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Parker-Hannifin reported strong earnings, raised its dividend, and saw increased investment stakes.
Bank Pictet & Cie Europe AG increased its stake in Parker-Hannifin Co., and other institutional investors have also adjusted their holdings.
Parker-Hannifin reported earnings of $6.53 per share, exceeding estimates by $0.30, and announced a quarterly dividend of $1.63 per share.
Analysts have given the stock a "Moderate Buy" rating with a target price of $729.18.
The company specializes in motion and control technologies.
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Parker-Hannifin informó de fuertes ganancias, aumentó su dividendo, y vio un aumento de las inversiones en participación.