Brown Advisory Inc. decreased its position in shares of Parker-Hannifin Corp (NYSE:PH) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,966 shares of the industrial products company’s stock after selling 740 shares during the quarter. Brown Advisory Inc.’s holdings in Parker-Hannifin were worth $3,844,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Emerald Advisers Inc. PA bought a new position in shares of Parker-Hannifin in the third quarter worth about $1,527,000. Tredje AP fonden lifted its holdings in shares of Parker-Hannifin by 146.9% in the second quarter. Tredje AP fonden now owns 13,578 shares of the industrial products company’s stock worth $2,170,000 after acquiring an additional 8,078 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Parker-Hannifin in the second quarter worth about $521,000. Sand Hill Global Advisors LLC bought a new position in shares of Parker-Hannifin in the second quarter worth about $4,194,000. Finally, Chicago Equity Partners LLC lifted its holdings in shares of Parker-Hannifin by 4.6% in the second quarter. Chicago Equity Partners LLC now owns 66,375 shares of the industrial products company’s stock worth $10,608,000 after acquiring an additional 2,930 shares during the last quarter. 78.24% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the stock. ValuEngine cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Buckingham Research raised their price objective on shares of Parker-Hannifin from $205.00 to $210.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Credit Suisse Group raised their price objective on shares of Parker-Hannifin from $205.00 to $206.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Robert W. Baird raised their price objective on shares of Parker-Hannifin from $183.00 to $194.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Finally, Jefferies Group raised their price objective on shares of Parker-Hannifin from $175.00 to $185.00 and gave the company a “hold” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $188.95.

In other news, Director Linda S. Harty sold 3,491 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $183.30, for a total transaction of $639,900.30. Following the completion of the sale, the director now owns 9,727 shares of the company’s stock, valued at approximately $1,782,959.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Martin C. Maxwell sold 2,640 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $165.67, for a total transaction of $437,368.80. Following the sale, the vice president now directly owns 31,718 shares of the company’s stock, valued at approximately $5,254,721.06. The disclosure for this sale can be found here. Insiders have sold a total of 24,320 shares of company stock valued at $4,370,641 in the last three months. Insiders own 1.12% of the company’s stock.

Parker-Hannifin Corp (NYSE PH) traded down $1.54 during trading hours on Wednesday, reaching $184.31. 717,500 shares of the company’s stock were exchanged, compared to its average volume of 992,836. The firm has a market cap of $24,760.07, a P/E ratio of 21.34, a PEG ratio of 1.67 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 Corp has a twelve month low of $139.49 and a twelve month high of $190.00.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, November 2nd. The industrial products company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.22. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.31 billion. Parker-Hannifin had a net margin of 8.37% and a return on equity of 23.61%. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.61 EPS. research analysts expect that Parker-Hannifin Corp will post 9.56 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Thursday, November 9th. Parker-Hannifin’s dividend payout ratio is presently 33.93%.

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Parker-Hannifin 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.

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

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