DRW Securities LLC Sells 1,097 Shares of Parker-Hannifin Co. (NYSE:PH)

DRW Securities LLC reduced its holdings in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 66.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 545 shares of the industrial products company's stock after selling 1,097 shares during the period. DRW Securities LLC's holdings in Parker-Hannifin were worth $347,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Global Retirement Partners LLC increased its holdings in shares of Parker-Hannifin by 1.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,392 shares of the industrial products company's stock valued at $886,000 after purchasing an additional 15 shares during the period. FFT Wealth Management LLC grew its holdings in shares of Parker-Hannifin by 1.3% during the fourth quarter. FFT Wealth Management LLC now owns 1,150 shares of the industrial products company's stock worth $732,000 after buying an additional 15 shares in the last quarter. GenTrust LLC grew its position in shares of Parker-Hannifin by 2.9% in the fourth quarter. GenTrust LLC now owns 524 shares of the industrial products company's stock valued at $333,000 after purchasing an additional 15 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Parker-Hannifin by 11.9% during the 4th quarter. Grove Bank & Trust now owns 150 shares of the industrial products company's stock worth $95,000 after acquiring an additional 16 shares during the period. Finally, Moody Lynn & Lieberson LLC boosted its holdings in Parker-Hannifin by 0.6% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 2,709 shares of the industrial products company's stock valued at $1,723,000 after purchasing an additional 16 shares during the last quarter. 82.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on PH shares. Truist Financial decreased their target price on Parker-Hannifin from $842.00 to $717.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Stifel Nicolaus cut their target price on Parker-Hannifin from $691.00 to $564.00 and set a "hold" rating on the stock in a research report on Monday. UBS Group cut their target price on Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Barclays decreased their price target on shares of Parker-Hannifin from $750.00 to $700.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Finally, StockNews.com cut Parker-Hannifin from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $705.35.

Parker-Hannifin Price Performance

NYSE:PH traded down $6.71 during mid-day trading on Wednesday, reaching $561.54. 200,322 shares of the company were exchanged, compared to its average volume of 708,978. Parker-Hannifin Co. has a 12 month low of $488.45 and a 12 month high of $718.44. The company has a fifty day moving average of $626.42 and a 200 day moving average of $650.00. The stock has a market cap of $72.28 billion, a PE ratio of 23.24, a PEG ratio of 2.85 and a beta of 1.39. 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 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 return on equity of 27.34% and a net margin of 15.87%. On average, research analysts anticipate that Parker-Hannifin Co. will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 7th were paid a $1.63 dividend. The ex-dividend date was Friday, February 7th. This represents a $6.52 annualized dividend and a yield of 1.16%. Parker-Hannifin's dividend payout ratio 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.