Parker-Hannifin Corporation (NYSE:PH) – Research analysts at Jefferies Group boosted their Q1 2018 EPS estimates for Parker-Hannifin Corporation in a research note issued to investors on Thursday. Jefferies Group analyst S. Volkmann now expects that the industrial products company will post earnings of $2.05 per share for the quarter, up from their prior estimate of $1.95. Jefferies Group currently has a “Hold” rating and a $165.00 target price on the stock. Jefferies Group also issued estimates for Parker-Hannifin Corporation’s Q2 2018 earnings at $2.00 EPS and Q4 2018 earnings at $2.70 EPS.

A number of other analysts have also issued reports on the company. ValuEngine raised Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub lowered Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Stifel Nicolaus set a $198.00 target price on Parker-Hannifin Corporation and gave the company a “buy” rating in a research report on Friday, August 4th. KeyCorp reissued an “overweight” rating and issued a $185.00 target price on shares of Parker-Hannifin Corporation in a research report on Saturday, September 16th. Finally, Wolfe Research started coverage on Parker-Hannifin Corporation in a research report on Tuesday, July 11th. They issued an “outperform” rating and a $182.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $175.88.

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Shares of Parker-Hannifin Corporation (PH) traded up 0.31% on Friday, reaching $177.81. The company had a trading volume of 131,533 shares. Parker-Hannifin Corporation has a 1-year low of $118.77 and a 1-year high of $178.39. The company’s 50 day moving average price is $166.85 and its 200-day moving average price is $161.54. The stock has a market capitalization of $23.67 billion, a P/E ratio of 24.53 and a beta of 1.42.

Parker-Hannifin Corporation (NYSE:PH) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.14. Parker-Hannifin Corporation had a return on equity of 22.90% and a net margin of 8.18%. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the prior year, the firm earned $1.90 earnings per share. Parker-Hannifin Corporation’s revenue was up 18.2% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Monday, August 28th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.49%. Parker-Hannifin Corporation’s payout ratio is currently 36.51%.

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 completion of the transaction, the vice president now owns 31,718 shares in the company, valued at $5,254,721.06. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Joseph Scaminace sold 500 shares of the business’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $158.35, for a total transaction of $79,175.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,389 shares of company stock valued at $878,913. Insiders own 1.12% of the company’s stock.

Several hedge funds have recently modified their holdings of PH. Bronfman E.L. Rothschild L.P. boosted its stake in 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 acquiring an additional 15 shares in the last quarter. IHT Wealth Management LLC boosted its stake in Parker-Hannifin Corporation by 20.8% in the second quarter. IHT Wealth Management LLC now owns 116 shares of the industrial products company’s stock valued at $119,000 after acquiring an additional 20 shares in the last quarter. Parallel Advisors LLC boosted its stake in Parker-Hannifin Corporation by 4.1% in the second quarter. Parallel Advisors LLC now owns 612 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 24 shares in the last quarter. People s United Financial Inc. boosted its stake in Parker-Hannifin Corporation by 0.5% in 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 acquiring an additional 31 shares in the last quarter. Finally, Calamos Wealth Management LLC boosted its stake in Parker-Hannifin Corporation by 0.4% in 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 acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.

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.

Earnings History and Estimates for Parker-Hannifin Corporation (NYSE:PH)

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