Aviva PLC lowered its position in shares of Parker-Hannifin Corp (NYSE:PH) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,465 shares of the industrial products company’s stock after selling 983 shares during the quarter. Aviva PLC’s holdings in Parker-Hannifin were worth $10,359,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Marble Harbor Investment Counsel LLC grew its position in Parker-Hannifin by 2.7% during the first quarter. Marble Harbor Investment Counsel LLC now owns 12,005 shares of the industrial products company’s stock valued at $2,053,000 after purchasing an additional 312 shares in the last quarter. Cambria Investment Management L.P. grew its position in Parker-Hannifin by 2.7% during the first quarter. Cambria Investment Management L.P. now owns 12,298 shares of the industrial products company’s stock valued at $2,103,000 after purchasing an additional 320 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in Parker-Hannifin by 28.8% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,452 shares of the industrial products company’s stock valued at $248,000 after purchasing an additional 325 shares in the last quarter. Summit Trail Advisors LLC grew its position in Parker-Hannifin by 20.0% during the first quarter. Summit Trail Advisors LLC now owns 2,066 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 345 shares in the last quarter. Finally, Armbruster Capital Management Inc. grew its position in Parker-Hannifin by 34.6% during the second quarter. Armbruster Capital Management Inc. now owns 1,362 shares of the industrial products company’s stock valued at $212,000 after purchasing an additional 350 shares in the last quarter. Institutional investors and hedge funds own 80.05% of the company’s stock.

PH stock opened at $174.30 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.59 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $22.94 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 1.35 and a beta of 1.42. Parker-Hannifin Corp has a 12 month low of $152.47 and a 12 month high of $212.80.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, August 2nd. The industrial products company reported $3.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.91 by $0.31. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.83 billion. Parker-Hannifin had a net margin of 7.42% and a return on equity of 24.77%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.45 earnings per share. equities research analysts predict that Parker-Hannifin Corp will post 11.31 EPS for the current fiscal year.

PH has been the topic of a number of research analyst reports. Cowen reaffirmed a “hold” rating and set a $165.00 price objective on shares of Parker-Hannifin in a research report on Friday, July 20th. Goldman Sachs Group downgraded shares of Parker-Hannifin from a “buy” rating to a “neutral” rating and set a $164.00 price objective on the stock. in a research report on Monday, July 16th. Wolfe Research initiated coverage on shares of Parker-Hannifin in a research report on Wednesday, June 27th. They set a “market perform” rating on the stock. Evercore ISI raised shares of Parker-Hannifin from an “in-line” rating to an “outperform” rating in a research report on Monday. Finally, KeyCorp reaffirmed an “overweight” rating and set a $200.00 price objective (down from $225.00) on shares of Parker-Hannifin in a research report on Friday, July 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $189.50.

In other Parker-Hannifin news, VP Catherine A. Suever sold 2,148 shares of the business’s stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $175.13, for a total value of $376,179.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas C. Gentile sold 570 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $176.73, for a total transaction of $100,736.10. The disclosure for this sale can be found here. Insiders sold 9,723 shares of company stock valued at $1,752,106 over the last three months. Insiders own 1.12% of the company’s stock.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.

Further Reading: Stock Symbol

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

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