Parker-Hannifin Corporation (PH) Holdings Boosted by Robecosam AG
Robecosam AG grew its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 30.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,989 shares of the industrial products company’s stock after buying an additional 28,355 shares during the period. Parker-Hannifin Corporation makes up 1.6% of Robecosam AG’s portfolio, making the stock its 12th biggest position. Robecosam AG owned approximately 0.09% of Parker-Hannifin Corporation worth $21,096,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of PH. Israel Discount Bank of New York raised its position in shares of Parker-Hannifin Corporation by 31.6% during the second quarter. Israel Discount Bank of New York now owns 625 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 150 shares during the period. Parallel Advisors LLC raised its position in shares of Parker-Hannifin Corporation by 4.1% during the second quarter. Parallel Advisors LLC now owns 612 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 24 shares during the period. IHT Wealth Management LLC raised its position in Parker-Hannifin Corporation by 20.8% in the 2nd quarter. IHT Wealth Management LLC now owns 116 shares of the industrial products company’s stock valued at $119,000 after buying an additional 20 shares during the last quarter. BT Investment Management Ltd acquired a new stake in Parker-Hannifin Corporation in the 2nd quarter valued at approximately $124,000. Finally, Sun Life Financial INC raised its position in Parker-Hannifin Corporation by 8,108.3% in the 2nd quarter. Sun Life Financial INC now owns 985 shares of the industrial products company’s stock valued at $157,000 after buying an additional 973 shares during the last quarter. Hedge funds and other institutional investors own 78.35% of the company’s stock.
PH has been the topic of a number of recent research reports. Cowen Inc reissued a “hold” rating and issued a $140.00 target price on shares of Parker-Hannifin Corporation in a research report on Friday, October 6th. Zacks Investment Research raised Parker-Hannifin Corporation from a “hold” rating to a “buy” rating and set a $208.00 target price on the stock in a research report on Tuesday, November 7th. Robert W. Baird lifted their target price on Parker-Hannifin Corporation from $183.00 to $194.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. BMO Capital Markets lifted their target price on Parker-Hannifin Corporation from $200.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, November 6th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $165.00 target price (up previously from $163.00) on shares of Parker-Hannifin Corporation in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. Parker-Hannifin Corporation has a consensus rating of “Buy” and a consensus target price of $188.95.
Parker-Hannifin Corporation (PH) traded down $1.43 during trading hours on Friday, hitting $183.18. The company’s stock had a trading volume of 106,908 shares, compared to its average volume of 1,006,593. The firm has a market cap of $24,594.87, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 1.66 and a beta of 1.40. Parker-Hannifin Corporation has a 52-week low of $134.03 and a 52-week high of $189.83. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.44 and a quick ratio of 0.95.
Parker-Hannifin Corporation (NYSE:PH) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $2.24 earnings per share for the quarter, topping the Thomson Reuters’ 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 Corporation had a return on equity of 23.61% and a net margin of 8.37%. The business’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.61 EPS. equities research analysts forecast that Parker-Hannifin Corporation will post 9.57 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Thursday, November 9th. Parker-Hannifin Corporation’s dividend payout ratio (DPR) is 33.93%.
In other Parker-Hannifin Corporation news, Director Linda S. Harty sold 3,491 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $183.30, for a total transaction of $639,900.30. Following the transaction, the director now owns 9,727 shares of the company’s stock, valued at approximately $1,782,959.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas C. Gentile sold 326 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $181.89, for a total value of $59,296.14. The disclosure for this sale can be found here. Insiders have sold a total of 25,828 shares of company stock worth $4,611,814 in the last ninety days. Insiders own 1.12% of the company’s stock.
Parker-Hannifin Corporation 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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