Public Employees Retirement System of Ohio Sells 8,098 Shares of Parker-Hannifin Corp (PH)

Public Employees Retirement System of Ohio trimmed its position in Parker-Hannifin Corp (NYSE:PH) by 10.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 71,646 shares of the industrial products company’s stock after selling 8,098 shares during the period. Public Employees Retirement System of Ohio owned about 0.05% of Parker-Hannifin worth $12,539,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Bessemer Group Inc. lifted its stake in shares of Parker-Hannifin by 79.8% in the 2nd quarter. Bessemer Group Inc. now owns 1,370 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 608 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Parker-Hannifin by 4.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 455,893 shares of the industrial products company’s stock valued at $72,861,000 after purchasing an additional 18,524 shares during the period. Legal & General Group Plc lifted its stake in shares of Parker-Hannifin by 4.3% in the 2nd quarter. Legal & General Group Plc now owns 693,834 shares of the industrial products company’s stock valued at $110,890,000 after purchasing an additional 28,443 shares during the period. BB&T Securities LLC lifted its stake in shares of Parker-Hannifin by 7.6% in the 2nd quarter. BB&T Securities LLC now owns 25,286 shares of the industrial products company’s stock valued at $4,040,000 after purchasing an additional 1,787 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Parker-Hannifin by 1.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 185,808 shares of the industrial products company’s stock valued at $29,696,000 after purchasing an additional 2,353 shares during the period. Hedge funds and other institutional investors own 78.04% of the company’s stock.

In other Parker-Hannifin news, VP Thomas C. Gentile sold 326 shares of Parker-Hannifin stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $181.89, for a total value of $59,296.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Andrew D. Ross sold 2,056 shares of Parker-Hannifin stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $192.14, for a total value of $395,039.84. Following the completion of the sale, the vice president now directly owns 5,207 shares in the company, valued at approximately $1,000,472.98. The disclosure for this sale can be found here. Insiders sold a total of 22,495 shares of company stock worth $4,127,941 in the last three months. Company insiders own 1.12% of the company’s stock.

A number of research firms have recently weighed in on PH. ValuEngine downgraded Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Buckingham Research increased their price target on Parker-Hannifin from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Credit Suisse Group increased their price target on Parker-Hannifin from $205.00 to $206.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Robert W. Baird increased their price target on Parker-Hannifin from $183.00 to $194.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Finally, Jefferies Group increased their price target on Parker-Hannifin from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $188.95.

Shares of Parker-Hannifin Corp (NYSE:PH) opened at $198.13 on Tuesday. The company has a market capitalization of $25,880.50, a price-to-earnings ratio of 22.30, a P/E/G ratio of 1.75 and a beta of 1.40. Parker-Hannifin Corp has a 12 month low of $139.49 and a 12 month high of $198.53. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.95 and a current ratio of 1.44.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $2.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.22. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.31 billion. Parker-Hannifin had a return on equity of 23.61% and a net margin of 8.37%. The firm’s revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 EPS. analysts expect that Parker-Hannifin Corp will post 9.56 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 10th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Thursday, November 9th. Parker-Hannifin’s dividend payout ratio is 33.93%.

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Parker-Hannifin 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.

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

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