Capital International Inc. CA Purchases Shares of 8,250 Parker-Hannifin Co. (NYSE:PH)

Capital International Inc. CA purchased a new stake in Parker-Hannifin Co. (NYSE:PH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,250 shares of the industrial products company's stock, valued at approximately $5,247,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC purchased a new stake in Parker-Hannifin in the 4th quarter valued at $25,000. Aster Capital Management DIFC Ltd purchased a new position in Parker-Hannifin during the fourth quarter worth about $25,000. Millstone Evans Group LLC bought a new stake in Parker-Hannifin in the 4th quarter worth about $30,000. Bank of New Hampshire purchased a new stake in Parker-Hannifin in the 4th quarter valued at about $35,000. Finally, Kestra Investment Management LLC bought a new position in shares of Parker-Hannifin during the 4th quarter worth approximately $40,000. 82.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on PH shares. KeyCorp decreased their price target on Parker-Hannifin from $790.00 to $690.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. UBS Group lowered their target price on Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus decreased their price objective on shares of Parker-Hannifin from $691.00 to $564.00 and set a "hold" rating for the company in a report on Monday, April 14th. Wells Fargo & Company boosted their target price on shares of Parker-Hannifin from $710.00 to $775.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Finally, StockNews.com cut shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $705.35.

Parker-Hannifin Price Performance

Parker-Hannifin stock traded up $16.06 during mid-day trading on Thursday, hitting $596.87. 903,797 shares of the company traded hands, compared to its average volume of 715,006. The stock has a fifty day moving average price of $611.61 and a 200-day moving average price of $647.11. The stock has a market cap of $76.83 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 2.85 and a beta of 1.39. Parker-Hannifin Co. has a one year low of $488.45 and a one year 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.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $6.53 EPS for the quarter, beating analysts' consensus estimates of $6.23 by $0.30. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. On average, equities analysts predict that Parker-Hannifin Co. will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be paid a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 1.21%. This is a positive change from Parker-Hannifin's previous quarterly dividend of $1.63. Parker-Hannifin's dividend payout ratio is currently 26.99%.

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.