Parker-Hannifin Co. (NYSE:PH) Shares Bought by Mather Group LLC.

Mather Group LLC. raised its position in shares of Parker-Hannifin Co. (NYSE:PH) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,738 shares of the industrial products company’s stock after acquiring an additional 152 shares during the quarter. Mather Group LLC.’s holdings in Parker-Hannifin were worth $1,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Czech National Bank grew its stake in Parker-Hannifin by 6.9% during the 3rd quarter. Czech National Bank now owns 26,185 shares of the industrial products company’s stock valued at $16,544,000 after acquiring an additional 1,691 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Parker-Hannifin by 41.8% in the third quarter. GAMMA Investing LLC now owns 2,306 shares of the industrial products company’s stock valued at $1,457,000 after purchasing an additional 680 shares in the last quarter. Diversified Trust Co increased its holdings in shares of Parker-Hannifin by 11.4% in the third quarter. Diversified Trust Co now owns 978 shares of the industrial products company’s stock valued at $618,000 after purchasing an additional 100 shares during the last quarter. Smith Anglin Financial LLC purchased a new position in Parker-Hannifin during the third quarter worth approximately $236,000. Finally, Miracle Mile Advisors LLC boosted its stake in Parker-Hannifin by 16.0% during the third quarter. Miracle Mile Advisors LLC now owns 4,381 shares of the industrial products company’s stock worth $2,768,000 after buying an additional 604 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

PH has been the topic of several analyst reports. Jefferies Financial Group lifted their price target on Parker-Hannifin from $765.00 to $810.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Stifel Nicolaus boosted 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. Robert W. Baird raised their price target on shares of Parker-Hannifin from $695.00 to $710.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. StockNews.com cut Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, UBS Group cut their target price on Parker-Hannifin from $842.00 to $805.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $725.06.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $690.21 on Wednesday. The stock has a market capitalization of $88.84 billion, a price-to-earnings ratio of 28.57, a price-to-earnings-growth ratio of 2.90 and a beta of 1.45. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59. The business has a 50-day moving average of $666.68 and a 200 day moving average of $631.59. Parker-Hannifin Co. has a 12 month low of $492.71 and a 12 month high of $718.44.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $6.53 EPS 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%. As a group, sell-side analysts forecast that Parker-Hannifin Co. will post 26.67 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 7th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, February 7th. Parker-Hannifin’s dividend payout ratio is currently 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.