TD Asset Management Inc. increased its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 231,109 shares of the industrial products company’s stock after buying an additional 2,677 shares during the period. TD Asset Management Inc.’s holdings in Parker-Hannifin Corporation were worth $36,936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC raised its position in Parker-Hannifin Corporation by 107.6% in the first quarter. ProShare Advisors LLC now owns 25,250 shares of the industrial products company’s stock valued at $4,048,000 after buying an additional 13,088 shares during the period. Rehmann Capital Advisory Group raised its position in Parker-Hannifin Corporation by 2.1% in the first quarter. Rehmann Capital Advisory Group now owns 1,821 shares of the industrial products company’s stock valued at $292,000 after buying an additional 37 shares during the period. 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 during the period. 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 during the period. Finally, 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 during the period. Institutional investors and hedge funds own 80.17% of the company’s stock.

Parker-Hannifin Corporation (PH) opened at 161.02 on Thursday. The firm has a market cap of $21.45 billion, a price-to-earnings ratio of 23.46 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 company has a 50-day moving average of $162.51 and a 200-day moving average of $157.98.

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

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Several research analysts have issued reports on the stock. ValuEngine upgraded shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Credit Suisse Group set a $189.00 price target on shares of Parker-Hannifin Corporation and gave the stock a “buy” rating in a research report on Sunday, May 28th. Barclays PLC set a $162.00 price target on shares of Parker-Hannifin Corporation and gave the stock a “hold” rating in a research report on Sunday, April 30th. Stifel Nicolaus restated a “buy” rating and issued a $189.00 price target on shares of Parker-Hannifin Corporation in a research report on Friday, July 14th. Finally, BidaskClub lowered shares of Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Parker-Hannifin Corporation has a consensus rating of “Buy” and an average target price of $168.69.

In related news, VP John G. Dedinsky, Jr. sold 2,530 shares of the stock in a transaction on Friday, June 2nd. The shares were 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 in the company, valued at $3,501,797.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Martin C. Maxwell sold 2,850 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $160.08, for a total transaction of $456,228.00. Following the transaction, the vice president now owns 21,968 shares of the company’s stock, valued at approximately $3,516,637.44. The disclosure for this sale can be found here. 2.73% of the stock is owned by corporate insiders.

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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