Brown Advisory Inc. grew its position in Parker-Hannifin Corp (NYSE:PH) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,327 shares of the industrial products company’s stock after buying an additional 9,025 shares during the period. Brown Advisory Inc. owned 0.06% of Parker-Hannifin worth $12,427,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PH. Paradigm Asset Management Co. LLC boosted its position in shares of Parker-Hannifin by 7.4% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 3,650 shares of the industrial products company’s stock worth $671,000 after purchasing an additional 250 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Parker-Hannifin by 1.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 233,970 shares of the industrial products company’s stock worth $43,034,000 after purchasing an additional 4,165 shares during the period. Fruth Investment Management boosted its position in shares of Parker-Hannifin by 83.7% during the 4th quarter. Fruth Investment Management now owns 7,900 shares of the industrial products company’s stock worth $1,178,000 after purchasing an additional 3,600 shares during the period. American International Group Inc. boosted its position in shares of Parker-Hannifin by 4.8% during the 3rd quarter. American International Group Inc. now owns 57,899 shares of the industrial products company’s stock worth $10,649,000 after purchasing an additional 2,649 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Parker-Hannifin by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,942,573 shares of the industrial products company’s stock worth $541,228,000 after purchasing an additional 258,502 shares during the period. 79.43% of the stock is owned by institutional investors and hedge funds.

In other news, VP Andrew M. Weeks sold 4,520 shares of the firm’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $176.70, for a total value of $798,684.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Roger S. Sherrard sold 2,040 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $171.80, for a total transaction of $350,472.00. Following the completion of the sale, the vice president now owns 62,620 shares in the company, valued at $10,758,116. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,445 shares of company stock worth $1,814,218. 1.12% of the stock is owned by company insiders.

A number of research firms recently weighed in on PH. Zacks Investment Research raised shares of Parker-Hannifin from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Barclays lowered their price objective on shares of Parker-Hannifin from $180.00 to $173.00 and set an “overweight” rating for the company in a research report on Monday, January 7th. Vertical Research cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $175.00 price objective for the company. in a research report on Friday, February 1st. Robert W. Baird set a $180.00 price objective on shares of Parker-Hannifin and gave the stock a “buy” rating in a research report on Saturday, February 2nd. Finally, Stifel Nicolaus cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $181.00 to $171.00 in a research report on Friday, February 1st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $181.63.

Parker-Hannifin stock opened at $169.99 on Friday. The company has a market cap of $22.33 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 1.61 and a beta of 1.47. Parker-Hannifin Corp has a 52-week low of $140.82 and a 52-week high of $193.19. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.74.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, January 31st. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.41 by $0.10. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.45 billion. Parker-Hannifin had a net margin of 9.69% and a return on equity of 25.82%. During the same period in the prior year, the business earned $2.15 EPS. Equities analysts expect that Parker-Hannifin Corp will post 11.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 8th were issued a dividend of $0.76 per share. The ex-dividend date was Thursday, February 7th. This represents a $3.04 dividend on an annualized basis and a yield of 1.79%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 29.17%.

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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 in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; 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; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.

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

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