B. Metzler seel. Sohn & Co. AG increased its position in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,589 shares of the industrial products company's stock after purchasing an additional 695 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Parker-Hannifin were worth $6,099,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PH. Whipplewood Advisors LLC bought a new position in shares of Parker-Hannifin during the fourth quarter worth approximately $25,000. Millstone Evans Group LLC bought a new position in Parker-Hannifin during the 4th quarter worth $30,000. Prestige Wealth Management Group LLC grew its stake in 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 worth $35,000 after buying an additional 25 shares in the last quarter. Bank of New Hampshire bought a new position in Parker-Hannifin in the 4th quarter valued at about $35,000. Finally, Kestra Investment Management LLC acquired a new position in shares of Parker-Hannifin in the 4th quarter valued at approximately $40,000. 82.44% of the stock is owned by institutional investors and hedge funds.
Parker-Hannifin Stock Down 11.6 %
PH stock traded down $72.70 during trading on Thursday, reaching $556.28. 1,788,796 shares of the stock were exchanged, compared to its average volume of 682,888. The firm's 50 day moving average is $654.89 and its 200 day moving average is $655.17. The firm has a market cap of $71.60 billion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 2.85 and a beta of 1.50. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51. Parker-Hannifin Co. has a twelve month low of $492.71 and a twelve month high of $718.44.
Parker-Hannifin (NYSE:PH - Get Free Report) last released 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 return on equity of 27.34% and a net margin of 15.87%. As a group, research analysts forecast that Parker-Hannifin Co. will post 26.71 EPS for the current year.
Parker-Hannifin Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 7th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, February 7th. Parker-Hannifin's dividend payout ratio is currently 26.99%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on PH shares. Citigroup began coverage on Parker-Hannifin in a research report on Friday, February 7th. They set a "buy" rating and a $795.00 price objective for the company. Wells Fargo & Company raised their price objective on Parker-Hannifin from $710.00 to $775.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Evercore ISI upped their target price on Parker-Hannifin from $777.00 to $824.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Barclays cut their target price on shares of Parker-Hannifin from $791.00 to $750.00 and set an "overweight" rating on the stock in a research report on Monday, March 10th. Finally, Stifel Nicolaus upped their price target on Parker-Hannifin from $689.00 to $691.00 and gave the company a "hold" rating in a research report on Friday, January 31st. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $736.65.
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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.
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