.
×
TESTIMONIALS

“The response time and options for the care of my 101 year old father have been exceptional. I would recommend Always Best Care to anyone who needs assistance and/or guidance in the care of their elderly loved ones. Dan Anderson”

Dan A.
×
TESTIMONIALS

“It was great working with Nancy, she went the extra mile helping us find the right place for our Mom.”

robert K.
×
TESTIMONIALS

“Always Best Care helped our family find just the right place for my mother-in-law. Nancy Hemming knows exactly what questions to ask in order to assess each situation and she does so with professionalism, kindness and compassion. Nancy was our shepherd through the overwhelming landscape of assisted living placement and insurance. We highly recommend Always Best Care. You will find their service to be of the highest quality!”

Karen R.
×
TESTIMONIALS

“Thank you very much for your kind words and thank you so much to you and your staff for taking such good care of my mother. It was a big comfort to me to know she was in capable and caring hands.”

Bethany D.
×
TESTIMONIALS

“Hiring a service from a distance is extremely stressful. Just speaking with them on the phone took away any scary thoughts I had. Professional, but what mattered most was their kindness and understanding ! thank you Nancy and Veronka !”

mysisterC

What is Non-Medical Senior Care in Parker, CO?

lm-check

Home is where the heart is. While that saying can sound a tad cliche, it is especially true for many seniors living in America. When given a choice, older adults most often prefer to grow older at home. An AARP study found that three out of four adults over the age of 50 want to stay in their homes and communities as they age.

lm-check

When you begin to think about why, it makes sense. Home offers a sense of security, comfort, and familiarity.

lm-check

The truth is, as we age, we begin to rely on others for help. When a family is too busy or lives too far away to fulfill this role, in-home senior care is often the best solution. Home care services allow seniors to enjoy personal independence while also receiving trustworthy assistance from a trained caregiver.

lm-check

At Always Best Care, we offer a comprehensive range of home care services to help seniors stay healthy while they get the help they need to remain independent. As your senior loved one gets older, giving them the gift of senior care is one of the best ways to show your love, even if you live far away.

 Senior Care Parker, CO

Types of Elderly Care in Parker, CO

To give our senior clients the best care possible, we offer a full spectrum of in-home care services:

Personal Care

Personal Care Services

If your senior loved one has specific care needs, our personal care services are a great choice to consider. Personal care includes the standard caregiving duties associated with companion care and includes help with tasks such as dressing and grooming. Personal care can also help individuals with chronic conditions like diabetes.

Common personal care services include assistance with:

  • Eating
  • Mobility Issues
  • Incontinence
  • Bathing
  • Dressing
  • Grooming

Respite Care Parker, CO
Home Helper

Home Helper Services

Sometimes, seniors need helpful reminders to maintain a high quality of life at home. If you or your senior has trouble with everyday tasks like cooking, our home helper services will be very beneficial.

Common home helper care services include assistance with:

  • Medication Reminders
  • Meal Preparation
  • Pet Care
  • Prescription Refills
  • Morning Wake-Up
  • Walking
  • Reading
 Caregivers Parker, CO
Companionship Services

Companionship Services

Using this kind of care is a fantastic way to make life easier for you or your senior loved one. At Always Best Care, our talented caregivers often fill the role of a companion for seniors. That way, older adults can enjoy their favorite local activities, such as visiting Tallman Meadow Park with friends while also receiving the care they need daily or weekly.

Common companionship services include:

  • Grocery Shopping
  • Transportation to Appointments
  • Nutritional Assistance
  • Conversation
  • Planning Outings
  • Completing Errands
  • Transportation to Community
  • Events and Social Outings
Home Care Parker, CO
Respite Care

Respite Care Services

According to AARP, more than 53 million adults living in the U.S. provide care to someone over 50 years old. Unfortunately, these caregivers experience stress, exhaustion, and even depression. Our respite care services help family caregivers address urgent obligations, spend time with their children, and enjoy nearby activities. Perhaps more importantly, respite care gives family members time to recharge and regroup. Taking personal time to de-stress reduces the risk of caregiver burnout. So, if you've always wanted to eat at the local The Douglas or visit Twenty-Mile Historic Park, don't feel bad. Doing so is great for both you and your loved one.

