Mufg Securities Americas Inc. Makes New Investment in Parker-Hannifin Co. (NYSE:PH)

Mufg Securities Americas Inc. acquired 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 Securities and Exchange Commission. The fund acquired 1,900 shares of the industrial products company's stock, valued at approximately $1,208,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. NorthRock Partners LLC grew its holdings in shares of Parker-Hannifin by 184.1% during the fourth quarter. NorthRock Partners LLC now owns 1,574 shares of the industrial products company's stock worth $1,001,000 after buying an additional 1,020 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Parker-Hannifin by 6.0% in the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,380 shares of the industrial products company's stock worth $19,323,000 after buying an additional 1,710 shares in the last quarter. OMERS ADMINISTRATION Corp grew its position in shares of Parker-Hannifin by 6,912.4% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 312,472 shares of the industrial products company's stock worth $198,742,000 after buying an additional 308,016 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Parker-Hannifin by 6.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 508,573 shares of the industrial products company's stock valued at $323,468,000 after buying an additional 32,419 shares during the last quarter. Finally, Moore Capital Management LP lifted its position in shares of Parker-Hannifin by 150.1% in the 4th quarter. Moore Capital Management LP now owns 16,369 shares of the industrial products company's stock worth $10,411,000 after buying an additional 49,013 shares during the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Stock Down 0.5%

Shares of PH opened at $675.26 on Thursday. 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 company has a 50-day moving average price of $600.70 and a two-hundred day moving average price of $646.37. The stock has a market cap of $86.28 billion, a price-to-earnings ratio of 27.95, a P/E/G ratio of 2.85 and a beta of 1.36. Parker-Hannifin Co. has a 12 month low of $488.45 and a 12 month high of $718.44.

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 analysts' consensus estimates of $6.72 by $0.22. The business had revenue of $4.96 billion during the quarter, compared to analysts' expectations of $4.99 billion. Parker-Hannifin had a net margin of 15.87% and a return on equity of 27.34%. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the company posted $6.51 EPS. Equities analysts predict 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. Shareholders of record on Friday, May 9th will be given a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, May 9th. This is a boost from Parker-Hannifin's previous quarterly dividend of $1.63. Parker-Hannifin's dividend payout ratio (DPR) is presently 27.72%.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin 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 transaction of $93,055.50. Following the completion of the sale, the vice president now owns 2,083 shares in the company, valued at approximately $1,292,230.71. The trade was a 6.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.39% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PH. Wolfe Research downgraded Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. Citigroup cut their price objective on Parker-Hannifin from $795.00 to $665.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Barclays dropped their price objective on shares of Parker-Hannifin from $750.00 to $700.00 and set an "overweight" rating on the stock in a research note on Thursday, April 10th. Stifel Nicolaus raised their price target on shares of Parker-Hannifin from $564.00 to $630.00 and gave the company a "hold" rating in a report on Friday, May 2nd. Finally, UBS Group lowered their price target on Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $710.12.

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.

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