Savant Capital LLC Raises Position in Parker-Hannifin Co. (NYSE:PH)

Savant Capital LLC increased its position in Parker-Hannifin Co. (NYSE:PH) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,710 shares of the industrial products company’s stock after acquiring an additional 277 shares during the quarter. Savant Capital LLC’s holdings in Parker-Hannifin were worth $2,359,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. West Branch Capital LLC bought a new position in shares of Parker-Hannifin in the third quarter worth about $25,000. Prestige Wealth Management Group LLC raised its stake in Parker-Hannifin by 83.3% during the third quarter. Prestige Wealth Management Group LLC now owns 55 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 25 shares in the last quarter. Bank of New Hampshire purchased a new position in shares of Parker-Hannifin in the 4th quarter worth $35,000. Northwest Investment Counselors LLC purchased a new position in Parker-Hannifin in the third quarter worth about $39,000. Finally, Hager Investment Management Services LLC bought a new position in shares of Parker-Hannifin during the 4th quarter valued at approximately $44,000. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Trading Down 0.3 %

Shares of NYSE:PH opened at $679.01 on Thursday. Parker-Hannifin Co. has a 12-month low of $492.71 and a 12-month high of $718.44. 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 capitalization of $87.40 billion, a PE ratio of 28.10, a PEG ratio of 2.84 and a beta of 1.45. The business has a 50 day moving average of $664.76 and a two-hundred day moving average of $637.49.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, January 30th. The industrial products company reported $6.53 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%. As a group, analysts forecast that Parker-Hannifin Co. will post 26.67 EPS for the current year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors 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 annualized dividend and a dividend yield of 0.96%. Parker-Hannifin’s dividend payout ratio is presently 26.99%.

Wall Street Analyst Weigh In

PH has been the topic of several analyst reports. Truist Financial upped their price target on shares of Parker-Hannifin from $788.00 to $842.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Citigroup assumed coverage on Parker-Hannifin in a research report on Friday, February 7th. They set a “buy” rating and a $795.00 price target on the stock. TD Cowen boosted their price target on shares of Parker-Hannifin from $520.00 to $575.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Barclays reduced their price target on Parker-Hannifin from $800.00 to $791.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, Mizuho boosted their target price on Parker-Hannifin from $665.00 to $715.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average price target of $729.18.

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.