At the end of the day, our goal is to become a valuable part of your senior's daily routine. That way, we may help give them the highest quality of life possible. We know that staying at home is important for your loved one, and we are here to help make sure that is possible.

If you have been on the fence about non-medical home care, there has never been a better time than now to give your senior the care, assistance, and companionship they deserve.

 In-Home Care Parker, CO

Benefits of Home Care in Parker, CO

Always Best Care in-home services are for older adults who prefer to stay at home but need ongoing care that friends and family cannot provide. In-home care is a safe, effective way for seniors to age gracefully in a familiar place and live independent, non-institutionalized lives. The benefits of non-medical home care are numerous. Here are just a few reasons to consider senior care services from Always Best Care:

Always Best Care offers a full array of care options for patients at all levels of health. With our trusted elderly care services, your loved one will receive the level of care necessary for them to enjoy the highest possible quality of life.

Request More Information vector

Aging in Place: The Preferred Choice for Most Seniors

While it's true that some seniors have complicated medical needs that prevent them from staying at home, aging in place is often the best arrangement for seniors and their families. With a trusted caregiver, seniors have the opportunity to live with a sense of dignity and do so as they see fit - something that is unavailable to many older people today.

In-home care makes it possible for millions of seniors to age in place every year. Rather than moving to a strange nursing home, seniors have the chance to stay at home where they feel the happiest and most comfortable.

Here are just a few of the reasons why older men and women prefer to age at home:

How much does a senior's home truly mean to them?

A study published by the American Society on Aging found that more than half of seniors say their home's emotional value means more than how much their home is worth in monetary value. It stands to reason, then, that a senior's home is where they want to grow old.

With the help of elderly care in Parker, CO, seniors don't have to age in a sterilized care facility. Instead, they can age gracefully in the place they want to be most: their home. In contrast, seniors who move to a long-term care facility must adapt to new environments, new people, and new systems that the facility implements. At this stage in life, this kind of drastic change can be more harmful than helpful.

Institutional care facilities like nursing homes often put large groups of people together to live in one location. On any given day, dozens of staff members and caregivers run in and out of these facilities. Being around so many new people in a relatively small living environment can be dangerous for a seniors' health and wellbeing. When you consider that thousands of seniors passed away in nursing homes during the COVID-19 pandemic, opting for in-home care is often a safer, healthier choice for seniors.

Aging in place has been shown to improve seniors' quality of life, which helps boost physical health and also helps insulate them from viral and bacterial risks found in elderly living facilities.

For many seniors, the ability to live independently with assistance from a caregiver is a priceless option. With in-home care, seniors experience a higher level of independence and freedom - much more so than in other settings like a nursing home. When a senior has the chance to age in place, they get to live life on their own terms, inside the house that they helped make into a home. More independence means more control over their personal lives, too, which leads to increased levels of fulfillment, happiness, and personal gratification. Over time, these positive feelings can manifest into a healthier, longer life.

More independence, a healthier life, and increased comfort are only a few benefits of aging in place. You have to take into consideration the role of cost and convenience. Simply put, it's usually easier and more affordable to help seniors age in place than it is to move them into an institutional care facility. According to the US Department of Housing and Urban Development, seniors who age in the comfort of their homes can save thousands of dollars per month.

In-home care services from Always Best Care, for instance, are often less expensive than long-term solutions, which can cost upwards of six figures per year. To make matters worse, many residential care facilities are reluctant to accept long-term care insurance and other types of payment assistance.

With Always Best Care's home care services, seniors and their families have a greater level of control over their care plans. In-home care gives seniors the chance to form a bond with a trusted caregiver and also receive unmatched care that is catered to their needs. In long-term care facilities, seniors and their loved ones have much less control over their care plan and have less of a say in who provides their care.

 Elderly Care Parker, CO

Affordable Care

In-home care is a valuable resource that empowers seniors to age in place on their own terms. However, a big concern for many families and their loved ones is how much in-home care costs. If you're worried that in-home care is too expensive, you may be pleasantly surprised to learn that it is one of the most affordable senior care arrangements available.

Typically, hiring an Always Best Care in-home caregiver for a few hours a week is more affordable than sending your loved one to a long-term care facility. This is true even for seniors with more complex care needs.

