Universal Beteiligungs und Servicegesellschaft mbH Invests $58.01 Million in Parker-Hannifin Co. (NYSE:PH)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Parker-Hannifin Co. (NYSE:PH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 91,201 shares of the industrial products company's stock, valued at approximately $58,007,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of Parker-Hannifin as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the business. Mutual Advisors LLC grew its stake in shares of Parker-Hannifin by 7.5% in the 4th quarter. Mutual Advisors LLC now owns 659 shares of the industrial products company's stock valued at $434,000 after buying an additional 46 shares during the period. Brighton Jones LLC grew its holdings in shares of Parker-Hannifin by 5.9% in the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company's stock valued at $1,150,000 after acquiring an additional 101 shares in the last quarter. First Citizens Bank & Trust Co. grew its holdings in shares of Parker-Hannifin by 75.2% in the fourth quarter. First Citizens Bank & Trust Co. now owns 615 shares of the industrial products company's stock valued at $391,000 after acquiring an additional 264 shares in the last quarter. Blue Trust Inc. lifted its stake in Parker-Hannifin by 20.9% in the fourth quarter. Blue Trust Inc. now owns 2,375 shares of the industrial products company's stock valued at $1,500,000 after purchasing an additional 411 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new position in Parker-Hannifin in the fourth quarter valued at approximately $32,781,000. Institutional investors and hedge funds own 82.44% of the company's stock.

Insider Activity at Parker-Hannifin

In other news, VP Jay Reidy sold 150 shares of the business's stock in a transaction on Friday, May 2nd. The stock was 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 now owns 2,083 shares in the company, valued at $1,292,230.71. The trade was a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PH has been the subject of a number of analyst reports. Barclays cut their price target on Parker-Hannifin from $750.00 to $700.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Stifel Nicolaus raised 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. Evercore ISI raised 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. Citigroup cut their target price on Parker-Hannifin from $795.00 to $665.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Mizuho set a $785.00 target price on Parker-Hannifin in a research note on Friday, May 16th. Four 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 has an average rating of "Moderate Buy" and an average price target of $718.44.

Parker-Hannifin Stock Down 0.5%

Shares of NYSE:PH traded down $3.38 during trading on Friday, hitting $663.85. The stock had a trading volume of 1,042,542 shares, compared to its average volume of 716,134. Parker-Hannifin Co. has a 12 month low of $488.45 and a 12 month 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 firm's fifty day moving average is $612.05 and its 200 day moving average is $646.11. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.51.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $6.94 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the company earned $6.51 EPS. The business's revenue was down 2.2% compared to the same quarter last year. Analysts anticipate that Parker-Hannifin Co. will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 9th will be given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, May 9th. This is a positive change from Parker-Hannifin's previous quarterly dividend of $1.63. Parker-Hannifin's dividend payout ratio (DPR) is 27.72%.

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.