WealthTrust Fairport LLC maintained its stake in Parker-Hannifin Corp (NYSE:PH) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,777 shares of the industrial products company’s stock at the end of the first quarter. WealthTrust Fairport LLC’s holdings in Parker-Hannifin Corp were worth $2,690,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. Great West Life Assurance Co. Can boosted its position in shares of Parker-Hannifin Corp by 2.6% in the third quarter. Great West Life Assurance Co. Can now owns 106,397 shares of the industrial products company’s stock valued at $13,343,000 after buying an additional 2,701 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Parker-Hannifin Corp by 2.8% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,734 shares of the industrial products company’s stock valued at $2,603,000 after buying an additional 558 shares during the period. Chicago Equity Partners LLC boosted its position in shares of Parker-Hannifin Corp by 317.3% in the third quarter. Chicago Equity Partners LLC now owns 10,600 shares of the industrial products company’s stock valued at $1,331,000 after buying an additional 8,060 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Parker-Hannifin Corp by 0.7% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 430,213 shares of the industrial products company’s stock valued at $54,005,000 after buying an additional 2,935 shares during the period. Finally, DnB Asset Management AS boosted its position in Parker-Hannifin Corp by 10.0% in the third quarter. DnB Asset Management AS now owns 14,365 shares of the industrial products company’s stock valued at $1,803,000 after buying an additional 1,300 shares during the last quarter. 82.72% of the stock is currently owned by institutional investors and hedge funds.
Parker-Hannifin Corp (NYSE:PH) traded up 3.81% during mid-day trading on Friday, reaching $158.09. 979,149 shares of the company were exchanged. The firm has a market capitalization of $21.05 billion, a P/E ratio of 23.03 and a beta of 1.28. The stock has a 50-day moving average of $158.65 and a 200 day moving average of $148.91. Parker-Hannifin Corp has a 1-year low of $99.10 and a 1-year high of $166.60.
Parker-Hannifin Corp (NYSE:PH) last announced its quarterly earnings results on Thursday, April 27th. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.86 by $0.25. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.03 billion. Parker-Hannifin Corp had a return on equity of 20.08% and a net margin of 7.86%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.51 earnings per share. Equities research analysts forecast that Parker-Hannifin Corp will post $7.92 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Wednesday, May 10th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Monday, May 8th. Parker-Hannifin Corp’s payout ratio is currently 40.80%.
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A number of brokerages have commented on PH. Credit Suisse Group AG set a $169.00 target price on shares of Parker-Hannifin Corp and gave the company a “buy” rating in a report on Saturday, February 4th. Barclays PLC set a $162.00 target price on shares of Parker-Hannifin Corp and gave the company a “hold” rating in a report on Sunday, April 30th. JPMorgan Chase & Co. set a $175.00 price target on shares of Parker-Hannifin Corp and gave the stock a “buy” rating in a research report on Thursday. BMO Capital Markets reiterated a “buy” rating and issued a $175.00 price target on shares of Parker-Hannifin Corp in a research report on Thursday, April 20th. Finally, Jefferies Group LLC reiterated a “sell” rating on shares of Parker-Hannifin Corp in a research report on Friday, April 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $160.00.
In other Parker-Hannifin Corp news, VP Yoon Michael Chung sold 657 shares of the stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $158.40, for a total value of $104,068.80. Following the completion of the transaction, the vice president now owns 23,338 shares in the company, valued at $3,696,739.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Thomas L. Williams sold 18,435 shares of the firm’s stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $160.00, for a total value of $2,949,600.00. Following the completion of the transaction, the chairman now owns 69,952 shares of the company’s stock, valued at approximately $11,192,320. The disclosure for this sale can be found here. Insiders sold 58,367 shares of company stock valued at $9,282,905 over the last three months. Corporate insiders own 2.73% of the company’s stock.
Parker-Hannifin Corp 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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