CIBC World Markets Inc. boosted its holdings in Parker-Hannifin Corp (NYSE:PH) by 29.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,642 shares of the industrial products company’s stock after acquiring an additional 377 shares during the quarter. CIBC World Markets Inc.’s holdings in Parker-Hannifin were worth $328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PH. The Manufacturers Life Insurance Company lifted its position in Parker-Hannifin by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 179,962 shares of the industrial products company’s stock valued at $28,761,000 after acquiring an additional 11,143 shares in the last quarter. Americafirst Capital Management LLC purchased a new stake in Parker-Hannifin in the 2nd quarter valued at about $167,000. Nomura Holdings Inc. increased its stake in Parker-Hannifin by 186.7% in the 2nd quarter. Nomura Holdings Inc. now owns 10,140 shares of the industrial products company’s stock valued at $1,619,000 after buying an additional 6,603 shares during the last quarter. Piedmont Investment Advisors LLC increased its stake in Parker-Hannifin by 122.9% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 22,089 shares of the industrial products company’s stock valued at $3,530,000 after buying an additional 12,178 shares during the last quarter. Finally, National Asset Management Inc. increased its stake in Parker-Hannifin by 4.7% in the 2nd quarter. National Asset Management Inc. now owns 1,432 shares of the industrial products company’s stock valued at $229,000 after buying an additional 64 shares during the last quarter. 78.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of Parker-Hannifin Corp (NYSE PH) opened at $176.89 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.99 and a current ratio of 1.49. Parker-Hannifin Corp has a one year low of $147.37 and a one year high of $212.80. The stock has a market cap of $23,570.00, a P/E ratio of 27.51, a PEG ratio of 1.58 and a beta of 1.31.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, February 1st. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.08. Parker-Hannifin had a net margin of 6.54% and a return on equity of 23.15%. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the business posted $1.91 EPS. Parker-Hannifin’s quarterly revenue was up 26.2% compared to the same quarter last year. research analysts expect that Parker-Hannifin Corp will post 9.95 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be paid a dividend of $0.66 per share. The ex-dividend date is Thursday, February 8th. This represents a $2.64 annualized dividend and a dividend yield of 1.49%. Parker-Hannifin’s payout ratio is currently 41.06%.

In other news, VP Andrew D. Ross sold 2,056 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $192.14, for a total transaction of $395,039.84. Following the completion of the sale, the vice president now owns 5,207 shares in the company, valued at approximately $1,000,472.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Joseph R. Leonti sold 5,279 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $179.07, for a total transaction of $945,310.53. Following the sale, the vice president now owns 8,032 shares of the company’s stock, valued at approximately $1,438,290.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,343 shares of company stock valued at $2,982,800. 1.12% of the stock is currently owned by company insiders.

Several equities research analysts have commented on PH shares. Credit Suisse Group increased their price objective on shares of Parker-Hannifin from $205.00 to $206.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Deutsche Bank increased their price objective on shares of Parker-Hannifin to $200.00 and gave the company a “buy” rating in a research note on Monday, November 20th. BMO Capital Markets increased their price objective on shares of Parker-Hannifin to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $210.00 price objective on shares of Parker-Hannifin in a research note on Friday, November 3rd. Finally, Zacks Investment Research lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $200.83.

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Parker-Hannifin Company Profile

Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment.

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Institutional Ownership by Quarter for Parker-Hannifin (NYSE:PH)

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