Fidelis Capital Partners LLC Increases Stock Position in Parker-Hannifin Co. (NYSE:PH)

Fidelis Capital Partners LLC increased its position in Parker-Hannifin Co. (NYSE:PH) by 39.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,341 shares of the industrial products company’s stock after buying an additional 376 shares during the period. Fidelis Capital Partners LLC’s holdings in Parker-Hannifin were worth $933,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Stephens Inc. AR raised its holdings in shares of Parker-Hannifin by 7.1% in the 3rd quarter. Stephens Inc. AR now owns 3,472 shares of the industrial products company’s stock worth $2,194,000 after purchasing an additional 230 shares during the period. Focus Financial Network Inc. increased its position in Parker-Hannifin by 8.9% during the 3rd quarter. Focus Financial Network Inc. now owns 651 shares of the industrial products company’s stock worth $411,000 after purchasing an additional 53 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Parker-Hannifin by 13.5% in the third quarter. Farther Finance Advisors LLC now owns 1,212 shares of the industrial products company’s stock valued at $766,000 after buying an additional 144 shares during the period. Chicago Partners Investment Group LLC lifted its position in Parker-Hannifin by 23.3% during the third quarter. Chicago Partners Investment Group LLC now owns 593 shares of the industrial products company’s stock valued at $374,000 after buying an additional 112 shares in the last quarter. Finally, Clear Creek Financial Management LLC grew its stake in Parker-Hannifin by 17.1% during the third quarter. Clear Creek Financial Management LLC now owns 857 shares of the industrial products company’s stock worth $542,000 after buying an additional 125 shares during the period. 82.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PH has been the topic of a number of research reports. StockNews.com raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, February 8th. TD Cowen raised their price objective on Parker-Hannifin from $520.00 to $575.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. Wolfe Research raised Parker-Hannifin from a “peer perform” rating to an “outperform” rating and set a $786.00 target price for the company in a research report on Thursday, December 12th. KeyCorp raised their target price on Parker-Hannifin from $775.00 to $790.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Jefferies Financial Group boosted their price target on Parker-Hannifin from $765.00 to $810.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $739.06.

Parker-Hannifin Trading Down 2.9 %

NYSE PH opened at $648.96 on Tuesday. The company has a market capitalization of $83.53 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 2.85 and a beta of 1.45. 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 Co. has a 12 month low of $492.71 and a 12 month high of $718.44. The company’s fifty day moving average price is $666.26 and its two-hundred day moving average price is $650.05.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, January 30th. The industrial products company reported $6.53 EPS for the quarter, topping the consensus estimate of $6.23 by $0.30. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. As a group, research analysts predict that Parker-Hannifin Co. will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm 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 $1.63 dividend. The ex-dividend date is Friday, February 7th. This represents a $6.52 dividend on an annualized basis and a yield of 1.00%. Parker-Hannifin’s dividend payout ratio is currently 26.99%.

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.