Decatur Capital Management Inc. trimmed its position in shares of Parker-Hannifin Corp (NYSE:PH) by 13.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 54,318 shares of the industrial products company’s stock after selling 8,608 shares during the quarter. Parker-Hannifin accounts for 2.2% of Decatur Capital Management Inc.’s investment portfolio, making the stock its 15th largest holding. Decatur Capital Management Inc.’s holdings in Parker-Hannifin were worth $10,841,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Jennison Associates LLC boosted its stake in Parker-Hannifin by 10.2% during the fourth quarter. Jennison Associates LLC now owns 5,650,607 shares of the industrial products company’s stock worth $1,127,748,000 after buying an additional 522,942 shares during the period. Longview Partners Guernsey LTD boosted its stake in Parker-Hannifin by 5.4% during the third quarter. Longview Partners Guernsey LTD now owns 5,413,458 shares of the industrial products company’s stock worth $947,463,000 after buying an additional 278,500 shares during the period. Victory Capital Management Inc. lifted its position in shares of Parker-Hannifin by 3.0% during the fourth quarter. Victory Capital Management Inc. now owns 941,019 shares of the industrial products company’s stock worth $187,809,000 after purchasing an additional 26,975 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Parker-Hannifin by 1.3% during the third quarter. Legal & General Group Plc now owns 702,748 shares of the industrial products company’s stock worth $122,998,000 after purchasing an additional 8,914 shares during the last quarter. Finally, Boston Partners bought a new stake in shares of Parker-Hannifin during the fourth quarter worth $129,208,000. 78.39% of the stock is owned by institutional investors.

In other Parker-Hannifin news, VP Andrew D. Ross sold 2,056 shares of Parker-Hannifin stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $192.14, for a total value of $395,039.84. Following the transaction, the vice president now owns 5,207 shares in the company, valued at $1,000,472.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert W. Bond sold 5,517 shares of Parker-Hannifin stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $181.72, for a total value of $1,002,549.24. Following the completion of the transaction, the vice president now owns 28,265 shares in the company, valued at approximately $5,136,315.80. The disclosure for this sale can be found here. Insiders sold 16,343 shares of company stock valued at $2,982,800 over the last 90 days. 1.12% of the stock is currently owned by corporate insiders.

Shares of Parker-Hannifin Corp (PH) opened at $174.51 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.49 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $23,250.00, a PE ratio of 27.14, a P/E/G ratio of 1.58 and a beta of 1.31. Parker-Hannifin Corp has a fifty-two week low of $147.37 and a fifty-two week high of $212.80.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.08. The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. Parker-Hannifin had a return on equity of 23.15% and a net margin of 6.54%. The firm’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.91 earnings per share. research analysts anticipate that Parker-Hannifin Corp will post 9.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be issued a $0.66 dividend. The ex-dividend date is Thursday, February 8th. This represents a $2.64 annualized dividend and a dividend yield of 1.51%. Parker-Hannifin’s payout ratio is currently 41.06%.

Several research firms have recently weighed in on PH. Zacks Investment Research downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Citigroup lifted their target price on Parker-Hannifin from $195.00 to $220.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Cowen reiterated a “hold” rating and set a $155.00 target price on shares of Parker-Hannifin in a research report on Sunday, October 29th. Buckingham Research reiterated a “neutral” rating and set a $210.00 target price on shares of Parker-Hannifin in a research report on Friday, January 19th. They noted that the move was a valuation call. Finally, Robert W. Baird lifted their target price on Parker-Hannifin from $183.00 to $194.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. Parker-Hannifin presently has a consensus rating of “Hold” and an average price target of $200.83.

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About Parker-Hannifin

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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