Mitsubishi UFJ Trust & Banking Corp Has $54.41 Million Holdings in Parker-Hannifin Corporation $PH

by · The Cerbat Gem

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Parker-Hannifin Corporation (NYSE:PHFree Report) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,907 shares of the industrial products company’s stock after purchasing an additional 639 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Parker-Hannifin were worth $54,414,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. R Squared Ltd bought a new position in Parker-Hannifin in the fourth quarter valued at approximately $580,000. M&T Bank Corp boosted its holdings in shares of Parker-Hannifin by 1.0% in the 4th quarter. M&T Bank Corp now owns 35,434 shares of the industrial products company’s stock valued at $31,145,000 after purchasing an additional 340 shares in the last quarter. Eagle Wealth Advisors LLC bought a new position in shares of Parker-Hannifin in the 4th quarter valued at $258,000. Anchyra Partners LLC bought a new position in shares of Parker-Hannifin in the 4th quarter valued at $842,000. Finally, Aprio Wealth Management LLC raised its holdings in shares of Parker-Hannifin by 6.7% during the 4th quarter. Aprio Wealth Management LLC now owns 1,068 shares of the industrial products company’s stock worth $939,000 after buying an additional 67 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, CFO Todd M. Leombruno sold 2,062 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $1,002.34, for a total value of $2,066,825.08. Following the completion of the transaction, the chief financial officer directly owned 20,610 shares in the company, valued at approximately $20,658,227.40. This represents a 9.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Andrew D. Ross sold 4,664 shares of Parker-Hannifin stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $999.00, for a total transaction of $4,659,336.00. Following the transaction, the chief operating officer owned 13,120 shares in the company, valued at approximately $13,106,880. This trade represents a 26.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 10,063 shares of company stock worth $9,891,214. 0.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PH has been the topic of several research analyst reports. KeyCorp reaffirmed an “overweight” rating and issued a $1,100.00 price objective on shares of Parker-Hannifin in a research note on Friday, January 30th. iA Financial set a $1,032.00 target price on Parker-Hannifin in a research note on Thursday, January 29th. Stifel Nicolaus increased their target price on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a report on Friday, April 10th. Morgan Stanley raised 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 research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Parker-Hannifin from $1,083.00 to $1,100.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Parker-Hannifin has an average rating of “Moderate Buy” and an average target price of $1,000.60.

View Our Latest Research Report on Parker-Hannifin

Parker-Hannifin Trading Down 1.1%

Shares of PH stock opened at $963.45 on Wednesday. Parker-Hannifin Corporation has a twelve month low of $583.89 and a twelve month high of $1,034.96. The stock’s fifty day simple moving average is $951.16 and its 200 day simple moving average is $900.40. The company has a quick ratio of 0.66, a current ratio of 1.18 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $121.60 billion, a P/E ratio of 35.14, a P/E/G ratio of 3.13 and a beta of 1.25.

Parker-Hannifin (NYSE:PHGet Free Report) last announced its quarterly 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 return on equity of 27.56% and a net margin of 17.29%.During the same quarter last year, the business earned $6.53 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts predict that Parker-Hannifin Corporation will post 31.04 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s payout ratio is presently 29.18%.

Parker-Hannifin Profile

(Free Report)

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.

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