AMP Capital Investors Ltd cut its position in Parker-Hannifin Corp (NYSE:PH) by 26.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,807 shares of the industrial products company’s stock after selling 14,234 shares during the period. AMP Capital Investors Ltd’s holdings in Parker-Hannifin were worth $6,968,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. raised its holdings in Parker-Hannifin 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 raised its holdings in Parker-Hannifin 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 raised its holdings in Parker-Hannifin 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. raised its holdings in Parker-Hannifin 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 raised its holdings in Parker-Hannifin 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 own 78.24% of the company’s stock.

In other news, COO Lee C. Banks sold 5,286 shares of Parker-Hannifin 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 completion of the transaction, the chief operating officer now owns 112,808 shares of the company’s stock, valued at approximately $21,025,155.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Andrew D. Ross sold 2,056 shares of Parker-Hannifin stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $192.14, for a total transaction of $395,039.84. Following the completion of the transaction, the vice president now directly owns 5,207 shares of the company’s stock, valued at approximately $1,000,472.98. The disclosure for this sale can be found here. Insiders sold a total of 22,495 shares of company stock worth $4,127,941 over the last quarter. Company insiders own 1.12% of the company’s stock.

PH has been the topic of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $198.00 target price on shares of Parker-Hannifin in a report on Friday, October 13th. Buckingham Research initiated coverage on shares of Parker-Hannifin in a report on Tuesday, October 17th. They issued a “buy” rating and a $205.00 target price on the stock. KeyCorp reiterated a “buy” rating and issued a $200.00 target price on shares of Parker-Hannifin in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating and set a $198.00 target price on the stock in a report on Tuesday, October 10th. Finally, ValuEngine upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. Parker-Hannifin presently has an average rating of “Buy” and a consensus target price of $188.95.

Shares of Parker-Hannifin Corp (NYSE PH) traded up $2.85 during mid-day trading on Thursday, reaching $194.71. 959,000 shares of the company’s stock traded hands, compared to its average volume of 990,834. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.87. Parker-Hannifin Corp has a 12-month low of $139.49 and a 12-month high of $195.30. The firm has a market cap of $25,940.00, a price-to-earnings ratio of 22.03, a P/E/G ratio of 1.72 and a beta of 1.40.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were paid a $0.66 dividend. The ex-dividend date was Thursday, November 9th. This represents a $2.64 annualized dividend and a yield of 1.36%. Parker-Hannifin’s payout ratio is currently 33.89%.

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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.

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

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