Bbva Compass Bancshares Inc. Raises Stake in Parker-Hannifin Corporation (PH)

Bbva Compass Bancshares Inc. increased its position in Parker-Hannifin Corporation (NYSE:PH) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,916 shares of the industrial products company’s stock after buying an additional 884 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Parker-Hannifin Corporation were worth $4,941,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Winslow Evans & Crocker Inc. raised its position in shares of Parker-Hannifin Corporation by 2,615.4% in the first quarter. Winslow Evans & Crocker Inc. now owns 3,530 shares of the industrial products company’s stock worth $566,000 after buying an additional 3,400 shares during the period. Quadrant Capital Group LLC raised its position in shares of Parker-Hannifin Corporation by 4.6% in the first quarter. Quadrant Capital Group LLC now owns 844 shares of the industrial products company’s stock worth $131,000 after buying an additional 37 shares during the period. Gulf International Bank UK Ltd raised its position in shares of Parker-Hannifin Corporation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 41,655 shares of the industrial products company’s stock worth $6,678,000 after buying an additional 550 shares during the period. Charter Trust Co. raised its position in shares of Parker-Hannifin Corporation by 6.6% in the first quarter. Charter Trust Co. now owns 9,709 shares of the industrial products company’s stock worth $1,557,000 after buying an additional 600 shares during the period. Finally, Raymond James Trust N.A. raised its position in shares of Parker-Hannifin Corporation by 52.5% in the first quarter. Raymond James Trust N.A. now owns 4,353 shares of the industrial products company’s stock worth $698,000 after buying an additional 1,499 shares during the period. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Corporation (NYSE:PH) traded up 0.81% on Friday, hitting $157.02. The company had a trading volume of 1,013,764 shares. Parker-Hannifin Corporation has a 12-month low of $118.77 and a 12-month high of $167.50. The firm has a market capitalization of $20.93 billion, a PE ratio of 21.66 and a beta of 1.40. The firm has a 50-day moving average price of $162.43 and a 200-day moving average price of $158.07.

Parker-Hannifin Corporation (NYSE:PH) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $2.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.31 by $0.14. Parker-Hannifin Corporation had a return on equity of 22.90% and a net margin of 8.18%. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the previous year, the firm earned $1.90 earnings per share. The business’s revenue was up 18.2% on a year-over-year basis. On average, equities research analysts anticipate that Parker-Hannifin Corporation will post $9.06 earnings per share for the current fiscal year.

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A number of research firms have weighed in on PH. Stifel Nicolaus set a $198.00 price target on shares of Parker-Hannifin Corporation and gave the stock a “buy” rating in a research note on Friday, August 4th. BidaskClub downgraded shares of Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Jefferies Group LLC reiterated a “hold” rating and set a $163.00 price target on shares of Parker-Hannifin Corporation in a research note on Thursday, August 3rd. Wolfe Research began coverage on shares of Parker-Hannifin Corporation in a research note on Tuesday, July 11th. They set an “outperform” rating and a $182.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $168.69.

In other Parker-Hannifin Corporation news, VP Martin C. Maxwell sold 2,850 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $160.08, for a total value of $456,228.00. Following the sale, the vice president now directly owns 21,968 shares in the company, valued at $3,516,637.44. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John G. Dedinsky, Jr. sold 2,530 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $160.98, for a total value of $407,279.40. Following the completion of the sale, the vice president now owns 21,753 shares in the company, valued at $3,501,797.94. The disclosure for this sale can be found here. 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.

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

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