Mizuho Securities USA LLC Boosts Position in Parker-Hannifin Co. (NYSE:PH)

Mizuho Securities USA LLC increased its holdings in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 46.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,200 shares of the industrial products company's stock after acquiring an additional 3,865 shares during the period. Mizuho Securities USA LLC's holdings in Parker-Hannifin were worth $7,760,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC bought a new stake in Parker-Hannifin during the 4th quarter valued at about $25,000. Millstone Evans Group LLC bought a new stake in shares of Parker-Hannifin during the fourth quarter valued at approximately $30,000. Prestige Wealth Management Group LLC raised its holdings in Parker-Hannifin by 83.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 55 shares of the industrial products company's stock worth $35,000 after acquiring an additional 25 shares during the last quarter. Bank of New Hampshire bought a new position in Parker-Hannifin in the 4th quarter valued at approximately $35,000. Finally, Kestra Investment Management LLC purchased a new stake in Parker-Hannifin during the 4th quarter valued at $40,000. Institutional investors own 82.44% of the company's stock.

Parker-Hannifin Price Performance

NYSE PH traded down $10.75 on Thursday, reaching $626.76. The company had a trading volume of 628,193 shares, compared to its average volume of 646,687. The stock has a market capitalization of $80.68 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.85 and a beta of 1.50. Parker-Hannifin Co. has a 12 month low of $492.71 and a 12 month high of $718.44. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The firm's 50 day moving average price is $660.41 and its 200 day moving average price is $654.11.

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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 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%. As a group, equities analysts predict that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 7th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, February 7th. Parker-Hannifin's payout ratio is 26.99%.

Analyst Upgrades and Downgrades

PH has been the subject of a number of recent analyst reports. Barclays decreased their target price on Parker-Hannifin from $791.00 to $750.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Jefferies Financial Group raised their target price on shares of Parker-Hannifin from $765.00 to $810.00 and gave the stock a "buy" rating in a report on Friday, December 6th. UBS Group decreased their target price on shares of Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Citigroup started coverage on Parker-Hannifin in a report on Friday, February 7th. They issued a "buy" rating and a $795.00 price objective for the company. Finally, KeyCorp increased their target price on Parker-Hannifin from $775.00 to $790.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, Parker-Hannifin presently has an average rating of "Moderate Buy" and a consensus price target of $736.65.

About Parker-Hannifin

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.