Corient Private Wealth LLC Has $131.87 Million Stock Position in Parker-Hannifin Co. (NYSE:PH)

Corient Private Wealth LLC boosted its position in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 207,866 shares of the industrial products company's stock after buying an additional 1,652 shares during the quarter. Corient Private Wealth LLC owned approximately 0.16% of Parker-Hannifin worth $131,870,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PH. Proficio Capital Partners LLC lifted its holdings in Parker-Hannifin by 116,370.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,140,244 shares of the industrial products company's stock worth $725,229,000 after buying an additional 1,139,265 shares in the last quarter. State Street Corp lifted its stake in shares of Parker-Hannifin by 13.8% in the 3rd quarter. State Street Corp now owns 6,202,235 shares of the industrial products company's stock valued at $3,918,696,000 after purchasing an additional 753,143 shares during the period. Wellington Management Group LLP lifted its stake in shares of Parker-Hannifin by 39.9% in the 3rd quarter. Wellington Management Group LLP now owns 1,977,849 shares of the industrial products company's stock valued at $1,249,645,000 after purchasing an additional 564,365 shares during the period. World Investment Advisors LLC acquired a new position in shares of Parker-Hannifin in the 3rd quarter valued at $226,570,000. Finally, Mizuho Securities USA LLC lifted its stake in shares of Parker-Hannifin by 3,566.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 363,302 shares of the industrial products company's stock valued at $229,541,000 after purchasing an additional 353,393 shares during the period. Institutional investors and hedge funds own 82.44% of the company's stock.

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Parker-Hannifin Stock Down 0.9 %

PH stock traded down $5.40 during trading hours on Thursday, reaching $624.61. 692,558 shares of the stock were exchanged, compared to its average volume of 639,293. The firm's 50-day moving average is $661.07 and its 200-day moving average is $652.16. Parker-Hannifin Co. has a 12 month low of $492.71 and a 12 month high of $718.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59. The company has a market cap of $80.40 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 2.85 and a beta of 1.50.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data 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 net margin of 15.87% and a return on equity of 27.34%. On average, equities research analysts expect that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed 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 1.04%. Parker-Hannifin's dividend payout ratio is 26.99%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Evercore ISI increased their price target on Parker-Hannifin from $777.00 to $824.00 and gave the company an "outperform" rating in a research note on Wednesday, February 19th. Stifel Nicolaus increased their price target on Parker-Hannifin from $689.00 to $691.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Citigroup began coverage on Parker-Hannifin in a research note on Friday, February 7th. They issued a "buy" rating and a $795.00 price target on the stock. StockNews.com cut shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Wells Fargo & Company upped 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. Three research 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 currently 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.