Cooke & Bieler LP reduced its position in Parker-Hannifin Corp. (NYSE:PH) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 914,604 shares of the company’s stock after selling 6,395 shares during the period. Parker-Hannifin Corp. makes up approximately 2.2% of Cooke & Bieler LP’s portfolio, making the stock its 12th largest position. Cooke & Bieler LP owned about 0.68% of Parker-Hannifin Corp. worth $98,823,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Beutel Goodman & Co Ltd. bought a new position in shares of Parker-Hannifin Corp. during the second quarter worth approximately $103,826,000. Bank of Montreal Can acquired a new position in Parker-Hannifin Corp. during the second quarter worth about $91,657,000. Anchor Bolt Capital LP acquired a new position in Parker-Hannifin Corp. during the first quarter worth about $88,431,000. American Century Companies Inc. increased its position in Parker-Hannifin Corp. by 25.6% in the second quarter. American Century Companies Inc. now owns 1,369,527 shares of the company’s stock worth $147,977,000 after buying an additional 279,278 shares in the last quarter. Finally, Smith Asset Management Group LP acquired a new position in Parker-Hannifin Corp. during the second quarter worth about $21,954,000. Institutional investors and hedge funds own 80.85% of the company’s stock.

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

Parker-Hannifin Corp. (NYSE:PH) traded down 0.12% on Monday, hitting $124.39. 739,680 shares of the company’s stock were exchanged. Parker-Hannifin Corp. has a 12-month low of $83.32 and a 12-month high of $128.24. The company’s 50-day moving average price is $123.42 and its 200-day moving average price is $116.19. The company has a market cap of $16.66 billion, a PE ratio of 21.12 and a beta of 1.49.

Parker-Hannifin Corp. (NYSE:PH) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.15. The firm earned $2.96 billion during the quarter, compared to analysts’ expectations of $2.93 billion. Parker-Hannifin Corp. had a net margin of 7.10% and a return on equity of 18.37%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.73 earnings per share. Analysts forecast that Parker-Hannifin Corp. will post $6.80 earnings per share for the current year.

A number of equities analysts have recently issued reports on PH shares. Wells Fargo & Co. upgraded shares of Parker-Hannifin Corp. from a “market perform” rating to an “outperform” rating in a research note on Thursday, June 30th. JPMorgan Chase & Co. downgraded shares of Parker-Hannifin Corp. from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $110.00 to $98.00 in a research note on Monday, June 27th. Jefferies Group reiterated a “hold” rating on shares of Parker-Hannifin Corp. in a research note on Monday, September 12th. Stifel Nicolaus upgraded shares of Parker-Hannifin Corp. from a “hold” rating to a “buy” rating and increased their price objective for the company from $131.00 to $141.00 in a research note on Wednesday, October 5th. Finally, Zacks Investment Research downgraded shares of Parker-Hannifin Corp. from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $117.88.

In other Parker-Hannifin Corp. news, VP Robert W. Bond sold 14,043 shares of the business’s stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $124.51, for a total transaction of $1,748,493.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Lee C. Banks sold 10,953 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $124.28, for a total transaction of $1,361,238.84. Following the transaction, the chief operating officer now owns 99,977 shares of the company’s stock, valued at approximately $12,425,141.56. The disclosure for this sale can be found here. 2.73% of the stock is currently owned by corporate insiders.

Parker-Hannifin Corp. Company 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.

5 Day Chart for NYSE:PH

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