Hsbc Holdings PLC Has $148.79 Million Stock Holdings in Parker-Hannifin Co. (NYSE:PH)

Hsbc Holdings PLC decreased its stake in Parker-Hannifin Co. (NYSE:PH) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,017 shares of the industrial products company’s stock after selling 6,493 shares during the period. Hsbc Holdings PLC’s holdings in Parker-Hannifin were worth $148,785,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Anchor Investment Management LLC raised its holdings in shares of Parker-Hannifin by 10.5% in the 3rd quarter. Anchor Investment Management LLC now owns 317 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 30 shares during the period. Stock Yards Bank & Trust Co. acquired a new stake in shares of Parker-Hannifin during the third quarter worth $217,000. World Investment Advisors LLC acquired a new stake in Parker-Hannifin in the 3rd quarter worth about $584,000. Wilmington Savings Fund Society FSB raised its stake in Parker-Hannifin by 176.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 9,108 shares of the industrial products company’s stock worth $5,755,000 after purchasing an additional 5,817 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in Parker-Hannifin by 10.8% in the 3rd quarter. Tidal Investments LLC now owns 9,683 shares of the industrial products company’s stock valued at $6,118,000 after purchasing an additional 946 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $566.66 on Wednesday. The firm has a market cap of $72.94 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 2.85 and a beta of 1.39. Parker-Hannifin Co. has a 52 week low of $488.45 and a 52 week high of $718.44. The firm’s fifty day moving average is $613.99 and its 200-day moving average is $647.57. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.59 and a current ratio of 1.06.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share 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%. Sell-side analysts predict that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 7th were issued a $1.63 dividend. The ex-dividend date was Friday, February 7th. This represents a $6.52 annualized dividend and a yield of 1.15%. Parker-Hannifin’s payout ratio is currently 26.99%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PH shares. KeyCorp dropped their price target on shares of Parker-Hannifin from $790.00 to $690.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. 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 report on Friday, January 31st. Evercore ISI boosted their price target on Parker-Hannifin from $777.00 to $824.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Barclays reduced their price objective on shares of Parker-Hannifin from $750.00 to $700.00 and set an “overweight” rating on the stock in a research note on Thursday, April 10th. Finally, StockNews.com cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Parker-Hannifin presently has an average rating of “Moderate Buy” and a consensus price target of $705.35.

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.