Dynamic Technology Lab Private Ltd decreased its position in shares of Parker-Hannifin Corp (NYSE:PH) by 63.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,090 shares of the industrial products company’s stock after selling 8,698 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Parker-Hannifin were worth $793,000 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 stock. Tocqueville Asset Management L.P. lifted its holdings in shares of Parker-Hannifin by 3.9% in the second quarter. Tocqueville Asset Management L.P. now owns 38,850 shares of the industrial products company’s stock worth $6,055,000 after acquiring an additional 1,475 shares during the last quarter. AMP Capital Investors Ltd lifted its holdings in shares of Parker-Hannifin by 4.2% in the second quarter. AMP Capital Investors Ltd now owns 47,325 shares of the industrial products company’s stock worth $7,376,000 after acquiring an additional 1,911 shares during the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Parker-Hannifin by 20.6% in the second quarter. OppenheimerFunds Inc. now owns 362,215 shares of the industrial products company’s stock worth $56,451,000 after acquiring an additional 61,871 shares during the last quarter. Sustainable Insight Capital Management LLC lifted its holdings in shares of Parker-Hannifin by 11.4% in the second quarter. Sustainable Insight Capital Management LLC now owns 73,436 shares of the industrial products company’s stock worth $11,445,000 after acquiring an additional 7,536 shares during the last quarter. Finally, Baird Financial Group Inc. bought a new position in shares of Parker-Hannifin in the second quarter worth about $2,858,000. 80.62% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Parker-Hannifin from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. ValuEngine cut shares of Parker-Hannifin from a “hold” rating to a “sell” rating in a report on Friday, June 22nd. Wells Fargo & Co reissued a “market perform” rating on shares of Parker-Hannifin in a report on Thursday, June 28th. MED lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $169.00 price objective for the company. in a report on Thursday, July 12th. Finally, Barclays assumed coverage on shares of Parker-Hannifin in a report on Thursday, September 6th. They issued an “overweight” rating and a $200.00 price objective for the company. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $188.78.

Shares of NYSE PH opened at $180.20 on Wednesday. The company has a market capitalization of $23.52 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 1.39 and a beta of 1.44. Parker-Hannifin Corp has a 1 year low of $152.47 and a 1 year high of $212.80. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.59 and a quick ratio of 1.08.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.31. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.83 billion. Parker-Hannifin had a net margin of 7.42% and a return on equity of 24.77%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the business earned $2.45 EPS. analysts forecast that Parker-Hannifin Corp will post 11.37 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Tuesday, August 28th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Monday, August 27th. Parker-Hannifin’s dividend payout ratio is presently 29.17%.

In other Parker-Hannifin news, VP Joseph R. Leonti sold 1,605 shares of the stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $176.56, for a total transaction of $283,378.80. Following the completion of the sale, the vice president now owns 15,731 shares of the company’s stock, valued at approximately $2,777,465.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP William R. Bowman sold 2,400 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $175.36, for a total transaction of $420,864.00. Following the sale, the vice president now directly owns 1,325 shares of the company’s stock, valued at approximately $232,352. The disclosure for this sale can be found here. Corporate insiders own 1.12% of the company’s stock.

Parker-Hannifin Profile

Parker-Hannifin Corp. is a manufacturer of motion and control technologies and systems, providing engineered solutions for mobile, industrial and aerospace markets. It operates through the following segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment offers products to original equipment manufacturers.

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

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