At Always Best Care, we will work closely with you and your family to develop a Care Plan that not only meets your care needs, but your budget requirements, too. Once we discover the level of care that you or your senior need, we develop an in-home care plan that you can afford.

In addition to our flexible care options, families should also consider the following resources to help offset potential home care costs:

If your loved one qualifies, Medicaid may help reduce in-home care costs. Review your CO's Medicaid program laws and benefits, and make sure your senior's financial and medical needs meet Medicaid eligibility requirements.
Attendance and aid benefits through military service can cover a portion of the costs associated with in-home care for veterans and their spouses.
Many senior care services like in-home care are included in long-term care insurance options. Research different long-term care solutions to find a plan that provides coverage for senior care.
Home care can be included as part of a senior's private insurance plan. Read over your loved one's insurance policy carefully or speak with their insurance provider to determine if in-home care is covered.
Depending on the life insurance plan, you may be able to apply your policy toward long-term care. You may be able to use long-term-care coverage to help pay for in-home elderly care.
 Senior Care Parker, CO

Compassionate Care. Trusted Caregivers.

When you or your senior loved one needs assistance managing daily tasks at home, finding a qualified caregiver can be challenging. It takes a special kind of person to provide reliable care for your senior loved one. However, a caregiver's role involves more than meal preparation and medication reminders. Many seniors rely on their caregivers for companionship, too.

Our companion care services give seniors the chance to socialize in a safe environment and engage in activities at home. These important efforts boost morale and provide much-needed relief from repetitive daily routines. A one-on-one, engaging conversation can sharpen seniors' minds and give them something in which to be excited.

At Always Best Care, we only hire care providers that we would trust to care for our own loved ones. Our senior caregivers in Parker, CO understand how important it is to listen and communicate with their seniors. A seemingly small interaction, like a short hug goodbye, can make a major difference in a senior's day. Instead of battling against feelings of isolation, seniors begin to look forward to seeing their caregiver each week.

Understanding the nuances of senior care is just one of the reasons why our care providers are so great at their job.

Unlike some senior care companies, our caregivers must undergo extensive training before they work for Always Best Care. In addition, our caregivers receive ongoing training throughout the year. This training ensures that their standard of care matches up to the high standards we've come to expect. During this training, they will brush up on their communication skills, safety awareness, and symptom spotting. That way, your loved one receives the highest level of non-medical home care from day one.

Assisted Living Referral Services

While it's true that many seniors prefer to age at home, sometimes in-home care isn't the best fit. For those seniors and their families, choosing an assisted living facility makes more sense. Unfortunately, finding the optimal care facility is easier said than done in today's day and age. That's when Always Best Care's assisted living referral services begin to make a lot of sense.

Assisted living is a form of housing intended for seniors who require varying degrees of medical and personal attention. Accommodations may include single rooms, apartments, or shared living arrangements. Assisted living communities are typically designed to resemble a home-like environment and are physically constructed to encourage the independence of residents.


Respite Care Parker, CO

At assisted living communities, seniors receive help with daily activities such as bathing, dressing, and eating. They may also benefit from coordination of services with outside healthcare providers, and monitoring of resident activities to ensure their health, safety, and well-being. Caregivers who work at assisted living communities can also provide medication administration and personal care services for older adults.

Other services offered within assisted living communities can include some or all of the following:

  • Housekeeping
  • Laundry
  • Recreational Activities
  • Social Outings
  • Emergency Medical Response
  • Medication Monitoring
  • Family Visitation
  • Personal Care
 Caregivers Parker, CO

At Always Best Care, our representatives can match your senior's emotional, physical, and financial needs with viable assisted living communities nearby. Results are based on comparative data, so you can select the best choice for you or your loved one.

Always Best Care works closely with local senior living communities to gain valuable knowledge that we then use to help seniors and their loved ones make informed decisions. This information can include basic care and rent, resident availability, and services provided. Because Always Best Care is compensated by these communities, we provide senior living referral services at no extra cost to you.

Some of the most popular assisted living communities to consider in our area include the following:

  • MorningStar Senior Living of Parker
  • BeeHive Homes Assisted Living
  • Castle Country Assisted Living - Victorian House
  • Assured Senior Living 7 Parker Riverstone Drive
  • Life Care Center of Stonegate
  • Pine Grove Crossing Assisted Living & Memory Care
Home Care Parker, CO

For many seniors, moving into a senior living community revolves around how and when they want to make a transition to more involved care. Some seniors are more proactive about transitioning to independent living. Others choose to remain home until their care needs or other requirements are satisfied. Remember - our staff is here to help. Contact our office today to learn more about assisted living communities and how we can find a facility that exceeds your expectations.

