Parker-Hannifin Corp (PH) Director Joseph Scaminace Sells 1,000 Shares

Parker-Hannifin Corp (NYSE:PH) Director Joseph Scaminace sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $184.97, for a total transaction of $184,970.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Parker-Hannifin Corp (PH) traded down $0.61 during trading hours on Friday, hitting $184.02. 510,562 shares of the company’s stock were exchanged, compared to its average volume of 1,193,376. Parker-Hannifin Corp has a 1-year low of $151.17 and a 1-year high of $212.80. The stock has a market cap of $24,650.00, a PE ratio of 21.67, a P/E/G ratio of 1.59 and a beta of 1.31. The company has a quick ratio of 0.99, a current ratio of 1.49 and a debt-to-equity ratio of 0.87.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.08. Parker-Hannifin had a net margin of 6.54% and a return on equity of 23.15%. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period last year, the company posted $1.91 EPS. The business’s revenue was up 26.2% on a year-over-year basis. equities research analysts forecast that Parker-Hannifin Corp will post 9.95 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.43%. Parker-Hannifin’s payout ratio is currently 30.91%.

PH has been the subject of several research analyst reports. Zacks Investment Research raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating and set a $208.00 target price for the company in a research note on Tuesday, November 7th. BMO Capital Markets raised their target price on shares of Parker-Hannifin from $200.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, November 6th. Robert W. Baird raised their target price on shares of Parker-Hannifin from $183.00 to $194.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Cowen reaffirmed a “hold” rating and set a $155.00 target price on shares of Parker-Hannifin in a research note on Sunday, October 29th. Finally, Wells Fargo & Co raised their target price on shares of Parker-Hannifin from $205.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $202.06.

Several large investors have recently modified their holdings of the business. Emerald Advisers Inc. PA bought a new stake in shares of Parker-Hannifin in the 3rd quarter worth about $1,527,000. Cubist Systematic Strategies LLC lifted its holdings in shares of Parker-Hannifin by 154.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 6,820 shares of the industrial products company’s stock worth $1,194,000 after acquiring an additional 4,135 shares during the last quarter. IFM Investors Pty Ltd bought a new stake in shares of Parker-Hannifin in the 3rd quarter worth about $713,000. Private Advisor Group LLC lifted its holdings in shares of Parker-Hannifin by 58.2% in the 3rd quarter. Private Advisor Group LLC now owns 5,554 shares of the industrial products company’s stock worth $984,000 after acquiring an additional 2,043 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of Parker-Hannifin by 28.1% in the 3rd quarter. Alyeska Investment Group L.P. now owns 603,491 shares of the industrial products company’s stock worth $105,623,000 after acquiring an additional 132,381 shares during the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Parker-Hannifin Corp (PH) Director Joseph Scaminace Sells 1,000 Shares” was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://stocknewstimes.com/2018/02/16/parker-hannifin-corp-ph-director-joseph-scaminace-sells-1000-shares.html.

About Parker-Hannifin

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 (NYSE:PH)

Receive News & Ratings for Parker-Hannifin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parker-Hannifin and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply