Thomas C. Gentile Sells 326 Shares of Parker-Hannifin Corporation (PH) Stock

Parker-Hannifin Corporation (NYSE:PH) VP Thomas C. Gentile sold 326 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $181.89, for a total transaction of $59,296.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Parker-Hannifin Corporation (NYSE PH) opened at $179.67 on Wednesday. Parker-Hannifin Corporation has a twelve month low of $134.03 and a twelve month high of $189.83. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.87. The company has a market cap of $24,153.89, a price-to-earnings ratio of 20.82, a P/E/G ratio of 1.63 and a beta of 1.40.

Parker-Hannifin Corporation (NYSE:PH) last issued its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.22. Parker-Hannifin Corporation had a net margin of 8.37% and a return on equity of 23.61%. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the business posted $1.61 earnings per share. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. analysts predict that Parker-Hannifin Corporation will post 9.55 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a dividend of $0.66 per share. The ex-dividend date is Thursday, November 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.47%. Parker-Hannifin Corporation’s payout ratio is 33.93%.

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Several equities analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Parker-Hannifin Corporation from $188.00 to $195.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Robert W. Baird increased their price objective on shares of Parker-Hannifin Corporation from $183.00 to $194.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Jefferies Group LLC increased their price objective on shares of Parker-Hannifin Corporation from $175.00 to $185.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Buckingham Research increased their price objective on shares of Parker-Hannifin Corporation from $205.00 to $210.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Credit Suisse Group increased 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. Parker-Hannifin Corporation presently has an average rating of “Buy” and a consensus price target of $188.37.

Several large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC raised its holdings in shares of Parker-Hannifin Corporation by 154.0% during the third quarter. Cubist Systematic Strategies LLC now owns 6,820 shares of the industrial products company’s stock worth $1,194,000 after acquiring an additional 4,135 shares during the period. Highbridge Capital Management LLC acquired a new stake in shares of Parker-Hannifin Corporation during the third quarter worth $4,464,000. Chevy Chase Trust Holdings Inc. raised its holdings in shares of Parker-Hannifin Corporation by 1.2% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 116,394 shares of the industrial products company’s stock worth $20,372,000 after acquiring an additional 1,347 shares during the period. First Allied Advisory Services Inc. grew its position in Parker-Hannifin Corporation by 2.5% in the third quarter. First Allied Advisory Services Inc. now owns 15,985 shares of the industrial products company’s stock valued at $2,806,000 after purchasing an additional 389 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its position in Parker-Hannifin Corporation by 28.1% in the third quarter. Alyeska Investment Group L.P. now owns 603,491 shares of the industrial products company’s stock valued at $105,623,000 after purchasing an additional 132,381 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

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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