 In-Home Care Parker, CO

Taking the First Step with Always Best Care

The first step in getting quality in-home care starts with a personal consultation with an experienced Always Best Care Care Coordinator. This initial consultation is crucial for our team to learn more about you or your elderly loved one to discover the level of care required. Topics of this consultation typically include:

A discussion of your needs and how our trained caregivers can offer assistance in the most effective way

lm-right-arrow
01

A draft of your care plan, which includes highly detailed notes and a framework for the care that you or your senior will receive

lm-right-arrow
02

Discuss payment options and help coordinate billing with your insurance provider

lm-right-arrow
03

Our caregivers are trained to spot changes that clients exhibit, like mental and physical decline. As your trusted senior care company, we will constantly assess and update your Care Plan to meet any new emotional, intellectual, physical, and emotional needs.

If you have never considered in-home care before, we understand that you and your family may have concerns about your Care Plan and its Care Coordinator. To help give you peace of mind, know that every team member and caregiver must undergo comprehensive training before being assigned to a Care Plan.

At the end of the day, we only hire the best of the best at Always Best Care. Whether you need home care in Parker, CO 24-hours a day or only need a respite for a couple of hours, we are here to serve you.

When you're ready, we encourage you to contact your local Always Best Care representative to set up a Care Consultation. Our Care Coordinators would be happy to meet with you in person to get to know you better, discuss your needs, and help put together a personalized Care Plan specific to your needs.

 Elderly Care Parker, CO

Latest News in Parker, CO

2,778 Shares in Parker-Hannifin Co. (NYSE:PH) Purchased by Unigestion Holding SA

Unigestion Holding SA purchased a new position in Parker-Hannifin Co. (NYSE:PH - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,778 shares of the industrial products company's stock, valued at ...

Unigestion Holding SA purchased a new position in Parker-Hannifin Co. (NYSE:PH - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,778 shares of the industrial products company's stock, valued at approximately $1,755,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CVA Family Office LLC boosted its holdings in shares of Parker-Hannifin by 3.9% in the third quarter. CVA Family Office LLC now owns 425 shares of the industrial products company's stock worth $269,000 after acquiring an additional 16 shares during the period. Sonoma Private Wealth LLC increased its position in shares of Parker-Hannifin by 2.9% during the third quarter. Sonoma Private Wealth LLC now owns 667 shares of the industrial products company's stock valued at $421,000 after buying an additional 19 shares during the period. W Advisors LLC increased its position in shares of Parker-Hannifin by 3.4% during the third quarter. W Advisors LLC now owns 581 shares of the industrial products company's stock valued at $367,000 after buying an additional 19 shares during the period. Simmons Bank boosted its position in shares of Parker-Hannifin by 0.7% in the third quarter. Simmons Bank now owns 2,753 shares of the industrial products company's stock valued at $1,739,000 after acquiring an additional 19 shares during the period. Finally, CFS Investment Advisory Services LLC grew its stake in Parker-Hannifin by 3.4% during the third quarter. CFS Investment Advisory Services LLC now owns 583 shares of the industrial products company's stock valued at $368,000 after acquiring an additional 19 shares in the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Jennifer A. Parmentier sold 4,906 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $704.69, for a total transaction of $3,457,209.14. Following the completion of the transaction, the chief executive officer now directly owns 33,607 shares of the company's stock, valued at approximately $23,682,516.83. This represents a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph R. Leonti sold 5,877 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $631.04, for a total value of $3,708,622.08. Following the transaction, the vice president now owns 15,350 shares of the company's stock, valued at $9,686,464. This represents a 27.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,077 shares of company stock valued at $12,303,829. Company insiders own 0.39% of the company's stock.

