Universal Beteiligungs und Servicegesellschaft mbH Has $52.95 Million Holdings in Parker-Hannifin Corporation (NYSE:PH)

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 4.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,107 shares of the industrial products company's stock after selling 4,094 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Parker-Hannifin worth $52,948,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PH. Geode Capital Management LLC increased its stake in shares of Parker-Hannifin by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 2,677,092 shares of the industrial products company's stock valued at $1,699,580,000 after buying an additional 99,261 shares during the period. Invesco Ltd. increased its stake in shares of Parker-Hannifin by 8.6% in the 4th quarter. Invesco Ltd. now owns 2,502,728 shares of the industrial products company's stock valued at $1,591,810,000 after buying an additional 198,292 shares during the period. Royal Bank of Canada increased its stake in shares of Parker-Hannifin by 99.8% in the 4th 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 period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Parker-Hannifin by 9.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,016,091 shares of the industrial products company's stock valued at $1,282,294,000 after buying an additional 172,064 shares during the period. Finally, Norges Bank acquired a new stake in shares of Parker-Hannifin in the 4th quarter valued at $1,106,132,000. Institutional investors own 82.44% of the company's stock.

Wall Street Analyst Weigh In

PH has been the subject of several research reports. Stifel Nicolaus lifted their target price on Parker-Hannifin from $709.00 to $717.00 and gave the company a "hold" rating in a research note on Monday, July 21st. Argus set a $680.00 target price on Parker-Hannifin in a research note on Tuesday, May 6th. Wolfe Research cut Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Truist Financial dropped their target price on shares of Parker-Hannifin from $842.00 to $717.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Evercore ISI upped their target price on shares of Parker-Hannifin from $824.00 to $827.00 and gave the company an "outperform" rating in a research 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $739.59.

Parker-Hannifin Trading Up 1.1%

Shares of PH stock traded up $8.28 on Friday, hitting $737.90. The stock had a trading volume of 499,828 shares, compared to its average volume of 517,332. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $740.83. The firm has a market cap of $94.29 billion, a P/E ratio of 28.41, a PEG ratio of 3.15 and a beta of 1.34. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 0.55. The company has a fifty day moving average price of $686.08 and a two-hundred day moving average price of $651.70.

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

Insiders Place Their Bets

In related news, VP Jay Reidy sold 150 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $620.37, for a total value of $93,055.50. Following the completion of the transaction, the vice president directly owned 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.39% of the company's stock.

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.