BNP Paribas Arbitrage SA lifted its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 74.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 154,534 shares of the industrial products company’s stock after purchasing an additional 65,944 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.12% of Parker-Hannifin Corporation worth $27,047,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Emerald Advisers Inc. PA acquired a new position in shares of Parker-Hannifin Corporation during the third quarter worth approximately $1,527,000. Tredje AP fonden lifted its position in shares of Parker-Hannifin Corporation by 146.9% during the second quarter. Tredje AP fonden now owns 13,578 shares of the industrial products company’s stock worth $2,170,000 after purchasing an additional 8,078 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of Parker-Hannifin Corporation during the second quarter worth approximately $521,000. Sand Hill Global Advisors LLC acquired a new position in shares of Parker-Hannifin Corporation during the second quarter worth approximately $4,194,000. Finally, Chicago Equity Partners LLC lifted its position in shares of Parker-Hannifin Corporation by 4.6% during the second quarter. Chicago Equity Partners LLC now owns 66,375 shares of the industrial products company’s stock worth $10,608,000 after purchasing an additional 2,930 shares in the last quarter. Institutional investors own 79.64% of the company’s stock.

Shares of Parker-Hannifin Corporation (PH) traded down $0.11 during trading hours on Friday, reaching $182.23. 409,500 shares of the company’s stock traded hands, compared to its average volume of 1,019,285. Parker-Hannifin Corporation has a 1 year low of $134.03 and a 1 year high of $189.83. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.44 and a quick ratio of 0.95. The company has a market capitalization of $24,292.45, a P/E ratio of 20.93, a PEG ratio of 1.64 and a beta of 1.40.

Parker-Hannifin Corporation (NYSE:PH) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $2.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.22. Parker-Hannifin Corporation had a net margin of 8.37% and a return on equity of 23.61%. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the firm earned $1.61 earnings per share. The business’s quarterly revenue was up 22.7% on a year-over-year basis. equities analysts forecast that Parker-Hannifin Corporation will post 9.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.45%. The ex-dividend date is Thursday, November 9th. Parker-Hannifin Corporation’s payout ratio is presently 33.93%.

In other news, Director Joseph Scaminace sold 500 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $158.35, for a total transaction of $79,175.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Joseph R. Leonti sold 408 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $160.70, for a total transaction of $65,565.60. Following the sale, the vice president now directly owns 7,318 shares of the company’s stock, valued at approximately $1,176,002.60. The disclosure for this sale can be found here. Insiders sold 11,215 shares of company stock valued at $1,964,758 in the last ninety days. Insiders own 1.12% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Buckingham Research upped their target price on shares of Parker-Hannifin Corporation from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Credit Suisse Group upped their target price on shares of Parker-Hannifin Corporation from $205.00 to $206.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Robert W. Baird upped their target price on shares of Parker-Hannifin Corporation from $183.00 to $194.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Jefferies Group LLC upped their target price on shares of Parker-Hannifin Corporation from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Finally, Morgan Stanley upped their target price on shares of Parker-Hannifin Corporation from $188.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $188.37.

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Parker-Hannifin Corporation 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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