Sustainable Insight Capital Management LLC grew its stake in Parker-Hannifin Corporation (NYSE:PH – Free Report) by 30.4% during the first quarter, Holdings Channel.com reports. The fund owned 2,405 shares of the industrial products company’s stock after acquiring an additional 560 shares during the period. Sustainable Insight Capital Management LLC’s holdings in Parker-Hannifin were worth $2,153,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in PH. JFS Wealth Advisors LLC raised its position in Parker-Hannifin by 6.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 11 shares during the period. Avion Wealth boosted its position in shares of Parker-Hannifin by 35.5% during the fourth quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock worth $36,000 after buying an additional 11 shares during the period. Optas LLC grew its stake in shares of Parker-Hannifin by 3.1% in the first quarter. Optas LLC now owns 370 shares of the industrial products company’s stock valued at $331,000 after buying an additional 11 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of Parker-Hannifin by 1.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock valued at $540,000 after buying an additional 11 shares in the last quarter. Finally, Inspire Advisors LLC raised its holdings in shares of Parker-Hannifin by 1.2% in the 4th quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock valued at $807,000 after buying an additional 11 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.
Parker-Hannifin Stock Up 0.1%
Parker-Hannifin stock opened at $986.17 on Friday. Parker-Hannifin Corporation has a 1-year low of $692.02 and a 1-year high of $1,034.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. The stock has a market cap of $124.35 billion, a PE ratio of 36.38, a P/E/G ratio of 2.63 and a beta of 1.11. The stock’s fifty day moving average is $922.26 and its two-hundred day moving average is $936.00.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. BMO Capital Markets assumed coverage on Parker-Hannifin in a report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 target price for the company. Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. Mizuho set a $1,050.00 price target on shares of Parker-Hannifin in a research report on Friday, May 1st. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Wells Fargo & Company dropped their price objective on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Eighteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,027.38.
Read Our Latest Research Report on Parker-Hannifin
Parker-Hannifin Company 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.
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