Chase Investment Counsel Corp acquired a new position in Parker-Hannifin Corp (NYSE:PH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,363 shares of the industrial products company’s stock, valued at approximately $3,664,000. Parker-Hannifin comprises approximately 1.9% of Chase Investment Counsel Corp’s portfolio, making the stock its 24th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in PH. Emerald Advisers Inc. PA bought a new position in shares of Parker-Hannifin during the 3rd quarter valued at approximately $1,527,000. Cubist Systematic Strategies LLC increased its position in shares of Parker-Hannifin by 154.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 6,820 shares of the industrial products company’s stock valued at $1,194,000 after purchasing an additional 4,135 shares during the last quarter. IFM Investors Pty Ltd bought a new position in shares of Parker-Hannifin during the 3rd quarter valued at approximately $713,000. Private Advisor Group LLC increased its position in shares of Parker-Hannifin by 58.2% during the 3rd quarter. Private Advisor Group LLC now owns 5,554 shares of the industrial products company’s stock valued at $984,000 after purchasing an additional 2,043 shares during the last quarter. Finally, Koch Industries Inc. bought a new position in shares of Parker-Hannifin during the 2nd quarter valued at approximately $521,000. 78.39% of the stock is currently owned by institutional investors and hedge funds.

In other Parker-Hannifin news, VP Joseph R. Leonti sold 5,279 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $179.07, for a total value of $945,310.53. Following the completion of the sale, the vice president now directly owns 8,032 shares in the company, valued at approximately $1,438,290.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Linda S. Harty sold 3,491 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $183.30, for a total value of $639,900.30. Following the completion of the sale, the director now owns 9,727 shares of the company’s stock, valued at $1,782,959.10. The disclosure for this sale can be found here. Insiders sold a total of 16,669 shares of company stock worth $3,042,096 in the last ninety days. 1.12% of the stock is currently owned by corporate insiders.

PH has been the topic of several analyst reports. Credit Suisse Group boosted their target price on Parker-Hannifin from $205.00 to $206.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. BMO Capital Markets reissued a “buy” rating and set a $200.00 target price on shares of Parker-Hannifin in a research report on Friday, October 20th. Citigroup boosted their target price on Parker-Hannifin from $185.00 to $195.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Robert W. Baird reissued a “hold” rating and set a $183.00 target price on shares of Parker-Hannifin in a research report on Friday, October 13th. Finally, Zacks Investment Research raised Parker-Hannifin from a “hold” rating to a “buy” rating and set a $236.00 target price on the stock in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have assigned a buy rating to the company’s stock. Parker-Hannifin presently has a consensus rating of “Hold” and an average target price of $199.53.

Parker-Hannifin Corp (NYSE PH) opened at $186.92 on Wednesday. The company has a market capitalization of $24,900.00, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 1.65 and a beta of 1.31. 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 Corp has a 12-month low of $145.38 and a 12-month high of $212.80.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.08. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.33 billion. Parker-Hannifin had a return on equity of 23.15% and a net margin of 6.54%. Parker-Hannifin’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.91 EPS. equities research analysts expect that Parker-Hannifin Corp will post 9.94 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, February 8th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 41.06%.

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

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