State of Alaska Department of Revenue decreased its holdings in shares of Parker-Hannifin Corp (NYSE:PH) by 3.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,516 shares of the industrial products company’s stock after selling 567 shares during the quarter. State of Alaska Department of Revenue’s holdings in Parker-Hannifin were worth $3,176,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc grew its holdings in Parker-Hannifin by 1.1% during the third quarter. Vanguard Group Inc now owns 9,326,646 shares of the industrial products company’s stock valued at $1,715,450,000 after purchasing an additional 99,942 shares during the period. BlackRock Inc. grew its holdings in Parker-Hannifin by 3.7% during the fourth quarter. BlackRock Inc. now owns 8,457,062 shares of the industrial products company’s stock valued at $1,261,286,000 after purchasing an additional 299,331 shares during the period. Longview Partners Guernsey LTD grew its holdings in Parker-Hannifin by 41.6% during the fourth quarter. Longview Partners Guernsey LTD now owns 5,626,117 shares of the industrial products company’s stock valued at $839,079,000 after purchasing an additional 1,653,011 shares during the period. JPMorgan Chase & Co. grew its holdings in Parker-Hannifin by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 2,942,573 shares of the industrial products company’s stock valued at $541,228,000 after purchasing an additional 258,502 shares during the period. Finally, Norges Bank acquired a new position in Parker-Hannifin during the fourth quarter valued at approximately $357,950,000. Institutional investors own 81.37% of the company’s stock.

In other Parker-Hannifin news, VP Todd M. Leombruno sold 784 shares of the company’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $177.55, for a total value of $139,199.20. Following the transaction, the vice president now directly owns 2,913 shares in the company, valued at $517,203.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Roger S. Sherrard sold 2,040 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $171.80, for a total transaction of $350,472.00. Following the completion of the transaction, the vice president now owns 62,620 shares in the company, valued at $10,758,116. The disclosure for this sale can be found here. In the last three months, insiders sold 10,445 shares of company stock worth $1,814,218. 1.12% of the stock is currently owned by insiders.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Parker-Hannifin from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Barclays lifted their price target on shares of Parker-Hannifin from $178.00 to $186.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Vertical Research lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $175.00 price target on the stock. in a research note on Friday, February 1st. Robert W. Baird set a $180.00 price target on shares of Parker-Hannifin and gave the company a “buy” rating in a research note on Saturday, February 2nd. Finally, Stifel Nicolaus lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and cut their price target for the company from $181.00 to $171.00 in a research note on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $181.39.

Shares of PH opened at $188.64 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.01 and a current ratio of 1.52. Parker-Hannifin Corp has a twelve month low of $140.82 and a twelve month high of $193.19. The company has a market capitalization of $24.05 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 1.75 and a beta of 1.46.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, January 31st. The industrial products company reported $2.51 EPS for the quarter, topping the Zacks’ consensus estimate of $2.41 by $0.10. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.45 billion. Parker-Hannifin had a net margin of 9.69% and a return on equity of 25.82%. During the same quarter in the previous year, the firm posted $2.15 earnings per share. Analysts anticipate that Parker-Hannifin Corp will post 11.65 earnings per share for the current year.

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Parker-Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.

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

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