Parker-Hannifin Co. (NYSE:PH) Shares Purchased by Kore Private Wealth LLC

Kore Private Wealth LLC raised its stake in shares of Parker-Hannifin Co. (NYSE:PH) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,327 shares of the industrial products company’s stock after purchasing an additional 41 shares during the period. Kore Private Wealth LLC’s holdings in Parker-Hannifin were worth $408,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PH. FMR LLC increased its position in shares of Parker-Hannifin by 16.1% in the first quarter. FMR LLC now owns 310,712 shares of the industrial products company’s stock worth $53,324,000 after acquiring an additional 43,094 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Parker-Hannifin by 1.8% in the first quarter. Principal Financial Group Inc. now owns 1,300,899 shares of the industrial products company’s stock worth $410,343,000 after acquiring an additional 22,854 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Parker-Hannifin by 15.8% in the first quarter. CIBC Private Wealth Group LLC now owns 5,485 shares of the industrial products company’s stock worth $1,730,000 after acquiring an additional 747 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Parker-Hannifin by 0.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,144 shares of the industrial products company’s stock worth $5,092,000 after acquiring an additional 50 shares in the last quarter. Finally, Ensign Peak Advisors Inc increased its position in shares of Parker-Hannifin by 22.3% in the first quarter. Ensign Peak Advisors Inc now owns 12,330 shares of the industrial products company’s stock worth $3,890,000 after acquiring an additional 2,248 shares in the last quarter. 79.08% of the stock is owned by institutional investors.

NYSE PH opened at $285.82 on Thursday. Parker-Hannifin Co. has a 12 month low of $200.03 and a 12 month high of $324.68. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.81 and a quick ratio of 1.14. The company has a market capitalization of $36.74 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 1.86 and a beta of 1.77. The company’s fifty day moving average price is $291.70 and its two-hundred day moving average price is $302.91.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, August 5th. The industrial products company reported $4.38 EPS for the quarter, beating the Zacks’ consensus estimate of $4.32 by $0.06. Parker-Hannifin had a net margin of 12.16% and a return on equity of 26.68%. The firm had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the prior year, the firm posted $2.55 EPS. The firm’s revenue was up 25.3% compared to the same quarter last year. As a group, analysts anticipate that Parker-Hannifin Co. will post 17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 27th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, August 26th. This represents a $4.12 dividend on an annualized basis and a yield of 1.44%. Parker-Hannifin’s dividend payout ratio (DPR) is 27.39%.

PH has been the subject of several recent research reports. Wells Fargo & Company assumed coverage on shares of Parker-Hannifin in a research report on Thursday, October 7th. They issued an “overweight” rating and a $337.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on shares of Parker-Hannifin in a research note on Friday, September 10th. They issued a “neutral” rating and a $300.00 target price for the company. Deutsche Bank Aktiengesellschaft downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating and decreased their target price for the company from $366.00 to $327.00 in a research note on Friday, August 6th. BMO Capital Markets upped their target price on shares of Parker-Hannifin from $365.00 to $375.00 and gave the company an “outperform” rating in a research note on Thursday, August 26th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $364.00 target price on shares of Parker-Hannifin in a research note on Friday, July 2nd. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $343.40.

Parker-Hannifin Profile

Parker-Hannifin Corp. engages in the manufacture of motion and control technologies and systems. It operates through Diversified Industrial and Aerospace segments. The Diversified Industrial segment sells products to both original equipment manufacturers and distributors who serve the replacement markets in manufacturing, packaging, processing, transportation, mobile construction, refrigeration and air conditioning, agricultural and military machinery, and equipment industries.

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

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