Fidelis Capital Partners LLC Has $383,000 Stock Position in Parker-Hannifin Co. (NYSE:PH)

Fidelis Capital Partners LLC lifted its stake in Parker-Hannifin Co. (NYSE:PH) by 36.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 832 shares of the industrial products company’s stock after purchasing an additional 224 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Parker-Hannifin were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Parker-Hannifin during the 4th quarter worth about $519,286,000. Alphinity Investment Management Pty Ltd acquired a new stake in Parker-Hannifin during the 3rd quarter worth about $310,208,000. FMR LLC boosted its position in Parker-Hannifin by 9.6% during the 3rd quarter. FMR LLC now owns 3,689,402 shares of the industrial products company’s stock worth $1,437,096,000 after acquiring an additional 324,063 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Parker-Hannifin by 61.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 676,123 shares of the industrial products company’s stock worth $166,360,000 after purchasing an additional 257,251 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Parker-Hannifin by 65,634.7% during the 4th quarter. International Assets Investment Management LLC now owns 219,554 shares of the industrial products company’s stock worth $101,149,000 after purchasing an additional 219,220 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

PH opened at $534.65 on Friday. The firm has a market capitalization of $68.65 billion, a P/E ratio of 26.47, a price-to-earnings-growth ratio of 1.97 and a beta of 1.52. The stock’s 50 day moving average price is $540.36 and its two-hundred day moving average price is $472.15. The company has a quick ratio of 0.49, a current ratio of 0.90 and a debt-to-equity ratio of 0.72. Parker-Hannifin Co. has a 12-month low of $309.89 and a 12-month high of $570.15.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $6.15 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $4.82 billion. During the same quarter last year, the firm earned $4.76 EPS. Parker-Hannifin’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts forecast that Parker-Hannifin Co. will post 24.3 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, February 8th. Parker-Hannifin’s payout ratio is presently 29.31%.

Insider Transactions at Parker-Hannifin

In other news, VP Thomas C. Gentile sold 2,978 shares of Parker-Hannifin stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $501.72, for a total transaction of $1,494,122.16. Following the sale, the vice president now 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 Securities & Exchange Commission, which is available through the SEC website. In related news, VP Thomas C. Gentile sold 2,978 shares of the business’s stock in a transaction 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 sale, the vice president now 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 through this link. Also, COO Andrew D. Ross sold 3,904 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $510.16, for a total value of $1,991,664.64. Following the completion of the sale, the chief operating officer now directly owns 13,120 shares in the company, valued at approximately $6,693,299.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,079 shares of company stock valued at $6,099,566. 1.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PH shares. KeyCorp raised their price target on Parker-Hannifin from $575.00 to $640.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $551.00 price target on shares of Parker-Hannifin in a research note on Tuesday, January 2nd. Truist Financial started coverage on Parker-Hannifin in a research note on Thursday, March 14th. They set a “buy” rating and a $602.00 price target for the company. Barclays raised 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. Finally, Stifel Nicolaus raised their price objective on Parker-Hannifin from $588.00 to $629.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $515.38.

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.