Condor Capital Management Has $3.99 Million Stock Holdings in Parker-Hannifin Co. (NYSE:PH)

Condor Capital Management lessened its stake in Parker-Hannifin Co. (NYSE:PH) by 1.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 6,276 shares of the industrial products company’s stock after selling 120 shares during the quarter. Condor Capital Management’s holdings in Parker-Hannifin were worth $3,992,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Magnetar Financial LLC acquired a new position in Parker-Hannifin in the 4th quarter valued at approximately $5,584,000. TAP Consulting LLC grew its position in Parker-Hannifin by 1.5% in the fourth quarter. TAP Consulting LLC now owns 3,973 shares of the industrial products company’s stock worth $2,527,000 after acquiring an additional 58 shares in the last quarter. Royal London Asset Management Ltd. grew its position in Parker-Hannifin by 0.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 53,131 shares of the industrial products company’s stock worth $33,793,000 after acquiring an additional 476 shares in the last quarter. WIM INVESTMENT MANAGEMENT Ltd bought a new stake in Parker-Hannifin in the fourth quarter worth approximately $3,657,000. Finally, Vinva Investment Management Ltd grew its position in Parker-Hannifin by 6.8% in the fourth quarter. Vinva Investment Management Ltd now owns 6,407 shares of the industrial products company’s stock worth $4,080,000 after acquiring an additional 410 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

PH has been the subject of several recent research reports. Jefferies Financial Group boosted their target price on shares of Parker-Hannifin from $765.00 to $810.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Citigroup initiated coverage on shares of Parker-Hannifin in a research report on Friday, February 7th. They issued a “buy” rating and a $795.00 target price for the company. StockNews.com downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Wednesday. Evercore ISI upped their price objective on shares of Parker-Hannifin from $777.00 to $824.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, KeyCorp upped their price objective on shares of Parker-Hannifin from $775.00 to $790.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $736.65.

Parker-Hannifin Price Performance

NYSE:PH opened at $629.93 on Thursday. Parker-Hannifin Co. has a one year low of $492.71 and a one year high of $718.44. The stock has a market cap of $81.08 billion, a P/E ratio of 26.07, a PEG ratio of 2.85 and a beta of 1.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59. The company has a fifty day moving average price of $661.07 and a 200 day moving average price of $652.16.

Parker-Hannifin (NYSE:PH) last announced 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 net margin of 15.87% and a return on equity of 27.34%. Analysts anticipate that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 7th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, February 7th. Parker-Hannifin’s dividend payout ratio is 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.