Parker-Hannifin Corporation (PH) Holdings Reduced by Andra AP fonden
Andra AP fonden lowered its holdings in Parker-Hannifin Corporation (NYSE:PH) by 21.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,000 shares of the industrial products company’s stock after selling 6,500 shares during the quarter. Andra AP fonden’s holdings in Parker-Hannifin Corporation were worth $4,200,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in PH. Thrivent Financial For Lutherans lifted its holdings in Parker-Hannifin Corporation by 5.6% in the first quarter. Thrivent Financial For Lutherans now owns 4,905 shares of the industrial products company’s stock valued at $786,000 after acquiring an additional 260 shares during the period. Independent Portfolio Consultants Inc. raised its stake in shares of Parker-Hannifin Corporation by 74.3% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,124 shares of the industrial products company’s stock worth $180,000 after buying an additional 479 shares during the last quarter. Atria Investments LLC purchased a new stake in Parker-Hannifin Corporation during the 2nd quarter worth about $214,000. Bank of Montreal Can increased its position in Parker-Hannifin Corporation by 37.5% during the 2nd quarter. Bank of Montreal Can now owns 413,207 shares of the industrial products company’s stock worth $66,038,000 after purchasing an additional 112,793 shares in the last quarter. Finally, Pennsylvania Trust Co increased its position in Parker-Hannifin Corporation by 106.6% during the 2nd quarter. Pennsylvania Trust Co now owns 5,427 shares of the industrial products company’s stock worth $867,000 after purchasing an additional 2,800 shares in the last quarter. 79.64% of the stock is owned by institutional investors.
Several analysts have commented on PH shares. BidaskClub cut Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Stifel Nicolaus restated a “buy” rating and issued a $189.00 price target on shares of Parker-Hannifin Corporation in a report on Friday, July 14th. Zacks Investment Research upgraded Parker-Hannifin Corporation from a “hold” rating to a “buy” rating and set a $208.00 price target for the company in a report on Tuesday. Robert W. Baird lifted their price target on Parker-Hannifin Corporation from $183.00 to $194.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Finally, KeyCorp restated a “buy” rating and issued a $205.00 price target on shares of Parker-Hannifin Corporation in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $188.37.
In other news, VP Robert W. Malone sold 540 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $186.37, for a total value of $100,639.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Scaminace sold 500 shares of the business’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 value of $79,175.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,215 shares of company stock worth $1,964,758. 1.12% of the stock is currently owned by corporate insiders.
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Parker-Hannifin Corporation (PH) opened at $185.47 on Wednesday. Parker-Hannifin Corporation has a 52-week low of $123.82 and a 52-week high of $189.83. The stock has a market capitalization of $24,591.40, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 1.68 and a beta of 1.40. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.44 and a quick ratio of 0.95.
Parker-Hannifin Corporation (NYSE:PH) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.22. Parker-Hannifin Corporation had a return on equity of 23.61% and a net margin of 8.37%. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the company posted $1.61 EPS. Parker-Hannifin Corporation’s quarterly revenue was up 22.7% on a year-over-year basis. equities research analysts anticipate that Parker-Hannifin Corporation will post 9.46 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, November 9th. Parker-Hannifin Corporation’s payout ratio is 33.93%.
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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