Parker-Hannifin Corp (NYSE:PH) Director Candy M. Obourn sold 1,241 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $161.46, for a total value of $200,371.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Parker-Hannifin Corp (PH) traded up 1.55% during trading on Friday, hitting $161.33. The stock had a trading volume of 610,414 shares. Parker-Hannifin Corp has a 1-year low of $118.77 and a 1-year high of $167.50. The company has a market capitalization of $21.48 billion, a P/E ratio of 22.25 and a beta of 1.41. The firm has a 50-day moving average of $160.82 and a 200 day moving average of $159.25.

Parker-Hannifin Corp (NYSE:PH) last released its earnings results on Thursday, August 3rd. The industrial products company reported $2.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.14. Parker-Hannifin Corp had a net margin of 8.39% and a return on equity of 23.52%. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the prior year, the firm earned $1.90 EPS. The company’s revenue was up 18.2% compared to the same quarter last year. Equities research analysts predict that Parker-Hannifin Corp will post $9.08 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Monday, August 28th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, August 24th. Parker-Hannifin Corp’s dividend payout ratio is currently 36.51%.

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Several institutional investors have recently added to or reduced their stakes in PH. BlackRock Inc. grew its position in shares of Parker-Hannifin Corp by 2,619.0% during the 1st quarter. BlackRock Inc. now owns 8,166,311 shares of the industrial products company’s stock valued at $1,309,223,000 after acquiring an additional 7,865,974 shares during the period. FMR LLC grew its position in shares of Parker-Hannifin Corp by 1,163.3% during the 1st quarter. FMR LLC now owns 1,754,907 shares of the industrial products company’s stock valued at $281,346,000 after acquiring an additional 1,615,987 shares during the period. Jennison Associates LLC grew its position in shares of Parker-Hannifin Corp by 28.5% during the 2nd quarter. Jennison Associates LLC now owns 6,026,440 shares of the industrial products company’s stock valued at $963,146,000 after acquiring an additional 1,336,541 shares during the period. Voya Investment Management LLC grew its position in shares of Parker-Hannifin Corp by 1,175.0% during the 2nd quarter. Voya Investment Management LLC now owns 1,348,381 shares of the industrial products company’s stock valued at $215,499,000 after acquiring an additional 1,242,624 shares during the period. Finally, Koch Industries Inc. bought a new position in shares of Parker-Hannifin Corp during the 2nd quarter valued at approximately $521,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on PH shares. Jefferies Group LLC set a $163.00 price target on Parker-Hannifin Corp and gave the company a “hold” rating in a research note on Wednesday, June 28th. BidaskClub downgraded Parker-Hannifin Corp from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Stifel Nicolaus reissued a “buy” rating and issued a $176.00 price target on shares of Parker-Hannifin Corp in a research note on Thursday, July 6th. J P Morgan Chase & Co set a $175.00 price target on Parker-Hannifin Corp and gave the company a “buy” rating in a research note on Thursday, May 18th. Finally, ValuEngine raised Parker-Hannifin Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the stock. Parker-Hannifin Corp currently has a consensus rating of “Buy” and an average target price of $172.06.

Parker-Hannifin Corp Company 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.

Insider Buying and Selling by Quarter for Parker-Hannifin Corp (NYSE:PH)

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