Leeward Investments LLC MA Has $13.18 Million Stock Position in Parker-Hannifin Co. (NYSE:PH)

Leeward Investments LLC MA reduced its position in Parker-Hannifin Co. (NYSE:PH) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,614 shares of the industrial products company’s stock after selling 764 shares during the period. Leeward Investments LLC MA’s holdings in Parker-Hannifin were worth $13,182,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. acquired a new position in Parker-Hannifin in the 4th quarter worth about $26,000. OFI Invest Asset Management acquired a new position in Parker-Hannifin in the 3rd quarter worth about $25,000. Baystate Wealth Management LLC increased its position in Parker-Hannifin by 233.3% in the 3rd quarter. Baystate Wealth Management LLC now owns 70 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 49 shares during the last quarter. Oakworth Capital Inc. boosted its stake in shares of Parker-Hannifin by 48.3% during the 3rd quarter. Oakworth Capital Inc. now owns 86 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 28 shares in the last quarter. Finally, ORG Partners LLC bought a new stake in shares of Parker-Hannifin during the 4th quarter worth about $42,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Parker-Hannifin

In other news, VP Thomas C. Gentile sold 2,978 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $501.72, for a total value of $1,494,122.16. Following the completion of the transaction, the vice president now directly owns 5,465 shares of the company’s stock, valued at approximately $2,741,899.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Mark J. Hart sold 5,197 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $502.94, for a total value of $2,613,779.18. Following the completion of the transaction, the executive vice president now directly owns 7,063 shares of the company’s stock, valued at approximately $3,552,265.22. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Thomas C. Gentile sold 2,978 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $501.72, for a total value of $1,494,122.16. Following the sale, the vice president now directly owns 5,465 shares of the company’s stock, valued at $2,741,899.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,079 shares of company stock valued at $6,099,566. Corporate insiders own 1.03% of the company’s stock.

Analyst Ratings Changes

PH has been the subject of several recent analyst reports. The Goldman Sachs Group reiterated a “buy” rating and set a $551.00 price target on shares of Parker-Hannifin in a research note on Tuesday, January 2nd. TD Cowen upgraded Parker-Hannifin from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $300.00 to $500.00 in a research note on Friday, March 1st. Barclays upped their price target on Parker-Hannifin from $558.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Evercore ISI upped their price target on Parker-Hannifin from $505.00 to $590.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 20th. Finally, KeyCorp increased their target price on Parker-Hannifin from $575.00 to $640.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average price target of $515.38.

Parker-Hannifin Price Performance

Shares of PH stock opened at $553.48 on Friday. The stock has a 50 day moving average of $543.27 and a two-hundred day moving average of $477.71. The company has a current ratio of 0.90, a quick ratio of 0.49 and a debt-to-equity ratio of 0.72. Parker-Hannifin Co. has a 12 month low of $312.36 and a 12 month high of $570.15. The company has a market capitalization of $71.07 billion, a P/E ratio of 27.40, a P/E/G ratio of 2.01 and a beta of 1.52.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $6.15 EPS for the quarter, topping analysts’ consensus estimates of $5.26 by $0.89. Parker-Hannifin had a return on equity of 29.91% and a net margin of 13.28%. The company had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the company earned $4.76 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities analysts expect that Parker-Hannifin Co. will post 24.3 EPS for the current year.

Parker-Hannifin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 10th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.18%. Parker-Hannifin’s dividend payout ratio is presently 29.31%.

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.