MU Investments Co. Ltd. acquired a new position in shares of Parker-Hannifin Corp (NYSE:PH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 28,800 shares of the industrial products company’s stock, valued at approximately $5,737,000. Parker-Hannifin accounts for 3.9% of MU Investments Co. Ltd.’s investment portfolio, making the stock its 9th biggest holding.

A number of other hedge funds also recently added to or reduced their stakes in PH. IHT Wealth Management LLC boosted its position in Parker-Hannifin by 20.8% during the second quarter. IHT Wealth Management LLC now owns 116 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 20 shares during the period. BT Investment Management Ltd bought a new position in Parker-Hannifin during the second quarter worth $124,000. Sun Life Financial INC boosted its position in Parker-Hannifin by 8,108.3% during the second quarter. Sun Life Financial INC now owns 985 shares of the industrial products company’s stock worth $157,000 after purchasing an additional 973 shares during the period. Americafirst Capital Management LLC bought a new position in Parker-Hannifin during the second quarter worth $167,000. Finally, Steward Partners Investment Advisory LLC bought a new position in Parker-Hannifin during the third quarter worth $168,000. 78.05% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Corp (NYSE PH) opened at $209.91 on Wednesday. The company has a market capitalization of $27,982.81, a PE ratio of 26.98, a P/E/G ratio of 1.88 and a beta of 1.40. Parker-Hannifin Corp has a 52 week low of $141.06 and a 52 week high of $212.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.44 and a quick ratio of 0.95.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $2.24 EPS for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.22. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.31 billion. Parker-Hannifin had a return on equity of 23.61% and a net margin of 8.37%. Parker-Hannifin’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 earnings per share. equities analysts expect that Parker-Hannifin Corp will post 9.61 EPS for the current year.

A number of equities analysts have commented on the stock. Morgan Stanley cut shares of Parker-Hannifin from an “overweight” rating to an “equal weight” rating and set a $188.00 price objective for the company. in a research report on Monday, October 2nd. Stifel Nicolaus reissued a “buy” rating and set a $245.00 target price (up previously from $218.00) on shares of Parker-Hannifin in a report on Tuesday. Zacks Investment Research downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Buckingham Research lifted their target price on Parker-Hannifin from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $194.68.

In related news, COO Lee C. Banks sold 5,286 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $186.38, for a total value of $985,204.68. Following the completion of the transaction, the chief operating officer now owns 112,808 shares of the company’s stock, valued at $21,025,155.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Andrew D. Ross sold 2,056 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $192.14, for a total value of $395,039.84. Following the completion of the transaction, the vice president now directly owns 5,207 shares of the company’s stock, valued at approximately $1,000,472.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,495 shares of company stock valued at $4,127,941. 1.12% of the stock is owned by insiders.

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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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