O Shaughnessy Asset Management LLC Grows Stake in Parker-Hannifin Co. (NYSE:PH)

O Shaughnessy Asset Management LLC lifted its holdings in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 37,185 shares of the industrial products company's stock after purchasing an additional 2,498 shares during the period. O Shaughnessy Asset Management LLC's holdings in Parker-Hannifin were worth $23,651,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in PH. Whipplewood Advisors LLC purchased a new stake in shares of Parker-Hannifin during the fourth quarter valued at approximately $25,000. Millstone Evans Group LLC purchased a new stake in Parker-Hannifin during the 4th quarter valued at $30,000. Prestige Wealth Management Group LLC grew 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 purchased a new position in shares of Parker-Hannifin in the fourth quarter valued at about $35,000. Finally, Kestra Investment Management LLC bought a new position in shares of Parker-Hannifin during the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 82.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. KeyCorp boosted their price target on Parker-Hannifin from $775.00 to $790.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Barclays reduced their target price on Parker-Hannifin from $791.00 to $750.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. Evercore ISI raised their price target on Parker-Hannifin from $777.00 to $824.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. Wells Fargo & Company boosted their price objective on shares of Parker-Hannifin from $710.00 to $775.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, UBS Group dropped 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 report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Parker-Hannifin has a consensus rating of "Moderate Buy" and a consensus target price of $736.65.

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Parker-Hannifin Stock Down 11.9 %

PH stock traded down $74.68 during midday trading on Thursday, hitting $554.30. The company's stock had a trading volume of 1,254,461 shares, compared to its average volume of 681,122. The firm's 50-day moving average is $654.89 and its 200-day moving average is $655.17. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51. Parker-Hannifin Co. has a 12 month low of $492.71 and a 12 month high of $718.44. The company has a market cap of $71.35 billion, a PE ratio of 23.02, a P/E/G ratio of 2.85 and a beta of 1.50.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly 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%. On average, equities research analysts forecast that Parker-Hannifin Co. will post 26.71 earnings per share for the current fiscal 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 $1.63 dividend. The ex-dividend date was Friday, February 7th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.18%. Parker-Hannifin's dividend payout ratio is presently 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.