Evexia Wealth LLC reduced its stake in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,369 shares of the industrial products company's stock after selling 611 shares during the period. Parker-Hannifin accounts for approximately 4.6% of Evexia Wealth LLC's investment portfolio, making the stock its 3rd biggest position. Evexia Wealth LLC's holdings in Parker-Hannifin were worth $13,247,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of PH. Whipplewood Advisors LLC bought a new position in shares of Parker-Hannifin in the 4th quarter worth about $25,000. Aster Capital Management DIFC Ltd bought a new stake in Parker-Hannifin in the fourth quarter worth approximately $25,000. Millstone Evans Group LLC acquired a new position in Parker-Hannifin in the fourth quarter valued at approximately $30,000. Prestige Wealth Management Group LLC boosted its holdings in shares of Parker-Hannifin by 83.3% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 55 shares of the industrial products company's stock worth $35,000 after buying an additional 25 shares in the last quarter. Finally, Bank of New Hampshire acquired a new stake in shares of Parker-Hannifin during the 4th quarter worth approximately $35,000. 82.44% of the stock is owned by institutional investors and hedge funds.
Parker-Hannifin Price Performance
Shares of NYSE:PH traded down $0.56 on Monday, hitting $564.81. The company's stock had a trading volume of 286,235 shares, compared to its average volume of 710,032. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59. Parker-Hannifin Co. has a 1 year low of $488.45 and a 1 year high of $718.44. The company has a market capitalization of $72.70 billion, a PE ratio of 23.38, a PEG ratio of 2.85 and a beta of 1.39. The company has a 50-day simple moving average of $631.27 and a 200 day simple moving average of $651.01.
Parker-Hannifin (NYSE:PH - Get Free Report) last released its 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%. Sell-side analysts forecast that Parker-Hannifin Co. will post 26.71 EPS for the current fiscal year.
Parker-Hannifin Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 7th were given a $1.63 dividend. The ex-dividend date was Friday, February 7th. This represents a $6.52 annualized dividend and a yield of 1.15%. Parker-Hannifin's payout ratio is currently 26.99%.
Analyst Ratings Changes
PH has been the subject of a number of research reports. StockNews.com cut shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th. Barclays decreased their price objective on Parker-Hannifin from $750.00 to $700.00 and set an "overweight" rating for the company in a report on Thursday. Wells Fargo & Company increased their target price on shares of Parker-Hannifin from $710.00 to $775.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Stifel Nicolaus dropped 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. Finally, Citigroup initiated coverage on shares of Parker-Hannifin in a research note on Friday, February 7th. They set a "buy" rating and a $795.00 price target for the company. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $713.00.
Read Our Latest Report on PH
About Parker-Hannifin
(
Free Report)
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.
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