Parker-Hannifin Corporation (PH) Shares Bought by Swiss National Bank

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.

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

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