Parker-Hannifin Stock Performance

Shares of PH traded up $8.16 during trading hours on Wednesday, hitting $686.09. The stock had a trading volume of 702,027 shares, compared to its average volume of 635,149. The firm has a market capitalization of $88.31 billion, a PE ratio of 31.01, a PEG ratio of 2.81 and a beta of 1.44. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.57. Parker-Hannifin Co. has a 12 month low of $435.77 and a 12 month high of $712.42. The stock has a fifty day moving average price of $665.49 and a 200 day moving average price of $593.46.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its earnings results on Thursday, October 31st. The industrial products company reported $6.20 EPS for the quarter, beating analysts' consensus estimates of $6.14 by $0.06. The business had revenue of $4.90 billion during the quarter, compared to analysts' expectations of $4.90 billion. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. The firm's revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $5.96 earnings per share. Analysts anticipate that Parker-Hannifin Co. will post 26.77 EPS for the current year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, November 8th. Parker-Hannifin's dividend payout ratio (DPR) is 29.45%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. UBS Group assumed coverage on Parker-Hannifin in a report on Wednesday, November 13th. They set a "buy" rating and a $842.00 price objective on the stock. Raymond James upped their target price on Parker-Hannifin from $610.00 to $650.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 4th. Argus lifted 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. Finally, Mizuho boosted their price objective on shares of Parker-Hannifin from $665.00 to $715.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $704.88.

Read Our Latest Analysis on PH

Parker-Hannifin Profile

(Free Report)

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.

Read More

Should you invest $1,000 in Parker-Hannifin right now?

Before you consider Parker-Hannifin, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Parker-Hannifin wasn't on the list.

While Parker-Hannifin currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

Nomura Asset Management Co. Ltd. Boosts Stock Holdings in Parker-Hannifin Co. (NYSE:PH)

Nomura Asset Management Co. Ltd. raised its position in Parker-Hannifin Co. (NYSE:PH - Free Report) by 7.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,800 shares of the industrial produc...

Nomura Asset Management Co. Ltd. raised its position in Parker-Hannifin Co. (NYSE:PH - Free Report) by 7.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,800 shares of the industrial products company's stock after buying an additional 2,495 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Parker-Hannifin were worth $23,883,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC grew its stake in Parker-Hannifin by 2.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 2,140 shares of the industrial products company's stock valued at $1,082,000 after buying an additional 58 shares in the last quarter. ORG Partners LLC bought a new stake in Parker-Hannifin during the second quarter valued at approximately $46,000. Baader Bank Aktiengesellschaft purchased a new position in Parker-Hannifin in the 2nd quarter worth approximately $307,000. SteelPeak Wealth LLC increased its holdings in shares of Parker-Hannifin by 39.6% in the 2nd quarter. SteelPeak Wealth LLC now owns 938 shares of the industrial products company's stock worth $474,000 after buying an additional 266 shares during the last quarter. Finally, Leavell Investment Management Inc. raised its position in shares of Parker-Hannifin by 1.4% during the 2nd quarter. Leavell Investment Management Inc. now owns 3,846 shares of the industrial products company's stock valued at $1,945,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Argus increased their price target on shares of Parker-Hannifin from $650.00 to $710.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Barclays increased their target price on Parker-Hannifin from $703.00 to $800.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Evercore ISI increased their price objective on Parker-Hannifin from $620.00 to $656.00 and gave the company an "outperform" rating in a research note on Monday, August 19th. Truist Financial boosted their price target on Parker-Hannifin from $673.00 to $788.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Finally, KeyCorp lifted their price objective on Parker-Hannifin from $725.00 to $775.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $704.88.

Check Out Our Latest Research Report on Parker-Hannifin

Insider Activity

In related news, VP Joseph R. Leonti sold 5,877 shares of Parker-Hannifin stock in a transaction on Friday, November 1st. The shares were sold at an average price of $631.04, for a total transaction of $3,708,622.08. Following the transaction, the vice president now owns 15,350 shares in the company, valued at approximately $9,686,464. The trade was a 27.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas C. Gentile sold 2,430 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $701.16, for a total value of $1,703,818.80. Following the completion of the sale, the vice president now owns 5,465 shares of the company's stock, valued at $3,831,839.40. The trade was a 30.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,077 shares of company stock valued at $12,303,829 in the last quarter. 0.39% of the stock is currently owned by insiders.

