Parker-Hannifin Co. (NYSE:PH) Shares Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP lifted its stake in Parker-Hannifin Co. (NYSE:PH - Free Report) by 59.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 136,772 shares of the industrial products company's stock after purchasing an additional 51,181 shares during the quarter. Parker-Hannifin comprises about 1.2% of Artemis Investment Management LLP's portfolio, making the stock its 19th largest holding. Artemis Investment Management LLP owned about 0.11% of Parker-Hannifin worth $86,991,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PH. Franklin Resources Inc. lifted its holdings in shares of Parker-Hannifin by 39.2% during the third quarter. Franklin Resources Inc. now owns 645,516 shares of the industrial products company's stock worth $415,409,000 after purchasing an additional 181,859 shares during the period. Wilkinson Global Asset Management LLC lifted its stake in Parker-Hannifin by 59.1% during the 3rd quarter. Wilkinson Global Asset Management LLC now owns 39,093 shares of the industrial products company's stock valued at $24,700,000 after acquiring an additional 14,526 shares during the period. Banco Santander S.A. boosted its holdings in shares of Parker-Hannifin by 11.9% in the 3rd quarter. Banco Santander S.A. now owns 14,478 shares of the industrial products company's stock valued at $9,147,000 after acquiring an additional 1,544 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Parker-Hannifin by 88.4% in the 3rd quarter. Ritholtz Wealth Management now owns 1,473 shares of the industrial products company's stock valued at $931,000 after acquiring an additional 691 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Parker-Hannifin by 7.1% in the third quarter. FMR LLC now owns 4,116,257 shares of the industrial products company's stock worth $2,600,733,000 after acquiring an additional 272,531 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Parker-Hannifin

In related news, COO Andrew D. Ross sold 4,864 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $706.04, for a total transaction of $3,434,178.56. Following the completion of the sale, the chief operating officer now directly owns 13,120 shares in the company, valued at approximately $9,263,244.80. This trade represents a 27.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph R. Leonti sold 5,877 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $631.04, for a total transaction of $3,708,622.08. Following the completion of the transaction, the vice president now owns 15,350 shares in the company, valued at $9,686,464. The trade was a 27.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,077 shares of company stock worth $12,303,829. Insiders own 0.39% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on PH. Stifel Nicolaus lowered shares of Parker-Hannifin from a "buy" rating to a "hold" rating and set a $691.00 price target on the stock. in a report on Monday, November 18th. Robert W. Baird raised their target price on Parker-Hannifin from $695.00 to $710.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Wells Fargo & Company decreased their price target on Parker-Hannifin from $770.00 to $710.00 and set an "overweight" rating for the company in a report on Tuesday, January 7th. StockNews.com raised shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research note on Saturday, October 12th. Finally, Truist Financial boosted their target price on shares of Parker-Hannifin from $788.00 to $842.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Parker-Hannifin presently has an average rating of "Moderate Buy" and a consensus target price of $722.94.

Parker-Hannifin Price Performance

Shares of Parker-Hannifin stock traded up $12.09 during mid-day trading on Monday, reaching $670.75. 728,894 shares of the stock traded hands, compared to its average volume of 506,987. The company has a quick ratio of 0.57, a current ratio of 0.96 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average of $670.95 and a 200 day moving average of $620.05. The stock has a market capitalization of $86.34 billion, a PE ratio of 30.30, a PEG ratio of 2.54 and a beta of 1.45. Parker-Hannifin Co. has a fifty-two week low of $458.09 and a fifty-two week high of $712.42.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $6.20 earnings per share for the quarter, beating analysts' consensus estimates of $6.14 by $0.06. Parker-Hannifin had a return on equity of 27.95% and a net margin of 14.47%. The company had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the firm posted $5.96 EPS. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts predict that Parker-Hannifin Co. will post 26.75 EPS for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were paid a dividend of $1.63 per share. The ex-dividend date was Friday, November 8th. This represents a $6.52 annualized dividend and a yield of 0.97%. Parker-Hannifin's dividend payout ratio is presently 29.45%.

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.