Fjarde AP Fonden Fourth Swedish National Pension Fund Has $13.24 Million Stock Holdings in Parker-Hannifin Co. (NYSE:PH)

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in shares of Parker-Hannifin Co. (NYSE:PH) by 2.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,810 shares of the industrial products company’s stock after selling 500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Parker-Hannifin were worth $13,236,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PH. Prestige Wealth Management Group LLC increased its position in Parker-Hannifin by 83.3% during the third quarter. Prestige Wealth Management Group LLC now owns 55 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 25 shares during the period. Bank of New Hampshire acquired a new position in shares of Parker-Hannifin during the 4th quarter worth approximately $35,000. Kestra Investment Management LLC bought a new position in shares of Parker-Hannifin during the fourth quarter worth approximately $40,000. Hager Investment Management Services LLC acquired a new stake in shares of Parker-Hannifin in the fourth quarter valued at approximately $44,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Parker-Hannifin in the fourth quarter valued at approximately $47,000. Institutional investors own 82.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on PH. Barclays lowered their price objective on Parker-Hannifin from $800.00 to $791.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. StockNews.com upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, February 8th. Argus upped their price objective on shares of Parker-Hannifin from $650.00 to $710.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Stifel Nicolaus raised their target price on shares of Parker-Hannifin from $689.00 to $691.00 and gave the company a “hold” rating in a report on Friday, January 31st. Finally, UBS Group cut their price target on shares of Parker-Hannifin from $842.00 to $805.00 and set a “buy” rating for the company in a report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $739.06.

Parker-Hannifin Stock Down 4.1 %

Shares of PH opened at $667.06 on Monday. The stock has a market capitalization of $85.86 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 2.85 and a beta of 1.45. Parker-Hannifin Co. has a 52 week low of $492.71 and a 52 week high of $718.44. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.59 and a current ratio of 1.06. The stock has a fifty day moving average of $665.56 and a 200-day moving average of $646.50.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $6.53 EPS for the quarter, beating analysts’ consensus estimates 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, sell-side analysts anticipate that Parker-Hannifin Co. will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 7th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.98%. The ex-dividend date is Friday, February 7th. Parker-Hannifin’s dividend payout ratio (DPR) is currently 26.99%.

Parker-Hannifin 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.