Parker-Hannifin Corporation (PH) Director Linda S. Harty Sells 3,491 Shares

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%.

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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.

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

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