Natixis Advisors LLC Increases Holdings in Parker-Hannifin Corporation (NYSE:PH)

Natixis Advisors LLC boosted its stake in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,544 shares of the industrial products company's stock after purchasing an additional 2,101 shares during the quarter. Natixis Advisors LLC owned about 0.15% of Parker-Hannifin worth $114,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in Parker-Hannifin by 66,111.8% in the first quarter. GAMMA Investing LLC now owns 1,735,412 shares of the industrial products company's stock valued at $1,054,870,000 after buying an additional 1,732,791 shares during the last quarter. Royal Bank of Canada raised its stake in Parker-Hannifin by 99.8% in the fourth quarter. Royal Bank of Canada now owns 2,277,001 shares of the industrial products company's stock valued at $1,448,241,000 after buying an additional 1,137,564 shares during the last quarter. Capital World Investors purchased a new stake in Parker-Hannifin in the fourth quarter valued at about $418,174,000. OMERS ADMINISTRATION Corp raised its stake in Parker-Hannifin by 6,912.4% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 312,472 shares of the industrial products company's stock valued at $198,742,000 after buying an additional 308,016 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Parker-Hannifin by 44.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 865,970 shares of the industrial products company's stock valued at $550,783,000 after buying an additional 265,768 shares during the last quarter. Institutional investors own 82.44% of the company's stock.

Analyst Ratings Changes

PH has been the subject of a number of research analyst reports. Barclays increased their price target on Parker-Hannifin from $700.00 to $750.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Morgan Stanley increased their price objective on Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Mizuho set a $785.00 price objective on Parker-Hannifin in a report on Friday, May 16th. Wells Fargo & Company increased their price objective on Parker-Hannifin from $670.00 to $770.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Finally, Evercore ISI raised their target price on Parker-Hannifin from $824.00 to $827.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $739.59.

Parker-Hannifin Price Performance

Shares of NYSE PH traded down $20.40 during midday trading on Friday, hitting $711.50. The stock had a trading volume of 903,021 shares, compared to its average volume of 745,527. The company has a market capitalization of $90.92 billion, a PE ratio of 27.40, a P/E/G ratio of 3.13 and a beta of 1.34. The stock has a 50 day simple moving average of $691.28 and a 200-day simple moving average of $654.30. Parker-Hannifin Corporation has a 1 year low of $488.45 and a 1 year high of $745.34. 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 (NYSE:PH - Get Free Report) last released its 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. The business had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.99 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.14%. The business's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $6.51 earnings per share. On average, sell-side analysts expect that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

About Parker-Hannifin

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.