Winslow Capital Management LLC cut its position in Parker-Hannifin Co. (NYSE:PH - Free Report) by 25.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,439 shares of the industrial products company's stock after selling 479 shares during the period. Winslow Capital Management LLC's holdings in Parker-Hannifin were worth $915,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. EP Wealth Advisors LLC increased its holdings in Parker-Hannifin by 25.7% during the 3rd quarter. EP Wealth Advisors LLC now owns 3,432 shares of the industrial products company's stock worth $2,168,000 after purchasing an additional 701 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Parker-Hannifin by 7.1% in the 3rd 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 last quarter. Geller Advisors LLC purchased a new position in shares of Parker-Hannifin in the 3rd quarter worth approximately $222,000. Continuum Advisory LLC boosted its position 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 last quarter. Finally, Brophy Wealth Management LLC bought a new stake in shares of Parker-Hannifin in the third quarter valued at approximately $723,000. 82.44% of the stock is owned by institutional investors and hedge funds.
Parker-Hannifin Trading Down 0.8 %
Shares of NYSE:PH traded down $4.76 during trading on Monday, reaching $560.61. 237,945 shares of the company were exchanged, compared to its average volume of 709,875. The business's fifty day simple moving average is $631.27 and its 200-day simple moving average is $651.01. The firm has a market capitalization of $72.16 billion, a PE ratio of 23.20, a P/E/G ratio of 2.85 and a beta of 1.39. Parker-Hannifin Co. has a 12-month low of $488.45 and a 12-month high of $718.44. 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 (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, 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%. On average, research analysts anticipate that Parker-Hannifin Co. will post 26.71 EPS for the current year.
Parker-Hannifin Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 7th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $6.52 annualized dividend and a yield of 1.16%. Parker-Hannifin's dividend payout ratio (DPR) is 26.99%.
Analyst Ratings Changes
PH has been the topic of several recent research reports. KeyCorp dropped their target price on Parker-Hannifin from $790.00 to $690.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Citigroup began coverage on Parker-Hannifin in a research report on Friday, February 7th. They set a "buy" rating and a $795.00 price target on the stock. Wolfe Research cut shares of Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Barclays lowered their price objective on shares of Parker-Hannifin from $750.00 to $700.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Truist Financial reduced their price objective on Parker-Hannifin from $842.00 to $717.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $713.00.
Check Out Our Latest Stock Report on PH
Parker-Hannifin Company Profile
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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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