B. Metzler seel. Sohn & Co. AG Purchases 695 Shares of Parker-Hannifin Co. (NYSE:PH)

B. Metzler seel. Sohn & Co. AG increased its position in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,589 shares of the industrial products company's stock after acquiring an additional 695 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Parker-Hannifin were worth $6,099,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. grew its holdings in shares of Parker-Hannifin by 214.3% in the 4th quarter. Meeder Asset Management Inc. now owns 66 shares of the industrial products company's stock worth $42,000 after acquiring an additional 45 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in Parker-Hannifin by 10.3% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 321 shares of the industrial products company's stock worth $205,000 after purchasing an additional 30 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Parker-Hannifin by 7.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 37,185 shares of the industrial products company's stock worth $23,651,000 after buying an additional 2,498 shares during the period. Clearbridge Investments LLC lifted its stake in Parker-Hannifin by 1.5% during the fourth quarter. Clearbridge Investments LLC now owns 213,207 shares of the industrial products company's stock valued at $135,606,000 after buying an additional 3,194 shares in the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of Parker-Hannifin in the fourth quarter worth about $80,000. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Stock Down 7.1 %

PH stock traded down $39.70 during trading hours on Friday, hitting $517.00. The company's stock had a trading volume of 2,254,783 shares, compared to its average volume of 690,734. The company has a market capitalization of $66.55 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 2.85 and a beta of 1.50. The stock has a 50 day moving average price of $649.18 and a two-hundred day moving average price of $654.27. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. Parker-Hannifin Co. has a 12 month low of $492.71 and a 12 month high of $718.44.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its earnings results on Thursday, January 30th. The industrial products company reported $6.53 EPS for the quarter, topping 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, equities research analysts expect that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 7th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Friday, February 7th. Parker-Hannifin's payout ratio is 26.99%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Citigroup initiated 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. Truist Financial increased their target price on Parker-Hannifin from $788.00 to $842.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Wolfe Research downgraded Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a report on Thursday. Barclays reduced their price objective on Parker-Hannifin from $791.00 to $750.00 and set an "overweight" rating for the company in a research note on Monday, March 10th. Finally, UBS Group decreased their price objective on Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $736.65.

Parker-Hannifin 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.