Mn Services Vermogensbeheer B.V. Grows Holdings in Parker-Hannifin Co. (NYSE:PH)

Mn Services Vermogensbeheer B.V. lifted its holdings in Parker-Hannifin Co. (NYSE:PH - Free Report) by 1.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,674 shares of the industrial products company's stock after purchasing an additional 700 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Parker-Hannifin were worth $32,230,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. raised its position in Parker-Hannifin by 39.2% in the third quarter. Franklin Resources Inc. now owns 645,516 shares of the industrial products company's stock worth $415,409,000 after acquiring an additional 181,859 shares during the period. Howard Capital Management Group LLC bought a new position in Parker-Hannifin in the 4th quarter worth $23,390,000. SG Americas Securities LLC raised its holdings in Parker-Hannifin by 752.5% in the 4th quarter. SG Americas Securities LLC now owns 24,381 shares of the industrial products company's stock worth $15,507,000 after purchasing an additional 21,521 shares during the period. Columbus Macro LLC raised its stake in shares of Parker-Hannifin by 485.2% in the fourth quarter. Columbus Macro LLC now owns 10,751 shares of the industrial products company's stock worth $6,838,000 after buying an additional 8,914 shares during the period. Finally, Congress Asset Management Co. raised its stake in shares of Parker-Hannifin by 15.5% in the fourth quarter. Congress Asset Management Co. now owns 190,701 shares of the industrial products company's stock worth $121,292,000 after buying an additional 25,605 shares during the period. Institutional investors own 82.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PH shares. UBS Group decreased their price objective 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. StockNews.com upgraded Parker-Hannifin from a "hold" rating to a "buy" rating in a research note on Saturday, February 8th. Argus boosted their price objective on Parker-Hannifin from $650.00 to $710.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Jefferies Financial Group increased their target price on Parker-Hannifin from $765.00 to $810.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company lifted their target price on Parker-Hannifin from $710.00 to $775.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $739.06.

Parker-Hannifin Price Performance

Parker-Hannifin stock traded up $15.07 during mid-day trading on Friday, reaching $670.07. 1,219,271 shares of the company's stock traded hands, compared to its average volume of 667,863. The stock has a 50 day moving average of $666.19 and a two-hundred day moving average of $649.15. 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 company has a market cap of $86.25 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.85 and a beta of 1.45. 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 announced its earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 7th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $6.52 annualized dividend and a yield of 0.97%. Parker-Hannifin's payout ratio is presently 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.