Two Point Capital Management Inc. Has $11.78 Million Stake in Parker-Hannifin Co. (NYSE:PH)

Two Point Capital Management Inc. trimmed its position in Parker-Hannifin Co. (NYSE:PH) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,366 shares of the industrial products company’s stock after selling 127 shares during the period. Parker-Hannifin accounts for approximately 4.2% of Two Point Capital Management Inc.’s investment portfolio, making the stock its 10th biggest position. Two Point Capital Management Inc.’s holdings in Parker-Hannifin were worth $11,782,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. HMS Capital Management LLC lifted its position in Parker-Hannifin by 1.2% in the 4th quarter. HMS Capital Management LLC now owns 3,167 shares of the industrial products company’s stock valued at $2,014,000 after acquiring an additional 38 shares in the last quarter. Ingalls & Snyder LLC raised its holdings in shares of Parker-Hannifin by 0.3% in the 4th quarter. Ingalls & Snyder LLC now owns 8,611 shares of the industrial products company’s stock worth $5,477,000 after purchasing an additional 23 shares during the period. Van ECK Associates Corp bought a new stake in shares of Parker-Hannifin in the 4th quarter worth approximately $13,682,000. Allspring Global Investments Holdings LLC grew its stake in Parker-Hannifin by 1.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 56,711 shares of the industrial products company’s stock valued at $35,701,000 after buying an additional 796 shares in the last quarter. Finally, Davidson Capital Management Inc. grew its stake in Parker-Hannifin by 2.1% in the 4th quarter. Davidson Capital Management Inc. now owns 5,729 shares of the industrial products company’s stock valued at $3,644,000 after buying an additional 116 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Parker-Hannifin from $765.00 to $810.00 and gave the stock a “buy” rating in a report on Friday, December 6th. StockNews.com raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research note on Saturday, February 8th. TD Cowen upped their price objective on shares of Parker-Hannifin from $520.00 to $575.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th. Mizuho boosted their price target on shares of Parker-Hannifin from $665.00 to $715.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Barclays cut their price objective on shares of Parker-Hannifin from $800.00 to $791.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and a consensus target price of $729.18.

Parker-Hannifin Stock Performance

PH opened at $679.01 on Thursday. The stock’s 50 day simple moving average is $664.76 and its 200-day simple moving average is $637.49. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51. The stock has a market cap of $87.40 billion, a PE ratio of 28.10, a P/E/G ratio of 2.84 and a beta of 1.45. Parker-Hannifin Co. has a 1 year low of $492.71 and a 1 year 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 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 26.67 EPS for the current year.

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 7th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $6.52 dividend on an annualized basis and a yield of 0.96%. Parker-Hannifin’s dividend payout ratio is currently 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.