Czech National Bank Has $16.54 Million Stock Holdings in Parker-Hannifin Co. (NYSE:PH)

Czech National Bank boosted its position in Parker-Hannifin Co. (NYSE:PH - Free Report) by 6.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,185 shares of the industrial products company's stock after purchasing an additional 1,691 shares during the period. Czech National Bank's holdings in Parker-Hannifin were worth $16,544,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC lifted its stake in shares of Parker-Hannifin by 2.3% in the 1st quarter. Fidelis Capital Partners LLC now owns 851 shares of the industrial products company's stock valued at $473,000 after purchasing an additional 19 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in Parker-Hannifin by 60.6% during the first quarter. Harbor Investment Advisory LLC now owns 53 shares of the industrial products company's stock valued at $29,000 after buying an additional 20 shares in the last quarter. GoalVest Advisory LLC increased its position in shares of Parker-Hannifin by 40.0% in the first quarter. GoalVest Advisory LLC now owns 70 shares of the industrial products company's stock worth $39,000 after acquiring an additional 20 shares in the last quarter. American Trust raised its stake in shares of Parker-Hannifin by 3.2% in the 1st quarter. American Trust now owns 649 shares of the industrial products company's stock valued at $361,000 after acquiring an additional 20 shares during the period. Finally, TFG Advisers LLC lifted its holdings in shares of Parker-Hannifin by 0.9% during the 2nd quarter. TFG Advisers LLC now owns 2,171 shares of the industrial products company's stock valued at $1,098,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on PH shares. Stifel Nicolaus raised their price objective on Parker-Hannifin from $633.00 to $691.00 and gave the company a "buy" rating in a research report on Wednesday. TD Cowen boosted their price target on Parker-Hannifin from $500.00 to $520.00 and gave the stock a "hold" rating in a research report on Wednesday, September 11th. Evercore ISI increased their price objective on shares of Parker-Hannifin from $620.00 to $656.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Truist Financial reissued a "buy" rating and set a $673.00 target price (up from $621.00) on shares of Parker-Hannifin in a research report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Parker-Hannifin from $595.00 to $645.00 and gave the company a "buy" rating in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Parker-Hannifin currently has an average rating of "Moderate Buy" and an average price target of $636.64.

Parker-Hannifin Stock Performance

Shares of NYSE PH traded up $4.37 during trading on Friday, reaching $630.68. The stock had a trading volume of 291,993 shares, compared to its average volume of 647,478. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.55 and a current ratio of 0.93. The stock has a market cap of $81.07 billion, a PE ratio of 29.72, a P/E/G ratio of 2.57 and a beta of 1.43. Parker-Hannifin Co. has a one year low of $362.49 and a one year high of $639.87. The firm's 50 day moving average price is $586.92 and its two-hundred day moving average price is $554.16.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its earnings results on Thursday, August 8th. The industrial products company reported $6.77 earnings per share for the quarter, topping analysts' consensus estimates of $6.22 by $0.55. Parker-Hannifin had a net margin of 14.27% and a return on equity of 29.08%. The company had revenue of $5.19 billion for the quarter, compared to analysts' expectations of $5.08 billion. During the same period in the prior year, the company earned $6.08 earnings per share. The firm's revenue was up 1.8% compared to the same quarter last year. On average, research analysts forecast that Parker-Hannifin Co. will post 26.63 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 28th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Wednesday, August 28th. Parker-Hannifin's dividend payout ratio (DPR) is 30.73%.

Insider Buying and Selling

In related news, VP Berend Bracht sold 850 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $592.92, for a total value of $503,982.00. Following the sale, the vice president now owns 3,350 shares of the company's stock, valued at $1,986,282. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Parker-Hannifin news, Director Joseph Scaminace sold 1,751 shares of the business's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $589.73, for a total transaction of $1,032,617.23. Following the completion of the transaction, the director now owns 3,900 shares in the company, valued at approximately $2,299,947. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Berend Bracht sold 850 shares of the firm's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $592.92, for a total value of $503,982.00. Following the transaction, the vice president now directly owns 3,350 shares in the company, valued at $1,986,282. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.03% of the company's stock.

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.