1,048 Shares in Parker-Hannifin Co. (NYSE:PH) Acquired by 111 Capital

111 Capital purchased a new stake in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,048 shares of the industrial products company's stock, valued at approximately $667,000.

A number of other institutional investors have also recently made changes to their positions in PH. Brighton Jones LLC lifted its position in shares of Parker-Hannifin by 5.9% during the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company's stock valued at $1,150,000 after buying an additional 101 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Parker-Hannifin by 20.9% during the 4th quarter. Blue Trust Inc. now owns 2,375 shares of the industrial products company's stock valued at $1,500,000 after buying an additional 411 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Parker-Hannifin during the 4th quarter valued at $32,781,000. KBC Group NV lifted its position in shares of Parker-Hannifin by 17.7% during the 4th quarter. KBC Group NV now owns 45,484 shares of the industrial products company's stock valued at $28,929,000 after buying an additional 6,851 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of Parker-Hannifin by 9.8% during the 4th quarter. Pacer Advisors Inc. now owns 10,458 shares of the industrial products company's stock valued at $6,652,000 after buying an additional 936 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PH. Stifel Nicolaus upped their price target on Parker-Hannifin from $564.00 to $630.00 and gave the company a "hold" rating in a research report on Friday, May 2nd. Wall Street Zen lowered Parker-Hannifin from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Mizuho set a $785.00 price objective on Parker-Hannifin in a research note on Friday, May 16th. Evercore ISI boosted their price objective on Parker-Hannifin from $824.00 to $827.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Finally, Wolfe Research lowered Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Parker-Hannifin currently has a consensus rating of "Moderate Buy" and an average target price of $718.44.

Parker-Hannifin Price Performance

Shares of NYSE:PH traded down $3.38 on Friday, hitting $663.85. The company's stock had a trading volume of 1,042,542 shares, compared to its average volume of 716,134. The company has a 50-day simple moving average of $612.05 and a 200 day simple moving average of $646.47. Parker-Hannifin Co. has a 1 year low of $488.45 and a 1 year high of $718.44. The company has a market capitalization of $84.83 billion, a PE ratio of 27.48, a PEG ratio of 2.85 and a beta of 1.36. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $6.94 earnings per share for the quarter, beating the consensus estimate of $6.72 by $0.22. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. The firm had revenue of $4.96 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter last year, the firm posted $6.51 EPS. The company's revenue was down 2.2% compared to the same quarter last year. Sell-side analysts forecast that Parker-Hannifin Co. will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors 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 dividend yield of 1.08%. This is a boost from Parker-Hannifin's previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Friday, May 9th. Parker-Hannifin's dividend payout ratio (DPR) is currently 27.72%.

Insider Activity at Parker-Hannifin

In related news, VP Jay Reidy sold 150 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $620.37, for a total transaction of $93,055.50. Following the transaction, the vice president now directly owns 2,083 shares of the company's stock, valued at approximately $1,292,230.71. This trade represents a 6.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.39% of the stock is currently owned by insiders.

Parker-Hannifin 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.