Segall Bryant & Hamill LLC cut its holdings in Parker-Hannifin Corp (NYSE:PH) by 12.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,578 shares of the industrial products company’s stock after selling 4,618 shares during the period. Segall Bryant & Hamill LLC’s holdings in Parker-Hannifin were worth $4,710,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. Worldquant Millennium Quantitative Strategies LLC bought a new position in shares of Parker-Hannifin in the 4th quarter worth about $7,186,000. Municipal Employees Retirement System of Michigan bought a new stake in Parker-Hannifin in the 4th quarter valued at about $1,573,000. Q Global Advisors LLC bought a new stake in Parker-Hannifin in the 4th quarter valued at about $2,997,000. Metropolitan Life Insurance Co. NY increased its position in Parker-Hannifin by 0.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 20,488 shares of the industrial products company’s stock valued at $3,056,000 after buying an additional 126 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in Parker-Hannifin by 38.8% in the 4th quarter. Nuveen Asset Management LLC now owns 27,190 shares of the industrial products company’s stock valued at $4,055,000 after buying an additional 7,598 shares in the last quarter. 81.35% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Todd M. Leombruno sold 784 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $177.55, for a total value of $139,199.20. Following the transaction, the vice president now owns 2,913 shares in the company, valued at approximately $517,203.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Andrew M. Weeks sold 4,520 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $176.70, for a total value of $798,684.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,445 shares of company stock valued at $1,814,218 over the last three months. Corporate insiders own 1.12% of the company’s stock.

Shares of PH opened at $164.98 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.52 and a quick ratio of 1.01. The company has a market cap of $21.34 billion, a price-to-earnings ratio of 15.83, a P/E/G ratio of 1.53 and a beta of 1.47. Parker-Hannifin Corp has a 52 week low of $140.82 and a 52 week high of $193.19.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, January 31st. The industrial products company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.10. The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.45 billion. Parker-Hannifin had a return on equity of 25.82% and a net margin of 9.69%. During the same period in the previous year, the company posted $2.15 EPS. Analysts expect that Parker-Hannifin Corp will post 11.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 8th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Thursday, February 7th. Parker-Hannifin’s dividend payout ratio is currently 29.17%.

A number of analysts recently commented on the company. Barclays decreased their target price on Parker-Hannifin from $186.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, December 17th. Vertical Research lowered Parker-Hannifin from a “buy” rating to a “hold” rating and set a $175.00 target price for the company. in a research report on Friday, February 1st. Zacks Investment Research raised Parker-Hannifin from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Morgan Stanley set a $172.00 target price on Parker-Hannifin and gave the company a “hold” rating in a research report on Saturday, February 2nd. Finally, Robert W. Baird set a $170.00 target price on Parker-Hannifin and gave the company a “buy” rating in a research report on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $181.63.

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Parker-Hannifin Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.

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

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