Delta Lloyd Asset Management N.V. Buys Shares of 18,407 Parker-Hannifin Corporation (PH)
Delta Lloyd Asset Management N.V. bought a new position in Parker-Hannifin Corporation (NYSE:PH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,407 shares of the industrial products company’s stock, valued at approximately $2,942,000.
Other hedge funds have also bought and sold shares of the company. Parallel Advisors LLC grew its position in Parker-Hannifin Corporation by 4.1% in the second quarter. Parallel Advisors LLC now owns 612 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 24 shares in the last quarter. Harbour Capital Advisors LLC bought a new stake in Parker-Hannifin Corporation in the first quarter worth approximately $112,000. TrimTabs Asset Management LLC grew its position in Parker-Hannifin Corporation by 88.5% in the first quarter. TrimTabs Asset Management LLC now owns 852 shares of the industrial products company’s stock worth $137,000 after acquiring an additional 400 shares in the last quarter. FNY Partners Fund LP bought a new stake in Parker-Hannifin Corporation in the first quarter worth approximately $160,000. Finally, Independent Portfolio Consultants Inc. grew its position in Parker-Hannifin Corporation by 74.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,124 shares of the industrial products company’s stock worth $180,000 after acquiring an additional 479 shares in the last quarter. 80.24% of the stock is owned by institutional investors.
Shares of Parker-Hannifin Corporation (NYSE:PH) opened at 162.83 on Monday. Parker-Hannifin Corporation has a one year low of $118.77 and a one year high of $167.50. The firm has a 50-day moving average of $161.47 and a 200-day moving average of $159.10. The company has a market capitalization of $21.68 billion, a P/E ratio of 22.46 and a beta of 1.41.
Parker-Hannifin Corporation (NYSE:PH) last released its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $2.45 EPS for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.14. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Parker-Hannifin Corporation had a net margin of 8.18% and a return on equity of 22.90%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.90 earnings per share. Equities research analysts expect that Parker-Hannifin Corporation will post $9.08 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 28th will be given a $0.66 dividend. The ex-dividend date is Thursday, August 24th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.62%. Parker-Hannifin Corporation’s payout ratio is presently 36.51%.
PH has been the subject of several recent analyst reports. J P Morgan Chase & Co set a $175.00 price objective on shares of Parker-Hannifin Corporation and gave the stock a “buy” rating in a report on Thursday, May 18th. Credit Suisse Group set a $189.00 price objective on shares of Parker-Hannifin Corporation and gave the stock a “buy” rating in a report on Sunday, May 28th. ValuEngine raised shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. BidaskClub raised shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, Jefferies Group LLC set a $163.00 price objective on shares of Parker-Hannifin Corporation and gave the stock a “hold” rating in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $172.06.
In other news, Director Joseph Scaminace sold 500 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $158.35, for a total value of $79,175.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark J. Hart sold 600 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $160.72, for a total transaction of $96,432.00. Following the completion of the sale, the executive vice president now directly owns 5,851 shares of the company’s stock, valued at approximately $940,372.72. The disclosure for this sale can be found here. Insiders own 2.73% of the company’s stock.
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.
Receive News & Stock Ratings for Parker-Hannifin Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parker-Hannifin Corporation and related stocks with our FREE daily email newsletter.