XTX Topco Ltd Sells 6,943 Shares of Parker-Hannifin Co. (NYSE:PH)

XTX Topco Ltd reduced its position in Parker-Hannifin Co. (NYSE:PH - Free Report) by 95.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 369 shares of the industrial products company's stock after selling 6,943 shares during the quarter. XTX Topco Ltd's holdings in Parker-Hannifin were worth $233,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of PH. CVA Family Office LLC lifted its stake in Parker-Hannifin by 3.9% in the third quarter. CVA Family Office LLC now owns 425 shares of the industrial products company's stock valued at $269,000 after buying an additional 16 shares during the period. Sonoma Private Wealth LLC boosted its stake in Parker-Hannifin by 2.9% during the third quarter. Sonoma Private Wealth LLC now owns 667 shares of the industrial products company's stock worth $421,000 after acquiring an additional 19 shares in the last quarter. W Advisors LLC grew its holdings in Parker-Hannifin by 3.4% in the third quarter. W Advisors LLC now owns 581 shares of the industrial products company's stock worth $367,000 after purchasing an additional 19 shares during the period. Simmons Bank increased its stake in Parker-Hannifin by 0.7% in the third quarter. Simmons Bank now owns 2,753 shares of the industrial products company's stock valued at $1,739,000 after purchasing an additional 19 shares in the last quarter. Finally, CFS Investment Advisory Services LLC raised its holdings in shares of Parker-Hannifin by 3.4% during the third quarter. CFS Investment Advisory Services LLC now owns 583 shares of the industrial products company's stock valued at $368,000 after purchasing an additional 19 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Mizuho boosted their target price on Parker-Hannifin from $665.00 to $715.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. Raymond James upped their target price on Parker-Hannifin from $610.00 to $650.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 4th. Barclays lifted their price target on shares of Parker-Hannifin from $703.00 to $800.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Robert W. Baird upped their price objective on shares of Parker-Hannifin from $695.00 to $710.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, UBS Group started coverage on shares of Parker-Hannifin in a report on Wednesday, November 13th. They set a "buy" rating and a $842.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $712.82.

Insider Buying and Selling

In other Parker-Hannifin news, COO Andrew D. Ross sold 4,864 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $706.04, for a total value of $3,434,178.56. Following the completion of the transaction, the chief operating officer now owns 13,120 shares in the company, valued at $9,263,244.80. This trade represents a 27.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas C. Gentile sold 2,430 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $701.16, for a total value of $1,703,818.80. Following the sale, the vice president now owns 5,465 shares in the company, valued at approximately $3,831,839.40. This represents a 30.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,077 shares of company stock valued at $12,303,829. 0.39% of the stock is owned by company insiders.

Parker-Hannifin Stock Performance

PH stock traded up $7.93 during midday trading on Friday, hitting $647.20. The company's stock had a trading volume of 1,334,093 shares, compared to its average volume of 641,046. Parker-Hannifin Co. has a 1 year low of $440.00 and a 1 year high of $712.42. The stock has a market cap of $83.31 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 2.71 and a beta of 1.43. The stock's 50-day moving average price is $670.84 and its 200 day moving average price is $600.23. The company has a quick ratio of 0.57, a current ratio of 0.96 and a debt-to-equity ratio of 0.52.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $6.20 earnings per share for the quarter, topping analysts' consensus estimates of $6.14 by $0.06. The company had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.90 billion. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $5.96 EPS. On average, equities analysts forecast that Parker-Hannifin Co. will post 26.75 EPS for the current year.

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were issued a $1.63 dividend. The ex-dividend date was Friday, November 8th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.01%. Parker-Hannifin's dividend payout ratio (DPR) is presently 29.45%.

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.