Bryn Mawr Capital Management LLC Buys 576 Shares of Parker-Hannifin Co. (NYSE:PH)

Bryn Mawr Capital Management LLC increased its position in shares of Parker-Hannifin Co. (NYSE:PH) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,310 shares of the industrial products company’s stock after acquiring an additional 576 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Parker-Hannifin were worth $4,013,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PH. Exchange Traded Concepts LLC acquired a new stake in shares of Parker-Hannifin during the third quarter worth about $97,000. OLD National Bancorp IN bought a new stake in Parker-Hannifin during the 3rd quarter worth approximately $330,000. Northwest Investment Counselors LLC acquired a new stake in Parker-Hannifin during the 3rd quarter worth approximately $39,000. Whittier Trust Co. lifted its stake in Parker-Hannifin by 1.8% in the third quarter. Whittier Trust Co. now owns 2,834 shares of the industrial products company’s stock valued at $1,791,000 after buying an additional 49 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its holdings in shares of Parker-Hannifin by 3.3% in the third quarter. Foundations Investment Advisors LLC now owns 1,482 shares of the industrial products company’s stock valued at $936,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PH. Stifel Nicolaus raised their price objective on shares of Parker-Hannifin from $689.00 to $691.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Evercore ISI boosted their price target on Parker-Hannifin from $777.00 to $824.00 and gave the company an “outperform” rating in a report on Wednesday. Truist Financial increased their price objective on Parker-Hannifin from $788.00 to $842.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Robert W. Baird boosted their target price on Parker-Hannifin from $695.00 to $710.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Barclays decreased their price target on shares of Parker-Hannifin from $800.00 to $791.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $739.06.

Parker-Hannifin Trading Up 0.9 %

Shares of NYSE:PH opened at $701.48 on Thursday. The company has a 50-day simple moving average of $665.08 and a 200 day simple moving average of $642.79. The company has a market capitalization of $90.30 billion, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 2.87 and a beta of 1.45. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.59 and a current ratio of 1.06. Parker-Hannifin Co. has a 52-week low of $492.71 and a 52-week high of $718.44.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $6.53 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 7th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Friday, February 7th. Parker-Hannifin’s payout ratio is presently 26.99%.

Parker-Hannifin Company 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.