Atria Wealth Solutions Inc. Has $7.11 Million Holdings in Parker-Hannifin Co. (NYSE:PH)

Atria Wealth Solutions Inc. lifted its holdings in Parker-Hannifin Co. (NYSE:PH - Free Report) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,184 shares of the industrial products company's stock after purchasing an additional 611 shares during the period. Atria Wealth Solutions Inc.'s holdings in Parker-Hannifin were worth $7,113,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Prestige Wealth Management Group LLC grew its stake in shares of Parker-Hannifin by 83.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 55 shares of the industrial products company's stock worth $35,000 after purchasing an additional 25 shares during the last quarter. Bank of New Hampshire acquired a new position in shares of Parker-Hannifin in the 4th quarter worth approximately $35,000. Northwest Investment Counselors LLC purchased a new position in shares of Parker-Hannifin in the third quarter worth approximately $39,000. Hager Investment Management Services LLC purchased a new position in shares of Parker-Hannifin in the fourth quarter worth approximately $44,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Parker-Hannifin in the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 82.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PH shares. Truist Financial lifted their target price on shares of Parker-Hannifin from $788.00 to $842.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. UBS Group dropped their target price on shares of Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. StockNews.com raised shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday, February 8th. Barclays lowered their price objective on shares of Parker-Hannifin from $800.00 to $791.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Finally, TD Cowen boosted their price objective on shares of Parker-Hannifin from $520.00 to $575.00 and gave the company a "hold" rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, Parker-Hannifin presently has a consensus rating of "Moderate Buy" and a consensus target price of $739.06.

Parker-Hannifin Price Performance

Shares of PH traded down $31.72 during trading hours on Friday, hitting $663.74. The stock had a trading volume of 522,283 shares, compared to its average volume of 649,110. The company's fifty day moving average is $665.65 and its two-hundred day moving average is $643.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59. Parker-Hannifin Co. has a 52 week low of $492.71 and a 52 week high of $718.44. The stock has a market capitalization of $85.44 billion, a price-to-earnings ratio of 27.47, a P/E/G ratio of 2.87 and a beta of 1.45.

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

Parker-Hannifin Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 0.98%. Parker-Hannifin's dividend payout ratio (DPR) is 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.