Cambridge Investment Research Advisors Inc. Grows Position in Parker-Hannifin Co. (NYSE:PH)

Cambridge Investment Research Advisors Inc. raised its holdings in Parker-Hannifin Co. (NYSE:PHGet Rating) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,305 shares of the industrial products company’s stock after acquiring an additional 293 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Parker-Hannifin were worth $2,960,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sheaff Brock Investment Advisors LLC raised its holdings in shares of Parker-Hannifin by 2.7% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,289 shares of the industrial products company’s stock valued at $6,773,000 after buying an additional 568 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Parker-Hannifin by 56.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 16,897 shares of the industrial products company’s stock valued at $5,375,000 after buying an additional 6,088 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Parker-Hannifin by 6.5% during the 4th quarter. Pacer Advisors Inc. now owns 7,728 shares of the industrial products company’s stock valued at $2,458,000 after buying an additional 469 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Parker-Hannifin by 7.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,060 shares of the industrial products company’s stock valued at $1,929,000 after buying an additional 436 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Parker-Hannifin by 15.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 43,295 shares of the industrial products company’s stock worth $13,422,000 after purchasing an additional 5,760 shares during the period. 78.39% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on the company. Mizuho decreased their price target on Parker-Hannifin from $345.00 to $305.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 9th. Barclays decreased their price target on Parker-Hannifin from $376.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, April 4th. Jefferies Financial Group decreased their price target on Parker-Hannifin from $380.00 to $350.00 and set a “buy” rating on the stock in a research note on Friday, March 4th. Deutsche Bank Aktiengesellschaft decreased their price target on Parker-Hannifin from $343.00 to $335.00 and set a “hold” rating on the stock in a research note on Thursday, April 14th. Finally, Stifel Nicolaus decreased their price target on Parker-Hannifin from $384.00 to $338.00 and set a “buy” rating on the stock in a research note on Monday, April 18th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Parker-Hannifin presently has an average rating of “Buy” and a consensus price target of $356.93.

In other Parker-Hannifin news, VP Robert W. Malone sold 5,077 shares of Parker-Hannifin stock in a transaction on Friday, February 4th. The stock was sold at an average price of $310.00, for a total transaction of $1,573,870.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.

NYSE PH opened at $277.07 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.50 and a debt-to-equity ratio of 0.71. Parker-Hannifin Co. has a twelve month low of $266.94 and a twelve month high of $340.00. The firm has a market capitalization of $35.60 billion, a PE ratio of 20.01, a P/E/G ratio of 1.68 and a beta of 1.65. The stock’s 50 day moving average is $285.37 and its 200 day moving average is $302.83.

Parker-Hannifin (NYSE:PHGet Rating) last released its quarterly earnings results on Thursday, February 3rd. The industrial products company reported $4.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.85 by $0.61. Parker-Hannifin had a return on equity of 27.26% and a net margin of 11.87%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the company posted $3.44 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. On average, research analysts anticipate that Parker-Hannifin Co. will post 18.16 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 4th. Shareholders of record on Friday, February 11th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Thursday, February 10th. Parker-Hannifin’s payout ratio is 29.75%.

About Parker-Hannifin (Get Rating)

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 Company's Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.

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

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