Janus Henderson Group PLC Acquires 436,856 Shares of Parker-Hannifin Corporation (PH)

Janus Henderson Group PLC raised its holdings in Parker-Hannifin Corporation (NYSE:PH) by 2,611.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 453,585 shares of the industrial products company’s stock after purchasing an additional 436,856 shares during the period. Janus Henderson Group PLC owned 0.34% of Parker-Hannifin Corporation worth $72,493,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Parker-Hannifin Corporation by 1.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,306 shares of the industrial products company’s stock valued at $209,000 after purchasing an additional 15 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Parker-Hannifin Corporation by 4.1% during the second quarter. Parallel Advisors LLC now owns 612 shares of the industrial products company’s stock valued at $102,000 after buying an additional 24 shares during the period. People s United Financial Inc. lifted its stake in shares of Parker-Hannifin Corporation by 0.5% during the second quarter. People s United Financial Inc. now owns 6,079 shares of the industrial products company’s stock valued at $972,000 after buying an additional 31 shares during the period. Calamos Wealth Management LLC lifted its stake in shares of Parker-Hannifin Corporation by 0.4% during the second quarter. Calamos Wealth Management LLC now owns 8,144 shares of the industrial products company’s stock valued at $1,302,000 after buying an additional 34 shares during the period. Finally, Geneva Advisors LLC lifted its stake in shares of Parker-Hannifin Corporation by 0.7% during the second quarter. Geneva Advisors LLC now owns 5,476 shares of the industrial products company’s stock valued at $875,000 after buying an additional 38 shares during the period. 79.72% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating and set a $198.00 price objective on the stock in a research note on Tuesday. ValuEngine downgraded shares of Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company upped their price objective on shares of Parker-Hannifin Corporation from $181.50 to $196.00 and gave the company a “market perform” rating in a research note on Friday, October 6th. Cowen and Company reissued a “hold” rating and set a $140.00 price objective on shares of Parker-Hannifin Corporation in a research note on Friday, October 6th. Finally, Morgan Stanley downgraded shares of Parker-Hannifin Corporation from an “overweight” rating to an “equal weight” rating and set a $188.00 price objective on the stock. in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $177.18.

Shares of Parker-Hannifin Corporation (NYSE:PH) opened at 177.89 on Thursday. Parker-Hannifin Corporation has a 12-month low of $118.77 and a 12-month high of $178.50. The firm has a market capitalization of $23.68 billion, a price-to-earnings ratio of 24.54 and a beta of 1.42. The company’s 50-day moving average is $169.27 and its 200-day moving average is $162.15.

Parker-Hannifin Corporation (NYSE:PH) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $2.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.31 by $0.14. Parker-Hannifin Corporation had a net margin of 8.18% and a return on equity of 22.90%. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same period in the previous year, the company earned $1.90 earnings per share. Parker-Hannifin Corporation’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, equities analysts forecast that Parker-Hannifin Corporation will post $9.11 earnings per share for the current fiscal year.

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In related news, VP Martin C. Maxwell sold 2,640 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $165.67, for a total transaction of $437,368.80. Following the transaction, the vice president now owns 31,718 shares of the company’s stock, valued at $5,254,721.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Joseph R. Leonti sold 408 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $160.70, for a total transaction of $65,565.60. Following the transaction, the vice president now directly owns 7,318 shares in the company, valued at approximately $1,176,002.60. The disclosure for this sale can be found here. Insiders sold 5,389 shares of company stock valued at $878,913 over the last 90 days. 1.12% of the stock is owned by corporate 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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Institutional Ownership by Quarter for Parker-Hannifin Corporation (NYSE:PH)

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