Asset Management One Co. Ltd. Has $32.77 Million Stock Holdings in Parker-Hannifin Co. (NYSE:PH)

Asset Management One Co. Ltd. boosted its holdings in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,906 shares of the industrial products company's stock after purchasing an additional 838 shares during the period. Asset Management One Co. Ltd.'s holdings in Parker-Hannifin were worth $32,774,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. State Street Corp raised its stake in Parker-Hannifin by 13.8% during the third quarter. State Street Corp now owns 6,202,235 shares of the industrial products company's stock worth $3,918,696,000 after acquiring an additional 753,143 shares in the last quarter. Wellington Management Group LLP lifted its stake in 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 purchasing an additional 564,365 shares during the last quarter. International Assets Investment Management LLC boosted its position in Parker-Hannifin by 64,081.5% in the third quarter. International Assets Investment Management LLC now owns 381,880 shares of the industrial products company's stock valued at $241,279,000 after buying an additional 381,285 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Parker-Hannifin during the third quarter worth $226,570,000. Finally, Mizuho Securities USA LLC increased its holdings in shares of Parker-Hannifin by 3,566.4% during the third quarter. Mizuho Securities USA LLC now owns 363,302 shares of the industrial products company's stock worth $229,541,000 after buying an additional 353,393 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PH. Wolfe Research upgraded Parker-Hannifin from a "peer perform" rating to an "outperform" rating and set a $786.00 price objective on the stock in a research report on Thursday, December 12th. Jefferies Financial Group upped their price objective on Parker-Hannifin from $765.00 to $810.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Stifel Nicolaus lifted their target price on shares of Parker-Hannifin from $689.00 to $691.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. Citigroup assumed coverage on shares of Parker-Hannifin in a research report on Friday, February 7th. They issued a "buy" rating and a $795.00 price target for the company. Finally, TD Cowen lifted their price target on shares of Parker-Hannifin from $520.00 to $575.00 and gave the stock a "hold" rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Parker-Hannifin has an average rating of "Moderate Buy" and an average price target of $729.18.

Parker-Hannifin Trading Down 0.0 %

Shares of Parker-Hannifin stock traded down $0.05 on Tuesday, reaching $700.20. 319,174 shares of the company's stock were exchanged, compared to its average volume of 641,547. The company has a market capitalization of $90.13 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 2.84 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 firm's 50-day moving average is $664.75 and its two-hundred day moving average is $641.55.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $6.53 EPS for the quarter, topping analysts' consensus estimates of $6.23 by $0.30. Parker-Hannifin had a net margin of 15.87% and a return on equity of 27.34%. Sell-side analysts predict that Parker-Hannifin Co. will post 26.67 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 7th will be issued a $1.63 dividend. The ex-dividend date is Friday, February 7th. This represents a $6.52 annualized dividend and a yield of 0.93%. Parker-Hannifin's payout ratio is currently 26.99%.

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.