S.G. Americas Securities LLC increased the number of Parker-Hannifin Co. (NYSE: P.H.) shares it owned during the third quarter by 304.4%, as stated in the most recent SEC filing that the company provided. As a result of the fund’s purchase of an additional 4,237 shares of the industrial goods company’s stock during the quarter, the total number of shares of the company’s stock that it owns as of this moment is 5,629 At the close of the most recent reporting period, S.G. Americas Securities LLC concluded that the appropriate price to place on Parker-Hannifin was 1,364,000 dollars.
Recent transactions have caused adjustments to the proportion of the company’s stock that hedge funds and other institutional investors hold. These investors include pension funds, endowments, and foundations. During the third quarter, Raymond James Trust N.A. increased 1.1% in the proportion of Parker-Hannifin stock it owned. Raymond James Trust N.A. is now the owner of 5,604 shares of the stock held by the industrial goods company; these shares have a value of $1,358,000 thanks to the purchase of an additional 63 shares during the period in question. The Czech National Bank started a new position in Parker Hannifin during the third quarter by investing approximately $3,615,000 in the company. This was the bank’s first investment in the company. The proportion of the State of New Jersey Common Pension Fund D’s holdings invested in Parker Hannifin saw a 2.4% increase during the third quarter. The Common Pension Fund D of the State of New Jersey now holds a total of 72,821 shares of the stock of the industrial goods company, which have a value of $17,645,000 following the purchase of an additional 1,696 shares during the period in question. This brings the total number of shares held by the fund to 72,821. Stonegate Investment Group LLC made a 4.6% purchase of additional Parker Hannifin stock during the third quarter, which increased the company’s ownership percentage. During the reporting period, Stonegate Investment Group LLC bought an additional 72 shares of the industrial products company’s stock, thereby increasing the number of shares it owned in the company’s stock. As a direct consequence, the corporation is now the proud owner of 1,632 shares of the company’s stock, which have a combined value of $395,000. And finally, during the third quarter, GHP Investment Advisors Inc. added 5.7% more shares to its portfolio of Parker-Hannifin, which led to an increase of 5.7% in the total number of shares held. After purchasing 774 additional shares during the period, GHP Investment Advisors Inc. now directly owns 14,305 of the industrial products company’s stock, which has a value of $3,466,000. This brings the total number of shares directly owned by the company to 14,305. Institutional investors, such as hedge funds and other financial organizations, now own 81.32% of the company’s shares.
When trading started on Tuesday, the price of P.H. shares was $317.49 per share. At the moment, the company’s share price is trading at $298.87, which is higher than its 50-day simple moving average, which stands at $280.51. The debt-to-equity ratio, the current ratio, and the ratio for measuring liquidity all come in at 1.40, but the ratio for measuring liquidity comes in at 0.73. The company’s market capitalization is currently sitting at $40.77 billion, and it has a price-to-earnings-growth ratio of 1.41 in addition to a beta value of 1.52. Parker-Hannifin Co. has seen a one-year low of $230.44 and a one-year high of $340.00 in the stock price during the same period.
On November 3, Parker-Hannifin released their most recent quarterly earnings report for the company, which was listed on the New York Stock Exchange under the ticker symbol NYSE: P.H. The company that manufactures products for the industrial sector reported quarterly profits per share of $4.74, which is $0.59 higher than the average expectation of $4.15. The experts in the relevant field provided revenue projections for the company’s most recent quarterly report, which ranged from $3.95 billion to $4.23 billion. Parker-Hannifin had a return on equity of 28.26%, and the company’s net margin was 7.67% of revenue. The revenue that Parker-Hannifin brought in during the most recent fiscal year was up 12.4% when compared to the revenue it brought in during the year prior. The company had a profit per share of $4.26 during the same period the year before when the same period was compared. According to the forecasts provided by financial market experts, Parker-Hannifin Co. should generate earnings of 19.11 cents per share during the current financial year.
In addition, on Friday, December 2, the company announced a quarterly dividend and distributed the dividend in the form of payment to shareholders. Investors who recorded their transactions received a dividend payment on Monday, November 14, for $1.33 per share. This translates to a yield of 1.68% and a dividend payment of $5.32 yearly for every shareholder. The ex-dividend date for this dividend was on November 10, but it was not distributed as it had previously been scheduled. At this time, 55.36 percent of Parker-Ced paid out a quarterly dividend on December 2, which was paid out to shareholders. This dividend was paid out to shareholders. Investors who recorded their transactions received a dividend payment on Monday, November 14, for $1.33 per share. This translates to a yield of 1.68% and a dividend payment of $5.32 yearly for every shareholder. The ex-dividend date for this dividend was on November 10, but it was not distributed as it had previously been scheduled. At the moment, dividends account for 55.36% of Parker-Total Hannifin’s earnings, which are paid to shareholders.
Regarding P.H., numerous brokerages have offered their feedback to date. Barclays upgraded Parker-Hannifin from an “underweight” rating to an “overweight” rating. They increased their price target on the stock from $330.00 to $343.00 in a research report published on Thursday, January 5. In a report distributed by StockNews.com on November 4, a research analyst recommended “buying” shares of Parker-Hannifin but later changed their recommendation to “holding” those shares instead. Morgan Stanley published a research report on Friday, January 6, stating that it would begin covering Parker Hannifin. They gave the stock a rating of “equal weight,” and they forecast that the price will reach $311.00. In a research report, Citigroup stated on November 17 that they had raised their price objective for Parker Hannifin to $300.00. The report was published on November 17. TheStreet upgraded its previous rating for Parker-Hannifin, which had been a “c+,” to a “b” after conducting research and publishing the results of that research on November 3. Seven market analysts advise purchasing the stock, while six believe that one’s portfolio should remain unchanged about the stock. The information from Bloomberg.com indicates that the stock is currently rated as having a consensus rating of “Moderate Buy,” with an average price target of $321.45. This information was obtained from the website.
The Parker-Hannifin Corporation is a global leader in producing and distributing technologies and systems related to motion and control. It is used in many applications, some of which can be found in the mobile, industrial, and aerospace industries. The entire company can be broken down into its two primary divisions: Aerospace Systems and Diversified Industrial. In addition to adhesives, coatings, and solutions for noise, vibration, and harshness, Diversified Industrial offers connectors that can control, transmit, and contain fluid; thermal products and systems that are resistant to extreme corrosion; high temperatures; and precise flow; and solutions for noise, vibration, and harshness. All of these products and more can be purchased from Diversified Industrial. In addition, it offers filters, systems, and diagnostic solutions that can monitor and get rid of impurities in the fuel, air, oil, water, and various other liquids and gases, in addition to other substances.
