Strengthening Families & Communities LLC Has $109,000 Stake in Parker-Hannifin Co. (NYSE:PH)

Strengthening Families & Communities LLC reduced its holdings in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 97.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 172 shares of the industrial products company's stock after selling 5,667 shares during the period. Strengthening Families & Communities LLC's holdings in Parker-Hannifin were worth $109,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. West Branch Capital LLC acquired a new position in Parker-Hannifin in the third quarter valued at about $25,000. Prestige Wealth Management Group LLC boosted its position in Parker-Hannifin by 83.3% in the third quarter. Prestige Wealth Management Group LLC now owns 55 shares of the industrial products company's stock valued at $35,000 after buying an additional 25 shares in the last quarter. Bank of New Hampshire acquired a new position in Parker-Hannifin in the fourth quarter valued at about $35,000. Northwest Investment Counselors LLC acquired a new position in Parker-Hannifin in the third quarter valued at about $39,000. Finally, Hager Investment Management Services LLC acquired a new position in Parker-Hannifin in the fourth quarter valued at about $44,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays reduced their price target on shares of Parker-Hannifin from $800.00 to $791.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. TD Cowen boosted their target price on shares of Parker-Hannifin from $520.00 to $575.00 and gave the stock a "hold" rating in a research note on Tuesday, November 12th. Truist Financial boosted their target price on shares of Parker-Hannifin from $788.00 to $842.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Wolfe Research raised shares of Parker-Hannifin from a "peer perform" rating to an "outperform" rating and set a $786.00 target price for the company in a research note on Thursday, December 12th. Finally, UBS Group dropped their target price on shares of Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Parker-Hannifin presently has an average rating of "Moderate Buy" and a consensus price target of $729.18.

Parker-Hannifin Trading Up 0.9 %

Shares of PH traded up $6.31 on Friday, reaching $700.13. 1,034,344 shares of the company's stock were exchanged, compared to its average volume of 652,792. The stock has a market capitalization of $90.12 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 2.84 and a beta of 1.45. The business has a 50 day moving average price of $664.39 and a two-hundred day moving average price of $638.17. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51. Parker-Hannifin Co. has a 12 month low of $492.71 and a 12 month high of $718.44.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued 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 net margin of 15.87% and a return on equity of 27.34%. Research analysts anticipate that Parker-Hannifin Co. will post 26.67 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The company 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. This represents a $6.52 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Friday, February 7th. Parker-Hannifin's dividend payout ratio is currently 26.99%.

Parker-Hannifin 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.