Strategic Global Advisors LLC trimmed its holdings in Parker-Hannifin Corp (NYSE:PH) by 23.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,337 shares of the industrial products company’s stock after selling 1,636 shares during the period. Strategic Global Advisors LLC’s holdings in Parker-Hannifin were worth $934,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in PH. IBM Retirement Fund lifted its holdings in shares of Parker-Hannifin by 117.6% during the 2nd quarter. IBM Retirement Fund now owns 3,232 shares of the industrial products company’s stock worth $577,000 after acquiring an additional 1,747 shares during the last quarter. Harbour Capital Advisors LLC lifted its holdings in shares of Parker-Hannifin by 10,653.6% during the 2nd quarter. Harbour Capital Advisors LLC now owns 75,275 shares of the industrial products company’s stock worth $471,000 after acquiring an additional 74,575 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Parker-Hannifin by 84.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,595 shares of the industrial products company’s stock worth $1,853,000 after acquiring an additional 5,307 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Parker-Hannifin by 18.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 119,813 shares of the industrial products company’s stock worth $19,130,000 after acquiring an additional 18,973 shares during the last quarter. Finally, Warren Averett Asset Management LLC lifted its holdings in shares of Parker-Hannifin by 1.7% during the 2nd quarter. Warren Averett Asset Management LLC now owns 2,398 shares of the industrial products company’s stock worth $383,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 78.26% of the company’s stock.

In other Parker-Hannifin news, VP Joseph R. Leonti sold 408 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $160.70, for a total value of $65,565.60. Following the transaction, the vice president now owns 7,318 shares in the company, valued at $1,176,002.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas C. Gentile sold 326 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $181.89, for a total transaction of $59,296.14. The disclosure for this sale can be found here. Insiders sold 24,728 shares of company stock worth $4,436,207 in the last 90 days. Corporate insiders own 1.12% of the company’s stock.

PH has been the subject of a number of research analyst reports. Credit Suisse Group lifted their price objective on shares of Parker-Hannifin from $205.00 to $206.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $210.00 price objective on shares of Parker-Hannifin in a report on Friday, November 3rd. ValuEngine raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Deutsche Bank lifted their price objective on shares of Parker-Hannifin to $200.00 and gave the stock a “buy” rating in a report on Monday, November 20th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $200.00 price objective on shares of Parker-Hannifin in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $188.95.

Shares of Parker-Hannifin Corp (NYSE:PH) traded down $0.44 during trading hours on Friday, reaching $187.05. 718,918 shares of the company were exchanged, compared to its average volume of 995,038. The stock has a market cap of $24,744.08, a PE ratio of 21.32, a PEG ratio of 1.67 and a beta of 1.40. Parker-Hannifin Corp has a one year low of $139.49 and a one year high of $189.83. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.95 and a current ratio of 1.44.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.22. Parker-Hannifin had a net margin of 8.37% and a return on equity of 23.61%. The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter last year, the company earned $1.61 EPS. The firm’s revenue was up 22.7% compared to the same quarter last year. equities research analysts predict that Parker-Hannifin Corp will post 9.56 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Thursday, November 9th. Parker-Hannifin’s payout ratio is 33.93%.

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Parker-Hannifin 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 (NYSE:PH)

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