Parker-Hannifin Corporation (NYSE:PH) Director Linda S. Harty sold 3,491 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $183.30, for a total value of $639,900.30. Following the completion of the sale, the director now directly owns 9,727 shares of the company’s stock, valued at approximately $1,782,959.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Parker-Hannifin Corporation (NYSE PH) opened at $184.61 on Thursday. Parker-Hannifin Corporation has a 1-year low of $134.03 and a 1-year high of $189.83. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $24,552.23, a PE ratio of 21.16, a price-to-earnings-growth ratio of 1.65 and a beta of 1.40.

Parker-Hannifin Corporation (NYSE:PH) last posted its earnings results on Thursday, November 2nd. The industrial products company reported $2.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.22. Parker-Hannifin Corporation had a return on equity of 23.61% and a net margin of 8.37%. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the company earned $1.61 earnings per share. The business’s revenue was up 22.7% compared to the same quarter last year. equities research analysts anticipate that Parker-Hannifin Corporation will post 9.57 EPS for the current year.

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.43%. Parker-Hannifin Corporation’s payout ratio is presently 33.93%.

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Several brokerages have recently commented on PH. Buckingham Research raised their target price on Parker-Hannifin Corporation from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Credit Suisse Group raised their target price on Parker-Hannifin Corporation from $205.00 to $206.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Robert W. Baird raised their target price on Parker-Hannifin Corporation from $183.00 to $194.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Jefferies Group LLC raised their target price on Parker-Hannifin Corporation from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Finally, Morgan Stanley raised their target price on Parker-Hannifin Corporation from $188.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $188.95.

Several institutional investors have recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its stake in shares of Parker-Hannifin Corporation by 1.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,306 shares of the industrial products company’s stock worth $209,000 after purchasing an additional 15 shares during the period. IHT Wealth Management LLC increased its stake in shares of Parker-Hannifin Corporation by 20.8% in the second 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 period. Parallel Advisors LLC increased its stake in shares of Parker-Hannifin Corporation by 4.1% in the second 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 period. People s United Financial Inc. increased its stake in shares of Parker-Hannifin Corporation by 0.5% in the second quarter. People s United Financial Inc. now owns 6,079 shares of the industrial products company’s stock worth $972,000 after purchasing an additional 31 shares during the period. Finally, Calamos Wealth Management LLC increased its stake in shares of Parker-Hannifin Corporation by 0.4% in the second quarter. Calamos Wealth Management LLC now owns 8,144 shares of the industrial products company’s stock worth $1,302,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 78.35% 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.

Insider Buying and Selling by Quarter for Parker-Hannifin Corporation (NYSE:PH)

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