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%.

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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.

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

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