Nomura Holdings Inc. grew its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 186.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,140 shares of the industrial products company’s stock after purchasing an additional 6,603 shares during the period. Nomura Holdings Inc.’s holdings in Parker-Hannifin Corporation were worth $1,619,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PH. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Parker-Hannifin Corporation by 1.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,306 shares of the industrial products company’s stock valued at $209,000 after acquiring an additional 15 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of 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 acquiring an additional 20 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Parker-Hannifin Corporation by 4.1% in the 2nd quarter. Parallel Advisors LLC now owns 612 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 24 shares during the last quarter. People s United Financial Inc. lifted its stake in shares of Parker-Hannifin Corporation by 0.5% in the 2nd quarter. People s United Financial Inc. now owns 6,079 shares of the industrial products company’s stock valued at $972,000 after acquiring an additional 31 shares during the last quarter. Finally, Calamos Wealth Management LLC lifted its stake in shares of Parker-Hannifin Corporation by 0.4% in the 2nd quarter. Calamos Wealth Management LLC now owns 8,144 shares of the industrial products company’s stock valued at $1,302,000 after acquiring an additional 34 shares during the last quarter. 79.67% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on PH. Wolfe Research began coverage on Parker-Hannifin Corporation in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $182.00 target price for the company. Morgan Stanley lowered Parker-Hannifin Corporation from an “overweight” rating to an “equal weight” rating and set a $188.00 target price for the company. in a research note on Monday, October 2nd. KeyCorp reissued an “overweight” rating and issued a $185.00 target price on shares of Parker-Hannifin Corporation in a research note on Saturday, September 16th. Zacks Investment Research raised Parker-Hannifin Corporation from a “hold” rating to a “buy” rating and set a $198.00 target price for the company in a research note on Tuesday, October 10th. Finally, BidaskClub raised Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $179.56.

Parker-Hannifin Corporation (PH) opened at 180.89 on Monday. The firm’s 50 day moving average price is $170.98 and its 200-day moving average price is $162.51. Parker-Hannifin Corporation has a 12-month low of $118.77 and a 12-month high of $181.94. The stock has a market cap of $24.08 billion, a P/E ratio of 24.95 and a beta of 1.42.

Parker-Hannifin Corporation (NYSE:PH) last released its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.14. Parker-Hannifin Corporation had a net margin of 8.18% and a return on equity of 22.90%. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same period in the previous year, the company earned $1.90 earnings per share. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. Equities research analysts anticipate that Parker-Hannifin Corporation will post $9.11 earnings per share for the current fiscal year.

In other news, Director Joseph Scaminace sold 500 shares of Parker-Hannifin Corporation stock in a transaction on Monday, August 28th. The shares were sold at an average price of $158.35, for a total transaction of $79,175.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Martin C. Maxwell sold 2,640 shares of Parker-Hannifin Corporation stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $165.67, for a total transaction of $437,368.80. Following the sale, the vice president now owns 31,718 shares of the company’s stock, valued at $5,254,721.06. The disclosure for this sale can be found here. Insiders sold 5,389 shares of company stock worth $878,913 over the last ninety days. Corporate insiders own 1.12% of the company’s stock.

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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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