Parker-Hannifin Co. (NYSE:PH) Stock Holdings Lowered by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lowered its position in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,340 shares of the industrial products company's stock after selling 582 shares during the period. Public Employees Retirement Association of Colorado's holdings in Parker-Hannifin were worth $11,029,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC bought a new position in Parker-Hannifin in the 4th quarter valued at about $25,000. Aster Capital Management DIFC Ltd bought a new position in shares of Parker-Hannifin in the fourth quarter valued at approximately $25,000. Millstone Evans Group LLC acquired a new position in shares of Parker-Hannifin during the fourth quarter valued at approximately $30,000. Bank of New Hampshire bought a new stake in Parker-Hannifin during the fourth quarter worth approximately $35,000. Finally, Kestra Investment Management LLC bought a new stake in Parker-Hannifin during the fourth quarter worth approximately $40,000. Institutional investors own 82.44% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Stifel Nicolaus dropped their target price on Parker-Hannifin from $691.00 to $564.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Citigroup dropped their target price on Parker-Hannifin from $795.00 to $665.00 and set a "buy" rating on the stock in a report on Monday, April 14th. StockNews.com cut Parker-Hannifin from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. UBS Group dropped their target price on Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Finally, KeyCorp dropped their target price on Parker-Hannifin from $790.00 to $690.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Parker-Hannifin has a consensus rating of "Moderate Buy" and a consensus price target of $705.35.

Parker-Hannifin Trading Down 0.2 %

Parker-Hannifin stock opened at $597.00 on Tuesday. The company's fifty day simple moving average is $605.53 and its 200-day simple moving average is $646.60. 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 Co. has a 12 month low of $488.45 and a 12 month high of $718.44. The stock has a market cap of $76.85 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.85 and a beta of 1.39.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $6.53 EPS for the quarter, beating the consensus estimate of $6.23 by $0.30. Parker-Hannifin had a net margin of 15.87% and a return on equity of 27.34%. As a group, sell-side analysts forecast that Parker-Hannifin Co. will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm 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 $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 1.21%. 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 payout ratio is presently 29.80%.

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.

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