Parker-Hannifin Co. (NYSE:PH) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. decreased its position in shares of Parker-Hannifin Co. (NYSE:PH) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,386 shares of the industrial products company’s stock after selling 80 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Parker-Hannifin were worth $1,326,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Janus Henderson Group PLC boosted its stake in Parker-Hannifin by 2.7% during the 1st quarter. Janus Henderson Group PLC now owns 152,245 shares of the industrial products company’s stock worth $84,607,000 after purchasing an additional 3,959 shares during the period. Kodai Capital Management LP lifted its position in Parker-Hannifin by 9.5% during the 1st quarter. Kodai Capital Management LP now owns 290,993 shares of the industrial products company’s stock worth $161,731,000 after acquiring an additional 25,203 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Parker-Hannifin in the first quarter valued at approximately $1,076,000. Benchmark Investment Advisors LLC purchased a new stake in shares of Parker-Hannifin during the first quarter worth approximately $1,535,000. Finally, Silvercrest Asset Management Group LLC lifted its holdings in shares of Parker-Hannifin by 12.8% during the first quarter. Silvercrest Asset Management Group LLC now owns 12,812 shares of the industrial products company’s stock worth $7,121,000 after purchasing an additional 1,453 shares during the period. 82.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PH has been the subject of several recent analyst reports. Stifel Nicolaus reduced their target price on shares of Parker-Hannifin from $629.00 to $613.00 and set a “buy” rating for the company in a research note on Thursday, July 18th. Truist Financial lifted their price objective on Parker-Hannifin from $611.00 to $621.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. Mizuho raised Parker-Hannifin from a “neutral” rating to a “buy” rating and raised their price target for the company from $550.00 to $650.00 in a report on Tuesday, May 28th. Wells Fargo & Company dropped their price objective on Parker-Hannifin from $630.00 to $600.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Finally, Bank of America boosted their price target on Parker-Hannifin from $600.00 to $650.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $576.27.

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Jay Reidy sold 572 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $536.49, for a total value of $306,872.28. Following the completion of the sale, the vice president now owns 1,137 shares of the company’s stock, valued at $609,989.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Berend Bracht sold 1,079 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $548.85, for a total transaction of $592,209.15. Following the completion of the sale, the vice president now owns 4,200 shares of the company’s stock, valued at $2,305,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jay Reidy sold 572 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $536.49, for a total transaction of $306,872.28. Following the transaction, the vice president now owns 1,137 shares in the company, valued at $609,989.13. The disclosure for this sale can be found here. Company insiders own 1.03% of the company’s stock.

Parker-Hannifin Stock Up 1.8 %

Shares of NYSE PH opened at $561.16 on Thursday. The company has a quick ratio of 0.50, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $72.13 billion, a PE ratio of 26.44, a P/E/G ratio of 2.11 and a beta of 1.44. The firm has a fifty day moving average of $525.07 and a 200-day moving average of $528.26. Parker-Hannifin Co. has a 52-week low of $362.49 and a 52-week high of $570.15.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $6.51 EPS for the quarter, topping the consensus estimate of $6.10 by $0.41. The company had revenue of $5.07 billion during the quarter, compared to analyst estimates of $5.07 billion. Parker-Hannifin had a return on equity of 29.40% and a net margin of 13.95%. The firm’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted $5.93 earnings per share. On average, analysts anticipate that Parker-Hannifin Co. will post 24.85 EPS for the current year.

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.