Parker-Hannifin Corp (PH) Shares Bought by National Pension Service

National Pension Service lifted its holdings in shares of Parker-Hannifin Corp (NYSE:PH) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 139,370 shares of the industrial products company’s stock after acquiring an additional 5,071 shares during the quarter. National Pension Service owned 0.10% of Parker-Hannifin worth $27,815,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. MU Investments Co. Ltd. purchased a new stake in Parker-Hannifin in the fourth quarter worth $5,737,000. Central Bank & Trust Co. increased its position in Parker-Hannifin by 10,994.5% in the fourth quarter. Central Bank & Trust Co. now owns 18,195 shares of the industrial products company’s stock worth $3,632,000 after buying an additional 18,031 shares during the last quarter. Bank of Montreal Can increased its position in Parker-Hannifin by 61.8% in the fourth quarter. Bank of Montreal Can now owns 440,046 shares of the industrial products company’s stock worth $87,823,000 after buying an additional 168,013 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Parker-Hannifin by 4.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 46,770 shares of the industrial products company’s stock worth $9,334,000 after buying an additional 2,132 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its position in Parker-Hannifin by 227.9% in the fourth quarter. First Citizens Bank & Trust Co. now owns 7,922 shares of the industrial products company’s stock worth $1,581,000 after buying an additional 5,506 shares during the last quarter. 78.05% of the stock is owned by institutional investors.

A number of research firms have issued reports on PH. Zacks Investment Research raised Parker-Hannifin from a “hold” rating to a “buy” rating and set a $236.00 target price for the company in a research report on Thursday. Wells Fargo & Co raised their target price on Parker-Hannifin from $205.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday. Buckingham Research downgraded Parker-Hannifin to a “neutral” rating in a research report on Friday. They noted that the move was a valuation call. Stifel Nicolaus reissued a “buy” rating and issued a $245.00 target price (up from $218.00) on shares of Parker-Hannifin in a research report on Tuesday. Finally, Cowen reissued a “hold” rating and issued a $180.00 target price on shares of Parker-Hannifin in a research report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. Parker-Hannifin presently has an average rating of “Buy” and an average price target of $198.21.

In related news, VP Andrew D. Ross sold 2,056 shares of Parker-Hannifin stock in a transaction on Friday, December 8th. The stock was sold at an average price of $192.14, for a total transaction of $395,039.84. Following the completion of the sale, the vice president now owns 5,207 shares of the company’s stock, valued at $1,000,472.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Linda S. Harty sold 3,491 shares of Parker-Hannifin stock in a transaction on Monday, November 20th. The shares were sold at an average price of $183.30, for a total value of $639,900.30. Following the sale, the director now directly owns 9,727 shares of the company’s stock, valued at approximately $1,782,959.10. The disclosure for this sale can be found here. Insiders sold 22,495 shares of company stock valued at $4,127,941 over the last ninety days. Corporate insiders own 1.12% of the company’s stock.

Parker-Hannifin Corp (PH) opened at $210.54 on Friday. Parker-Hannifin Corp has a twelve month low of $141.06 and a twelve month high of $212.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.44 and a quick ratio of 0.95. The company has a market capitalization of $28,084.06, a price-to-earnings ratio of 27.06, a PEG ratio of 1.87 and a beta of 1.40.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $2.24 EPS for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.22. Parker-Hannifin had a return on equity of 23.61% and a net margin of 8.37%. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the company earned $1.61 earnings per share. The business’s revenue for the quarter was up 22.7% on a year-over-year basis. research analysts anticipate that Parker-Hannifin Corp will post 9.68 EPS for the current fiscal year.

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Parker-Hannifin 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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Institutional Ownership by Quarter for Parker-Hannifin (NYSE:PH)

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