Jump Financial LLC Acquires 2,573 Shares of Parker-Hannifin Co. (NYSE:PH)

Jump Financial LLC grew its holdings in Parker-Hannifin Co. (NYSE:PH - Free Report) by 587.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,011 shares of the industrial products company's stock after acquiring an additional 2,573 shares during the quarter. Jump Financial LLC's holdings in Parker-Hannifin were worth $1,915,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of PH. Chiron Investment Management LLC acquired a new position in Parker-Hannifin during the fourth quarter worth $3,685,000. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Parker-Hannifin during the fourth quarter worth $21,060,000. Dagco Inc. raised its stake in Parker-Hannifin by 5.8% during the fourth quarter. Dagco Inc. now owns 6,362 shares of the industrial products company's stock worth $4,047,000 after acquiring an additional 351 shares in the last quarter. Canada Post Corp Registered Pension Plan acquired a new position in Parker-Hannifin during the fourth quarter worth $1,416,000. Finally, XTX Topco Ltd increased its stake in shares of Parker-Hannifin by 181.6% in the fourth quarter. XTX Topco Ltd now owns 1,039 shares of the industrial products company's stock valued at $661,000 after buying an additional 670 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PH shares. Stifel Nicolaus decreased their price target on Parker-Hannifin from $691.00 to $564.00 and set a "hold" rating on the stock in a report on Monday, April 14th. KeyCorp decreased their price target on Parker-Hannifin from $790.00 to $690.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Truist Financial decreased their target price on Parker-Hannifin from $842.00 to $717.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company increased their price target on shares of Parker-Hannifin from $710.00 to $775.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Evercore ISI boosted their price objective on shares of Parker-Hannifin from $777.00 to $824.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $705.35.

Parker-Hannifin Price Performance

NYSE PH traded up $14.81 on Thursday, hitting $595.62. 483,535 shares of the company's stock were exchanged, compared to its average volume of 713,464. Parker-Hannifin Co. has a 52 week low of $488.45 and a 52 week high of $718.44. The stock has a market cap of $76.67 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 2.85 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average of $611.61 and a 200-day moving average of $647.11.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share for the quarter, topping 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%. Analysts expect that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.

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.