National Pension Service Boosts Position in Parker-Hannifin Corp (PH)

National Pension Service increased its stake in shares of Parker-Hannifin Corp (NYSE:PH) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 153,100 shares of the industrial products company’s stock after purchasing an additional 988 shares during the quarter. National Pension Service owned approximately 0.12% of Parker-Hannifin worth $28,160,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. First Hawaiian Bank acquired a new stake in Parker-Hannifin in the third quarter valued at approximately $125,000. Zions Bancorporation acquired a new stake in Parker-Hannifin in the third quarter valued at approximately $161,000. Signaturefd LLC lifted its stake in Parker-Hannifin by 48.3% in the second quarter. Signaturefd LLC now owns 1,108 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 361 shares during the last quarter. HighPoint Advisor Group LLC acquired a new stake in Parker-Hannifin in the third quarter valued at approximately $179,000. Finally, North Point Portfolio Managers Corp OH acquired a new stake in Parker-Hannifin in the third quarter valued at approximately $200,000. Institutional investors and hedge funds own 79.38% of the company’s stock.

A number of analysts have issued reports on PH shares. Stifel Nicolaus lifted their target price on shares of Parker-Hannifin from $200.00 to $212.00 and gave the company a “buy” rating in a research note on Monday, September 24th. Buckingham Research upgraded shares of Parker-Hannifin from a “neutral” rating to a “buy” rating in a research note on Friday, September 14th. Zacks Investment Research upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating and set a $187.00 target price for the company in a research note on Tuesday, October 16th. Morgan Stanley started coverage on shares of Parker-Hannifin in a research note on Monday, August 20th. They issued an “equal weight” rating and a $185.00 target price for the company. Finally, Deutsche Bank lifted their target price on shares of Parker-Hannifin from $176.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, September 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $186.72.

Shares of Parker-Hannifin stock opened at $151.02 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.60 and a debt-to-equity ratio of 0.71. Parker-Hannifin Corp has a 1-year low of $143.00 and a 1-year high of $212.80. The firm has a market capitalization of $19.99 billion, a PE ratio of 14.49, a PEG ratio of 1.16 and a beta of 1.56.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, November 1st. The industrial products company reported $2.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.53 by $0.31. Parker-Hannifin had a net margin of 7.98% and a return on equity of 25.49%. The business had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the previous year, the company earned $2.24 earnings per share. Parker-Hannifin’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, analysts anticipate that Parker-Hannifin Corp will post 11.61 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Friday, November 9th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Thursday, November 8th. Parker-Hannifin’s dividend payout ratio (DPR) is currently 29.17%.

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Parker-Hannifin Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.

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

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