Mn Services Vermogensbeheer B.V. Grows Stake in Parker-Hannifin Co. (NYSE:PH)

Mn Services Vermogensbeheer B.V. lifted its holdings in Parker-Hannifin Co. (NYSE:PH) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 50,674 shares of the industrial products company’s stock after purchasing an additional 700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Parker-Hannifin were worth $32,230,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Lineweaver Wealth Advisors LLC purchased a new position in shares of Parker-Hannifin during the 4th quarter valued at approximately $219,000. Nwam LLC lifted its holdings in Parker-Hannifin by 5.1% during the 4th quarter. Nwam LLC now owns 1,677 shares of the industrial products company’s stock worth $1,067,000 after buying an additional 81 shares in the last quarter. GenTrust LLC grew its holdings in Parker-Hannifin by 2.9% during the 4th quarter. GenTrust LLC now owns 524 shares of the industrial products company’s stock worth $333,000 after acquiring an additional 15 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Parker-Hannifin in the 4th quarter valued at $25,000. Finally, NewEdge Wealth LLC grew its holdings in shares of Parker-Hannifin by 9.9% during the fourth quarter. NewEdge Wealth LLC now owns 12,020 shares of the industrial products company’s stock worth $7,645,000 after buying an additional 1,086 shares during the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PH has been the topic of several recent analyst reports. TD Cowen upped their target price on shares of Parker-Hannifin from $520.00 to $575.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. Citigroup initiated coverage on Parker-Hannifin in a research report on Friday, February 7th. They set a “buy” rating and a $795.00 target price on the stock. Stifel Nicolaus upped their price objective on Parker-Hannifin from $689.00 to $691.00 and gave the stock a “hold” rating in a report on Friday, January 31st. 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. Finally, KeyCorp upped their target price on Parker-Hannifin from $775.00 to $790.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $739.06.

Parker-Hannifin Trading Up 0.5 %

NYSE:PH opened at $660.70 on Thursday. 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 firm has a market capitalization of $85.05 billion, a P/E ratio of 27.35, a PEG ratio of 2.85 and a beta of 1.45. Parker-Hannifin Co. has a one year low of $492.71 and a one year high of $718.44. The company’s 50-day simple moving average is $665.42 and its 200 day simple moving average is $647.85.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $6.53 earnings per share for the quarter, topping the consensus estimate of $6.23 by $0.30. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. As a group, analysts forecast that Parker-Hannifin Co. will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 7th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, February 7th. Parker-Hannifin’s payout ratio is 26.99%.

Parker-Hannifin Company 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.