Parker-Hannifin Corporation (NYSE:PH) Director Joseph Scaminace sold 500 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $158.35, for a total value of $79,175.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Parker-Hannifin Corporation (PH) opened at 160.89 on Friday. The stock has a market cap of $21.42 billion, a PE ratio of 22.19 and a beta of 1.40. The company’s 50-day moving average price is $161.53 and its 200-day moving average price is $159.02. Parker-Hannifin Corporation has a 52-week low of $118.77 and a 52-week high of $167.50.

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 the Thomson Reuters’ consensus estimate of $2.31 by $0.14. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.52 billion. Parker-Hannifin Corporation had a return on equity of 22.90% and a net margin of 8.18%. The company’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.90 earnings per share. Analysts expect that Parker-Hannifin Corporation will post $9.08 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 28th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $2.64 annualized dividend and a dividend yield of 1.64%. Parker-Hannifin Corporation’s dividend payout ratio (DPR) is 36.51%.

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A number of research firms have commented on PH. J P Morgan Chase & Co set a $175.00 target price on Parker-Hannifin Corporation and gave the company a “buy” rating in a report on Thursday, May 18th. BidaskClub downgraded Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Jefferies Group LLC set a $163.00 target price on Parker-Hannifin Corporation and gave the company a “hold” rating in a report on Wednesday, June 28th. Stifel Nicolaus set a $198.00 target price on Parker-Hannifin Corporation and gave the company a “buy” rating in a report on Friday, August 4th. Finally, ValuEngine raised Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $172.06.

Several hedge funds have recently made changes to their positions in the stock. USA Financial Portformulas Corp raised its stake in shares of Parker-Hannifin Corporation by 19.2% in the second quarter. USA Financial Portformulas Corp now owns 21,544 shares of the industrial products company’s stock worth $3,443,000 after buying an additional 3,476 shares during the period. Sentry Investment Management LLC raised its stake in shares of Parker-Hannifin Corporation by 1.9% in the second quarter. Sentry Investment Management LLC now owns 34,457 shares of the industrial products company’s stock worth $5,507,000 after buying an additional 658 shares during the period. Toronto Dominion Bank raised its stake in shares of Parker-Hannifin Corporation by 22.1% in the second quarter. Toronto Dominion Bank now owns 50,534 shares of the industrial products company’s stock worth $8,077,000 after buying an additional 9,147 shares during the period. Advisory Services Network LLC raised its stake in shares of Parker-Hannifin Corporation by 145.6% in the second quarter. Advisory Services Network LLC now owns 1,191 shares of the industrial products company’s stock worth $190,000 after buying an additional 706 shares during the period. Finally, Koch Industries Inc. bought a new stake in shares of Parker-Hannifin Corporation during the second quarter worth about $521,000. Institutional investors and hedge funds own 80.21% of the company’s stock.

Parker-Hannifin Corporation 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.

Insider Buying and Selling by Quarter for Parker-Hannifin Corporation (NYSE:PH)

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