Sand Hill Global Advisors LLC Sells 650 Shares of Parker-Hannifin Co. (NYSE:PH)

Sand Hill Global Advisors LLC decreased its position in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,068 shares of the industrial products company's stock after selling 650 shares during the quarter. Sand Hill Global Advisors LLC's holdings in Parker-Hannifin were worth $10,219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PH. EP Wealth Advisors LLC boosted its position in Parker-Hannifin by 25.7% in the third quarter. EP Wealth Advisors LLC now owns 3,432 shares of the industrial products company's stock valued at $2,168,000 after buying an additional 701 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Parker-Hannifin by 7.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 37,800 shares of the industrial products company's stock valued at $23,883,000 after buying an additional 2,495 shares during the period. Groupama Asset Managment boosted its position in shares of Parker-Hannifin by 14,546.1% during the 3rd quarter. Groupama Asset Managment now owns 132,840 shares of the industrial products company's stock valued at $83,931,000 after purchasing an additional 131,933 shares in the last quarter. Geller Advisors LLC bought a new position in shares of Parker-Hannifin during the 3rd quarter worth approximately $222,000. Finally, Continuum Advisory LLC grew its holdings in Parker-Hannifin by 2.9% in the third quarter. Continuum Advisory LLC now owns 1,277 shares of the industrial products company's stock worth $891,000 after purchasing an additional 36 shares during the period. Institutional investors own 82.44% of the company's stock.

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Parker-Hannifin Price Performance

PH traded up $4.60 during midday trading on Friday, hitting $564.78. The stock had a trading volume of 938,635 shares, compared to its average volume of 711,680. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.59 and a current ratio of 1.06. Parker-Hannifin Co. has a 1 year low of $488.45 and a 1 year high of $718.44. The business has a fifty day moving average of $631.27 and a 200 day moving average of $651.01. The company has a market cap of $72.70 billion, a P/E ratio of 23.38, a price-to-earnings-growth ratio of 2.85 and a beta of 1.39.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $6.53 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%. As a group, equities analysts forecast that Parker-Hannifin Co. will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.15%. Parker-Hannifin's dividend payout ratio is currently 26.99%.

Analyst Upgrades and Downgrades

PH has been the subject of several recent research reports. Truist Financial decreased their price objective on Parker-Hannifin from $842.00 to $717.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Evercore ISI lifted their price target on Parker-Hannifin from $777.00 to $824.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Barclays dropped their target price on shares of Parker-Hannifin from $750.00 to $700.00 and set an "overweight" rating on the stock in a research note on Thursday. KeyCorp lowered their price objective on Parker-Hannifin from $790.00 to $690.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Wolfe Research downgraded Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 3rd. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $720.47.

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.