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%.

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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.

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

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