This morning we watched Parker-Hannifin rise 1.1% to a price of $408.95 per share. The large-cap Metal Fabrication company is now trading -7.93% below its average target price of $444.19. Analysts have set target prices ranging from $300.0 to $500.0 per share for Parker-Hannifin, and have given the stock an average rating of buy.
Parker-Hannifin's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 0.9%. The stock's short ratio is 1.75. The company's insiders own 0.44% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 85.9%. In conclusion, we believe there is mixed market sentiment regarding Parker-Hannifin.
Institutions Invested in Parker-Hannifin
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 8% | 10,352,178 | $4,233,574,814 |
| 2023-06-30 | Blackrock Inc. | 6% | 8,248,106 | $3,373,104,078 |
| 2023-06-30 | State Street Corporation | 4% | 5,559,538 | $2,273,600,788 |
| 2023-06-30 | Bank of America Corporation | 4% | 4,710,290 | $1,926,296,583 |
| 2023-06-30 | Aristotle Capital Management, LLC | 3% | 3,890,292 | $1,590,954,312 |
| 2023-06-30 | Ameriprise Financial, Inc. | 3% | 3,761,061 | $1,538,104,650 |
| 2023-06-30 | FMR, LLC | 3% | 3,365,339 | $1,376,272,165 |
| 2023-06-30 | JP Morgan Chase & Company | 2% | 3,190,496 | $1,304,769,248 |
| 2023-06-30 | Invesco Ltd. | 2% | 2,858,713 | $1,169,084,936 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 2,696,078 | $1,102,574,542 |
