Parker-Hannifin Co. (NYSE:PH) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its stake in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,185 shares of the industrial products company's stock after buying an additional 2,498 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Parker-Hannifin were worth $23,651,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CreativeOne Wealth LLC increased its holdings in Parker-Hannifin by 24.0% in the third quarter. CreativeOne Wealth LLC now owns 965 shares of the industrial products company's stock valued at $610,000 after buying an additional 187 shares during the last quarter. Erste Asset Management GmbH purchased a new position in shares of Parker-Hannifin in the 3rd quarter valued at about $1,898,000. FSA Wealth Management LLC purchased a new stake in Parker-Hannifin during the third quarter worth approximately $83,000. Point72 Hong Kong Ltd acquired a new position in Parker-Hannifin in the third quarter valued at approximately $3,458,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in Parker-Hannifin by 71.7% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,153 shares of the industrial products company's stock valued at $1,992,000 after purchasing an additional 1,317 shares during the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Citigroup began coverage on shares of Parker-Hannifin in a research report on Friday, February 7th. They set a "buy" rating and a $795.00 price objective for the company. Stifel Nicolaus upped their price objective on shares of Parker-Hannifin from $689.00 to $691.00 and gave the company a "hold" rating in a research note on Friday, January 31st. StockNews.com lowered Parker-Hannifin from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. UBS Group reduced their target price on Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, Wolfe Research downgraded Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a research note on Thursday. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of "Moderate Buy" and a consensus price target of $736.65.

Parker-Hannifin Stock Performance

NYSE PH traded down $39.70 during trading hours on Friday, hitting $517.00. 2,254,783 shares of the stock were exchanged, compared to its average volume of 689,912. 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 $66.55 billion, a price-to-earnings ratio of 21.40, 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 stock has a 50-day moving average of $649.18 and a 200 day moving average of $653.93.

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

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 7th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.26%. Parker-Hannifin's dividend payout ratio (DPR) 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.