Parker-Hannifin Corporation (NYSE:PH) Director Linda S. Harty sold 3,491 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $183.30, for a total transaction of $639,900.30. Following the completion of the sale, the director now directly owns 9,727 shares in the company, valued at approximately $1,782,959.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Parker-Hannifin Corporation (PH) traded up $0.56 during trading hours on Tuesday, hitting $182.90. 529,700 shares of the stock traded hands, compared to its average volume of 1,010,851. Parker-Hannifin Corporation has a one year low of $134.03 and a one year high of $189.83. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.95 and a current ratio of 1.44. The company has a market cap of $24,290.00, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 1.64 and a beta of 1.40.
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 Thomson Reuters’ consensus estimate 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 company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the firm posted $1.61 EPS. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. equities analysts forecast that Parker-Hannifin Corporation will post 9.57 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $2.64 annualized dividend and a dividend yield of 1.44%. Parker-Hannifin Corporation’s dividend payout ratio (DPR) is 33.89%.
Large investors have recently bought and sold shares of the company. IHT Wealth Management LLC boosted 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 valued at $119,000 after purchasing an additional 20 shares in the last quarter. Parallel Advisors LLC boosted 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 valued at $102,000 after purchasing an additional 24 shares in the last quarter. Israel Discount Bank of New York boosted 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 valued at $100,000 after purchasing an additional 150 shares in the last quarter. BT Investment Management Ltd bought a new position in shares of Parker-Hannifin Corporation during the 2nd quarter valued at about $124,000. Finally, Sun Life Financial INC boosted its position 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 valued at $157,000 after purchasing an additional 973 shares in the last quarter. Institutional investors own 78.35% of the company’s stock.
A number of analysts recently weighed in on the stock. Deutsche Bank AG increased their price objective on shares of Parker-Hannifin Corporation to $200.00 and gave the stock a “buy” rating in a report on Monday. Zacks Investment Research raised shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating and set a $208.00 price objective on the stock in a report on Tuesday, November 7th. BMO Capital Markets increased their price objective on shares of Parker-Hannifin Corporation from $200.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, November 6th. KeyCorp reaffirmed a “buy” rating and issued a $205.00 price objective on shares of Parker-Hannifin Corporation in a report on Friday, November 3rd. Finally, Citigroup Inc. increased their price objective on shares of Parker-Hannifin Corporation from $185.00 to $195.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. Parker-Hannifin Corporation has an average rating of “Buy” and an average target price of $188.95.
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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