Parker-Hannifin Co. (NYSE:PH) Shares Bought by LMR Partners LLP

LMR Partners LLP increased its position in Parker-Hannifin Co. (NYSE:PH - Free Report) by 99.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,386 shares of the industrial products company's stock after buying an additional 692 shares during the period. LMR Partners LLP's holdings in Parker-Hannifin were worth $882,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PH. Czech National Bank lifted its stake in shares of Parker-Hannifin by 6.6% in the 4th quarter. Czech National Bank now owns 27,910 shares of the industrial products company's stock valued at $17,752,000 after purchasing an additional 1,725 shares during the last quarter. Brookstone Capital Management lifted its position in Parker-Hannifin by 4.2% in the fourth quarter. Brookstone Capital Management now owns 5,518 shares of the industrial products company's stock worth $3,509,000 after buying an additional 224 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in Parker-Hannifin by 14.2% during the fourth quarter. Capital Investment Advisors LLC now owns 484 shares of the industrial products company's stock worth $308,000 after buying an additional 60 shares during the period. Cooper Financial Group increased its position in Parker-Hannifin by 6.1% during the fourth quarter. Cooper Financial Group now owns 832 shares of the industrial products company's stock valued at $529,000 after acquiring an additional 48 shares during the last quarter. Finally, Miracle Mile Advisors LLC raised its stake in shares of Parker-Hannifin by 42.1% in the fourth quarter. Miracle Mile Advisors LLC now owns 6,225 shares of the industrial products company's stock valued at $3,959,000 after acquiring an additional 1,844 shares during the period. Hedge funds and other institutional investors own 82.44% of the company's stock.

Insider Buying and Selling

In other Parker-Hannifin news, VP Jay Reidy sold 150 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $620.37, for a total transaction of $93,055.50. Following the transaction, the vice president now owns 2,083 shares in the company, 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 SEC, which can be accessed through the SEC website. 0.39% of the stock is owned by company insiders.

Parker-Hannifin Stock Down 0.2%

Shares of NYSE PH traded down $1.34 during mid-day trading on Monday, reaching $679.06. 226,728 shares of the company were exchanged, compared to its average volume of 717,259. The firm has a 50-day moving average of $603.37 and a 200 day moving average of $647.33. Parker-Hannifin Co. has a 1 year low of $488.45 and a 1 year high of $718.44. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The stock has a market cap of $86.77 billion, a price-to-earnings ratio of 28.04, a P/E/G ratio of 2.85 and a beta of 1.36.

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 analysts' consensus estimates of $6.72 by $0.22. Parker-Hannifin had a net margin of 15.87% and a return on equity of 27.34%. The business had revenue of $4.96 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same period last year, the business earned $6.51 EPS. The company's revenue was down 2.2% compared to the same quarter last year. On average, research analysts expect that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 9th will be given a $1.80 dividend. 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. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.06%. Parker-Hannifin's dividend payout ratio (DPR) is presently 27.72%.

Analysts Set New Price Targets

Several equities analysts recently commented 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. KeyCorp upped their target price on Parker-Hannifin from $690.00 to $735.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Mizuho set a $785.00 price objective on Parker-Hannifin in a research report on Friday. Barclays decreased their target price on Parker-Hannifin from $750.00 to $700.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Wells Fargo & Company raised their price target on shares of Parker-Hannifin from $710.00 to $775.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $718.44.

Parker-Hannifin Company 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.