Leavell Investment Management Inc. Acquires 54 Shares of Parker-Hannifin Co. (NYSE:PH)

Leavell Investment Management Inc. lifted its holdings in Parker-Hannifin Co. (NYSE:PH) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,846 shares of the industrial products company’s stock after acquiring an additional 54 shares during the period. Leavell Investment Management Inc.’s holdings in Parker-Hannifin were worth $1,945,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Fidelis Capital Partners LLC increased its position in Parker-Hannifin by 2.3% in the 1st quarter. Fidelis Capital Partners LLC now owns 851 shares of the industrial products company’s stock valued at $473,000 after buying an additional 19 shares in the last quarter. Harbor Investment Advisory LLC increased its position in Parker-Hannifin by 60.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 53 shares of the industrial products company’s stock valued at $29,000 after buying an additional 20 shares in the last quarter. GoalVest Advisory LLC increased its position in Parker-Hannifin by 40.0% in the 1st quarter. GoalVest Advisory LLC now owns 70 shares of the industrial products company’s stock valued at $39,000 after buying an additional 20 shares in the last quarter. American Trust increased its position in Parker-Hannifin by 3.2% in the 1st quarter. American Trust now owns 649 shares of the industrial products company’s stock valued at $361,000 after buying an additional 20 shares in the last quarter. Finally, Essex Financial Services Inc. increased its position in Parker-Hannifin by 4.3% in the 1st quarter. Essex Financial Services Inc. now owns 539 shares of the industrial products company’s stock valued at $300,000 after buying an additional 22 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Stock Performance

Shares of NYSE:PH traded up $13.14 during trading on Thursday, hitting $591.53. 657,762 shares of the company were exchanged, compared to its average volume of 669,612. The company has a market cap of $76.04 billion, a PE ratio of 27.84, a P/E/G ratio of 2.16 and a beta of 1.44. The stock has a 50 day moving average of $529.16 and a 200 day moving average of $533.73. Parker-Hannifin Co. has a 52-week low of $362.49 and a 52-week high of $593.28. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.93 and a quick ratio of 0.55.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, August 8th. The industrial products company reported $6.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.22 by $0.55. Parker-Hannifin had a return on equity of 29.08% and a net margin of 14.27%. The firm had revenue of $5.19 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter in the prior year, the business posted $6.08 earnings per share. The business’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, equities research analysts predict that Parker-Hannifin Co. will post 26.58 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Parker-Hannifin from $595.00 to $645.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Argus boosted their price objective on Parker-Hannifin from $550.00 to $590.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Stifel Nicolaus decreased their price objective on Parker-Hannifin from $629.00 to $613.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Robert W. Baird boosted their price objective on Parker-Hannifin from $622.00 to $654.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Wells Fargo & Company boosted their price objective on Parker-Hannifin from $600.00 to $640.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Parker-Hannifin currently has an average rating of “Moderate Buy” and a consensus target price of $615.43.

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.