Parker-Hannifin Corporation sees shifts in institutional holdings and analyst ratings

Parker-Hannifin Corporation (NYSE: PH) has seen recent activity regarding institutional holdings and analyst ratings. Vise Technologies Inc. increased its position in the industrial products company by 35% during the second quarter, bringing its total holdings to 6,079 shares valued at approximately $5,946,000.

Other institutional investors, including E Fund Management Co. Ltd. and NewEdge Wealth LLC, also modified their stakes during the same period. Currently, institutional investors and hedge funds own 82.44% of the company's stock.

Wall Street analysts have issued mixed reports on the stock. Wall Street Zen recently downgraded the company from a ‘buy’ to a ‘hold’ rating. Conversely, Truist Financial raised its price objective from $1,269.00 to $1,358.00 with a ‘buy’ rating. Other firms, such as BNP Paribas Exane and BMO Capital Markets, have maintained ‘outperform’ ratings with updated price targets. The stock maintains a market capitalization of $126.46 billion.