Vantis Investment Advisers L.P. Invests $28,510,000 in Parker-Hannifin Corporation (PH)
Vantis Investment Advisers L.P. acquired a new stake in shares of Parker-Hannifin Corporation (NYSE:PH) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 200,000 shares of the company’s stock, valued at approximately $28,510,000. Parker-Hannifin Corporation makes up approximately 21.9% of Vantis Investment Advisers L.P.’s portfolio, making the stock its 2nd largest position. Vantis Investment Advisers L.P. owned approximately 0.15% of Parker-Hannifin Corporation at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quadrature Capital Ltd increased its position in shares of Parker-Hannifin Corporation by 202.4% in the second quarter. Quadrature Capital Ltd now owns 22,605 shares of the company’s stock valued at $2,442,000 after buying an additional 15,130 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of Parker-Hannifin Corporation by 801.3% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 224,509 shares of the company’s stock valued at $24,258,000 after buying an additional 199,600 shares in the last quarter. Twin Capital Management Inc. increased its position in shares of Parker-Hannifin Corporation by 114.8% in the second quarter. Twin Capital Management Inc. now owns 50,216 shares of the company’s stock valued at $5,425,000 after buying an additional 26,836 shares in the last quarter. Airain ltd purchased a new position in shares of Parker-Hannifin Corporation during the second quarter valued at approximately $1,761,000. Finally, Wade G W & Inc. purchased a new position in shares of Parker-Hannifin Corporation during the second quarter valued at approximately $216,000. Institutional investors and hedge funds own 82.72% of the company’s stock.
Shares of Parker-Hannifin Corporation (NYSE:PH) traded down 0.69% during mid-day trading on Thursday, reaching $154.41. 823,166 shares of the company’s stock were exchanged. Parker-Hannifin Corporation has a one year low of $98.46 and a one year high of $156.44. The company has a 50 day moving average price of $146.32 and a 200-day moving average price of $132.76. The stock has a market cap of $20.58 billion, a PE ratio of 23.82 and a beta of 1.28.
Parker-Hannifin Corporation (NYSE:PH) last announced its quarterly earnings results on Thursday, February 2nd. The company reported $1.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.52. Parker-Hannifin Corporation had a net margin of 7.86% and a return on equity of 20.08%. The firm earned $2.67 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period last year, the firm earned $1.52 EPS. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, analysts predict that Parker-Hannifin Corporation will post $7.33 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 3rd. Shareholders of record on Friday, February 10th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.71%. This is an increase from Parker-Hannifin Corporation’s previous quarterly dividend of $0.63. The ex-dividend date is Wednesday, February 8th. Parker-Hannifin Corporation’s dividend payout ratio (DPR) is presently 40.80%.
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PH has been the subject of several research analyst reports. Bank of America Corporation upgraded shares of Parker-Hannifin Corporation from a “neutral” rating to a “buy” rating and upped their price target for the stock from $157.00 to $180.00 in a report on Wednesday. Credit Suisse Group set a $169.00 price target on shares of Parker-Hannifin Corporation and gave the stock a “buy” rating in a report on Saturday, February 4th. Zacks Investment Research upgraded shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating and set a $168.00 price target for the company in a report on Monday, February 6th. Avondale Partners upgraded shares of Parker-Hannifin Corporation from a “market perform” rating to a “market outperform” rating in a report on Wednesday, February 1st. Finally, Argus upgraded shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating and set a $176.00 price target for the company in a report on Tuesday, February 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $145.56.
In other news, Director Wolfgang R. Schmitt sold 6,335 shares of Parker-Hannifin Corporation stock in a transaction on Monday, December 12th. The shares were sold at an average price of $141.19, for a total transaction of $894,438.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John G. Dedinsky, Jr. sold 1,472 shares of Parker-Hannifin Corporation stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $143.63, for a total transaction of $211,423.36. Following the sale, the vice president now directly owns 28,481 shares of the company’s stock, valued at $4,090,726.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,899 shares of company stock valued at $2,254,956. Insiders own 2.73% of the company’s stock.
Parker-Hannifin Corporation 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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