Parker-Hannifin Stock Performance

PH traded up $8.16 during midday trading on Wednesday, hitting $686.09. 702,027 shares of the company traded hands, compared to its average volume of 635,149. The company's 50-day moving average is $665.49 and its 200 day moving average is $593.46. Parker-Hannifin Co. has a 52 week low of $435.77 and a 52 week high of $712.42. The firm has a market capitalization of $88.31 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 2.81 and a beta of 1.44. The company has a quick ratio of 0.57, a current ratio of 0.96 and a debt-to-equity ratio of 0.52.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its earnings results on Thursday, October 31st. The industrial products company reported $6.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.14 by $0.06. The company had revenue of $4.90 billion for the quarter, compared to analysts' expectations of $4.90 billion. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $5.96 earnings per share. On average, research analysts expect that Parker-Hannifin Co. will post 26.77 EPS for the current year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.95%. Parker-Hannifin's dividend payout ratio is currently 29.45%.

About Parker-Hannifin

(Free Report)

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.

Further Reading

Should you invest $1,000 in Parker-Hannifin right now?

Before you consider Parker-Hannifin, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Parker-Hannifin wasn't on the list.

While Parker-Hannifin currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

Brophy Wealth Management LLC Acquires New Holdings in Parker-Hannifin Co. (NYSE:PH)

Brophy Wealth Management LLC acquired a new stake in Parker-Hannifin Co. (NYSE:PH - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,144 shares of the industrial products c...

Brophy Wealth Management LLC acquired a new stake in Parker-Hannifin Co. (NYSE:PH - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,144 shares of the industrial products company's stock, valued at approximately $723,000.

Several other institutional investors have also recently made changes to their positions in the business. Addison Advisors LLC acquired a new position in shares of Parker-Hannifin during the 2nd quarter worth about $25,000. West Branch Capital LLC acquired a new position in Parker-Hannifin during the third quarter worth approximately $25,000. Bangor Savings Bank boosted its holdings in shares of Parker-Hannifin by 238.5% in the third quarter. Bangor Savings Bank now owns 44 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 31 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of Parker-Hannifin in the third quarter valued at about $39,000. Finally, J.Safra Asset Management Corp acquired a new position in Parker-Hannifin during the second quarter worth about $46,000. Hedge funds and other institutional investors own 82.44% of the company's stock.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Joseph R. Leonti sold 5,877 shares of Parker-Hannifin stock in a transaction on Friday, November 1st. The shares were sold at an average price of $631.04, for a total transaction of $3,708,622.08. Following the sale, the vice president now owns 15,350 shares of the company's stock, valued at $9,686,464. The trade was a 27.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas C. Gentile sold 2,430 shares of Parker-Hannifin stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $701.16, for a total transaction of $1,703,818.80. Following the sale, the vice president now directly owns 5,465 shares in the company, valued at approximately $3,831,839.40. This trade represents a 30.78 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,077 shares of company stock valued at $12,303,829. 0.39% of the stock is currently owned by insiders.

Parker-Hannifin Stock Down 0.9 %

NYSE PH traded down $6.06 during trading hours on Tuesday, reaching $679.94. 278,370 shares of the company's stock traded hands, compared to its average volume of 633,243. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.57. The firm has a market cap of $87.52 billion, a PE ratio of 30.84, a PEG ratio of 2.81 and a beta of 1.44. Parker-Hannifin Co. has a 52-week low of $435.77 and a 52-week high of $712.42. The firm has a 50-day simple moving average of $664.54 and a 200 day simple moving average of $592.42.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its earnings results on Thursday, October 31st. The industrial products company reported $6.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.14 by $0.06. The company had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.90 billion. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $5.96 earnings per share. Sell-side analysts anticipate that Parker-Hannifin Co. will post 26.77 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.96%. The ex-dividend date was Friday, November 8th. Parker-Hannifin's payout ratio is 29.45%.

Wall Street Analysts Forecast Growth

PH has been the subject of a number of recent analyst reports. KeyCorp boosted their target price on shares of Parker-Hannifin from $725.00 to $775.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Mizuho raised their target price on shares of Parker-Hannifin from $665.00 to $715.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Raymond James raised their target price on shares of Parker-Hannifin from $610.00 to $650.00 and gave the stock an "outperform" rating in a report on Wednesday, September 4th. Argus raised their price target on shares of Parker-Hannifin from $650.00 to $710.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Finally, UBS Group began coverage on shares of Parker-Hannifin in a research report on Wednesday, November 13th. They issued a "buy" rating and a $842.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $704.88.

