Commerzbank Aktiengesellschaft FI Has $1.04 Million Holdings in Parker-Hannifin Corporation (NYSE:PH)

Commerzbank Aktiengesellschaft FI lifted its position in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 29.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,710 shares of the industrial products company's stock after acquiring an additional 385 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Parker-Hannifin were worth $1,040,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. HUB Investment Partners LLC lifted its stake in Parker-Hannifin by 15.7% in the 4th quarter. HUB Investment Partners LLC now owns 7,798 shares of the industrial products company's stock worth $4,960,000 after purchasing an additional 1,057 shares in the last quarter. SG Americas Securities LLC lifted its stake in Parker-Hannifin by 27.2% in the 1st quarter. SG Americas Securities LLC now owns 31,011 shares of the industrial products company's stock worth $18,850,000 after purchasing an additional 6,630 shares in the last quarter. Congress Wealth Management LLC DE lifted its stake in Parker-Hannifin by 67.8% in the 4th quarter. Congress Wealth Management LLC DE now owns 45,806 shares of the industrial products company's stock worth $29,135,000 after purchasing an additional 18,503 shares in the last quarter. Alley Investment Management Company LLC purchased a new position in Parker-Hannifin in the 1st quarter worth approximately $7,996,000. Finally, Washington Trust Bank lifted its stake in Parker-Hannifin by 3,019.5% in the 4th quarter. Washington Trust Bank now owns 15,535 shares of the industrial products company's stock worth $9,881,000 after purchasing an additional 15,037 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Jay Reidy sold 150 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $620.37, for a total transaction of $93,055.50. Following the sale, the vice president owned 2,083 shares of the company's stock, valued at $1,292,230.71. This represents a 6.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.39% of the company's stock.

Parker-Hannifin Trading Down 0.1%

Shares of Parker-Hannifin stock traded down $0.73 during trading on Friday, hitting $722.53. The stock had a trading volume of 485,874 shares, compared to its average volume of 687,632. The stock has a 50 day simple moving average of $680.98 and a 200 day simple moving average of $648.59. The company has a market capitalization of $92.32 billion, a PE ratio of 27.82, a P/E/G ratio of 3.11 and a beta of 1.34. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 0.55. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $727.30.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $6.94 EPS for the quarter, beating analysts' consensus estimates of $6.72 by $0.22. Parker-Hannifin had a net margin of 17.14% and a return on equity of 26.80%. The firm had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the previous year, the firm posted $6.51 earnings per share. The firm's revenue was down 2.2% on a year-over-year basis. On average, research analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 9th were issued a $1.80 dividend. This is a positive change from Parker-Hannifin's previous quarterly dividend of $1.63. The ex-dividend date was Friday, May 9th. This represents a $7.20 annualized dividend and a dividend yield of 1.00%. Parker-Hannifin's dividend payout ratio is presently 27.72%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PH shares. Wolfe Research downgraded shares of Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Wells Fargo & Company raised their price target on shares of Parker-Hannifin from $670.00 to $770.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Mizuho set a $785.00 target price on shares of Parker-Hannifin in a report on Friday, May 16th. Barclays lifted their target price on shares of Parker-Hannifin from $700.00 to $750.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Finally, Evercore ISI lifted their target price on shares of Parker-Hannifin from $824.00 to $827.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $739.12.

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.