Mutual of America Capital Management LLC Has $3.28 Million Holdings in Parker-Hannifin Corp (PH)

Mutual of America Capital Management LLC raised its stake in shares of Parker-Hannifin Corp (NYSE:PH) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,415 shares of the industrial products company’s stock after buying an additional 865 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Parker-Hannifin were worth $3,276,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. National Asset Management Inc. boosted its holdings in shares of Parker-Hannifin by 4.7% during the second quarter. National Asset Management Inc. now owns 1,432 shares of the industrial products company’s stock worth $229,000 after purchasing an additional 64 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Parker-Hannifin by 13.5% during the third quarter. Penserra Capital Management LLC now owns 2,360 shares of the industrial products company’s stock worth $415,000 after purchasing an additional 280 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of Parker-Hannifin by 5.5% during the third quarter. Stratos Wealth Partners LTD. now owns 5,407 shares of the industrial products company’s stock worth $946,000 after purchasing an additional 280 shares during the last quarter. Bank of Stockton boosted its holdings in shares of Parker-Hannifin by 3.3% during the third quarter. Bank of Stockton now owns 8,763 shares of the industrial products company’s stock worth $1,533,000 after purchasing an additional 281 shares during the last quarter. Finally, Nippon Life Insurance Co. boosted its holdings in shares of Parker-Hannifin by 2.7% during the third quarter. Nippon Life Insurance Co. now owns 11,068 shares of the industrial products company’s stock worth $1,937,000 after purchasing an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 78.39% of the company’s stock.

In other news, VP Robert W. Bond sold 5,517 shares of Parker-Hannifin stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $181.72, for a total transaction of $1,002,549.24. Following the sale, the vice president now directly owns 28,265 shares of the company’s stock, valued at $5,136,315.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Joseph R. Leonti sold 5,279 shares of Parker-Hannifin stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $179.07, for a total value of $945,310.53. Following the sale, the vice president now directly owns 8,032 shares in the company, valued at $1,438,290.24. The disclosure for this sale can be found here. Insiders sold 16,343 shares of company stock worth $2,982,800 over the last three months. 1.12% of the stock is currently owned by corporate insiders.

PH has been the topic of several analyst reports. Zacks Investment Research upgraded Parker-Hannifin from a “hold” rating to a “buy” rating and set a $208.00 price objective on the stock in a report on Tuesday, November 7th. Robert W. Baird raised their price objective on Parker-Hannifin from $183.00 to $194.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. BMO Capital Markets raised their price objective on Parker-Hannifin from $200.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. Cowen restated a “hold” rating and set a $155.00 price objective on shares of Parker-Hannifin in a report on Sunday, October 29th. Finally, Wells Fargo & Co raised their price objective on Parker-Hannifin from $205.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. Parker-Hannifin currently has an average rating of “Hold” and a consensus target price of $200.83.

Parker-Hannifin Corp (PH) opened at $176.89 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.49 and a quick ratio of 0.99. Parker-Hannifin Corp has a 52-week low of $147.37 and a 52-week high of $212.80. The company has a market capitalization of $23,570.00, a PE ratio of 27.51, a price-to-earnings-growth ratio of 1.58 and a beta of 1.31.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.07 by $0.08. Parker-Hannifin had a return on equity of 23.15% and a net margin of 6.54%. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period last year, the company posted $1.91 earnings per share. The firm’s revenue was up 26.2% compared to the same quarter last year. equities research analysts anticipate that Parker-Hannifin Corp will post 9.95 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, February 8th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 41.06%.

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Parker-Hannifin Profile

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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