DekaBank Deutsche Girozentrale decreased its holdings in Parker-Hannifin Corporation (NYSE:PH) by 5.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,462 shares of the industrial products company’s stock after selling 845 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Parker-Hannifin Corporation were worth $2,374,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Emerald Advisers Inc. PA purchased a new position in Parker-Hannifin Corporation in the third quarter worth $1,527,000. Tredje AP fonden grew its holdings 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 valued at $2,170,000 after buying an additional 8,078 shares during the last quarter. Koch Industries Inc. purchased a new stake in shares of Parker-Hannifin Corporation during the second quarter valued at $521,000. Sand Hill Global Advisors LLC purchased a new stake in Parker-Hannifin Corporation in the second quarter valued at $4,194,000. Finally, Chicago Equity Partners LLC boosted its holdings in Parker-Hannifin Corporation by 4.6% in the second quarter. Chicago Equity Partners LLC now owns 66,375 shares of the industrial products company’s stock valued at $10,608,000 after purchasing an additional 2,930 shares during the last quarter. 78.35% of the stock is owned by institutional investors.

In other news, Director Candy M. Obourn sold 1,241 shares of Parker-Hannifin Corporation stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $161.46, for a total value of $200,371.86. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joseph Scaminace sold 500 shares of Parker-Hannifin Corporation stock in a transaction dated Monday, August 28th. The shares were 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. Insiders have sold a total of 25,828 shares of company stock worth $4,611,814 over the last quarter. 1.12% of the stock is owned by company insiders.

Several equities research analysts have commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $165.00 price target (up from $163.00) on shares of Parker-Hannifin Corporation in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub lowered shares of Parker-Hannifin Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Cowen and Company reaffirmed a “hold” rating and issued a $155.00 price target on shares of Parker-Hannifin Corporation in a report on Sunday, October 29th. Finally, Citigroup Inc. upped their price target on shares of Parker-Hannifin Corporation from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Friday, October 13th. 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’s stock. Parker-Hannifin Corporation currently has a consensus rating of “Buy” and an average target price of $188.95.

Shares of Parker-Hannifin Corporation (NYSE PH) opened at $184.61 on Thursday. The stock has a market cap of $24,552.23, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 1.65 and a beta of 1.40. Parker-Hannifin Corporation has a fifty-two week low of $134.03 and a fifty-two week high of $189.83. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.87.

Parker-Hannifin Corporation (NYSE:PH) last announced its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $2.24 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the business earned $1.61 EPS. The company’s revenue was up 22.7% on a year-over-year basis. equities analysts predict that Parker-Hannifin Corporation will post 9.57 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a dividend of $0.66 per share. The ex-dividend date is Thursday, November 9th. This represents a $2.64 annualized dividend and a yield of 1.43%. Parker-Hannifin Corporation’s dividend payout ratio is currently 33.93%.

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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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