Get Our Latest Analysis on Parker-Hannifin

About Parker-Hannifin

(Free Report)

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.

Featured Stories

Should you invest $1,000 in Parker-Hannifin right now?

Before you consider Parker-Hannifin, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Parker-Hannifin wasn't on the list.

While Parker-Hannifin currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

Parker-Hannifin Co. (NYSE:PH) Shares Bought by Groupama Asset Managment

Groupama Asset Managment increased its holdings in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 14,546.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,840 shares of the industrial products company's stock ...

Groupama Asset Managment increased its holdings in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 14,546.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,840 shares of the industrial products company's stock after purchasing an additional 131,933 shares during the quarter. Parker-Hannifin makes up about 1.6% of Groupama Asset Managment's investment portfolio, making the stock its 16th biggest holding. Groupama Asset Managment owned 0.10% of Parker-Hannifin worth $83,931,000 at the end of the most recent quarter.

Get Parker-Hannifin alerts:

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp grew its position in shares of Parker-Hannifin by 13.8% during the 3rd quarter. State Street Corp now owns 6,202,235 shares of the industrial products company's stock worth $3,918,696,000 after purchasing an additional 753,143 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Parker-Hannifin by 39.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,977,849 shares of the industrial products company's stock valued at $1,249,645,000 after buying an additional 564,365 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Parker-Hannifin by 64,081.5% during the 3rd quarter. International Assets Investment Management LLC now owns 381,880 shares of the industrial products company's stock valued at $241,279,000 after purchasing an additional 381,285 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Parker-Hannifin during the 3rd quarter worth approximately $226,570,000. Finally, Mizuho Securities USA LLC raised its holdings in shares of Parker-Hannifin by 3,566.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 363,302 shares of the industrial products company's stock worth $229,541,000 after acquiring an additional 353,393 shares during the last quarter. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Price Performance

Shares of Parker-Hannifin stock traded down $10.13 during trading on Monday, reaching $686.03. 246,762 shares of the stock traded hands, compared to its average volume of 632,995. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.57. Parker-Hannifin Co. has a 52-week low of $435.77 and a 52-week high of $712.42. The business has a fifty day simple moving average of $663.46 and a two-hundred day simple moving average of $591.30. The company has a market capitalization of $88.31 billion, a price-to-earnings ratio of 31.44, a P/E/G ratio of 2.81 and a beta of 1.44.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $6.20 earnings per share for the quarter, topping the consensus estimate of $6.14 by $0.06. Parker-Hannifin had a return on equity of 27.95% and a net margin of 14.47%. The firm had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the prior year, the business posted $5.96 earnings per share. The company's revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts expect that Parker-Hannifin Co. will post 26.77 EPS for the current year.

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were given a $1.63 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $6.52 annualized dividend and a yield of 0.95%. Parker-Hannifin's dividend payout ratio (DPR) is 29.45%.

Insiders Place Their Bets

In other Parker-Hannifin news, COO Andrew D. Ross sold 4,864 shares of Parker-Hannifin stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $706.04, for a total transaction of $3,434,178.56. Following the sale, the chief operating officer now owns 13,120 shares of the company's stock, valued at $9,263,244.80. The trade was a 27.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Joseph R. Leonti sold 5,877 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $631.04, for a total transaction of $3,708,622.08. Following the completion of the sale, the vice president now owns 15,350 shares of the company's stock, valued at $9,686,464. This trade represents a 27.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,077 shares of company stock worth $12,303,829 in the last three months. Corporate insiders own 0.39% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on PH. Mizuho boosted their price objective on Parker-Hannifin from $665.00 to $715.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. Raymond James raised their price objective on Parker-Hannifin from $610.00 to $650.00 and gave the company an "outperform" rating in a research note on Wednesday, September 4th. Stifel Nicolaus downgraded shares of Parker-Hannifin from a "buy" rating to a "hold" rating and set a $691.00 target price for the company. in a report on Monday, November 18th. StockNews.com raised shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. Finally, Truist Financial boosted their target price on Parker-Hannifin from $673.00 to $788.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Parker-Hannifin has an average rating of "Moderate Buy" and a consensus target price of $704.88.

