Parker-Hannifin Co. (NYSE:PH) Shares Bought by XTX Topco Ltd

XTX Topco Ltd grew its holdings in Parker-Hannifin Co. (NYSE:PH - Free Report) by 181.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,039 shares of the industrial products company's stock after acquiring an additional 670 shares during the period. XTX Topco Ltd's holdings in Parker-Hannifin were worth $661,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. CreativeOne Wealth LLC raised its position in Parker-Hannifin by 15.8% during the fourth quarter. CreativeOne Wealth LLC now owns 1,117 shares of the industrial products company's stock worth $711,000 after acquiring an additional 152 shares during the period. Trustmark National Bank Trust Department raised its position in Parker-Hannifin by 2.0% during the fourth quarter. Trustmark National Bank Trust Department now owns 12,566 shares of the industrial products company's stock worth $7,992,000 after acquiring an additional 241 shares during the period. SageView Advisory Group LLC raised its position in Parker-Hannifin by 12.3% during the fourth quarter. SageView Advisory Group LLC now owns 2,323 shares of the industrial products company's stock worth $1,478,000 after acquiring an additional 254 shares during the period. Savvy Advisors Inc. raised its position in Parker-Hannifin by 14.2% during the fourth quarter. Savvy Advisors Inc. now owns 755 shares of the industrial products company's stock worth $480,000 after acquiring an additional 94 shares during the period. Finally, Sagespring Wealth Partners LLC acquired a new position in Parker-Hannifin during the fourth quarter worth $941,000. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Up 2.5 %

Shares of Parker-Hannifin stock traded up $14.59 during trading hours on Thursday, reaching $595.40. 483,535 shares of the company were exchanged, compared to its average volume of 713,464. Parker-Hannifin Co. has a 1 year low of $488.45 and a 1 year high of $718.44. The stock's fifty day moving average is $611.61 and its 200 day moving average is $647.11. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.59 and a current ratio of 1.06. The firm has a market cap of $76.64 billion, a PE ratio of 24.62, a PEG ratio of 2.85 and a beta of 1.39.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its 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 net margin of 15.87% and a return on equity of 27.34%. As a group, equities research analysts forecast that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.

Analysts Set New Price Targets

PH has been the topic of several research reports. Barclays decreased their price target 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, April 10th. Stifel Nicolaus lowered their target price on Parker-Hannifin from $691.00 to $564.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Evercore ISI boosted their target price on Parker-Hannifin from $777.00 to $824.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. UBS Group decreased their price objective on Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Finally, Wolfe Research cut Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a report on Thursday, April 3rd. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $705.35.

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.