Virtu Financial LLC Purchases Shares of 1,151 Parker-Hannifin Co. (NYSE:PH)

Virtu Financial LLC bought a new position in Parker-Hannifin Co. (NYSE:PH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,151 shares of the industrial products company's stock, valued at approximately $732,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new stake in shares of Parker-Hannifin during the 4th quarter valued at $25,000. Millstone Evans Group LLC purchased a new position in Parker-Hannifin during the fourth quarter valued at approximately $30,000. Prestige Wealth Management Group LLC increased its stake in shares of Parker-Hannifin by 83.3% in the third quarter. Prestige Wealth Management Group LLC now owns 55 shares of the industrial products company's stock worth $35,000 after purchasing an additional 25 shares in the last quarter. Bank of New Hampshire bought a new position in Parker-Hannifin in the 4th quarter worth $35,000. Finally, Kestra Investment Management LLC purchased a new stake in Parker-Hannifin in the 4th quarter worth $40,000. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Stock Down 4.1 %

Shares of NYSE:PH traded down $25.49 during trading hours on Friday, hitting $600.78. The company's stock had a trading volume of 812,633 shares, compared to its average volume of 675,985. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59. The firm's fifty day moving average price is $659.79 and its 200 day moving average price is $653.92. Parker-Hannifin Co. has a 52 week low of $492.71 and a 52 week high of $718.44. The company has a market capitalization of $77.33 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 2.85 and a beta of 1.50.

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Parker-Hannifin (NYSE:PH - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts expect that Parker-Hannifin Co. will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The company 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. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, February 7th. Parker-Hannifin's payout ratio is currently 26.99%.

Analysts Set New Price Targets

A number of research analysts recently commented on PH shares. Wells Fargo & Company boosted their price target on Parker-Hannifin from $710.00 to $775.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Truist Financial boosted their price target on shares of Parker-Hannifin from $788.00 to $842.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Jefferies Financial Group boosted their target price on Parker-Hannifin from $765.00 to $810.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. KeyCorp upped their price objective on Parker-Hannifin from $775.00 to $790.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, StockNews.com cut shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $736.65.

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.