Smithfield Trust Co. lowered its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,662 shares of the industrial products company’s stock after selling 13 shares during the period. Smithfield Trust Co.’s holdings in Parker-Hannifin Corporation were worth $266,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Macquarie Group Ltd. boosted its stake in Parker-Hannifin Corporation by 120.5% in the fourth quarter. Macquarie Group Ltd. now owns 145,042 shares of the industrial products company’s stock valued at $20,306,000 after buying an additional 79,254 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in Parker-Hannifin Corporation by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 115,174 shares of the industrial products company’s stock valued at $18,465,000 after buying an additional 3,640 shares during the period. Manning & Napier Advisors LLC boosted its stake in Parker-Hannifin Corporation by 8.6% in the first quarter. Manning & Napier Advisors LLC now owns 22,209 shares of the industrial products company’s stock valued at $3,560,000 after buying an additional 1,750 shares during the period. Raymond James Trust N.A. boosted its stake in Parker-Hannifin Corporation by 52.5% in the first quarter. Raymond James Trust N.A. now owns 4,353 shares of the industrial products company’s stock valued at $698,000 after buying an additional 1,499 shares during the period. Finally, Gulf International Bank UK Ltd boosted its stake in Parker-Hannifin Corporation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 41,655 shares of the industrial products company’s stock valued at $6,678,000 after buying an additional 550 shares during the period. 80.17% of the stock is currently owned by institutional investors.

Parker-Hannifin Corporation (NYSE PH) opened at 164.22 on Monday. The company has a market cap of $21.87 billion, a P/E ratio of 23.92 and a beta of 1.40. Parker-Hannifin Corporation has a 1-year low of $118.77 and a 1-year high of $167.50. The stock has a 50 day moving average price of $162.13 and a 200 day moving average price of $157.33.

Parker-Hannifin Corporation (NYSE:PH) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.31 by $0.14. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Parker-Hannifin Corporation had a return on equity of 22.90% and a net margin of 8.18%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.90 EPS. On average, equities research analysts anticipate that Parker-Hannifin Corporation will post $9.05 EPS for the current fiscal year.

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Several equities research analysts recently commented on PH shares. Zacks Investment Research raised Parker-Hannifin Corporation from a “hold” rating to a “buy” rating and set a $180.00 price objective on the stock in a research report on Monday, April 10th. Credit Suisse Group set a $169.00 price objective on Parker-Hannifin Corporation and gave the company a “buy” rating in a research report on Wednesday, April 12th. Jefferies Group LLC reaffirmed a “sell” rating on shares of Parker-Hannifin Corporation in a research report on Friday, April 14th. Barclays PLC reaffirmed an “equal weight” rating and set a $148.00 price objective (down from $158.00) on shares of Parker-Hannifin Corporation in a research report on Wednesday, April 19th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $175.00 price objective on shares of Parker-Hannifin Corporation in a research report on Thursday, April 20th. Four research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $168.56.

In other news, VP William R. Bowman sold 2,900 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $158.92, for a total value of $460,868.00. Following the completion of the transaction, the vice president now owns 1,172 shares of the company’s stock, valued at approximately $186,254.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP John G. Dedinsky, Jr. sold 2,530 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $160.98, for a total value of $407,279.40. Following the completion of the transaction, the vice president now directly owns 21,753 shares of the company’s stock, valued at approximately $3,501,797.94. The disclosure for this sale can be found here. In the last three months, insiders sold 9,073 shares of company stock valued at $1,450,748. Insiders own 2.73% of the company’s stock.

About Parker-Hannifin Corporation

Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment.

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Institutional Ownership by Quarter for Parker-Hannifin Corporation (NYSE:PH)

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