Tower Research Capital LLC TRC grew its position in shares of Parker-Hannifin Corp (NYSE:PH) by 599.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,412 shares of the industrial products company’s stock after purchasing an additional 8,923 shares during the period. Tower Research Capital LLC TRC’s holdings in Parker-Hannifin were worth $1,623,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aristotle Atlantic Partners LLC lifted its holdings in shares of Parker-Hannifin by 1,395.5% during the 2nd quarter. Aristotle Atlantic Partners LLC now owns 35,024 shares of the industrial products company’s stock worth $5,457,000 after acquiring an additional 32,682 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Parker-Hannifin by 48.3% during the 2nd quarter. Signaturefd LLC now owns 1,108 shares of the industrial products company’s stock worth $173,000 after acquiring an additional 361 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Parker-Hannifin by 5.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 41,027 shares of the industrial products company’s stock worth $6,394,000 after acquiring an additional 2,211 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Parker-Hannifin during the 2nd quarter worth $202,000. Finally, Natixis bought a new stake in shares of Parker-Hannifin during the 2nd quarter worth $16,100,000. Hedge funds and other institutional investors own 80.62% of the company’s stock.

In related news, VP Joseph R. Leonti sold 1,605 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $176.56, for a total transaction of $283,378.80. Following the transaction, the vice president now owns 15,731 shares in the company, valued at $2,777,465.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP William R. Bowman sold 2,400 shares of the business’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $175.36, for a total transaction of $420,864.00. Following the transaction, the vice president now owns 1,325 shares in the company, valued at approximately $232,352. The disclosure for this sale can be found here. 1.12% of the stock is owned by insiders.

Shares of NYSE:PH opened at $187.15 on Friday. The stock has a market cap of $24.27 billion, a PE ratio of 17.61, a PEG ratio of 1.43 and a beta of 1.44. The company has a quick ratio of 1.08, a current ratio of 1.59 and a debt-to-equity ratio of 0.74. Parker-Hannifin Corp has a 12 month low of $152.47 and a 12 month high of $212.80.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Tuesday, August 28th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, August 27th. Parker-Hannifin’s dividend payout ratio (DPR) is 29.17%.

Several analysts have weighed in on the stock. Buckingham Research raised shares of Parker-Hannifin from a “neutral” rating to a “buy” rating in a research note on Friday. Barclays assumed coverage on shares of Parker-Hannifin in a research note on Thursday, September 6th. They issued an “overweight” rating and a $200.00 price target for the company. Zacks Investment Research raised shares of Parker-Hannifin from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. ValuEngine raised shares of Parker-Hannifin from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Parker-Hannifin in a research note on Tuesday, May 29th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $188.78.

About Parker-Hannifin

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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