Massmutual Trust Co. FSB ADV Has $392,000 Stake in Parker-Hannifin Co. (NYSE:PH)

Massmutual Trust Co. FSB ADV boosted its stake in shares of Parker-Hannifin Co. (NYSE:PH) by 15.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 775 shares of the industrial products company’s stock after purchasing an additional 104 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Parker-Hannifin were worth $392,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sachetta LLC bought a new stake in shares of Parker-Hannifin in the fourth quarter valued at approximately $25,000. Wetzel Investment Advisors Inc. acquired a new stake in Parker-Hannifin in the 4th quarter worth $26,000. First United Bank & Trust bought a new position in shares of Parker-Hannifin during the 4th quarter worth about $29,000. Harbor Investment Advisory LLC raised its position in shares of Parker-Hannifin by 60.6% during the first quarter. Harbor Investment Advisory LLC now owns 53 shares of the industrial products company’s stock valued at $29,000 after buying an additional 20 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Parker-Hannifin in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Parker-Hannifin Stock Down 2.4 %

PH traded down $12.20 during trading hours on Monday, hitting $506.31. 913,683 shares of the company’s stock were exchanged, compared to its average volume of 661,270. The stock has a market cap of $65.08 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 2.04 and a beta of 1.44. Parker-Hannifin Co. has a 1-year low of $362.49 and a 1-year high of $570.15. The stock’s 50-day moving average is $524.99 and its two-hundred day moving average is $529.70. The company has a quick ratio of 0.50, a current ratio of 0.87 and a debt-to-equity ratio of 0.63.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $6.51 EPS for the quarter, beating analysts’ consensus estimates of $6.10 by $0.41. Parker-Hannifin had a net margin of 13.95% and a return on equity of 29.40%. The business had revenue of $5.07 billion for the quarter, compared to analyst estimates of $5.07 billion. During the same quarter in the prior year, the business earned $5.93 EPS. Parker-Hannifin’s quarterly revenue was up .3% on a year-over-year basis. Sell-side analysts predict that Parker-Hannifin Co. will post 24.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PH. Mizuho raised shares of Parker-Hannifin from a “neutral” rating to a “buy” rating and upped their target price for the company from $550.00 to $650.00 in a research note on Tuesday, May 28th. Argus upped their price target on Parker-Hannifin from $550.00 to $590.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Wells Fargo & Company dropped their target price on shares of Parker-Hannifin from $630.00 to $600.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Stifel Nicolaus reduced their price target on shares of Parker-Hannifin from $629.00 to $613.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Finally, Raymond James began coverage on shares of Parker-Hannifin in a report on Friday, June 28th. They set an “outperform” rating and a $610.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $584.21.

Parker-Hannifin 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.