Parker-Hannifin Corp. (NYSE:PH) shares saw an uptick in trading volume on Thursday . 1,574,006 shares traded hands during mid-day trading, an increase of 5% from the previous session’s volume of 1,504,498 shares.The stock last traded at $107.67 and had previously closed at $108.39.

A number of research firms have issued reports on PH. Wells Fargo & Co. raised Parker-Hannifin Corp. from a “market perform” rating to an “outperform” rating in a research report on Thursday, June 30th. JPMorgan Chase & Co. lowered Parker-Hannifin Corp. from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $110.00 to $98.00 in a research report on Monday, June 27th. Zacks Investment Research raised Parker-Hannifin Corp. from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a research report on Tuesday, June 21st. Argus raised Parker-Hannifin Corp. to a “hold” rating in a research report on Friday, May 20th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $100.00 price target on shares of Parker-Hannifin Corp. in a research report on Sunday, May 1st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. Parker-Hannifin Corp. presently has a consensus rating of “Hold” and an average target price of $108.29.

The stock has a 50-day moving average price of $111.41 and a 200-day moving average price of $106.11. The stock has a market cap of $14.99 billion and a PE ratio of 20.66.

Parker-Hannifin Corp. (NYSE:PH) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.07. During the same period last year, the firm posted $2.06 EPS. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Parker-Hannifin Corp.’s revenue was down 10.5% on a year-over-year basis. Analysts expect that Parker-Hannifin Corp. will post $6.31 earnings per share for the current fiscal year.

In other news, VP Robert W. Bond sold 9,756 shares of the company’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $116.66, for a total value of $1,138,134.96. Following the completion of the sale, the vice president now owns 369 shares of the company’s stock, valued at $43,047.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP John G. Dedinsky, Jr. sold 1,500 shares of the company’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $116.96, for a total value of $175,440.00. Following the completion of the sale, the vice president now directly owns 22,353 shares of the company’s stock, valued at approximately $2,614,406.88. The disclosure for this sale can be found here.

Several large investors recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Parker-Hannifin Corp. by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 8,418,469 shares of the company’s stock valued at $816,423,000 after buying an additional 80,749 shares during the last quarter. Harris Associates L P boosted its position in Parker-Hannifin Corp. by 7.9% in the fourth quarter. Harris Associates L P now owns 4,342,297 shares of the company’s stock valued at $421,116,000 after buying an additional 319,440 shares during the period. Pzena Investment Management LLC boosted its position in Parker-Hannifin Corp. by 9.2% in the fourth quarter. Pzena Investment Management LLC now owns 3,839,731 shares of the company’s stock valued at $372,377,000 after buying an additional 324,462 shares during the period. Schroder Investment Management Group boosted its position in Parker-Hannifin Corp. by 3.8% in the fourth quarter. Schroder Investment Management Group now owns 864,322 shares of the company’s stock valued at $83,822,000 after buying an additional 31,793 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Parker-Hannifin Corp. by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 662,642 shares of the company’s stock valued at $64,268,000 after buying an additional 30,671 shares during the period.

Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a wide variety of mobile, industrial and aerospace markets. The Company’s manufacturing, service, sales, distribution and administrative facilities are located in the United States and in 49 other countries.

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