Swiss National Bank boosted its position in Parker-Hannifin Corporation (NYSE:PH) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 490,632 shares of the industrial products company’s stock after acquiring an additional 3,700 shares during the quarter. Swiss National Bank owned 368,342.34% of Parker-Hannifin Corporation worth $85,870,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Emerald Advisers Inc. PA bought a new position in Parker-Hannifin Corporation in the third quarter valued at $1,527,000. Tredje AP fonden increased its stake in Parker-Hannifin Corporation by 146.9% in the second quarter. Tredje AP fonden now owns 13,578 shares of the industrial products company’s stock valued at $2,170,000 after acquiring an additional 8,078 shares during the last quarter. Koch Industries Inc. bought a new position in Parker-Hannifin Corporation in the second quarter valued at $521,000. Sand Hill Global Advisors LLC bought a new position in Parker-Hannifin Corporation in the second quarter valued at $4,194,000. Finally, Chicago Equity Partners LLC increased its stake 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 acquiring an additional 2,930 shares during the last quarter. 79.64% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently commented on the company. Zacks Investment Research raised Parker-Hannifin Corporation from a “hold” rating to a “buy” rating and set a $208.00 target price on the stock in a research note on Tuesday, November 7th. BMO Capital Markets upped their price target on shares of Parker-Hannifin Corporation from $200.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, November 6th. KeyCorp restated a “buy” rating and set a $205.00 price target on shares of Parker-Hannifin Corporation in a research report on Friday, November 3rd. Citigroup Inc. upped their price target on shares of Parker-Hannifin Corporation from $185.00 to $195.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Finally, Stifel Nicolaus restated a “buy” rating and set a $210.00 price target on shares of Parker-Hannifin Corporation in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $188.37.
Shares of Parker-Hannifin Corporation (NYSE PH) opened at $182.23 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.95 and a current ratio of 1.44. The firm has a market cap of $24,277.77, a PE ratio of 20.92, a PEG ratio of 1.64 and a beta of 1.40. Parker-Hannifin Corporation has a 1-year low of $134.03 and a 1-year high of $189.83.
Parker-Hannifin Corporation (NYSE:PH) last issued its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $2.24 EPS for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the business posted $1.61 earnings per share. Parker-Hannifin Corporation’s quarterly revenue was up 22.7% compared to the same quarter last year. research analysts predict that Parker-Hannifin Corporation will post 9.55 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $2.64 annualized dividend and a yield of 1.45%. Parker-Hannifin Corporation’s dividend payout ratio (DPR) is presently 33.93%.
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In other Parker-Hannifin Corporation news, Director Joseph Scaminace sold 500 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $158.35, for a total value of $79,175.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joseph R. Leonti sold 408 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $160.70, for a total transaction of $65,565.60. Following the completion of the sale, the vice president now owns 7,318 shares of the company’s stock, valued at $1,176,002.60. The disclosure for this sale can be found here. Insiders sold 11,215 shares of company stock valued at $1,964,758 over the last 90 days. 1.12% of the stock is currently owned by company insiders.
About Parker-Hannifin Corporation
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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