Vestor Capital LLC Buys 5,846 Shares of Parker-Hannifin Corporation $PH

Vestor Capital LLC increased its stake in Parker-Hannifin Corporation (NYSE:PH) by 442.2% during the 1st quarter, HoldingsChannel reports. The firm owned 7,168 shares of the industrial products company’s stock after buying an additional 5,846 shares during the period. Vestor Capital LLC’s holdings in Parker-Hannifin were worth $6,417,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Avion Wealth increased its position in Parker-Hannifin by 35.5% during the fourth quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 11 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its position in Parker-Hannifin by 1.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock worth $540,000 after purchasing an additional 11 shares during the last quarter. Inspire Advisors LLC grew its stake in shares of Parker-Hannifin by 1.2% during the 4th quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock valued at $807,000 after purchasing an additional 11 shares during the period. Optas LLC grew its stake in shares of Parker-Hannifin by 3.1% during the 1st quarter. Optas LLC now owns 370 shares of the industrial products company’s stock valued at $331,000 after purchasing an additional 11 shares during the period. Finally, Altfest L J & Co. Inc. increased its position in shares of Parker-Hannifin by 4.4% during the 4th quarter. Altfest L J & Co. Inc. now owns 286 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 12 shares during the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Up 1.4%

NYSE PH opened at $964.01 on Friday. Parker-Hannifin Corporation has a 52 week low of $692.02 and a 52 week high of $1,034.96. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $121.55 billion, a P/E ratio of 35.56, a price-to-earnings-growth ratio of 2.54 and a beta of 1.11. The stock’s 50-day moving average price is $931.48 and its 200-day moving average price is $937.80.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $6.94 EPS. On average, equities research analysts predict that Parker-Hannifin Corporation will post 31.26 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a research note on Friday, April 10th. Truist Financial boosted their target price on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Wall Street Zen cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,037.00 price target on shares of Parker-Hannifin in a research report on Thursday, July 16th. Finally, Evercore set a $1,064.00 price target on shares of Parker-Hannifin in a research note on Monday, May 11th. Eighteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,027.38.

Parker-Hannifin Profile

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.