Parker-Hannifin Corp (PH) Shares Bought by Barings LLC

Barings LLC raised its stake in Parker-Hannifin Corp (NYSE:PH) by 13.3% during the fourth quarter, Holdings Channel reports. The firm owned 41,001 shares of the industrial products company’s stock after purchasing an additional 4,823 shares during the period. Barings LLC’s holdings in Parker-Hannifin were worth $8,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PH. Penserra Capital Management LLC lifted its holdings in shares of Parker-Hannifin by 13.5% during the 3rd quarter. Penserra Capital Management LLC now owns 2,360 shares of the industrial products company’s stock valued at $415,000 after acquiring an additional 280 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in shares of Parker-Hannifin by 5.5% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 5,407 shares of the industrial products company’s stock valued at $946,000 after acquiring an additional 280 shares in the last quarter. Bank of Stockton lifted its holdings in shares of Parker-Hannifin by 3.3% during the 3rd quarter. Bank of Stockton now owns 8,763 shares of the industrial products company’s stock valued at $1,533,000 after acquiring an additional 281 shares in the last quarter. Sentry Investment Management LLC lifted its holdings in shares of Parker-Hannifin by 0.8% during the 4th quarter. Sentry Investment Management LLC now owns 34,739 shares of the industrial products company’s stock valued at $6,933,000 after acquiring an additional 282 shares in the last quarter. Finally, Nippon Life Insurance Co. lifted its holdings in shares of Parker-Hannifin by 2.7% during the 3rd quarter. Nippon Life Insurance Co. now owns 11,068 shares of the industrial products company’s stock valued at $1,937,000 after acquiring an additional 293 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

Shares of Parker-Hannifin Corp (PH) opened at $183.89 on Thursday. The firm has a market cap of $23,926.11, a PE ratio of 20.09, a PEG ratio of 1.55 and a beta of 1.31. Parker-Hannifin Corp has a 1 year low of $151.17 and a 1 year high of $212.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.49 and a quick ratio of 0.99.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, February 1st. The industrial products company reported $2.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.08. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.33 billion. Parker-Hannifin had a net margin of 6.54% and a return on equity of 23.15%. The company’s revenue was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.91 EPS. equities research analysts forecast that Parker-Hannifin Corp will post 9.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, February 8th. Parker-Hannifin’s payout ratio is currently 41.19%.

In other news, VP Andrew D. Ross sold 2,056 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $192.14, for a total value of $395,039.84. Following the completion of the sale, the vice president now owns 5,207 shares of the company’s stock, valued at approximately $1,000,472.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Linda S. Harty sold 3,491 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $183.30, for a total transaction of $639,900.30. Following the completion of the sale, the director now directly owns 9,727 shares of the company’s stock, valued at approximately $1,782,959.10. The disclosure for this sale can be found here. Insiders sold a total of 11,064 shares of company stock valued at $2,037,489 in the last three months. Insiders own 1.12% of the company’s stock.

Several equities analysts recently weighed in on PH shares. Zacks Investment Research upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating and set a $208.00 target price on the stock in a report on Tuesday, November 7th. BMO Capital Markets lifted their price target on shares of Parker-Hannifin from $200.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, November 6th. Robert W. Baird lifted their price target on shares of Parker-Hannifin from $183.00 to $194.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Cowen reaffirmed a “hold” rating and set a $155.00 price target on shares of Parker-Hannifin in a research note on Sunday, October 29th. Finally, Wells Fargo & Co lifted their price target on shares of Parker-Hannifin from $205.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $200.83.

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About Parker-Hannifin

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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