Jag Capital Management LLC Buys 221 Shares of Parker-Hannifin Corp (PH)

Jag Capital Management LLC increased its stake in shares of Parker-Hannifin Corp (NYSE:PH) by 2.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 9,382 shares of the industrial products company’s stock after purchasing an additional 221 shares during the period. Jag Capital Management LLC’s holdings in Parker-Hannifin were worth $1,610,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Paradigm Asset Management Co. LLC lifted its holdings in Parker-Hannifin by 7.4% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 3,650 shares of the industrial products company’s stock worth $671,000 after purchasing an additional 250 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Parker-Hannifin by 1.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 233,970 shares of the industrial products company’s stock valued at $43,034,000 after acquiring an additional 4,165 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Parker-Hannifin by 6.3% in the 4th quarter. Legal & General Group Plc now owns 653,420 shares of the industrial products company’s stock valued at $97,451,000 after acquiring an additional 38,840 shares in the last quarter. Fruth Investment Management raised its holdings in shares of Parker-Hannifin by 83.7% in the 4th quarter. Fruth Investment Management now owns 7,900 shares of the industrial products company’s stock valued at $1,178,000 after acquiring an additional 3,600 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Parker-Hannifin by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,942,573 shares of the industrial products company’s stock valued at $541,228,000 after acquiring an additional 258,502 shares in the last quarter. 81.37% of the stock is currently owned by institutional investors and hedge funds.

In other Parker-Hannifin news, Director Candy M. Obourn sold 926 shares of the business’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $162.18, for a total transaction of $150,178.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Todd M. Leombruno sold 784 shares of the business’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $177.55, for a total value of $139,199.20. Following the sale, the vice president now directly owns 2,913 shares of the company’s stock, valued at approximately $517,203.15. The disclosure for this sale can be found here. Insiders sold 10,445 shares of company stock valued at $1,814,218 in the last ninety days. 1.12% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on PH shares. Zacks Investment Research upgraded Parker-Hannifin from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Barclays lifted their price objective on Parker-Hannifin from $178.00 to $186.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Vertical Research cut Parker-Hannifin from a “buy” rating to a “hold” rating and set a $175.00 price objective for the company. in a research note on Friday, February 1st. Robert W. Baird set a $180.00 price objective on Parker-Hannifin and gave the company a “buy” rating in a research note on Saturday, February 2nd. Finally, Stifel Nicolaus cut Parker-Hannifin from a “buy” rating to a “hold” rating and lowered their price objective for the company from $181.00 to $171.00 in a research note on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $181.39.

Shares of Parker-Hannifin stock traded down $0.78 on Monday, reaching $187.86. The company’s stock had a trading volume of 824,232 shares, compared to its average volume of 889,642. The firm has a market cap of $24.40 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 1.75 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. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.74.

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

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Parker-Hannifin 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.

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

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