Get Our Latest Research Report on PH

About Parker-Hannifin

(Free Report)

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.

Read More

→ WARNING: Don’t let the national media distract you (From Timothy Sykes)

Should you invest $1,000 in Parker-Hannifin right now?

Before you consider Parker-Hannifin, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Parker-Hannifin wasn't on the list.

While Parker-Hannifin currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 High-Yield Dividend Stocks that Could Ruin Your Retirement

Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.

Get This Free Report

Two Sigma Advisers LP Reduces Stock Position in Parker-Hannifin Co. (NYSE:PH)

Two Sigma Advisers LP lowered its stake in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 59.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,900 shares of the industrial products compan...

Two Sigma Advisers LP lowered its stake in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 59.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,900 shares of the industrial products company's stock after selling 73,600 shares during the quarter. Two Sigma Advisers LP's holdings in Parker-Hannifin were worth $31,528,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Addison Advisors LLC bought a new position in Parker-Hannifin in the 2nd quarter valued at $25,000. West Branch Capital LLC bought a new position in shares of Parker-Hannifin during the 3rd quarter worth $25,000. Bangor Savings Bank grew its stake in shares of Parker-Hannifin by 238.5% during the 3rd quarter. Bangor Savings Bank now owns 44 shares of the industrial products company's stock worth $28,000 after acquiring an additional 31 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of Parker-Hannifin during the 2nd quarter worth $39,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Parker-Hannifin during the 3rd quarter worth $39,000. Institutional investors own 82.44% of the company's stock.

Insider Buying and Selling

In other Parker-Hannifin news, VP Thomas C. Gentile sold 2,430 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $701.16, for a total transaction of $1,703,818.80. Following the completion of the transaction, the vice president now owns 5,465 shares of the company's stock, valued at approximately $3,831,839.40. This trade represents a 30.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer A. Parmentier sold 4,906 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $704.69, for a total transaction of $3,457,209.14. Following the transaction, the chief executive officer now directly owns 33,607 shares of the company's stock, valued at $23,682,516.83. This represents a 12.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,077 shares of company stock valued at $12,303,829 over the last three months. Corporate insiders own 0.39% of the company's stock.

Parker-Hannifin Trading Up 0.2 %

Shares of NYSE:PH traded up $1.45 during midday trading on Friday, hitting $696.16. 371,942 shares of the stock traded hands, compared to its average volume of 499,162. The stock has a market capitalization of $89.61 billion, a PE ratio of 31.44, a P/E/G ratio of 2.81 and a beta of 1.43. The business's 50 day moving average is $663.46 and its two-hundred day moving average is $590.98. The company has a quick ratio of 0.57, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. Parker-Hannifin Co. has a one year low of $431.98 and a one year high of $712.42.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The industrial products company reported $6.20 EPS for the quarter, beating the consensus estimate of $6.14 by $0.06. The firm had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.90 billion. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.96 earnings per share. As a group, research analysts forecast that Parker-Hannifin Co. will post 26.77 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were paid 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 was Friday, November 8th. Parker-Hannifin's payout ratio is currently 29.45%.

Analyst Ratings Changes

PH has been the subject of several research reports. Truist Financial increased their price target on Parker-Hannifin from $673.00 to $788.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Stifel Nicolaus cut Parker-Hannifin from a "buy" rating to a "hold" rating and set a $691.00 price objective on the stock. in a report on Monday, November 18th. Argus raised their price target on Parker-Hannifin from $650.00 to $710.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Robert W. Baird raised their price target on Parker-Hannifin from $695.00 to $710.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Jefferies Financial Group raised their price target on Parker-Hannifin from $765.00 to $810.00 and gave the company a "buy" rating in a report on Friday. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of "Moderate Buy" and an average target price of $704.88.

Check Out Our Latest Research Report on PH

About Parker-Hannifin

(Free Report)

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.

Recommended Stories

Before you consider Parker-Hannifin, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Parker-Hannifin wasn't on the list.

While Parker-Hannifin currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

Disclaimer:

This website publishes news articles that contain copyrighted material whose use has not been specifically authorized by the copyright owner. The non-commercial use of these news articles for the purposes of local news reporting constitutes "Fair Use" of the copyrighted materials as provided for in Section 107 of the US Copyright Law.