Blair William & Co. IL Has $14.43 Million Position in Parker-Hannifin Co. (NYSE:PH)

Blair William & Co. IL lessened its holdings in shares of Parker-Hannifin Co. (NYSE:PH) by 9.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 22,688 shares of the industrial products company’s stock after selling 2,327 shares during the quarter. Blair William & Co. IL’s holdings in Parker-Hannifin were worth $14,431,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AssuredPartners Investment Advisors LLC bought a new stake in Parker-Hannifin in the fourth quarter valued at about $604,000. NEOS Investment Management LLC increased its stake in shares of Parker-Hannifin by 24.6% in the 4th quarter. NEOS Investment Management LLC now owns 14,403 shares of the industrial products company’s stock valued at $9,161,000 after acquiring an additional 2,846 shares during the last quarter. UniSuper Management Pty Ltd raised its position in shares of Parker-Hannifin by 23.8% in the 4th quarter. UniSuper Management Pty Ltd now owns 8,732 shares of the industrial products company’s stock valued at $5,554,000 after acquiring an additional 1,681 shares during the period. Moment Partners LLC bought a new position in Parker-Hannifin during the 4th quarter worth approximately $267,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Parker-Hannifin by 8.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 209,123 shares of the industrial products company’s stock valued at $133,371,000 after purchasing an additional 16,034 shares during the period. Institutional investors own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PH. Wells Fargo & Company increased their target price on shares of Parker-Hannifin from $710.00 to $775.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Wolfe Research upgraded Parker-Hannifin from a “peer perform” rating to an “outperform” rating and set a $786.00 target price on the stock in a report on Thursday, December 12th. StockNews.com downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th. Jefferies Financial Group raised their price target on Parker-Hannifin from $765.00 to $810.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, KeyCorp boosted their price objective on Parker-Hannifin from $775.00 to $790.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $736.65.

Parker-Hannifin Stock Performance

Shares of NYSE PH opened at $600.78 on Friday. The stock has a market capitalization of $77.33 billion, a PE ratio of 24.87, a price-to-earnings-growth ratio of 2.85 and a beta of 1.50. Parker-Hannifin Co. has a 52 week low of $492.71 and a 52 week high of $718.44. The stock has a 50 day moving average price of $658.39 and a 200 day moving average price of $654.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.59 and a current ratio of 1.06.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share 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%. Analysts predict that Parker-Hannifin Co. will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 7th were paid a $1.63 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $6.52 annualized dividend and a yield of 1.09%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 26.99%.

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.