XTX Topco Ltd Has $661,000 Stock Holdings in Parker-Hannifin Co. (NYSE:PH)

XTX Topco Ltd raised its holdings in shares of Parker-Hannifin Co. (NYSE:PH) by 181.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,039 shares of the industrial products company’s stock after buying an additional 670 shares during the period. XTX Topco Ltd’s holdings in Parker-Hannifin were worth $661,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PH. Whipplewood Advisors LLC bought a new position in Parker-Hannifin in the 4th quarter valued at about $25,000. Aster Capital Management DIFC Ltd bought a new position in shares of Parker-Hannifin in the fourth quarter valued at approximately $25,000. Millstone Evans Group LLC purchased a new position in shares of Parker-Hannifin during the fourth quarter valued at approximately $30,000. Bank of New Hampshire bought a new stake in Parker-Hannifin during the fourth quarter worth $35,000. Finally, Kestra Investment Management LLC purchased a new stake in Parker-Hannifin in the 4th quarter valued at $40,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Price Performance

Parker-Hannifin stock opened at $561.21 on Friday. The business has a fifty day moving average price of $619.17 and a 200-day moving average price of $648.41. The firm has a market capitalization of $72.24 billion, a P/E ratio of 23.23, a PEG ratio of 2.85 and a beta of 1.39. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 0.59. Parker-Hannifin Co. has a one year low of $488.45 and a one year high of $718.44.

Parker-Hannifin (NYSE:PH) last posted its 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 net margin of 15.87% and a return on equity of 27.34%. As a group, equities research analysts forecast that Parker-Hannifin Co. will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 7th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Friday, February 7th. Parker-Hannifin’s dividend payout ratio is currently 26.99%.

Wall Street Analysts Forecast Growth

PH has been the topic of a number of analyst reports. Wolfe Research downgraded shares of Parker-Hannifin from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 3rd. Stifel Nicolaus reduced their price objective on shares of Parker-Hannifin from $691.00 to $564.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Barclays dropped their target price on shares of Parker-Hannifin from $750.00 to $700.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Wells Fargo & Company upped their target price on Parker-Hannifin from $710.00 to $775.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, KeyCorp dropped their price target on Parker-Hannifin from $790.00 to $690.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $705.35.

About Parker-Hannifin

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.