DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Acquires 172,064 Shares of Parker-Hannifin Co. (NYSE:PH)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Parker-Hannifin Co. (NYSE:PH - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,016,091 shares of the industrial products company's stock after buying an additional 172,064 shares during the quarter. Parker-Hannifin accounts for approximately 1.3% of DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings, making the stock its 19th biggest holding. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned 1.57% of Parker-Hannifin worth $1,282,294,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PH. Global Retirement Partners LLC lifted its stake in Parker-Hannifin by 1.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,392 shares of the industrial products company's stock valued at $886,000 after purchasing an additional 15 shares during the last quarter. FFT Wealth Management LLC lifted its position in shares of Parker-Hannifin by 1.3% in the fourth quarter. FFT Wealth Management LLC now owns 1,150 shares of the industrial products company's stock valued at $732,000 after buying an additional 15 shares during the last quarter. GenTrust LLC boosted its stake in shares of 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 during the period. Grove Bank & Trust increased its holdings in shares of Parker-Hannifin by 11.9% during the 4th quarter. Grove Bank & Trust now owns 150 shares of the industrial products company's stock worth $95,000 after acquiring an additional 16 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC raised its stake in Parker-Hannifin by 0.6% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 2,709 shares of the industrial products company's stock valued at $1,723,000 after acquiring an additional 16 shares during the period. 82.44% of the stock is owned by institutional investors.

Insider Activity

In other Parker-Hannifin news, VP Jay Reidy sold 150 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $620.37, for a total transaction of $93,055.50. Following the completion of the sale, the vice president now owns 2,083 shares of the company's stock, valued at approximately $1,292,230.71. This represents a 6.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

PH has been the topic of several research reports. Barclays decreased their price objective on shares of Parker-Hannifin from $750.00 to $700.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Evercore ISI increased their price target on shares of Parker-Hannifin from $777.00 to $824.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Argus set a $680.00 price objective on Parker-Hannifin in a report on Tuesday. StockNews.com lowered Parker-Hannifin from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Finally, Stifel Nicolaus upped their price objective on Parker-Hannifin from $564.00 to $630.00 and gave the company a "hold" rating in a report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $710.12.

Parker-Hannifin Price Performance

NYSE PH traded up $6.10 during trading on Friday, hitting $647.60. 1,298,766 shares of the company's stock were exchanged, compared to its average volume of 720,263. The company has a market cap of $83.36 billion, a PE ratio of 26.80, a P/E/G ratio of 2.85 and a beta of 1.36. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51. Parker-Hannifin Co. has a fifty-two week low of $488.45 and a fifty-two week high of $718.44. The stock's 50 day moving average price is $598.40 and its two-hundred day moving average price is $645.36.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $6.94 EPS for the quarter, beating the consensus estimate of $6.72 by $0.22. The business had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.99 billion. Parker-Hannifin had a net margin of 15.87% and a return on equity of 27.34%. The firm's revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.51 EPS. Research analysts expect that Parker-Hannifin Co. will post 26.71 EPS for the current year.

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 9th will be given a $1.80 dividend. This is a boost from Parker-Hannifin's previous quarterly dividend of $1.63. This represents a $7.20 annualized dividend and a yield of 1.11%. The ex-dividend date is Friday, May 9th. Parker-Hannifin's dividend payout ratio is 27.72%.

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.