31,782 Shares in Parker-Hannifin Co. (NYSE:PH) Acquired by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. purchased a new position in Parker-Hannifin Co. (NYSE:PH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 31,782 shares of the industrial products company's stock, valued at approximately $20,214,000.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Parker-Hannifin by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 10,854,774 shares of the industrial products company's stock worth $6,903,962,000 after purchasing an additional 111,406 shares in the last quarter. Geode Capital Management LLC increased its stake in Parker-Hannifin by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 2,677,092 shares of the industrial products company's stock worth $1,699,580,000 after buying an additional 99,261 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Parker-Hannifin by 8.6% during the fourth quarter. Invesco Ltd. now owns 2,502,728 shares of the industrial products company's stock valued at $1,591,810,000 after acquiring an additional 198,292 shares during the last quarter. Norges Bank purchased a new position in shares of Parker-Hannifin in the fourth quarter valued at approximately $1,106,132,000. Finally, Proficio Capital Partners LLC boosted its stake in shares of Parker-Hannifin by 116,370.3% in the fourth quarter. Proficio Capital Partners LLC now owns 1,140,244 shares of the industrial products company's stock worth $725,229,000 after acquiring an additional 1,139,265 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.

Wall Street Analyst Weigh In

PH has been the subject of a number of recent research reports. Stifel Nicolaus cut their price objective on shares of Parker-Hannifin from $691.00 to $564.00 and set a "hold" rating for the company in a report on Monday, April 14th. KeyCorp lowered their price objective on Parker-Hannifin from $790.00 to $690.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut Parker-Hannifin from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Wolfe Research cut shares of Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company lifted their target price 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 analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Parker-Hannifin presently has a consensus rating of "Moderate Buy" and an average price target of $705.35.

Parker-Hannifin Stock Performance

Shares of NYSE:PH traded up $0.87 during trading on Friday, hitting $597.68. 530,407 shares of the company traded hands, compared to its average volume of 715,241. The stock 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 Co. has a one year low of $488.45 and a one 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 business's fifty day moving average is $607.62 and its 200-day moving average is $646.67.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted 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 net margin of 15.87% and a return on equity of 27.34%. 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. Investors of record on Friday, May 9th will be issued a $1.80 dividend. This is an increase from Parker-Hannifin's previous quarterly dividend of $1.63. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, May 9th. Parker-Hannifin's payout ratio is presently 26.99%.

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.