Kirtland Hills Capital Management LLC Buys 30 Shares of Parker-Hannifin Co. (NYSE:PH)

Kirtland Hills Capital Management LLC raised its holdings in shares of Parker-Hannifin Co. (NYSE:PH) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,205 shares of the industrial products company’s stock after purchasing an additional 30 shares during the quarter. Kirtland Hills Capital Management LLC’s holdings in Parker-Hannifin were worth $1,402,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. FFT Wealth Management LLC raised its stake in shares of Parker-Hannifin by 1.3% in the fourth quarter. FFT Wealth Management LLC now owns 1,150 shares of the industrial products company’s stock valued at $732,000 after acquiring an additional 15 shares during the period. Los Angeles Capital Management LLC grew its holdings in Parker-Hannifin by 11.0% during the 4th quarter. Los Angeles Capital Management LLC now owns 99,153 shares of the industrial products company’s stock worth $63,064,000 after acquiring an additional 9,863 shares in the last quarter. Hendley & Co. Inc. grew its holdings in Parker-Hannifin by 43.4% during the 4th quarter. Hendley & Co. Inc. now owns 10,446 shares of the industrial products company’s stock worth $6,644,000 after acquiring an additional 3,163 shares in the last quarter. Prasad Wealth Partners LLC bought a new position in Parker-Hannifin during the 4th quarter worth about $1,229,000. Finally, Rothschild Investment LLC grew its holdings in Parker-Hannifin by 10.7% during the 4th quarter. Rothschild Investment LLC now owns 1,252 shares of the industrial products company’s stock worth $796,000 after acquiring an additional 121 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

PH opened at $657.27 on Wednesday. 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 firm has a market capitalization of $84.60 billion, a PE ratio of 27.20, a P/E/G ratio of 2.85 and a beta of 1.45. The firm has a 50 day moving average of $665.08 and a two-hundred day moving average of $647.76.

Parker-Hannifin (NYSE:PH) last posted its 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 net margin of 15.87% and a return on equity of 27.34%. On average, analysts anticipate 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 will be paid on Friday, March 7th. Stockholders of record on Friday, February 7th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, February 7th. Parker-Hannifin’s dividend payout ratio (DPR) is 26.99%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PH. Jefferies Financial Group increased their target price on shares of Parker-Hannifin from $765.00 to $810.00 and gave the stock a “buy” rating in a report on Friday, December 6th. UBS Group lowered their price target on shares of Parker-Hannifin from $842.00 to $805.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Barclays lowered their price target on shares of Parker-Hannifin from $800.00 to $791.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Robert W. Baird raised their price target on shares of Parker-Hannifin from $695.00 to $710.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, KeyCorp raised their price target on shares of Parker-Hannifin from $775.00 to $790.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $739.06.

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.