Janus Henderson Group PLC Has $53.54 Million Position in Parker-Hannifin Corp (PH)
Janus Henderson Group PLC decreased its position in Parker-Hannifin Corp (NYSE:PH) by 32.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 305,923 shares of the industrial products company’s stock after selling 147,662 shares during the quarter. Janus Henderson Group PLC owned about 0.23% of Parker-Hannifin worth $53,542,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the stock. Voya Investment Management LLC grew its holdings in Parker-Hannifin by 1,175.0% in the 2nd quarter. Voya Investment Management LLC now owns 1,348,381 shares of the industrial products company’s stock valued at $215,499,000 after buying an additional 1,242,624 shares during the period. Koch Industries Inc. purchased a new stake in Parker-Hannifin in the 2nd quarter valued at about $521,000. PNC Financial Services Group Inc. grew its holdings in Parker-Hannifin by 277.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 595,662 shares of the industrial products company’s stock valued at $95,200,000 after buying an additional 438,035 shares during the period. American Century Companies Inc. grew its holdings in Parker-Hannifin by 25.8% in the 2nd quarter. American Century Companies Inc. now owns 1,754,509 shares of the industrial products company’s stock valued at $280,406,000 after buying an additional 359,937 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Parker-Hannifin by 45.6% in the 2nd quarter. Principal Financial Group Inc. now owns 1,110,445 shares of the industrial products company’s stock valued at $177,466,000 after buying an additional 347,963 shares during the period. 78.24% of the stock is owned by hedge funds and other institutional investors.
In other Parker-Hannifin news, VP Joseph R. Leonti sold 5,279 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 8,032 shares of the company’s stock, valued at approximately $1,438,290.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Andrew D. Ross sold 2,056 shares of the company’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 5,207 shares in the company, valued at $1,000,472.98. The disclosure for this sale can be found here. Insiders have sold a total of 22,495 shares of company stock worth $4,127,941 over the last three months. 1.12% of the stock is currently owned by corporate insiders.
A number of brokerages have recently issued reports on PH. Citigroup boosted their target price on Parker-Hannifin from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Cowen reiterated a “hold” rating and set a $155.00 target price on shares of Parker-Hannifin in a report on Sunday, October 29th. ValuEngine cut Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Robert W. Baird set a $163.00 target price on Parker-Hannifin and gave the stock a “hold” rating in a report on Thursday, August 24th. Finally, Wells Fargo & Company boosted their target price on Parker-Hannifin from $181.50 to $196.00 and gave the stock a “market perform” rating in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the stock. Parker-Hannifin presently has a consensus rating of “Buy” and a consensus price target of $188.95.
Parker-Hannifin Corp (PH) opened at $194.26 on Monday. The company has a market capitalization of $25,880.48, a P/E ratio of 22.30, a P/E/G ratio of 1.75 and a beta of 1.40. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.87. Parker-Hannifin Corp has a 52-week low of $139.49 and a 52-week high of $195.82.
Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.02 by $0.22. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.31 billion. Parker-Hannifin had a return on equity of 23.61% and a net margin of 8.37%. Parker-Hannifin’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 EPS. analysts predict that Parker-Hannifin Corp will post 9.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, November 9th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 33.93%.
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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