Dividend Assets Capital LLC decreased its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,986 shares of the industrial products company’s stock after selling 805 shares during the quarter. Dividend Assets Capital LLC owned approximately 0.15% of Parker-Hannifin Corporation worth $35,177,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. IHT Wealth Management LLC raised its position in Parker-Hannifin Corporation by 20.8% during the 2nd quarter. IHT Wealth Management LLC now owns 116 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 20 shares during the last quarter. Parallel Advisors LLC raised its position in Parker-Hannifin Corporation by 4.1% during the 2nd quarter. Parallel Advisors LLC now owns 612 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 24 shares during the last quarter. Israel Discount Bank of New York raised its position in Parker-Hannifin Corporation by 31.6% during the 2nd quarter. Israel Discount Bank of New York now owns 625 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 150 shares during the last quarter. BT Investment Management Ltd bought a new position in Parker-Hannifin Corporation during the 2nd quarter worth $124,000. Finally, Sun Life Financial INC raised its position in Parker-Hannifin Corporation by 8,108.3% during the 2nd quarter. Sun Life Financial INC now owns 985 shares of the industrial products company’s stock worth $157,000 after purchasing an additional 973 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors.

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In other Parker-Hannifin Corporation news, VP Robert W. Malone sold 540 shares of Parker-Hannifin Corporation stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $186.37, for a total transaction of $100,639.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Lee C. Banks sold 5,286 shares of Parker-Hannifin Corporation stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $186.38, for a total value of $985,204.68. Following the transaction, the chief operating officer now owns 112,808 shares of the company’s stock, valued at approximately $21,025,155.04. The disclosure for this sale can be found here. Insiders have sold a total of 11,215 shares of company stock valued at $1,964,758 in the last quarter. Company insiders own 1.12% of the company’s stock.

Several research analysts recently issued reports on the company. Zacks Investment Research raised Parker-Hannifin Corporation from a “hold” rating to a “buy” rating and set a $208.00 target price for the company in a research report on Tuesday, November 7th. BMO Capital Markets raised their target price on Parker-Hannifin Corporation from $200.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. KeyCorp reaffirmed a “buy” rating and set a $205.00 target price on shares of Parker-Hannifin Corporation in a research report on Friday, November 3rd. Citigroup Inc. raised their target price on Parker-Hannifin Corporation from $185.00 to $195.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $210.00 target price on shares of Parker-Hannifin Corporation in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $188.37.

Shares of Parker-Hannifin Corporation (PH) traded down $0.11 on Monday, hitting $182.23. The stock had a trading volume of 409,500 shares, compared to its average volume of 1,019,285. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.95 and a current ratio of 1.44. The firm has a market cap of $24,277.79, a P/E ratio of 20.92, a PEG ratio of 1.64 and a beta of 1.40. Parker-Hannifin Corporation has a 12 month low of $134.03 and a 12 month high of $189.83.

Parker-Hannifin Corporation (NYSE:PH) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $2.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.22. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.31 billion. Parker-Hannifin Corporation had a return on equity of 23.61% and a net margin of 8.37%. The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period last year, the business posted $1.61 EPS. equities research analysts predict that Parker-Hannifin Corporation will post 9.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be paid a $0.66 dividend. The ex-dividend date is Thursday, November 9th. This represents a $2.64 annualized dividend and a dividend yield of 1.45%. Parker-Hannifin Corporation’s dividend payout ratio is presently 33.93%.

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.

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

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