Monte Financial Group LLC increased its position in Parker-Hannifin Corp (NYSE:PH) by 12.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 2,515 shares of the industrial products company’s stock after purchasing an additional 271 shares during the period. Monte Financial Group LLC’s holdings in Parker-Hannifin were worth $432,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in Parker-Hannifin by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 2,942,573 shares of the industrial products company’s stock valued at $541,228,000 after purchasing an additional 258,502 shares during the period. Bank of New York Mellon Corp raised its position in Parker-Hannifin by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 950,375 shares of the industrial products company’s stock valued at $174,804,000 after purchasing an additional 4,249 shares during the period. AQR Capital Management LLC raised its position in Parker-Hannifin by 1,727.3% during the third quarter. AQR Capital Management LLC now owns 152,473 shares of the industrial products company’s stock valued at $28,044,000 after purchasing an additional 144,129 shares during the period. Koshinski Asset Management Inc. purchased a new stake in Parker-Hannifin during the third quarter valued at approximately $252,000. Finally, Kentucky Retirement Systems purchased a new stake in Parker-Hannifin during the third quarter valued at approximately $1,585,000. Institutional investors own 81.38% of the company’s stock.

In other news, VP William R. Bowman sold 875 shares of the stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $171.82, for a total transaction of $150,342.50. Following the completion of the sale, the vice president now owns 450 shares in the company, valued at approximately $77,319. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Candy M. Obourn sold 926 shares of the stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $162.18, for a total value of $150,178.68. The disclosure for this sale can be found here. Insiders have sold a total of 10,445 shares of company stock worth $1,814,218 in the last ninety days. Insiders own 1.12% of the company’s stock.

NYSE PH traded down $0.50 during midday trading on Tuesday, hitting $189.43. 10,524 shares of the company traded hands, compared to its average volume of 878,814. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $24.57 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.78 and a beta of 1.46. Parker-Hannifin Corp has a 52 week low of $140.82 and a 52 week high of $193.19.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, January 31st. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.10. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Parker-Hannifin had a return on equity of 25.82% and a net margin of 9.69%. During the same quarter last year, the firm earned $2.15 EPS. On average, equities analysts predict that Parker-Hannifin Corp will post 11.65 earnings per share for the current fiscal year.

PH has been the topic of a number of recent research reports. Morgan Stanley set a $172.00 price objective on Parker-Hannifin and gave the company a “hold” rating in a research report on Saturday, February 2nd. Stifel Nicolaus cut Parker-Hannifin from a “buy” rating to a “hold” rating and cut their target price for the company from $181.00 to $171.00 in a research note on Friday, February 1st. Robert W. Baird set a $170.00 target price on Parker-Hannifin and gave the company a “buy” rating in a research note on Friday, January 25th. Barclays upped their target price on Parker-Hannifin from $178.00 to $186.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Finally, Vertical Research cut Parker-Hannifin from a “buy” rating to a “hold” rating and set a $175.00 target price on the stock. in a research note on Friday, February 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. Parker-Hannifin currently has an average rating of “Hold” and a consensus price target of $182.00.

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About Parker-Hannifin

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.

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

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