TD Waterhouse Canada Inc. Purchases 934 Shares of Parker-Hannifin Co. (NYSE:PH)

TD Waterhouse Canada Inc. boosted its holdings in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,707 shares of the industrial products company's stock after acquiring an additional 934 shares during the period. TD Waterhouse Canada Inc.'s holdings in Parker-Hannifin were worth $12,522,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Whipplewood Advisors LLC acquired a new position in shares of Parker-Hannifin in the 4th quarter valued at $25,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Parker-Hannifin in the 4th quarter valued at $25,000. Millstone Evans Group LLC acquired a new position in shares of Parker-Hannifin in the 4th quarter valued at $30,000. Bank of New Hampshire acquired a new position in shares of Parker-Hannifin in the 4th quarter valued at $35,000. Finally, Kestra Investment Management LLC acquired a new position in shares of Parker-Hannifin in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Stock Up 0.1 %

PH stock traded up $0.87 during mid-day trading on Friday, reaching $597.68. The company had a trading volume of 530,407 shares, compared to its average volume of 715,910. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59. Parker-Hannifin Co. has a 52 week low of $488.45 and a 52 week high of $718.44. The stock has a 50 day simple moving average of $607.62 and a two-hundred day simple moving average of $646.88. The company has a market capitalization of $76.93 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 2.85 and a beta of 1.39.

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

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 9th will be paid a dividend of $1.80 per share. This is an increase from Parker-Hannifin's previous quarterly dividend of $1.63. This represents a $7.20 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, May 9th. Parker-Hannifin's payout ratio is currently 29.80%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Citigroup reduced their target price on shares of Parker-Hannifin from $795.00 to $665.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Barclays reduced their target price on shares of Parker-Hannifin from $750.00 to $700.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Wolfe Research lowered shares of Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Finally, UBS Group reduced their target price on shares of Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating for the company in a research note 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $705.35.

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.