Parker-Hannifin Corporation (PH) VP Sells $945,310.53 in Stock
Parker-Hannifin Corporation (NYSE:PH) VP Joseph R. Leonti sold 5,279 shares of Parker-Hannifin Corporation stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $179.07, for a total transaction of $945,310.53. Following the transaction, the vice president now directly owns 8,032 shares in the company, valued at $1,438,290.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Parker-Hannifin Corporation (NYSE PH) traded up $0.06 during trading hours on Thursday, reaching $179.73. The company’s stock had a trading volume of 982,000 shares, compared to its average volume of 1,015,432. The stock has a market capitalization of $24,270.00, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.62 and a beta of 1.40. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.44 and a quick ratio of 0.95. Parker-Hannifin Corporation has a fifty-two week low of $134.03 and a fifty-two week high of $189.83.
Parker-Hannifin Corporation (NYSE:PH) last posted its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $2.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.22. Parker-Hannifin Corporation had a return on equity of 23.61% and a net margin of 8.37%. The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the previous year, the firm earned $1.61 EPS. The business’s quarterly revenue was up 22.7% on a year-over-year basis. equities analysts forecast that Parker-Hannifin Corporation will post 9.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, November 9th. Parker-Hannifin Corporation’s dividend payout ratio (DPR) is presently 33.89%.
PH has been the topic of several recent research reports. Credit Suisse Group upped their price objective on shares of Parker-Hannifin Corporation from $205.00 to $206.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. BMO Capital Markets reiterated a “buy” rating and set a $200.00 price target on shares of Parker-Hannifin Corporation in a research report on Friday, October 20th. ValuEngine upgraded Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Citigroup Inc. upped their price objective on shares of Parker-Hannifin Corporation from $185.00 to $195.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Finally, Robert W. Baird restated a “hold” rating and issued a $183.00 price objective on shares of Parker-Hannifin Corporation in a research report on Friday, October 13th. One 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 stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $188.37.
Institutional investors and hedge funds have recently modified their holdings of the stock. Atria Investments LLC bought a new stake in Parker-Hannifin Corporation in the 2nd quarter worth approximately $214,000. Oregon Public Employees Retirement Fund increased its position in shares of Parker-Hannifin Corporation by 165.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 36,896 shares of the industrial products company’s stock valued at $5,897,000 after purchasing an additional 23,000 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Parker-Hannifin Corporation by 2.9% during the 2nd quarter. LS Investment Advisors LLC now owns 4,094 shares of the industrial products company’s stock valued at $654,000 after purchasing an additional 114 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Parker-Hannifin Corporation by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,300 shares of the industrial products company’s stock valued at $1,327,000 after purchasing an additional 100 shares during the last quarter. Finally, Aperio Group LLC increased its position in shares of Parker-Hannifin Corporation by 6.4% during the 2nd quarter. Aperio Group LLC now owns 84,317 shares of the industrial products company’s stock valued at $13,476,000 after purchasing an additional 5,088 shares during the last quarter. 77.73% of the stock is currently owned by 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.
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