AMF Pensionsforsakring AB held its position in Parker-Hannifin Corporation (NYSE:PH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,148 shares of the industrial products company’s stock at the end of the second quarter. AMF Pensionsforsakring AB owned 0.21% of Parker-Hannifin Corporation worth $45,555,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in PH. Oakbrook Investments LLC raised its stake in Parker-Hannifin Corporation by 251.6% in the second quarter. Oakbrook Investments LLC now owns 8,000 shares of the industrial products company’s stock worth $1,279,000 after buying an additional 5,725 shares in the last quarter. BTIM Corp. increased its position in Parker-Hannifin Corporation by 61.9% in the second quarter. BTIM Corp. now owns 3,925 shares of the industrial products company’s stock worth $627,000 after buying an additional 1,500 shares during the last quarter. Bedrijfstakpensioenfonds Voor DE Media PNO purchased a new position in Parker-Hannifin Corporation during the second quarter worth about $1,622,000. Aperio Group LLC increased its position in Parker-Hannifin Corporation by 6.4% in the second quarter. Aperio Group LLC now owns 84,317 shares of the industrial products company’s stock worth $13,476,000 after buying an additional 5,088 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Parker-Hannifin Corporation by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 8,300 shares of the industrial products company’s stock worth $1,327,000 after buying an additional 100 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors.
Parker-Hannifin Corporation (PH) opened at 157.02 on Friday. Parker-Hannifin Corporation has a 12-month low of $118.77 and a 12-month high of $167.50. The company has a market capitalization of $20.93 billion, a price-to-earnings ratio of 21.66 and a beta of 1.40. The stock 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 released its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $2.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.31 by $0.14. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.52 billion. Parker-Hannifin Corporation had a net margin of 8.18% and a return on equity of 22.90%. The firm’s revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business earned $1.90 earnings per share. On average, analysts expect that Parker-Hannifin Corporation will post $9.06 EPS for the current year.
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A number of research analysts have weighed in on PH shares. J P Morgan Chase & Co set a $175.00 target price on Parker-Hannifin Corporation and gave the stock a “buy” rating in a research note on Thursday, May 18th. Jefferies Group LLC reaffirmed a “sell” rating on shares of Parker-Hannifin Corporation in a report on Friday, April 14th. Barclays PLC reaffirmed an “equal weight” rating and issued a $148.00 price objective (down from $158.00) on shares of Parker-Hannifin Corporation in a report on Wednesday, April 19th. BMO Capital Markets reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Parker-Hannifin Corporation in a report on Thursday, April 20th. Finally, ValuEngine raised Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $168.69.
In related news, VP Martin C. Maxwell sold 2,850 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $160.08, for a total transaction of $456,228.00. Following the transaction, the vice president now directly owns 21,968 shares in the company, valued at $3,516,637.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John G. Dedinsky, Jr. sold 2,530 shares of Parker-Hannifin Corporation stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $160.98, for a total transaction of $407,279.40. Following the transaction, the vice president now directly 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 owned by company insiders.
About Parker-Hannifin Corporation
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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