Parker-Hannifin Corporation (NYSE:PH) VP Robert W. Malone sold 540 shares of Parker-Hannifin Corporation stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $186.37, for a total value of $100,639.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Parker-Hannifin Corporation (PH) traded up $3.39 during midday trading on Friday, reaching $185.38. The company’s stock had a trading volume of 825,843 shares, compared to its average volume of 698,857. The stock has a market cap of $24.92 billion, a P/E ratio of 21.48 and a beta of 1.40.

Parker-Hannifin Corporation (NYSE:PH) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $2.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.22. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.31 billion. Parker-Hannifin Corporation had a return on equity of 23.61% and a net margin of 8.37%. The business’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.61 EPS. analysts anticipate that Parker-Hannifin Corporation will post 9.22 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, November 9th. Parker-Hannifin Corporation’s dividend payout ratio (DPR) is 33.93%.

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A number of analysts have recently weighed in on PH shares. Stifel Nicolaus restated a “buy” rating and issued a $189.00 target price on shares of Parker-Hannifin Corporation in a research note on Friday, July 14th. ValuEngine upgraded Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Parker-Hannifin Corporation from a “hold” rating to a “buy” rating and set a $198.00 target price for the company in a research note on Tuesday, October 10th. KeyCorp restated a “buy” rating and issued a $200.00 target price on shares of Parker-Hannifin Corporation in a research note on Thursday, October 12th. Finally, Buckingham Research started coverage on Parker-Hannifin Corporation in a research note on Tuesday, October 17th. They issued a “buy” rating and a $205.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Parker-Hannifin Corporation has a consensus rating of “Buy” and a consensus target price of $186.79.

Large investors have recently bought and sold shares of the business. Israel Discount Bank of New York increased its position in shares of Parker-Hannifin Corporation by 31.6% during the 2nd quarter. Israel Discount Bank of New York now owns 625 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 150 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Parker-Hannifin Corporation by 4.1% during the 2nd quarter. Parallel Advisors LLC now owns 612 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 24 shares during the last quarter. IHT Wealth Management LLC increased its position in shares of Parker-Hannifin Corporation by 20.8% during the 2nd quarter. IHT Wealth Management LLC now owns 116 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 20 shares during the last quarter. BT Investment Management Ltd acquired a new position in shares of Parker-Hannifin Corporation during the 2nd quarter worth approximately $124,000. Finally, Sun Life Financial INC increased its holdings in shares of Parker-Hannifin Corporation by 8,108.3% during the 2nd quarter. Sun Life Financial INC now owns 985 shares of the industrial products company’s stock worth $157,000 after acquiring an additional 973 shares during the last quarter. 79.50% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Corporation 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 Corporation (NYSE:PH)

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