Northstar Wealth Partners LLC continued to hold its stake in shares of Parker-Hannifin Corporation (NYSE:PH) during the second quarter, Holdings Channel reports. The fund owned 3,032 shares of the industrial products company’s stock at the end of the second quarter. Northstar Wealth Partners LLC’s holdings in Parker-Hannifin Corporation were worth $495,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PH. Mn Services Vermogensbeheer B.V. raised its position in Parker-Hannifin Corporation by 3.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,558 shares of the industrial products company’s stock valued at $533,000 after buying an additional 128 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in Parker-Hannifin Corporation by 369.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 67,305 shares of the industrial products company’s stock valued at $10,791,000 after buying an additional 52,953 shares in the last quarter. Retirement Systems of Alabama raised its position in Parker-Hannifin Corporation by 1.9% in the first quarter. Retirement Systems of Alabama now owns 64,432 shares of the industrial products company’s stock valued at $10,330,000 after buying an additional 1,206 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Parker-Hannifin Corporation during the first quarter valued at $362,000. Finally, Quantitative Systematic Strategies LLC raised its position in Parker-Hannifin Corporation by 290.4% in the first quarter. Quantitative Systematic Strategies LLC now owns 14,613 shares of the industrial products company’s stock valued at $2,343,000 after buying an additional 10,870 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Shares of Parker-Hannifin Corporation (NYSE PH) opened at 162.39 on Tuesday. Parker-Hannifin Corporation has a 12-month low of $118.77 and a 12-month high of $167.50. The company has a market cap of $21.63 billion, a P/E ratio of 23.66 and a beta of 1.40. The firm has a 50-day moving average of $162.13 and a 200-day moving average of $157.33.

Parker-Hannifin Corporation (NYSE:PH) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.14. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.52 billion. Parker-Hannifin Corporation had a net margin of 8.18% and a return on equity of 22.90%. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.90 earnings per share. Analysts predict that Parker-Hannifin Corporation will post $9.05 EPS for the current year.

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Several research firms have recently weighed in on PH. Stifel Nicolaus set a $198.00 price objective on shares of Parker-Hannifin Corporation and gave the stock a “buy” rating in a research note on Friday. Jefferies Group LLC restated a “hold” rating and set a $163.00 price objective on shares of Parker-Hannifin Corporation in a research note on Thursday, August 3rd. BidaskClub lowered shares of Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Wolfe Research began coverage on shares of Parker-Hannifin Corporation in a research note on Tuesday, July 11th. They set an “outperform” rating and a $182.00 price objective on the stock. Finally, ValuEngine upgraded shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $168.56.

In other news, VP Robert W. Malone sold 793 shares of Parker-Hannifin Corporation stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $159.36, for a total value of $126,372.48. Following the completion of the transaction, the vice president now owns 11,549 shares in the company, valued at $1,840,448.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John G. Dedinsky, Jr. sold 2,530 shares of Parker-Hannifin Corporation stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $160.98, for a total transaction of $407,279.40. Following the completion of the transaction, the vice president now 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. Insiders sold 9,073 shares of company stock valued at $1,450,748 in the last quarter. Corporate insiders own 2.73% of the company’s stock.

Parker-Hannifin Corporation Company Profile

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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