Generali Asset Management SPA SGR Acquires New Holdings in Parker-Hannifin Co. (NYSE:PH)

Generali Asset Management SPA SGR acquired a new stake in Parker-Hannifin Co. (NYSE:PH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,034 shares of the industrial products company's stock, valued at approximately $3,838,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PH. Horizon Investments LLC grew its holdings in Parker-Hannifin by 1.4% during the fourth quarter. Horizon Investments LLC now owns 2,115 shares of the industrial products company's stock worth $1,342,000 after acquiring an additional 30 shares during the period. Advisors Asset Management Inc. boosted its position in Parker-Hannifin by 45.2% in the 4th quarter. Advisors Asset Management Inc. now owns 11,232 shares of the industrial products company's stock worth $7,144,000 after purchasing an additional 3,499 shares in the last quarter. Tocqueville Asset Management L.P. grew its stake in shares of Parker-Hannifin by 0.3% during the 4th quarter. Tocqueville Asset Management L.P. now owns 72,753 shares of the industrial products company's stock worth $46,273,000 after purchasing an additional 220 shares during the period. Signaturefd LLC lifted its stake in shares of Parker-Hannifin by 2.7% in the 4th quarter. Signaturefd LLC now owns 3,052 shares of the industrial products company's stock valued at $1,941,000 after purchasing an additional 79 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Parker-Hannifin by 51.2% in the 4th quarter. Parallel Advisors LLC now owns 4,741 shares of the industrial products company's stock valued at $3,016,000 after purchasing an additional 1,606 shares during the period. Institutional investors and hedge funds own 82.44% of the company's stock.

Remove Ads

Analyst Ratings Changes

PH has been the subject of a number of recent analyst reports. UBS Group cut their price objective on shares of Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating for the company in a report on Friday, January 31st. Truist Financial lifted their price target on Parker-Hannifin from $788.00 to $842.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Wolfe Research upgraded Parker-Hannifin from a "peer perform" rating to an "outperform" rating and set a $786.00 price target on the stock in a research report on Thursday, December 12th. KeyCorp boosted their price objective on Parker-Hannifin from $775.00 to $790.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group increased their target price on Parker-Hannifin from $765.00 to $810.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, Parker-Hannifin has an average rating of "Moderate Buy" and an average price target of $736.65.

Parker-Hannifin Price Performance

Shares of PH stock traded down $1.93 during trading hours on Friday, reaching $622.79. The company had a trading volume of 813,148 shares, compared to its average volume of 641,889. Parker-Hannifin Co. has a 12-month low of $492.71 and a 12-month high of $718.44. The company has a market capitalization of $80.17 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 2.85 and a beta of 1.50. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.59 and a current ratio of 1.06. The stock has a fifty day moving average of $660.60 and a 200-day moving average of $652.66.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $6.53 EPS for the quarter, topping the consensus estimate of $6.23 by $0.30. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. On average, equities analysts anticipate that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 7th were paid a $1.63 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $6.52 annualized dividend and a dividend yield of 1.05%. Parker-Hannifin's dividend payout ratio (DPR) is 26.99%.

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.