Parker-Hannifin Co. (NYSE:PH) Stock Holdings Reduced by Norinchukin Bank The

Norinchukin Bank The lowered its stake in Parker-Hannifin Co. (NYSE:PHGet Rating) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,802 shares of the industrial products company’s stock after selling 67 shares during the period. Norinchukin Bank The’s holdings in Parker-Hannifin were worth $3,436,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Capital Fund Management S.A. raised its holdings in Parker-Hannifin by 25.0% in the 4th quarter. Capital Fund Management S.A. now owns 26,667 shares of the industrial products company’s stock valued at $8,483,000 after acquiring an additional 5,339 shares in the last quarter. Pinebridge Investments L.P. grew its stake in shares of Parker-Hannifin by 10.4% in the 4th quarter. Pinebridge Investments L.P. now owns 98,048 shares of the industrial products company’s stock valued at $31,191,000 after purchasing an additional 9,229 shares during the period. Citigroup Inc. grew its stake in shares of Parker-Hannifin by 2.0% in the 4th quarter. Citigroup Inc. now owns 97,581 shares of the industrial products company’s stock valued at $31,042,000 after purchasing an additional 1,931 shares during the period. Acadian Asset Management LLC grew its stake in shares of Parker-Hannifin by 509.0% in the 4th quarter. Acadian Asset Management LLC now owns 3,660 shares of the industrial products company’s stock valued at $1,162,000 after purchasing an additional 3,059 shares during the period. Finally, Capital Analysts LLC grew its stake in shares of Parker-Hannifin by 7.8% in the 4th quarter. Capital Analysts LLC now owns 1,041 shares of the industrial products company’s stock valued at $331,000 after purchasing an additional 75 shares during the period. 80.55% of the stock is owned by institutional investors.

PH stock opened at $265.35 on Friday. The stock has a 50-day moving average price of $278.57 and a two-hundred day moving average price of $300.47. The stock has a market cap of $34.06 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.61 and a beta of 1.57. The company has a current ratio of 1.52, a quick ratio of 1.09 and a debt-to-equity ratio of 0.69. Parker-Hannifin Co. has a 1 year low of $253.85 and a 1 year high of $340.00.

Parker-Hannifin (NYSE:PHGet Rating) last released its earnings results on Thursday, May 5th. The industrial products company reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.65 by $0.18. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.07 billion. Parker-Hannifin had a return on equity of 27.07% and a net margin of 10.82%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.11 EPS. On average, analysts forecast that Parker-Hannifin Co. will post 18.23 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Friday, May 13th will be issued a $1.33 dividend. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $5.32 annualized dividend and a dividend yield of 2.00%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 31.86%.

In other Parker-Hannifin news, Director James L. Wainscott purchased 1,000 shares of Parker-Hannifin stock in a transaction that occurred on Monday, May 9th. The stock was acquired at an average price of $273.44 per share, for a total transaction of $273,440.00. Following the completion of the acquisition, the director now owns 18,280 shares of the company’s stock, valued at approximately $4,998,483.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James L. Wainscott purchased 2,000 shares of Parker-Hannifin stock in a transaction that occurred on Friday, May 6th. The shares were acquired at an average price of $267.78 per share, with a total value of $535,560.00. Following the acquisition, the director now directly owns 17,280 shares of the company’s stock, valued at approximately $4,627,238.40. The disclosure for this purchase can be found here. 1.47% of the stock is owned by company insiders.

Several research firms have recently weighed in on PH. Stifel Nicolaus lowered their price objective on Parker-Hannifin from $384.00 to $338.00 and set a “buy” rating on the stock in a research note on Monday, April 18th. Mizuho decreased their price target on Parker-Hannifin from $305.00 to $290.00 in a research report on Friday, May 6th. Jefferies Financial Group decreased their price target on Parker-Hannifin from $380.00 to $350.00 and set a “buy” rating on the stock in a research report on Friday, March 4th. Deutsche Bank Aktiengesellschaft decreased their price target on Parker-Hannifin from $343.00 to $335.00 and set a “hold” rating on the stock in a research report on Thursday, April 14th. Finally, Barclays decreased their price target on Parker-Hannifin from $376.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, April 4th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Parker-Hannifin has an average rating of “Buy” and an average price target of $356.71.

Parker-Hannifin Profile (Get Rating)

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 Company's Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.

See Also

Institutional Ownership by Quarter for Parker-Hannifin (NYSE:PH)

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