Marshall Wace LLP Sells 30,126 Shares of Parker-Hannifin Co. (NYSE:PH)

Marshall Wace LLP decreased its position in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 34.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,482 shares of the industrial products company's stock after selling 30,126 shares during the period. Marshall Wace LLP's holdings in Parker-Hannifin were worth $37,196,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Parker-Hannifin during the 4th quarter worth about $1,106,132,000. Proficio Capital Partners LLC increased its holdings in shares of Parker-Hannifin by 116,370.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,140,244 shares of the industrial products company's stock worth $725,229,000 after purchasing an additional 1,139,265 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Parker-Hannifin by 176.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 438,126 shares of the industrial products company's stock worth $278,661,000 after purchasing an additional 279,480 shares during the period. Raymond James Financial Inc. bought a new position in shares of Parker-Hannifin during the 4th quarter worth about $175,739,000. Finally, Franklin Resources Inc. increased its holdings in shares of Parker-Hannifin by 41.1% during the 4th quarter. Franklin Resources Inc. now owns 911,075 shares of the industrial products company's stock worth $579,471,000 after purchasing an additional 265,559 shares during the period. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Trading Up 2.6 %

Parker-Hannifin stock traded up $14.88 during trading hours on Thursday, reaching $595.69. 521,451 shares of the company's stock traded hands, compared to its average volume of 713,645. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.59 and a current ratio of 1.06. Parker-Hannifin Co. has a fifty-two week low of $488.45 and a fifty-two week high of $718.44. The firm has a market capitalization of $76.68 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 2.85 and a beta of 1.39. The firm's 50 day moving average is $611.61 and its 200-day moving average is $647.11.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $6.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.23 by $0.30. Parker-Hannifin had a net margin of 15.87% and a return on equity of 27.34%. On average, analysts predict that Parker-Hannifin Co. will post 26.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PH. UBS Group lowered their target price on shares of Parker-Hannifin from $842.00 to $805.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. StockNews.com cut shares of Parker-Hannifin from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Wolfe Research cut shares of Parker-Hannifin from an "outperform" rating to a "peer perform" rating in a research note on Thursday, April 3rd. Stifel Nicolaus decreased their price objective on shares of Parker-Hannifin from $691.00 to $564.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Finally, Truist Financial cut their target price on shares of 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 research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $705.35.

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.