EagleClaw Capital Managment LLC Has $10.07 Million Stock Holdings in Parker-Hannifin Co. (NYSE:PH)

EagleClaw Capital Managment LLC lifted its stake in shares of Parker-Hannifin Co. (NYSE:PH) by 1.4% during the fourth quarter, Holdings Channel reports. The firm owned 15,835 shares of the industrial products company’s stock after purchasing an additional 225 shares during the quarter. Parker-Hannifin makes up approximately 1.6% of EagleClaw Capital Managment LLC’s portfolio, making the stock its 17th largest holding. EagleClaw Capital Managment LLC’s holdings in Parker-Hannifin were worth $10,072,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. E Fund Management Co. Ltd. acquired a new stake in shares of Parker-Hannifin during the fourth quarter worth $204,000. Candriam S.C.A. grew its holdings in shares of Parker-Hannifin by 14.4% during the fourth quarter. Candriam S.C.A. now owns 59,346 shares of the industrial products company’s stock valued at $37,746,000 after buying an additional 7,480 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its holdings in shares of Parker-Hannifin by 7.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 4,656 shares of the industrial products company’s stock valued at $2,961,000 after buying an additional 316 shares in the last quarter. Lindbrook Capital LLC grew its holdings in shares of Parker-Hannifin by 2.5% during the fourth quarter. Lindbrook Capital LLC now owns 1,794 shares of the industrial products company’s stock valued at $1,141,000 after buying an additional 44 shares in the last quarter. Finally, Townsend Asset Management Corp NC ADV grew its holdings in shares of Parker-Hannifin by 14.5% during the fourth quarter. Townsend Asset Management Corp NC ADV now owns 6,099 shares of the industrial products company’s stock valued at $3,879,000 after buying an additional 774 shares in the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Price Performance

Shares of NYSE:PH opened at $631.09 on Friday. Parker-Hannifin Co. has a fifty-two week low of $492.71 and a fifty-two week high of $718.44. The business has a 50-day moving average of $665.04 and a two-hundred day moving average of $650.13. The stock has a market capitalization of $81.23 billion, a P/E ratio of 26.12, a P/E/G ratio of 2.85 and a beta of 1.45. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share for the quarter, topping 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%. On average, equities research analysts predict that Parker-Hannifin Co. will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 7th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $6.52 annualized dividend and a dividend yield of 1.03%. Parker-Hannifin’s dividend payout ratio is presently 26.99%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PH shares. UBS Group lowered their price target on Parker-Hannifin from $842.00 to $805.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Stifel Nicolaus lifted their price target on Parker-Hannifin from $689.00 to $691.00 and gave the company a “hold” rating in a report on Friday, January 31st. Truist Financial lifted their price target on Parker-Hannifin from $788.00 to $842.00 and gave the company a “buy” rating in a report on Thursday, December 19th. TD Cowen lifted their price target on Parker-Hannifin from $520.00 to $575.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Finally, Evercore ISI boosted their target price on Parker-Hannifin from $777.00 to $824.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Parker-Hannifin presently has an average rating of “Moderate Buy” and an average target price 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.