Thompson Investment Management Inc. Invests $95,000 in Parker-Hannifin Co. (NYSE:PH)

Thompson Investment Management Inc. acquired a new stake in shares of Parker-Hannifin Co. (NYSE:PH) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 150 shares of the industrial products company’s stock, valued at approximately $95,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC raised its position in shares of Parker-Hannifin by 8.6% in the third quarter. CWM LLC now owns 4,363 shares of the industrial products company’s stock valued at $2,757,000 after purchasing an additional 346 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Parker-Hannifin by 261.2% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 856 shares of the industrial products company’s stock valued at $541,000 after purchasing an additional 619 shares during the period. First Affirmative Financial Network grew its holdings in Parker-Hannifin by 7.9% in the 3rd quarter. First Affirmative Financial Network now owns 452 shares of the industrial products company’s stock valued at $286,000 after buying an additional 33 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Parker-Hannifin by 88.4% during the third quarter. Ritholtz Wealth Management now owns 1,473 shares of the industrial products company’s stock worth $931,000 after buying an additional 691 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Parker-Hannifin in the third quarter worth $97,000. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Trading Down 1.2 %

Shares of NYSE PH opened at $683.62 on Monday. Parker-Hannifin Co. has a twelve month low of $492.71 and a twelve month high of $718.44. The stock has a market cap of $88.00 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 2.84 and a beta of 1.45. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The company’s fifty day moving average is $665.57 and its 200-day moving average is $634.90.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.23 by $0.30. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. Equities research analysts predict that Parker-Hannifin Co. will post 26.67 EPS for the current year.

Parker-Hannifin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 7th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $6.52 annualized dividend and a yield of 0.95%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 26.99%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PH. Stifel Nicolaus boosted their price objective on Parker-Hannifin from $689.00 to $691.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Mizuho lifted their price objective on Parker-Hannifin from $665.00 to $715.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Citigroup assumed coverage on Parker-Hannifin in a report on Friday. They set a “buy” rating and a $795.00 target price on the stock. TD Cowen lifted their price target on Parker-Hannifin from $520.00 to $575.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Finally, KeyCorp raised their price objective on shares of Parker-Hannifin from $775.00 to $790.00 and gave the company an “overweight” rating in a research report 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. Based on data from MarketBeat, Parker-Hannifin has a consensus rating of “Moderate Buy” and a consensus target price of $729.18.

Parker-Hannifin Company 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.