Parker-Hannifin Co. (NYSE:PH) Shares Sold by Barclays PLC

Barclays PLC lessened its stake in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,244 shares of the industrial products company's stock after selling 12,866 shares during the quarter. Barclays PLC owned about 0.15% of Parker-Hannifin worth $122,271,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Anchor Investment Management LLC lifted its holdings in shares of Parker-Hannifin by 10.5% in the 3rd quarter. Anchor Investment Management LLC now owns 317 shares of the industrial products company's stock valued at $200,000 after buying an additional 30 shares during the period. Stock Yards Bank & Trust Co. acquired a new stake in Parker-Hannifin in the third quarter valued at $217,000. World Investment Advisors LLC acquired a new position in shares of Parker-Hannifin during the 3rd quarter worth $584,000. Wilmington Savings Fund Society FSB increased its holdings in shares of Parker-Hannifin by 176.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 9,108 shares of the industrial products company's stock valued at $5,755,000 after purchasing an additional 5,817 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of Parker-Hannifin by 10.8% in the third quarter. Tidal Investments LLC now owns 9,683 shares of the industrial products company's stock valued at $6,118,000 after purchasing an additional 946 shares during the period. Hedge funds and other institutional investors own 82.44% of the company's stock.

Parker-Hannifin Trading Up 0.3 %

Shares of NYSE PH traded up $1.76 during midday trading on Friday, hitting $561.21. The stock had a trading volume of 558,227 shares, compared to its average volume of 712,584. The company has a fifty day moving average price of $619.17 and a 200 day moving average price of $648.41. The company has a market capitalization of $72.24 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 2.85 and a beta of 1.39. Parker-Hannifin Co. has a 1-year low of $488.45 and a 1-year high of $718.44. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.51.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, analysts predict 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. Investors of record on Friday, February 7th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 1.16%. The ex-dividend date was Friday, February 7th. Parker-Hannifin's dividend payout ratio (DPR) is 26.99%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PH shares. Barclays cut their target price on shares of Parker-Hannifin from $750.00 to $700.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Truist Financial lowered their target price on Parker-Hannifin from $842.00 to $717.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company boosted their price target on Parker-Hannifin from $710.00 to $775.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Citigroup dropped their price objective on Parker-Hannifin from $795.00 to $665.00 and set a "buy" rating for the company in a research report on Monday. Finally, Wolfe Research lowered shares of Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $705.35.

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.