Choreo LLC Has $5.98 Million Holdings in Parker-Hannifin Corporation $PH

Choreo LLC increased its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 8.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,729 shares of the industrial products company’s stock after acquiring an additional 533 shares during the period. Choreo LLC’s holdings in Parker-Hannifin were worth $5,980,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Dara Capital US Inc. acquired a new stake in shares of Parker-Hannifin during the 4th quarter worth approximately $651,000. Altfest L J & Co. Inc. boosted 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 worth $251,000 after acquiring an additional 12 shares in the last quarter. Clear Creek Financial Management LLC boosted its position in shares of Parker-Hannifin by 3.0% during the 4th quarter. Clear Creek Financial Management LLC now owns 1,290 shares of the industrial products company’s stock worth $1,134,000 after acquiring an additional 37 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in shares of Parker-Hannifin during the 4th quarter worth approximately $301,000. Finally, Ritholtz Wealth Management boosted its position in shares of Parker-Hannifin by 54.6% during the 4th quarter. Ritholtz Wealth Management now owns 3,334 shares of the industrial products company’s stock worth $2,930,000 after acquiring an additional 1,178 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PH shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Parker-Hannifin in a research report on Thursday, January 29th. Truist Financial set a $1,139.00 price target on shares of Parker-Hannifin in a research report on Friday, January 30th. iA Financial set a $1,032.00 price target on shares of Parker-Hannifin in a research report on Thursday, January 29th. Jefferies Financial Group increased their price target on shares of Parker-Hannifin from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Finally, Barclays raised their target price on shares of Parker-Hannifin from $990.00 to $1,020.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Seventeen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $998.35.

Insider Activity

In other news, VP Berend Bracht sold 1,457 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $946.48, for a total transaction of $1,379,021.36. Following the completion of the transaction, the vice president owned 2,580 shares of the company’s stock, valued at approximately $2,441,918.40. This trade represents a 36.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dinu J. Parel sold 1,316 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $950.05, for a total transaction of $1,250,265.80. Following the transaction, the vice president directly owned 6,534 shares of the company’s stock, valued at $6,207,626.70. The trade was a 16.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 10,063 shares of company stock valued at $9,891,214. 0.32% of the stock is currently owned by company insiders.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $983.95 on Monday. Parker-Hannifin Corporation has a fifty-two week low of $538.08 and a fifty-two week high of $1,034.96. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.18 and a quick ratio of 0.66. The firm has a market capitalization of $124.19 billion, a P/E ratio of 35.88, a P/E/G ratio of 3.17 and a beta of 1.25. The company’s 50 day moving average price is $953.02 and its two-hundred day moving average price is $881.48.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, January 29th. The industrial products company reported $7.65 earnings per share for the quarter, beating analysts’ consensus estimates of $7.11 by $0.54. Parker-Hannifin had a net margin of 17.29% and a return on equity of 27.56%. During the same period last year, the company earned $6.53 EPS. Parker-Hannifin’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 6th were given a $1.80 dividend. The ex-dividend date was Friday, February 6th. This represents a $7.20 dividend on an annualized basis and a yield of 0.7%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 26.26%.

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.