B. Metzler seel. Sohn & Co. AG Grows Stock Holdings in Parker-Hannifin Co. (NYSE:PH)

B. Metzler seel. Sohn & Co. AG lifted its position in Parker-Hannifin Co. (NYSE:PH) by 7.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,589 shares of the industrial products company’s stock after purchasing an additional 695 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Parker-Hannifin were worth $6,099,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Whipplewood Advisors LLC purchased a new stake in Parker-Hannifin in the fourth quarter worth approximately $25,000. Millstone Evans Group LLC purchased a new stake in shares of Parker-Hannifin in the 4th quarter valued at $30,000. Prestige Wealth Management Group LLC raised its position in Parker-Hannifin by 83.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 55 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 25 shares during the period. Bank of New Hampshire bought a new stake in Parker-Hannifin in the fourth quarter worth $35,000. Finally, Kestra Investment Management LLC purchased a new stake in Parker-Hannifin during the fourth quarter valued at about $40,000. 82.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PH has been the topic of several analyst reports. StockNews.com downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th. Wolfe Research upgraded Parker-Hannifin from a “peer perform” rating to an “outperform” rating and set a $786.00 price objective for the company in a research report on Thursday, December 12th. Truist Financial raised their target price on shares of Parker-Hannifin from $788.00 to $842.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Barclays lowered their price target on shares of Parker-Hannifin from $791.00 to $750.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Finally, Wells Fargo & Company raised their price target on shares of Parker-Hannifin from $710.00 to $775.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Parker-Hannifin currently has an average rating of “Moderate Buy” and an average target price of $736.65.

Parker-Hannifin Price Performance

PH opened at $608.33 on Tuesday. Parker-Hannifin Co. has a 12-month low of $492.71 and a 12-month high of $718.44. The company has a market cap of $78.30 billion, a price-to-earnings ratio of 25.18, a price-to-earnings-growth ratio of 2.85 and a beta of 1.50. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $657.14 and a two-hundred day simple moving average of $655.22.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.23 by $0.30. Parker-Hannifin had a net margin of 15.87% and a return on equity of 27.34%. Research analysts predict that Parker-Hannifin Co. will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 7th were paid a $1.63 dividend. The ex-dividend date was Friday, February 7th. This represents a $6.52 annualized dividend and a dividend yield of 1.07%. Parker-Hannifin’s payout ratio is currently 26.99%.

Parker-Hannifin Profile

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.