Syon Capital LLC Purchases 118 Shares of Parker-Hannifin Co. (NYSE:PH)

Syon Capital LLC increased its position in shares of Parker-Hannifin Co. (NYSE:PH) by 10.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,239 shares of the industrial products company’s stock after acquiring an additional 118 shares during the period. Syon Capital LLC’s holdings in Parker-Hannifin were worth $788,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PH. Whipplewood Advisors LLC bought a new stake in shares of Parker-Hannifin during the fourth quarter worth about $25,000. Aster Capital Management DIFC Ltd acquired a new stake in Parker-Hannifin during the 4th quarter worth approximately $25,000. Millstone Evans Group LLC acquired a new position in Parker-Hannifin in the 4th quarter valued at approximately $30,000. Bank of New Hampshire bought a new position in shares of Parker-Hannifin during the fourth quarter valued at $35,000. Finally, Kestra Investment Management LLC acquired a new position in shares of Parker-Hannifin during the fourth quarter worth $40,000. Institutional investors and hedge funds own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PH shares. Wells Fargo & Company increased their price objective on Parker-Hannifin from $710.00 to $775.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Barclays lowered their price objective on Parker-Hannifin from $750.00 to $700.00 and set an “overweight” rating for the company in a research report on Thursday, April 10th. Truist Financial reduced their target price on Parker-Hannifin from $842.00 to $717.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Stifel Nicolaus lowered their price target on shares of Parker-Hannifin from $691.00 to $564.00 and set a “hold” rating for the company in a report on Monday, April 14th. Finally, StockNews.com lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $705.35.

Parker-Hannifin Price Performance

PH stock opened at $581.03 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59. The company’s 50-day moving average is $611.61 and its 200-day moving average is $647.11. The stock has a market capitalization of $74.79 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 2.85 and a beta of 1.39. Parker-Hannifin Co. has a 1 year low of $488.45 and a 1 year high of $718.44.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.23 by $0.30. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. Equities research analysts expect that Parker-Hannifin Co. will post 26.71 EPS for the current fiscal 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.