Czech National Bank Purchases 1,725 Shares of Parker-Hannifin Co. (NYSE:PH)

Czech National Bank boosted its holdings in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,910 shares of the industrial products company's stock after acquiring an additional 1,725 shares during the period. Czech National Bank's holdings in Parker-Hannifin were worth $17,752,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. West Branch Capital LLC bought a new position in Parker-Hannifin during the 3rd quarter worth about $25,000. Bangor Savings Bank grew its holdings in shares of Parker-Hannifin by 238.5% during the third quarter. Bangor Savings Bank now owns 44 shares of the industrial products company's stock worth $28,000 after buying an additional 31 shares in the last quarter. Prestige Wealth Management Group LLC raised its position in 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 valued at $35,000 after buying an additional 25 shares during the last quarter. Bank of New Hampshire bought a new stake in Parker-Hannifin in the 4th quarter valued at approximately $35,000. Finally, Northwest Investment Counselors LLC acquired a new position in Parker-Hannifin during the 3rd quarter worth approximately $39,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Trading Up 1.4 %

Shares of PH traded up $9.20 during trading hours on Tuesday, hitting $647.19. 666,737 shares of the stock were exchanged, compared to its average volume of 553,205. The firm has a market capitalization of $83.31 billion, a P/E ratio of 29.23, a price-to-earnings-growth ratio of 2.71 and a beta of 1.45. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.57. Parker-Hannifin Co. has a fifty-two week low of $453.18 and a fifty-two week high of $712.42. The business has a 50-day moving average of $673.15 and a 200-day moving average of $616.80.

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

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, November 8th. Parker-Hannifin's dividend payout ratio is currently 29.45%.

Analysts Set New Price Targets

Several research analysts recently commented on PH shares. Truist Financial increased their price target on Parker-Hannifin from $788.00 to $842.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Barclays lifted their price objective on shares of Parker-Hannifin from $703.00 to $800.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Wells Fargo & Company cut 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. KeyCorp raised their price objective on shares of Parker-Hannifin from $725.00 to $775.00 and gave the stock an "overweight" rating in a research report on Thursday, November 21st. Finally, Mizuho increased their target price on Parker-Hannifin from $665.00 to $715.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $722.94.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, COO Andrew D. Ross sold 4,864 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $706.04, for a total transaction of $3,434,178.56. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer A. Parmentier sold 4,906 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $704.69, for a total transaction of $3,457,209.14. Following the completion of the sale, the chief executive officer now owns 33,607 shares of the company's stock, valued at approximately $23,682,516.83. The trade was a 12.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,077 shares of company stock worth $12,303,829. 0.39% of the stock is owned by corporate insiders.

About Parker-Hannifin

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.