Natixis Advisors L.P. Has $44.68 Million Holdings in Parker-Hannifin Co. (NYSE:PH)

Natixis Advisors L.P. cut its holdings in Parker-Hannifin Co. (NYSE:PH) by 0.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 96,976 shares of the industrial products company’s stock after selling 328 shares during the period. Natixis Advisors L.P.’s holdings in Parker-Hannifin were worth $44,677,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of PH. Fisher Asset Management LLC boosted its stake in shares of Parker-Hannifin by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 385,356 shares of the industrial products company’s stock valued at $177,534,000 after purchasing an additional 8,744 shares in the last quarter. LGT Group Foundation boosted its stake in shares of Parker-Hannifin by 4.5% in the 4th quarter. LGT Group Foundation now owns 54,872 shares of the industrial products company’s stock valued at $25,349,000 after purchasing an additional 2,369 shares in the last quarter. FFT Wealth Management LLC boosted its stake in shares of Parker-Hannifin by 4.4% in the 4th quarter. FFT Wealth Management LLC now owns 947 shares of the industrial products company’s stock valued at $436,000 after purchasing an additional 40 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of Parker-Hannifin by 14.4% in the 4th quarter. First Trust Direct Indexing L.P. now owns 4,015 shares of the industrial products company’s stock valued at $1,850,000 after purchasing an additional 505 shares in the last quarter. Finally, Great Valley Advisor Group Inc. boosted its stake in shares of Parker-Hannifin by 1.8% in the 4th quarter. Great Valley Advisor Group Inc. now owns 1,410 shares of the industrial products company’s stock valued at $650,000 after purchasing an additional 25 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Trading Up 1.0 %

Shares of PH stock traded up $5.50 during trading hours on Friday, hitting $536.18. 970,079 shares of the company were exchanged, compared to its average volume of 601,506. The company has a 50 day simple moving average of $544.86 and a two-hundred day simple moving average of $481.66. Parker-Hannifin Co. has a fifty-two week low of $319.14 and a fifty-two week high of $570.15. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.49 and a current ratio of 0.87. The firm has a market cap of $68.85 billion, a P/E ratio of 25.27, a P/E/G ratio of 1.91 and a beta of 1.51.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $6.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.10 by $0.41. Parker-Hannifin had a net margin of 13.95% and a return on equity of 29.40%. The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter last year, the firm posted $5.93 EPS. Parker-Hannifin’s revenue was up .3% compared to the same quarter last year. Equities analysts anticipate that Parker-Hannifin Co. will post 24.69 EPS for the current year.

Parker-Hannifin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 10th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 1.22%. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.48. The ex-dividend date is Thursday, May 9th. Parker-Hannifin’s payout ratio is currently 27.90%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PH. Truist Financial raised their price target on shares of Parker-Hannifin from $602.00 to $611.00 and gave the company a “buy” rating in a research note on Friday. Barclays dropped their price objective on shares of Parker-Hannifin from $625.00 to $618.00 and set an “overweight” rating for the company in a report on Friday. TD Cowen upgraded shares of Parker-Hannifin from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $300.00 to $500.00 in a report on Friday, March 1st. Evercore ISI raised their price objective on shares of Parker-Hannifin from $505.00 to $590.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. Finally, Mizuho raised their price objective on shares of Parker-Hannifin from $490.00 to $550.00 and gave the company a “neutral” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $523.94.

Parker-Hannifin Company 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.