Teachers Advisors LLC boosted its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 852,939 shares of the industrial products company’s stock after purchasing an additional 7,281 shares during the period. Teachers Advisors LLC owned about 0.64% of Parker-Hannifin Corporation worth $136,317,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PH. BlackRock Inc. lifted its holdings in Parker-Hannifin Corporation by 2,619.0% during the 1st quarter. BlackRock Inc. now owns 8,166,311 shares of the industrial products company’s stock valued at $1,309,223,000 after purchasing an additional 7,865,974 shares during the last quarter. FMR LLC lifted its holdings in Parker-Hannifin Corporation by 1,163.3% during the 1st quarter. FMR LLC now owns 1,754,907 shares of the industrial products company’s stock valued at $281,346,000 after purchasing an additional 1,615,987 shares during the last quarter. Jennison Associates LLC lifted its holdings in Parker-Hannifin Corporation by 28.5% during the 2nd quarter. Jennison Associates LLC now owns 6,026,440 shares of the industrial products company’s stock valued at $963,146,000 after purchasing an additional 1,336,541 shares during the last quarter. Longview Partners Guernsey LTD lifted its holdings in Parker-Hannifin Corporation by 7.6% during the 2nd quarter. Longview Partners Guernsey LTD now owns 5,134,958 shares of the industrial products company’s stock valued at $820,669,000 after purchasing an additional 362,076 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Parker-Hannifin Corporation by 25.8% during the 2nd quarter. American Century Companies Inc. now owns 1,754,509 shares of the industrial products company’s stock valued at $280,406,000 after purchasing an additional 359,937 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

In other Parker-Hannifin Corporation news, Director Joseph Scaminace sold 500 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $158.35, for a total transaction of $79,175.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Candy M. Obourn sold 1,241 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $161.46, for a total transaction of $200,371.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,749 shares of company stock valued at $441,544. 2.73% of the stock is owned by company insiders.

Several equities analysts recently issued reports on PH shares. BidaskClub raised shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. ValuEngine raised shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. 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 note on Sunday, May 28th. 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 note on Thursday, May 18th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $189.00 target price on shares of Parker-Hannifin Corporation in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $172.06.

Shares of Parker-Hannifin Corporation (NYSE PH) traded up 0.21% during midday trading on Tuesday, hitting $165.43. 359,153 shares of the stock traded hands. The firm’s 50-day moving average is $160.57 and its 200 day moving average is $159.36. The company has a market capitalization of $22.02 billion, a price-to-earnings ratio of 22.82 and a beta of 1.41. 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 issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 8.18% and a return on equity of 22.90%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business earned $1.90 EPS. Equities 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 was paid on Friday, September 8th. Investors of record on Monday, August 28th were issued a $0.66 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $2.64 dividend on an annualized basis and a yield of 1.60%. Parker-Hannifin Corporation’s dividend payout ratio (DPR) is presently 36.51%.

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

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