Daiwa Securities Group Inc. increased its stake in Parker-Hannifin Corporation (NYSE:PH) by 59.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,620 shares of the industrial products company’s stock after buying an additional 2,470 shares during the period. Daiwa Securities Group Inc.’s holdings in Parker-Hannifin Corporation were worth $1,058,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its stake in Parker-Hannifin Corporation by 176.0% in the first quarter. Janney Montgomery Scott LLC now owns 6,288 shares of the industrial products company’s stock valued at $1,008,000 after buying an additional 4,010 shares during the period. Glen Harbor Capital Management LLC raised its stake in Parker-Hannifin Corporation by 156.5% in the first quarter. Glen Harbor Capital Management LLC now owns 63,750 shares of the industrial products company’s stock valued at $10,220,000 after buying an additional 38,896 shares during the period. ProShare Advisors LLC raised its stake 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 stake 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. Finally, Mn Services Vermogensbeheer B.V. raised its stake 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. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Parker-Hannifin Corporation (NYSE:PH) opened at 155.76 on Friday. 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 $20.76 billion, a P/E ratio of 21.48 and a beta of 1.40. The firm’s 50 day moving average is $162.45 and its 200 day moving average is $157.96.

Parker-Hannifin Corporation (NYSE:PH) last released its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14. Parker-Hannifin Corporation had a net margin of 8.18% and a return on equity of 22.90%. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the previous year, the company earned $1.90 earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. Equities research analysts anticipate that Parker-Hannifin Corporation will post $9.06 EPS for the current fiscal year.

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Several research firms have recently commented on PH. Stifel Nicolaus set a $198.00 price objective on Parker-Hannifin Corporation and gave the stock a “buy” rating in a research note on Friday, August 4th. BidaskClub lowered Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and issued a $163.00 price objective on shares of Parker-Hannifin Corporation in a research note on Thursday, August 3rd. Wolfe Research began coverage on Parker-Hannifin Corporation in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $182.00 price objective for the company. Finally, Zacks Investment Research lowered Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $168.69.

In other Parker-Hannifin Corporation news, VP Martin C. Maxwell sold 2,850 shares of Parker-Hannifin Corporation stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $160.08, for a total value of $456,228.00. Following the completion of the transaction, the vice president now owns 21,968 shares of the company’s stock, valued at $3,516,637.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $160.98, for a total transaction of $407,279.40. Following the sale, 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. 2.73% of the stock is currently owned by insiders.

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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