Parker-Hannifin Co. (NYSE:PH) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont decreased its position in shares of Parker-Hannifin Co. (NYSE:PH) by 3.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,493 shares of the industrial products company’s stock after selling 50 shares during the period. Trust Co. of Vermont’s holdings in Parker-Hannifin were worth $755,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC grew its stake in shares of Parker-Hannifin by 60.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 53 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 20 shares during the last quarter. Sachetta LLC bought a new stake in Parker-Hannifin during the fourth quarter worth approximately $25,000. Northwest Investment Counselors LLC bought a new position in shares of Parker-Hannifin in the first quarter valued at $31,000. Wetzel Investment Advisors Inc. bought a new position in shares of Parker-Hannifin in the fourth quarter valued at $26,000. Finally, First United Bank & Trust acquired a new stake in shares of Parker-Hannifin during the 4th quarter valued at $29,000. Institutional investors own 82.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PH. Raymond James started coverage on Parker-Hannifin in a research report on Friday, June 28th. They set an “outperform” rating and a $610.00 target price on the stock. Truist Financial boosted their price objective on Parker-Hannifin from $611.00 to $621.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. Wells Fargo & Company decreased their target price on shares of Parker-Hannifin from $630.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Argus boosted their price target on shares of Parker-Hannifin from $550.00 to $590.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Stifel Nicolaus decreased their price objective 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. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $584.21.

Parker-Hannifin Stock Up 2.2 %

NYSE:PH traded up $11.33 during mid-day trading on Tuesday, reaching $517.64. The stock had a trading volume of 638,868 shares, compared to its average volume of 661,117. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.87 and a quick ratio of 0.50. The stock has a market cap of $66.54 billion, a P/E ratio of 24.39, a PEG ratio of 2.04 and a beta of 1.44. The business’s 50 day moving average is $524.52 and its 200 day moving average is $529.98. Parker-Hannifin Co. has a fifty-two week low of $362.49 and a fifty-two week high of $570.15.

Parker-Hannifin 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.