Tokio Marine Asset Management Co. Ltd. Buys 154 Shares of Parker-Hannifin Corporation (NYSE:PH)

Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,900 shares of the industrial products company’s stock after purchasing an additional 154 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Parker-Hannifin were worth $2,371,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new position in Parker-Hannifin during the fourth quarter worth $32,000. Olde Wealth Management LLC acquired a new stake in shares of Parker-Hannifin during the first quarter worth $35,000. Chilton Capital Management LLC lifted its holdings in shares of Parker-Hannifin by 1,500.0% during the first quarter. Chilton Capital Management LLC now owns 64 shares of the industrial products company’s stock worth $39,000 after buying an additional 60 shares in the last quarter. Accent Capital Management LLC acquired a new stake in shares of Parker-Hannifin during the first quarter worth $41,000. Finally, Sierra Ocean LLC lifted its holdings in shares of Parker-Hannifin by 89.5% during the first quarter. Sierra Ocean LLC now owns 72 shares of the industrial products company’s stock worth $44,000 after buying an additional 34 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Robert W. Malone sold 2,257 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $730.66, for a total value of $1,649,099.62. Following the completion of the transaction, the vice president owned 5,866 shares of the company’s stock, valued at $4,286,051.56. This represents a 27.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Matthew A. Jacobson sold 575 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $733.06, for a total value of $421,509.50. Following the completion of the transaction, the vice president directly owned 1,000 shares of the company’s stock, valued at $733,060. This represents a 36.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,414 shares of company stock valued at $6,883,931. Corporate insiders own 0.39% of the company’s stock.

Parker-Hannifin Stock Up 1.4%

Shares of NYSE PH opened at $762.20 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The company has a market cap of $97.39 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 3.12 and a beta of 1.37. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $763.99. The stock has a 50-day moving average price of $702.68 and a two-hundred day moving average price of $657.94.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, topping the consensus estimate of $7.08 by $0.61. The firm had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.77 earnings per share. As a group, analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PH shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Parker-Hannifin in a report on Friday, August 8th. Barclays lifted their target price on Parker-Hannifin from $750.00 to $776.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Morgan Stanley lifted their target price on Parker-Hannifin from $700.00 to $725.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 9th. Mizuho set a $785.00 target price on Parker-Hannifin in a report on Friday, May 16th. Finally, Raymond James Financial set a $845.00 target price on Parker-Hannifin and gave the stock an “outperform” rating in a report on Friday, August 8th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $763.00.

Parker-Hannifin Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.