Parker-Hannifin Corporation $PH Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Parker-Hannifin Corporation (NYSE:PH) by 5.5% in the 4th quarter, Holdings Channel reports. The fund owned 93,044 shares of the industrial products company’s stock after purchasing an additional 4,879 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Parker-Hannifin were worth $81,743,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PH. JFS Wealth Advisors LLC grew its position in shares of Parker-Hannifin by 6.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 11 shares during the period. Avion Wealth lifted its position in Parker-Hannifin by 35.5% during the fourth quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock worth $36,000 after buying an additional 11 shares during the period. 180 Wealth Advisors LLC boosted its stake in Parker-Hannifin by 1.9% in the 4th quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company’s stock worth $573,000 after buying an additional 12 shares during the last quarter. Altfest L J & Co. Inc. grew its holdings in Parker-Hannifin by 4.4% in the 4th quarter. Altfest L J & Co. Inc. now owns 286 shares of the industrial products company’s stock valued at $251,000 after buying an additional 12 shares during the period. Finally, Berkshire Asset Management LLC PA increased its stake in shares of Parker-Hannifin by 1.1% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 1,208 shares of the industrial products company’s stock valued at $916,000 after acquiring an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Insider Buying and Selling

In other news, CFO Todd M. Leombruno sold 2,062 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $1,002.34, for a total value of $2,066,825.08. Following the completion of the sale, the chief financial officer owned 20,610 shares in the company, valued at approximately $20,658,227.40. This trade represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Berend Bracht sold 1,457 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $946.48, for a total value of $1,379,021.36. Following the transaction, the vice president directly owned 2,580 shares in the company, valued at $2,441,918.40. This trade represents a 36.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,063 shares of company stock valued at $9,891,214 over the last ninety days. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Trading Down 1.9%

Shares of PH stock opened at $954.08 on Thursday. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.52. Parker-Hannifin Corporation has a fifty-two week low of $576.26 and a fifty-two week high of $1,034.96. The firm’s 50 day moving average price is $953.27 and its two-hundred day moving average price is $892.95. The stock has a market cap of $120.42 billion, a price-to-earnings ratio of 34.80, a price-to-earnings-growth ratio of 3.13 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, January 29th. The industrial products company reported $7.65 EPS for the quarter, beating analysts’ consensus estimates of $7.11 by $0.54. Parker-Hannifin had a net margin of 17.29% and a return on equity of 27.56%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm posted $6.53 EPS. On average, analysts anticipate that Parker-Hannifin Corporation will post 30.99 EPS for the current year.

Analyst Upgrades and Downgrades

PH has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Parker-Hannifin from $1,083.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Morgan Stanley lifted their price target on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a report on Tuesday, February 24th. Barclays boosted their price objective on shares of Parker-Hannifin from $990.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. BMO Capital Markets began coverage on Parker-Hannifin in a report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price objective for the company. Finally, iA Financial set a $1,032.00 target price on Parker-Hannifin in a report on Thursday, January 29th. Seventeen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,000.60.

About Parker-Hannifin

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.