Two Point Capital Management Inc. Purchases 336 Shares of Parker-Hannifin Co. (NYSE:PH)

Two Point Capital Management Inc. grew its position in Parker-Hannifin Co. (NYSE:PH) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 17,293 shares of the industrial products company’s stock after acquiring an additional 336 shares during the quarter. Parker-Hannifin comprises 3.6% of Two Point Capital Management Inc.’s investment portfolio, making the stock its 12th biggest position. Two Point Capital Management Inc.’s holdings in Parker-Hannifin were worth $7,967,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PH. Tokio Marine Asset Management Co. Ltd. raised its position in Parker-Hannifin by 7.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,227 shares of the industrial products company’s stock valued at $1,487,000 after purchasing an additional 228 shares in the last quarter. GAMMA Investing LLC acquired a new position in Parker-Hannifin during the 4th quarter valued at about $548,000. Beaumont Asset Management L.L.C. increased its position in Parker-Hannifin by 0.8% during the 4th quarter. Beaumont Asset Management L.L.C. now owns 3,071 shares of the industrial products company’s stock valued at $1,415,000 after buying an additional 24 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Parker-Hannifin by 49.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 379 shares of the industrial products company’s stock valued at $175,000 after buying an additional 125 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Parker-Hannifin by 6.4% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 190,553 shares of the industrial products company’s stock valued at $88,512,000 after buying an additional 11,523 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

Shares of PH traded up $4.20 during midday trading on Friday, reaching $553.58. 373,579 shares of the stock were exchanged, compared to its average volume of 582,308. The business’s 50-day moving average price is $542.60 and its 200 day moving average price is $476.62. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.90 and a quick ratio of 0.49. Parker-Hannifin Co. has a twelve month low of $312.36 and a twelve month high of $570.15. The company has a market capitalization of $71.09 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 2.00 and a beta of 1.52.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, February 1st. The industrial products company reported $6.15 EPS for the quarter, beating the consensus estimate of $5.26 by $0.89. Parker-Hannifin had a net margin of 13.28% and a return on equity of 29.91%. The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the prior year, the firm earned $4.76 EPS. Parker-Hannifin’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, sell-side analysts expect that Parker-Hannifin Co. will post 24.3 EPS for the current fiscal year.

Insider Activity at Parker-Hannifin

In related news, VP Thomas C. Gentile sold 2,978 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $501.72, for a total value of $1,494,122.16. Following the completion of the sale, the vice president now owns 5,465 shares in the company, valued at approximately $2,741,899.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Parker-Hannifin news, VP Thomas C. Gentile sold 2,978 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $501.72, for a total transaction of $1,494,122.16. Following the completion of the transaction, the vice president now owns 5,465 shares in the company, valued at approximately $2,741,899.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark J. Hart sold 5,197 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $502.94, for a total transaction of $2,613,779.18. Following the transaction, the executive vice president now owns 7,063 shares of the company’s stock, valued at approximately $3,552,265.22. The disclosure for this sale can be found here. Insiders sold a total of 12,079 shares of company stock worth $6,099,566 in the last 90 days. 1.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PH shares. Evercore ISI boosted their price target on Parker-Hannifin from $505.00 to $590.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. KeyCorp boosted their price target on Parker-Hannifin from $575.00 to $640.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Stifel Nicolaus upped their target price on Parker-Hannifin from $588.00 to $629.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Barclays increased their price target on Parker-Hannifin from $558.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $551.00 price target on shares of Parker-Hannifin in a report on Tuesday, January 2nd. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Parker-Hannifin presently 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.