Robert W. Bond Sells 5,517 Shares of Parker-Hannifin Corporation (PH) Stock

Parker-Hannifin Corporation (NYSE:PH) VP Robert W. Bond sold 5,517 shares of Parker-Hannifin Corporation stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $181.72, for a total value of $1,002,549.24. Following the completion of the sale, the vice president now directly owns 28,265 shares of the company’s stock, valued at approximately $5,136,315.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Parker-Hannifin Corporation (NYSE:PH) opened at $184.29 on Wednesday. The stock has a market capitalization of $24,367.05, a PE ratio of 21.00, a PEG ratio of 1.64 and a beta of 1.40. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.87. Parker-Hannifin Corporation has a 12-month low of $134.03 and a 12-month high of $189.83.

Parker-Hannifin Corporation (NYSE:PH) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.22. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.31 billion. Parker-Hannifin Corporation had a return on equity of 23.61% and a net margin of 8.37%. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter last year, the company posted $1.61 EPS. sell-side analysts forecast that Parker-Hannifin Corporation will post 9.57 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be given a $0.66 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $2.64 dividend on an annualized basis and a yield of 1.43%. Parker-Hannifin Corporation’s payout ratio is 33.93%.

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Several equities research analysts recently weighed in on PH shares. Cowen and Company reissued a “hold” rating and issued a $140.00 price objective on shares of Parker-Hannifin Corporation in a report on Friday, October 6th. Zacks Investment Research raised Parker-Hannifin Corporation from a “hold” rating to a “buy” rating and set a $208.00 price objective for the company in a report on Tuesday, November 7th. Robert W. Baird lifted their price objective on Parker-Hannifin Corporation from $183.00 to $194.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. BMO Capital Markets lifted their price objective on Parker-Hannifin Corporation from $200.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $165.00 price objective (up previously from $163.00) on shares of Parker-Hannifin Corporation in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $188.95.

A number of large investors have recently added to or reduced their stakes in PH. Jennison Associates LLC lifted its position in Parker-Hannifin Corporation by 28.5% in the 2nd quarter. Jennison Associates LLC now owns 6,026,440 shares of the industrial products company’s stock worth $963,146,000 after buying an additional 1,336,541 shares during the last quarter. Voya Investment Management LLC lifted its position in Parker-Hannifin Corporation by 1,175.0% in the 2nd quarter. Voya Investment Management LLC now owns 1,348,381 shares of the industrial products company’s stock worth $215,499,000 after buying an additional 1,242,624 shares during the last quarter. Koch Industries Inc. bought a new stake in Parker-Hannifin Corporation in the 2nd quarter worth approximately $521,000. PNC Financial Services Group Inc. lifted its position in Parker-Hannifin Corporation by 277.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 595,662 shares of the industrial products company’s stock worth $95,200,000 after buying an additional 438,035 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Parker-Hannifin Corporation by 2,611.4% in the 2nd quarter. Janus Henderson Group PLC now owns 453,585 shares of the industrial products company’s stock worth $72,493,000 after buying an additional 436,856 shares during the last quarter. Institutional investors own 78.35% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Parker-Hannifin Corporation (NYSE:PH)

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