Jefferies Financial Group Inc. Sells 1,001 Shares of Parker-Hannifin Co. (NYSE:PH)

Jefferies Financial Group Inc. reduced its position in Parker-Hannifin Co. (NYSE:PH - Free Report) by 21.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,599 shares of the industrial products company's stock after selling 1,001 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Parker-Hannifin were worth $2,289,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in shares of Parker-Hannifin during the 4th quarter valued at $25,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Parker-Hannifin in the 4th quarter worth about $25,000. Millstone Evans Group LLC purchased a new position in shares of Parker-Hannifin in the 4th quarter worth about $30,000. Mpwm Advisory Solutions LLC purchased a new stake in Parker-Hannifin during the fourth quarter valued at about $32,000. Finally, Kestra Investment Management LLC purchased a new stake in Parker-Hannifin during the fourth quarter valued at about $40,000. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Price Performance

Shares of PH traded down $3.38 during mid-day trading on Friday, hitting $663.85. The company's stock had a trading volume of 1,042,542 shares, compared to its average volume of 716,134. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51. The firm has a 50-day simple moving average of $612.05 and a 200 day simple moving average of $646.11. The firm has a market capitalization of $84.83 billion, a P/E ratio of 27.48, a P/E/G ratio of 2.85 and a beta of 1.36. Parker-Hannifin Co. has a 1-year low of $488.45 and a 1-year high of $718.44.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $6.94 earnings per share for the quarter, topping analysts' consensus estimates of $6.72 by $0.22. The company had revenue of $4.96 billion during the quarter, compared to analysts' expectations of $4.99 billion. Parker-Hannifin had a return on equity of 27.34% and a net margin of 15.87%. The business's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.51 earnings per share. Analysts predict that Parker-Hannifin Co. will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 9th will be paid a $1.80 dividend. This is a boost from Parker-Hannifin's previous quarterly dividend of $1.63. The ex-dividend date is Friday, May 9th. This represents a $7.20 annualized dividend and a dividend yield of 1.08%. Parker-Hannifin's payout ratio is 27.72%.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Jay Reidy sold 150 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $620.37, for a total transaction of $93,055.50. Following the completion of the transaction, the vice president now directly owns 2,083 shares of the company's stock, valued at approximately $1,292,230.71. This trade represents a 6.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wolfe Research downgraded shares of Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Stifel Nicolaus lifted their price target on Parker-Hannifin from $564.00 to $630.00 and gave the stock a "hold" rating in a research report on Friday, May 2nd. Citigroup dropped their price target on Parker-Hannifin from $795.00 to $665.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Mizuho set a $785.00 price target on shares of Parker-Hannifin in a research report on Friday, May 16th. Finally, Truist Financial cut their price objective on Parker-Hannifin from $842.00 to $717.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Parker-Hannifin has a consensus rating of "Moderate Buy" and a consensus target price of $718.44.

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.