United Capital Financial Advisors LLC Sells 455 Shares of Parker-Hannifin Co. (NYSE:PH)

United Capital Financial Advisors LLC reduced its holdings in Parker-Hannifin Co. (NYSE:PH - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,062 shares of the industrial products company's stock after selling 455 shares during the period. United Capital Financial Advisors LLC's holdings in Parker-Hannifin were worth $20,392,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PH. Norges Bank acquired a new stake in shares of Parker-Hannifin during the 4th quarter valued at about $1,106,132,000. Proficio Capital Partners LLC lifted its stake in Parker-Hannifin by 116,370.3% in the fourth quarter. Proficio Capital Partners LLC now owns 1,140,244 shares of the industrial products company's stock valued at $725,229,000 after acquiring an additional 1,139,265 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Parker-Hannifin by 176.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 438,126 shares of the industrial products company's stock worth $278,661,000 after acquiring an additional 279,480 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Parker-Hannifin during the 4th quarter worth $175,739,000. Finally, Franklin Resources Inc. raised its holdings in shares of Parker-Hannifin by 41.1% during the 4th quarter. Franklin Resources Inc. now owns 911,075 shares of the industrial products company's stock valued at $579,471,000 after purchasing an additional 265,559 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citigroup lowered their target price on shares of Parker-Hannifin from $795.00 to $665.00 and set a "buy" rating on the stock in a research report on Monday. Barclays cut their price objective on Parker-Hannifin from $750.00 to $700.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. UBS Group decreased their target price on Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating for the company in a research report on Friday, January 31st. StockNews.com lowered shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Finally, Wells Fargo & Company upped their price objective 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. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $705.35.

Parker-Hannifin Stock Performance

PH traded up $1.76 during trading on Friday, reaching $561.21. 558,227 shares of the company's stock were exchanged, compared to its average volume of 712,584. Parker-Hannifin Co. has a fifty-two week low of $488.45 and a fifty-two week high of $718.44. The company has a market capitalization of $72.24 billion, a P/E ratio of 23.23, a PEG ratio of 2.85 and a beta of 1.39. 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 business has a 50 day moving average price of $619.17 and a 200 day moving average price of $648.41.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings results 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%. As a group, analysts predict that Parker-Hannifin Co. will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 7th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Friday, February 7th. Parker-Hannifin's dividend payout ratio (DPR) is currently 26.99%.

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.