Master S Wealth Management Inc. Buys Shares of 726 Parker-Hannifin Co. (NYSE:PH)

Master S Wealth Management Inc. purchased a new stake in Parker-Hannifin Co. (NYSE:PH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 726 shares of the industrial products company's stock, valued at approximately $462,000. Parker-Hannifin makes up about 0.2% of Master S Wealth Management Inc.'s investment portfolio, making the stock its 18th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. grew its holdings in Parker-Hannifin by 39.2% during the 3rd quarter. Franklin Resources Inc. now owns 645,516 shares of the industrial products company's stock worth $415,409,000 after acquiring an additional 181,859 shares during the last quarter. Howard Capital Management Group LLC bought a new position in Parker-Hannifin during the fourth quarter worth $23,390,000. SG Americas Securities LLC grew its holdings in Parker-Hannifin by 752.5% in the fourth quarter. SG Americas Securities LLC now owns 24,381 shares of the industrial products company's stock worth $15,507,000 after purchasing an additional 21,521 shares during the period. Columbus Macro LLC increased its stake in Parker-Hannifin by 485.2% in the fourth quarter. Columbus Macro LLC now owns 10,751 shares of the industrial products company's stock valued at $6,838,000 after purchasing an additional 8,914 shares in the last quarter. Finally, Congress Asset Management Co. raised its holdings in shares of Parker-Hannifin by 15.5% during the fourth quarter. Congress Asset Management Co. now owns 190,701 shares of the industrial products company's stock valued at $121,292,000 after purchasing an additional 25,605 shares during the period. Institutional investors own 82.44% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Truist Financial dropped their price target on Parker-Hannifin from $842.00 to $717.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. KeyCorp cut their target price on Parker-Hannifin from $790.00 to $690.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. StockNews.com downgraded shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Stifel Nicolaus lowered their price objective on shares of Parker-Hannifin from $691.00 to $564.00 and set a "hold" rating on the stock in a report on Monday. Finally, Barclays reduced their price objective on shares of Parker-Hannifin from $750.00 to $700.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $705.35.

Parker-Hannifin Stock Performance

Shares of PH stock traded up $1.76 during trading on Friday, hitting $561.21. The company's stock had a trading volume of 558,227 shares, compared to its average volume of 712,584. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51. The company has a market cap of $72.24 billion, a PE ratio of 23.23, a P/E/G ratio of 2.85 and a beta of 1.39. The business has a fifty day moving average of $619.17 and a 200-day moving average of $648.41. Parker-Hannifin Co. has a 52 week low of $488.45 and a 52 week high of $718.44.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $6.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 anticipate that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed 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 1.16%. The ex-dividend date of this dividend was Friday, February 7th. Parker-Hannifin's dividend payout ratio is 26.99%.

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.