Mckinley Capital Management LLC Delaware cut its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,618 shares of the industrial products company’s stock after selling 27 shares during the period. Mckinley Capital Management LLC Delaware’s holdings in Parker-Hannifin Corporation were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. boosted its position in shares of Parker-Hannifin Corporation by 2,619.0% in the 1st quarter. BlackRock Inc. now owns 8,166,311 shares of the industrial products company’s stock worth $1,309,223,000 after purchasing an additional 7,865,974 shares during the last quarter. FMR LLC grew its stake in shares of Parker-Hannifin Corporation by 1,163.3% during the first quarter. FMR LLC now owns 1,754,907 shares of the industrial products company’s stock worth $281,346,000 after purchasing an additional 1,615,987 shares during the period. Jennison Associates LLC grew its stake in shares of Parker-Hannifin Corporation by 28.5% during the second quarter. Jennison Associates LLC now owns 6,026,440 shares of the industrial products company’s stock worth $963,146,000 after purchasing an additional 1,336,541 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Parker-Hannifin Corporation by 277.9% during the second quarter. PNC Financial Services Group Inc. now owns 595,662 shares of the industrial products company’s stock worth $95,200,000 after purchasing an additional 438,035 shares during the period. Finally, Longview Partners Guernsey LTD grew its stake in shares of Parker-Hannifin Corporation by 7.6% during the second quarter. Longview Partners Guernsey LTD now owns 5,134,958 shares of the industrial products company’s stock worth $820,669,000 after purchasing an additional 362,076 shares during the period. Institutional investors own 79.71% of the company’s stock.

Shares of Parker-Hannifin Corporation (NYSE PH) opened at 175.02 on Monday. The firm has a 50 day moving average price of $161.62 and a 200 day moving average price of $160.00. Parker-Hannifin Corporation has a 1-year low of $118.77 and a 1-year high of $177.61. The firm has a market cap of $23.30 billion, a P/E ratio of 24.14 and a beta of 1.42.

Parker-Hannifin Corporation (NYSE:PH) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $2.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.31 by $0.14. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.52 billion. Parker-Hannifin Corporation had a return on equity of 22.90% and a net margin of 8.18%. During the same period last year, the business posted $1.90 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. Analysts anticipate that Parker-Hannifin Corporation will post $9.08 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Monday, August 28th were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Thursday, August 24th. Parker-Hannifin Corporation’s dividend payout ratio (DPR) is currently 36.51%.

A number of brokerages have issued reports on PH. Jefferies Group LLC set a $163.00 target price on Parker-Hannifin Corporation and gave the stock a “hold” rating in a report on Wednesday, June 28th. BidaskClub lowered Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $176.00 price target on shares of Parker-Hannifin Corporation in a research note on Thursday, July 6th. ValuEngine raised Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, Zacks Investment Research cut Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $174.88.

In other news, VP Joseph R. Leonti sold 408 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $160.70, for a total transaction of $65,565.60. Following the completion of the sale, the vice president now owns 7,318 shares in the company, valued at $1,176,002.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Martin C. Maxwell sold 2,640 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $165.67, for a total value of $437,368.80. Following the sale, the vice president now owns 31,718 shares of the company’s stock, valued at approximately $5,254,721.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,389 shares of company stock worth $878,913. 1.12% of the stock is owned by company insiders.

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About Parker-Hannifin Corporation

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.

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

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