OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Position in Parker-Hannifin Co. (NYSE:PH)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Parker-Hannifin Co. (NYSE:PH - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,380 shares of the industrial products company's stock after buying an additional 1,710 shares during the quarter. Parker-Hannifin accounts for 1.5% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings, making the stock its 9th biggest holding. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Parker-Hannifin were worth $19,323,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PH. OMERS ADMINISTRATION Corp raised its stake in 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 acquiring an additional 308,016 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 in the last quarter. Moore Capital Management LP boosted its position in Parker-Hannifin by 150.1% in the fourth quarter. Moore Capital Management LP now owns 16,369 shares of the industrial products company's stock valued at $10,411,000 after buying an additional 49,013 shares in the last quarter. LMR Partners LLP grew its stake in shares of Parker-Hannifin by 99.7% during the fourth quarter. LMR Partners LLP now owns 1,386 shares of the industrial products company's stock worth $882,000 after buying an additional 692 shares during the last quarter. Finally, Lighthouse Investment Partners LLC increased its holdings in shares of Parker-Hannifin by 100.0% during the fourth quarter. Lighthouse Investment Partners LLC now owns 6,000 shares of the industrial products company's stock worth $3,816,000 after buying an additional 3,000 shares in the last quarter. Institutional investors own 82.44% of the company's stock.

Insiders Place Their Bets

In related news, VP Jay Reidy sold 150 shares of the firm'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 sale, the vice president now owns 2,083 shares of the company's stock, valued at $1,292,230.71. This trade represents a 6.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.39% of the company's stock.

Parker-Hannifin Stock Performance

Shares of NYSE:PH traded up $8.31 during mid-day trading on Friday, reaching $680.95. The company had a trading volume of 458,022 shares, compared to its average volume of 719,563. Parker-Hannifin Co. has a one year low of $488.45 and a one year high of $718.44. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51. The company's 50-day moving average price is $602.00 and its 200-day moving average price is $646.70. The firm has a market cap of $87.01 billion, a price-to-earnings ratio of 28.19, a PEG ratio of 2.85 and a beta of 1.36.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted 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. The firm 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 27.34% and a net margin of 15.87%. During the same quarter in the prior year, the business posted $6.51 earnings per share. The business's quarterly revenue was down 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that Parker-Hannifin Co. will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 9th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $7.20 annualized dividend and a yield of 1.06%. This is a boost from Parker-Hannifin's previous quarterly dividend of $1.63. Parker-Hannifin's payout ratio is currently 27.72%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PH shares. Wolfe Research lowered shares of Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Stifel Nicolaus lifted their price target on shares of Parker-Hannifin from $564.00 to $630.00 and gave the company a "hold" rating in a research report on Friday, May 2nd. Barclays dropped their target price on Parker-Hannifin from $750.00 to $700.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. StockNews.com downgraded Parker-Hannifin from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Finally, Citigroup dropped their price objective 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. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Parker-Hannifin presently has an average rating of "Moderate Buy" and a consensus price target 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.