Parker-Hannifin Co. (NYSE:PH) Shares Sold by Keybank National Association OH

Keybank National Association OH lowered its holdings in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 505,726 shares of the industrial products company's stock after selling 13,588 shares during the period. Parker-Hannifin comprises 1.2% of Keybank National Association OH's portfolio, making the stock its 16th largest holding. Keybank National Association OH owned approximately 0.39% of Parker-Hannifin worth $321,657,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of PH. Proficio Capital Partners LLC boosted its stake in shares of Parker-Hannifin by 116,370.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,140,244 shares of the industrial products company's stock valued at $725,229,000 after acquiring an additional 1,139,265 shares during the last quarter. State Street Corp lifted its holdings in Parker-Hannifin by 13.8% in the 3rd quarter. State Street Corp now owns 6,202,235 shares of the industrial products company's stock valued at $3,918,696,000 after purchasing an additional 753,143 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Parker-Hannifin by 39.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,977,849 shares of the industrial products company's stock worth $1,249,645,000 after purchasing an additional 564,365 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Parker-Hannifin during the third quarter worth about $226,570,000. Finally, Mizuho Securities USA LLC raised its position in shares of Parker-Hannifin by 3,566.4% in the third quarter. Mizuho Securities USA LLC now owns 363,302 shares of the industrial products company's stock valued at $229,541,000 after buying an additional 353,393 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Parker-Hannifin Stock Down 0.1 %

Shares of NYSE PH traded down $0.45 during trading on Thursday, reaching $639.60. 260,034 shares of the stock were exchanged, compared to its average volume of 623,081. The business's 50-day moving average price is $665.45 and its 200 day moving average price is $650.27. The company has a market capitalization of $82.33 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 2.85 and a beta of 1.45. Parker-Hannifin Co. has a twelve month low of $492.71 and a twelve month 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 quarterly earnings data on Thursday, January 30th. The industrial products company reported $6.53 earnings per share for the quarter, beating analysts' consensus estimates of $6.23 by $0.30. Parker-Hannifin had a net margin of 15.87% and a return on equity of 27.34%. As a group, equities analysts forecast that Parker-Hannifin Co. will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 7th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, February 7th. Parker-Hannifin's dividend payout ratio (DPR) is currently 26.99%.

Analyst Ratings Changes

Several analysts have commented on PH shares. KeyCorp lifted their target price on shares of Parker-Hannifin from $775.00 to $790.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Truist Financial lifted their price objective on Parker-Hannifin from $788.00 to $842.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Evercore ISI increased their target price on Parker-Hannifin from $777.00 to $824.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Stifel Nicolaus upped their price objective on shares of Parker-Hannifin from $689.00 to $691.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Finally, Barclays cut their price objective on shares of Parker-Hannifin from $800.00 to $791.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $739.06.

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.