Traders sold shares of Parker-Hannifin Corporation (NYSE:PH) on strength during trading hours on Monday. $17.73 million flowed into the stock on the tick-up and $41.11 million flowed out of the stock on the tick-down, for a money net flow of $23.38 million out of the stock. Of all companies tracked, Parker-Hannifin Corporation had the 0th highest net out-flow for the day. Parker-Hannifin Corporation traded up $1.24 for the day and closed at $158.26

PH has been the topic of a number of research analyst reports. Jefferies Group LLC set a $163.00 target price on Parker-Hannifin Corporation and gave the company a “hold” rating in a research report on Wednesday, June 28th. Credit Suisse Group set a $189.00 price objective on Parker-Hannifin Corporation and gave the stock a “buy” rating in a research report on Sunday, April 30th. BidaskClub lowered Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Stifel Nicolaus reaffirmed a “buy” rating and set a $176.00 price objective on shares of Parker-Hannifin Corporation in a research report on Thursday, July 6th. Finally, J P Morgan Chase & Co set a $175.00 price objective on Parker-Hannifin Corporation and gave the stock a “buy” rating in a research report on Thursday, May 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. Parker-Hannifin Corporation presently has a consensus rating of “Buy” and a consensus price target of $168.69.

The firm has a 50 day moving average of $162.43 and a 200 day moving average of $158.35. The firm has a market capitalization of $21.15 billion, a price-to-earnings ratio of 21.89 and a beta of 1.40.

Parker-Hannifin Corporation (NYSE:PH) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the prior year, the firm earned $1.90 EPS. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. Analysts expect that Parker-Hannifin Corporation will post $9.06 EPS for the current fiscal year.

In other Parker-Hannifin Corporation news, VP John G. Dedinsky, Jr. sold 2,530 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $160.98, for a total transaction of $407,279.40. Following the completion of the transaction, the vice president now directly owns 21,753 shares of the company’s stock, valued at approximately $3,501,797.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Martin C. Maxwell sold 2,850 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $160.08, for a total transaction of $456,228.00. Following the transaction, the vice president now directly owns 21,968 shares of the company’s stock, valued at $3,516,637.44. The disclosure for this sale can be found here. 2.73% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Parker-Hannifin Corporation by 1.0% in the second quarter. Vanguard Group Inc. now owns 8,746,514 shares of the industrial products company’s stock worth $1,397,867,000 after buying an additional 90,732 shares in the last quarter. BlackRock Inc. raised its stake in shares of Parker-Hannifin Corporation by 3.6% in the second quarter. BlackRock Inc. now owns 8,464,358 shares of the industrial products company’s stock worth $1,352,775,000 after buying an additional 298,047 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Parker-Hannifin Corporation by 28.5% in the second quarter. Jennison Associates LLC now owns 6,026,440 shares of the industrial products company’s stock worth $963,146,000 after buying an additional 1,336,541 shares in the last quarter. Longview Partners Guernsey LTD raised its stake in shares of Parker-Hannifin Corporation by 7.6% in the second quarter. Longview Partners Guernsey LTD now owns 5,134,958 shares of the industrial products company’s stock worth $820,669,000 after buying an additional 362,076 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Parker-Hannifin Corporation by 10.2% in the second quarter. TIAA CREF Investment Management LLC now owns 2,104,347 shares of the industrial products company’s stock worth $336,317,000 after buying an additional 194,858 shares in the last quarter. 80.66% of the stock is owned by hedge funds and other institutional investors.

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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.

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