Kestra Advisory Services LLC Sells 11,035 Shares of Parker-Hannifin Co. (NYSE:PH)

Kestra Advisory Services LLC reduced its stake in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 608,130 shares of the industrial products company's stock after selling 11,035 shares during the quarter. Parker-Hannifin comprises about 2.1% of Kestra Advisory Services LLC's investment portfolio, making the stock its 3rd biggest position. Kestra Advisory Services LLC owned 0.47% of Parker-Hannifin worth $386,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in PH. Harbour Investments Inc. boosted its position in shares of Parker-Hannifin by 100.4% during the third quarter. Harbour Investments Inc. now owns 1,511 shares of the industrial products company's stock valued at $955,000 after buying an additional 757 shares during the period. Prime Capital Investment Advisors LLC boosted its position in shares of Parker-Hannifin by 4.2% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,419 shares of the industrial products company's stock valued at $897,000 after buying an additional 57 shares during the period. Aptus Capital Advisors LLC boosted its position in shares of Parker-Hannifin by 5.0% during the third quarter. Aptus Capital Advisors LLC now owns 649 shares of the industrial products company's stock valued at $410,000 after buying an additional 31 shares during the period. Empower Advisory Group LLC purchased a new position in shares of Parker-Hannifin during the third quarter valued at approximately $224,000. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Parker-Hannifin by 2.5% during the third quarter. Oppenheimer & Co. Inc. now owns 7,048 shares of the industrial products company's stock valued at $4,453,000 after buying an additional 174 shares during the period. 82.44% of the stock is owned by institutional investors.

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Parker-Hannifin Stock Up 2.2 %

Shares of PH stock traded up $13.53 during trading hours on Wednesday, reaching $629.93. 814,284 shares of the company's stock were exchanged, compared to its average volume of 638,744. The stock's 50 day moving average is $661.29 and its 200-day moving average is $652.32. The company has a market cap of $81.08 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 2.85 and a beta of 1.50. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51. Parker-Hannifin Co. has a fifty-two week low of $492.71 and a fifty-two week high of $718.44.

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 (EPS) 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 predict that Parker-Hannifin Co. will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 7th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, February 7th. Parker-Hannifin's payout ratio is 26.99%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Jefferies Financial Group boosted their price target on Parker-Hannifin from $765.00 to $810.00 and gave the company a "buy" rating in a report on Friday, December 6th. Citigroup assumed coverage on Parker-Hannifin in a report on Friday, February 7th. They issued a "buy" rating and a $795.00 price target for the company. UBS Group lowered their price target on Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating for the company in a report on Friday, January 31st. Truist Financial boosted their price target on Parker-Hannifin from $788.00 to $842.00 and gave the company a "buy" rating in a report on Thursday, December 19th. Finally, Evercore ISI boosted their price target on Parker-Hannifin from $777.00 to $824.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $736.65.

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.