Voya Investment Management LLC Has $354.84 Million Position in Parker-Hannifin Co. (NYSE:PH)

Voya Investment Management LLC grew its stake in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 62.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 558,140 shares of the industrial products company's stock after purchasing an additional 215,589 shares during the quarter. Voya Investment Management LLC owned about 0.43% of Parker-Hannifin worth $354,841,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. increased its stake in shares of Parker-Hannifin by 39.2% during the 3rd quarter. Franklin Resources Inc. now owns 645,516 shares of the industrial products company's stock worth $415,409,000 after purchasing an additional 181,859 shares during the last quarter. Howard Capital Management Group LLC bought a new stake in Parker-Hannifin in the fourth quarter valued at approximately $23,390,000. SG Americas Securities LLC increased its holdings in shares of Parker-Hannifin by 752.5% during the 4th quarter. SG Americas Securities LLC now owns 24,381 shares of the industrial products company's stock worth $15,507,000 after acquiring an additional 21,521 shares during the last quarter. Columbus Macro LLC lifted its holdings in Parker-Hannifin by 485.2% during the 4th quarter. Columbus Macro LLC now owns 10,751 shares of the industrial products company's stock valued at $6,838,000 after purchasing an additional 8,914 shares during the last quarter. Finally, Congress Asset Management Co. increased its holdings 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 valued at $121,292,000 after purchasing an additional 25,605 shares during the last quarter. Institutional investors own 82.44% of the company's stock.

Analyst Upgrades and Downgrades

PH has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price on shares of Parker-Hannifin from $710.00 to $775.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Evercore ISI upped their target price on Parker-Hannifin from $777.00 to $824.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Stifel Nicolaus dropped their price target on Parker-Hannifin from $691.00 to $564.00 and set a "hold" rating for the company in a report on Monday, April 14th. StockNews.com lowered Parker-Hannifin from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Finally, Wolfe Research downgraded Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Parker-Hannifin currently has an average rating of "Moderate Buy" and a consensus target price of $705.35.

Parker-Hannifin Price Performance

PH traded up $4.21 during trading on Tuesday, hitting $601.30. 226,923 shares of the stock traded hands, compared to its average volume of 834,004. 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 $77.40 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 2.85 and a beta of 1.39. Parker-Hannifin Co. has a twelve month low of $488.45 and a twelve month high of $718.44. The business has a 50 day moving average price of $605.53 and a 200 day moving average price of $646.60.

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%. Equities research analysts forecast that Parker-Hannifin Co. will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 1.20%. This is a positive change from Parker-Hannifin's previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Friday, May 9th. Parker-Hannifin's payout ratio is presently 29.80%.

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.