Leeward Investments LLC MA Makes New Investment in Parker-Hannifin Co. (NYSE:PH)

Leeward Investments LLC MA acquired a new position in shares of Parker-Hannifin Co. (NYSE:PHGet Rating) in the 1st quarter, Holdings Channel.com reports. The fund acquired 39,901 shares of the industrial products company’s stock, valued at approximately $11,322,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Cyrus J. Lawrence LLC bought a new stake in shares of Parker-Hannifin during the first quarter worth $35,000. FinTrust Capital Advisors LLC bought a new stake in shares of Parker-Hannifin in the first quarter valued at about $35,000. MCF Advisors LLC purchased a new position in Parker-Hannifin in the first quarter valued at about $35,000. Mystic Asset Management Inc. purchased a new position in Parker-Hannifin in the fourth quarter valued at about $36,000. Finally, Benjamin Edwards Inc. purchased a new position in Parker-Hannifin in the fourth quarter valued at about $42,000. 80.55% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $292.82 on Friday. The business’s 50 day moving average price is $261.49 and its 200 day moving average price is $277.60. The firm has a market cap of $37.59 billion, a P/E ratio of 29.05, a P/E/G ratio of 1.75 and a beta of 1.57. Parker-Hannifin Co. has a 52 week low of $230.44 and a 52 week high of $340.00. The company has a quick ratio of 1.09, a current ratio of 2.06 and a debt-to-equity ratio of 1.10.

Parker-Hannifin (NYSE:PHGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.67 by $0.49. Parker-Hannifin had a return on equity of 27.81% and a net margin of 8.29%. The company had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.07 billion. During the same period in the previous year, the company posted $4.38 earnings per share. Parker-Hannifin’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, sell-side analysts expect that Parker-Hannifin Co. will post 18.63 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on PH shares. StockNews.com lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Friday. Credit Suisse Group set a $330.00 price target on Parker-Hannifin in a research note on Tuesday, July 19th. Stifel Nicolaus dropped their price target on Parker-Hannifin from $343.00 to $283.00 in a research note on Monday, July 18th. TheStreet lowered Parker-Hannifin from a “b” rating to a “c+” rating in a research note on Thursday. Finally, KeyCorp dropped their price target on Parker-Hannifin from $385.00 to $335.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 12th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.23.

Insider Buying and Selling at Parker-Hannifin

In related news, Director James L. Wainscott purchased 1,000 shares of the firm’s stock in a transaction on Monday, May 9th. The stock was bought at an average cost of $273.44 per share, with a total value of $273,440.00. Following the completion of the acquisition, the director now owns 18,280 shares of the company’s stock, valued at approximately $4,998,483.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.47% of the stock is currently owned by corporate insiders.

Parker-Hannifin Profile

(Get Rating)

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 Company's Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.

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Institutional Ownership by Quarter for Parker-Hannifin (NYSE:PH)

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