Leeward Investments LLC MA Has $11.99 Million Holdings in Parker-Hannifin Co. (NYSE:PH)

Leeward Investments LLC MA cut its position in shares of Parker-Hannifin Co. (NYSE:PH) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,847 shares of the industrial products company’s stock after selling 751 shares during the quarter. Leeward Investments LLC MA’s holdings in Parker-Hannifin were worth $11,987,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Wealthspire Advisors LLC boosted its stake in Parker-Hannifin by 4.7% during the fourth quarter. Wealthspire Advisors LLC now owns 1,385 shares of the industrial products company’s stock worth $881,000 after acquiring an additional 62 shares in the last quarter. Fisher Funds Management LTD bought a new position in Parker-Hannifin during the fourth quarter worth $11,817,000. Pinnacle Financial Partners Inc boosted its stake in Parker-Hannifin by 1.8% during the fourth quarter. Pinnacle Financial Partners Inc now owns 3,297 shares of the industrial products company’s stock worth $2,092,000 after acquiring an additional 57 shares in the last quarter. Peregrine Asset Advisers Inc. boosted its stake in Parker-Hannifin by 1,413.9% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 8,508 shares of the industrial products company’s stock worth $5,411,000 after acquiring an additional 7,946 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its stake in Parker-Hannifin by 2.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 17,805 shares of the industrial products company’s stock worth $11,325,000 after acquiring an additional 423 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Stock Down 4.1 %

PH opened at $667.06 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59. The company’s 50-day moving average is $665.56 and its 200 day moving average is $645.57. Parker-Hannifin Co. has a fifty-two week low of $492.71 and a fifty-two week high of $718.44. The firm has a market capitalization of $85.86 billion, a P/E ratio of 27.61, a PEG ratio of 2.85 and a beta of 1.45.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $6.53 earnings per share (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%. Research analysts expect that Parker-Hannifin Co. will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 7th will be issued a dividend of $1.63 per share. The ex-dividend date is Friday, February 7th. This represents a $6.52 dividend on an annualized basis and a yield of 0.98%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 26.99%.

Analyst Ratings Changes

Several research analysts recently issued reports on PH shares. Barclays cut their target price on shares of Parker-Hannifin from $800.00 to $791.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. 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 note on Friday, January 31st. Wolfe Research raised shares of Parker-Hannifin from a “peer perform” rating to an “outperform” rating and set a $786.00 price objective on the stock in a research note on Thursday, December 12th. TD Cowen raised their price objective on shares of Parker-Hannifin from $520.00 to $575.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th. Finally, Truist Financial raised their price objective on shares of Parker-Hannifin from $788.00 to $842.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $739.06.

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.