Oregon Public Employees Retirement Fund increased its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 165.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,896 shares of the industrial products company’s stock after buying an additional 23,000 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Parker-Hannifin Corporation were worth $5,897,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. Winslow Evans & Crocker Inc. boosted its stake in shares of Parker-Hannifin Corporation by 60.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 5,655 shares of the industrial products company’s stock worth $904,000 after buying an additional 2,125 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Parker-Hannifin Corporation by 508.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 21,636 shares of the industrial products company’s stock worth $3,458,000 after buying an additional 18,078 shares during the last quarter. National Pension Service boosted its stake in shares of Parker-Hannifin Corporation by 12.2% in the second quarter. National Pension Service now owns 128,836 shares of the industrial products company’s stock worth $20,234,000 after buying an additional 14,012 shares during the last quarter. Peak Capital Management LLC acquired a new stake in shares of Parker-Hannifin Corporation during the second quarter worth approximately $1,175,000. Finally, Beutel Goodman & Co Ltd. boosted its stake in shares of Parker-Hannifin Corporation by 6.4% in the second quarter. Beutel Goodman & Co Ltd. now owns 1,256,006 shares of the industrial products company’s stock worth $154,614,000 after buying an additional 75,216 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors.
Parker-Hannifin Corporation (PH) opened at 165.96 on Friday. The firm’s 50-day moving average is $160.27 and its 200 day moving average is $155.95. The firm has a market capitalization of $22.10 billion, a price-to-earnings ratio of 24.18 and a beta of 1.40. Parker-Hannifin Corporation has a 12 month low of $111.36 and a 12 month high of $167.12.
Parker-Hannifin Corporation (NYSE:PH) last issued its quarterly earnings data on Thursday, April 27th. The industrial products company reported $2.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.25. The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.03 billion. Parker-Hannifin Corporation had a net margin of 8.11% and a return on equity of 22.14%. Parker-Hannifin Corporation’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $1.51 EPS. Equities analysts predict that Parker-Hannifin Corporation will post $7.93 earnings per share for the current year.
A number of brokerages have recently commented on PH. Stifel Nicolaus reaffirmed a “buy” rating and issued a $189.00 target price on shares of Parker-Hannifin Corporation in a report on Friday, July 14th. Wolfe Research began coverage on shares of Parker-Hannifin Corporation in a report on Tuesday, July 11th. They issued an “outperform” rating and a $182.00 target price for the company. Jefferies Group LLC set a $163.00 target price on shares of Parker-Hannifin Corporation and gave the company a “hold” rating in a report on Wednesday, June 28th. BidaskClub raised shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, ValuEngine raised shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Four analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $165.18.
In other Parker-Hannifin Corporation news, VP William R. Bowman sold 2,900 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $158.92, for a total transaction of $460,868.00. Following the sale, the vice president now directly owns 1,172 shares in the company, valued at approximately $186,254.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert W. Malone sold 793 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $159.36, for a total transaction of $126,372.48. Following the sale, the vice president now owns 11,549 shares in the company, valued at $1,840,448.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,563 shares of company stock worth $3,471,380. 2.73% of the stock is currently owned by insiders.
Parker-Hannifin Corporation Company Profile
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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