Ceredex Value Advisors LLC Purchases Shares of 75,665 Parker-Hannifin Co. (NYSE:PH)

Ceredex Value Advisors LLC acquired a new stake in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 75,665 shares of the industrial products company's stock, valued at approximately $48,125,000. Ceredex Value Advisors LLC owned 0.06% of Parker-Hannifin at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Anchor Investment Management LLC lifted its position in Parker-Hannifin by 10.5% during the third quarter. Anchor Investment Management LLC now owns 317 shares of the industrial products company's stock worth $200,000 after buying an additional 30 shares in the last quarter. Stock Yards Bank & Trust Co. purchased a new position in shares of Parker-Hannifin during the 3rd quarter worth approximately $217,000. World Investment Advisors LLC purchased a new position in shares of Parker-Hannifin during the third quarter worth $584,000. Wilmington Savings Fund Society FSB grew its position in Parker-Hannifin by 176.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 9,108 shares of the industrial products company's stock valued at $5,755,000 after acquiring an additional 5,817 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in Parker-Hannifin by 10.8% during the 3rd quarter. Tidal Investments LLC now owns 9,683 shares of the industrial products company's stock worth $6,118,000 after buying an additional 946 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PH. Stifel Nicolaus lowered their price objective on Parker-Hannifin from $691.00 to $564.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Wolfe Research downgraded Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Evercore ISI upped their target price on shares of Parker-Hannifin from $777.00 to $824.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Barclays dropped their price objective on shares of Parker-Hannifin from $750.00 to $700.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Finally, KeyCorp decreased their target price on shares of Parker-Hannifin from $790.00 to $690.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $705.35.

Parker-Hannifin Stock Down 3.7 %

Shares of PH traded down $21.00 during mid-day trading on Monday, reaching $540.00. 119,324 shares of the stock traded hands, compared to its average volume of 710,873. The firm has a market cap of $69.51 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 2.85 and a beta of 1.39. The stock has a fifty day simple moving average of $619.17 and a 200 day simple moving average of $648.72. 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 $488.45 and a 12-month high of $718.44.

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

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 7th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, February 7th. Parker-Hannifin's dividend 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.