Cwm LLC Acquires 330 Shares of Parker-Hannifin Co. (NYSE:PH)

Cwm LLC lifted its holdings in shares of Parker-Hannifin Co. (NYSE:PH) by 9.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,017 shares of the industrial products company’s stock after acquiring an additional 330 shares during the period. Cwm LLC’s holdings in Parker-Hannifin were worth $2,032,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PH. Sachetta LLC bought a new position in Parker-Hannifin in the 4th quarter valued at approximately $25,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Parker-Hannifin during the fourth quarter worth $26,000. First United Bank & Trust acquired a new stake in Parker-Hannifin in the fourth quarter valued at $29,000. Harbor Investment Advisory LLC lifted its position in shares of Parker-Hannifin by 60.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 53 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 20 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new position in Parker-Hannifin during the fourth quarter worth $30,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PH shares. Barclays dropped their price objective on shares of Parker-Hannifin from $618.00 to $610.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. Robert W. Baird raised their price objective on shares of Parker-Hannifin from $622.00 to $654.00 and gave the company an “outperform” rating in a research note on Friday. Mizuho upgraded shares of Parker-Hannifin from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $550.00 to $650.00 in a report on Tuesday, May 28th. Bank of America upped their price objective on shares of Parker-Hannifin from $600.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, KeyCorp upped their target price on Parker-Hannifin from $575.00 to $640.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $602.64.

Parker-Hannifin Price Performance

Shares of PH stock traded up $2.25 during trading on Friday, hitting $570.33. The company had a trading volume of 199,112 shares, compared to its average volume of 665,701. The company has a quick ratio of 0.50, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $73.31 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 2.04 and a beta of 1.44. The stock’s 50-day moving average is $525.02 and its two-hundred day moving average is $530.46. Parker-Hannifin Co. has a 52 week low of $362.49 and a 52 week high of $576.54.

Parker-Hannifin (NYSE:PH) last issued 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. The business had revenue of $5.19 billion during the quarter, compared to analyst estimates of $5.08 billion. Parker-Hannifin had a return on equity of 29.40% and a net margin of 13.95%. Parker-Hannifin’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.08 earnings per share. As a group, analysts predict that Parker-Hannifin Co. will post 24.85 EPS for the current fiscal year.

About Parker-Hannifin

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.