Investors sold shares of Parker-Hannifin Corporation (NYSE:PH) on strength during trading on Monday following insider selling activity. $29.10 million flowed into the stock on the tick-up and $62.69 million flowed out of the stock on the tick-down, for a money net flow of $33.59 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 $1.94 for the day and closed at $162.83Specifically, EVP Mark J. Hart sold 600 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 5,851 shares of the company’s stock, valued at approximately $940,372.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Scaminace sold 500 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $158.35, for a total transaction of $79,175.00. The disclosure for this sale can be found here. 2.73% of the stock is currently owned by insiders.

A number of research analysts have weighed in on PH shares. J P Morgan Chase & Co set a $175.00 target price on shares of Parker-Hannifin Corporation and gave the stock a “buy” rating in a research report on Thursday, May 18th. Credit Suisse Group set a $189.00 target price on shares of Parker-Hannifin Corporation and gave the stock a “buy” rating in a research report on Sunday, May 28th. ValuEngine raised shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. BidaskClub raised shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Jefferies Group LLC set a $163.00 target price on shares of Parker-Hannifin Corporation and gave the stock a “hold” rating in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $172.06.

The company has a market cap of $21.68 billion, a P/E ratio of 22.46 and a beta of 1.41. The stock has a 50-day moving average of $161.47 and a 200-day moving average of $159.10.

Parker-Hannifin Corporation (NYSE:PH) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $3.52 billion. During the same quarter in the previous year, the company earned $1.90 EPS. The business’s revenue was up 18.2% on a year-over-year basis. Analysts forecast that Parker-Hannifin Corporation will post $9.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Monday, August 28th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.62%. The ex-dividend date is Thursday, August 24th. Parker-Hannifin Corporation’s dividend payout ratio (DPR) is 36.51%.

A number of hedge funds have recently added to or reduced their stakes in PH. Janney Montgomery Scott LLC increased its holdings in Parker-Hannifin Corporation by 176.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 6,288 shares of the industrial products company’s stock valued at $1,008,000 after buying an additional 4,010 shares during the period. Russell Investments Group Ltd. increased its holdings in Parker-Hannifin Corporation by 62.9% in the 1st quarter. Russell Investments Group Ltd. now owns 95,188 shares of the industrial products company’s stock valued at $15,263,000 after buying an additional 36,758 shares during the period. Commerzbank Aktiengesellschaft FI increased its holdings in Parker-Hannifin Corporation by 158.0% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 5,629 shares of the industrial products company’s stock valued at $902,000 after buying an additional 3,447 shares during the period. Syntal Capital Partners LLC increased its holdings in Parker-Hannifin Corporation by 60.4% in the 1st quarter. Syntal Capital Partners LLC now owns 3,655 shares of the industrial products company’s stock valued at $585,000 after buying an additional 1,376 shares during the period. Finally, Pillar Pacific Capital Management LLC increased its holdings in Parker-Hannifin Corporation by 3.8% in the 1st quarter. Pillar Pacific Capital Management LLC now owns 26,890 shares of the industrial products company’s stock valued at $4,311,000 after buying an additional 980 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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