Parker-Hannifin Corporation $PH Holdings Decreased by Keel Point LLC

Keel Point LLC lowered its stake in Parker-Hannifin Corporation (NYSE:PH) by 59.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 649 shares of the industrial products company’s stock after selling 958 shares during the quarter. Keel Point LLC’s holdings in Parker-Hannifin were worth $581,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PH. Texas Capital Bancshares Inc TX acquired a new stake in shares of Parker-Hannifin in the 3rd quarter worth approximately $25,000. HFM Investment Advisors LLC boosted its holdings in shares of Parker-Hannifin by 1,000.0% in the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of Parker-Hannifin during the fourth quarter valued at approximately $31,000. NFSG Corp increased its stake in shares of Parker-Hannifin by 94.4% during the first quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 17 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC raised its holdings in Parker-Hannifin by 80.0% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 16 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on PH. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a research report on Monday, June 8th. JPMorgan Chase & Co. dropped their price objective on Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Mizuho set a $1,050.00 price objective on Parker-Hannifin in a report on Friday, May 1st. Wall Street Zen lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Evercore set a $1,064.00 price target on shares of Parker-Hannifin in a research report on Monday, May 11th. Eighteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,027.38.

Parker-Hannifin Trading Up 0.2%

Parker-Hannifin stock opened at $978.14 on Monday. The firm has a market cap of $123.33 billion, a price-to-earnings ratio of 36.08, a price-to-earnings-growth ratio of 2.61 and a beta of 1.12. Parker-Hannifin Corporation has a 1 year low of $692.02 and a 1 year high of $1,034.96. The firm’s 50 day moving average price is $933.72 and its two-hundred day moving average price is $938.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 EPS for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.94 EPS. On average, research analysts predict that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Profile

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.