Bank Julius Baer & Co. Ltd Zurich Has $254,000 Position in Parker-Hannifin Co. (NYSE:PH)

Bank Julius Baer & Co. Ltd Zurich trimmed its stake in Parker-Hannifin Co. (NYSE:PH) by 27.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 362 shares of the industrial products company’s stock after selling 139 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Parker-Hannifin were worth $254,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PH. Berkshire Asset Management LLC PA boosted its position in shares of Parker-Hannifin by 3.8% during the 4th quarter. Berkshire Asset Management LLC PA now owns 1,134 shares of the industrial products company’s stock worth $770,000 after purchasing an additional 42 shares in the last quarter. Pacific Heights Asset Management LLC raised its stake in Parker-Hannifin by 23.8% during the 4th quarter. Pacific Heights Asset Management LLC now owns 78,000 shares of the industrial products company’s stock worth $49,610,000 after buying an additional 15,000 shares during the period. Edgestream Partners L.P. bought a new position in Parker-Hannifin in the fourth quarter worth approximately $593,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Parker-Hannifin by 7.9% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,546 shares of the industrial products company’s stock valued at $984,000 after acquiring an additional 113 shares during the period. Finally, Callan Family Office LLC acquired a new stake in Parker-Hannifin in the fourth quarter valued at approximately $1,965,000. 82.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wolfe Research upgraded Parker-Hannifin from a “peer perform” rating to an “outperform” rating and set a $786.00 target price on the stock in a report on Thursday, December 12th. KeyCorp upped their price objective on shares of Parker-Hannifin from $775.00 to $790.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. StockNews.com upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Saturday, February 8th. Stifel Nicolaus upped their target price on shares of Parker-Hannifin from $689.00 to $691.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company lifted their price target on Parker-Hannifin from $710.00 to $775.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Parker-Hannifin has an average rating of “Moderate Buy” and an average target price of $736.65.

Parker-Hannifin Stock Down 4.3 %

Shares of NYSE:PH opened at $607.29 on Tuesday. Parker-Hannifin Co. has a 1 year low of $492.71 and a 1 year high of $718.44. The company has a market capitalization of $78.17 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 2.85 and a beta of 1.50. The business has a fifty day moving average price of $664.29 and a two-hundred day moving average price of $651.55. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $6.53 EPS for the quarter, topping 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%. Analysts forecast that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

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

About Parker-Hannifin

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.