Machina Capital S.A.S. Trims Position in Parker-Hannifin Co. (NYSE:PH)

Machina Capital S.A.S. lessened its stake in shares of Parker-Hannifin Co. (NYSE:PH) by 68.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 932 shares of the industrial products company’s stock after selling 2,044 shares during the period. Machina Capital S.A.S.’s holdings in Parker-Hannifin were worth $593,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Berkshire Asset Management LLC PA raised its holdings in Parker-Hannifin by 3.8% in the 4th quarter. Berkshire Asset Management LLC PA now owns 1,134 shares of the industrial products company’s stock valued at $770,000 after buying an additional 42 shares during the period. Pacific Heights Asset Management LLC grew its position in shares of Parker-Hannifin by 23.8% during the fourth quarter. Pacific Heights Asset Management LLC now owns 78,000 shares of the industrial products company’s stock worth $49,610,000 after buying an additional 15,000 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Parker-Hannifin in the fourth quarter valued at $593,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Parker-Hannifin by 7.9% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,546 shares of the industrial products company’s stock worth $984,000 after purchasing an additional 113 shares during the last quarter. Finally, Callan Family Office LLC purchased a new position in Parker-Hannifin in the fourth quarter valued at approximately $1,965,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Up 0.7 %

Shares of NYSE PH opened at $635.57 on Friday. The company has a market cap of $81.81 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 2.85 and a beta of 1.50. Parker-Hannifin Co. has a 12 month low of $492.71 and a 12 month high of $718.44. 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 business has a fifty day simple moving average of $664.88 and a 200-day simple moving average of $650.95.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share for the quarter, beating 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%. Sell-side analysts predict that Parker-Hannifin Co. will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 7th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Friday, February 7th. Parker-Hannifin’s payout ratio is currently 26.99%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PH. Wolfe Research upgraded shares of Parker-Hannifin from a “peer perform” rating to an “outperform” rating and set a $786.00 target price on the stock in a research report on Thursday, December 12th. Stifel Nicolaus increased their price target on Parker-Hannifin from $689.00 to $691.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Jefferies Financial Group raised their target price on Parker-Hannifin from $765.00 to $810.00 and gave the company a “buy” rating in a report on Friday, December 6th. UBS Group dropped their price target on Parker-Hannifin from $842.00 to $805.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Wells Fargo & Company lifted their price objective on Parker-Hannifin from $710.00 to $775.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $739.06.

About Parker-Hannifin

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.