Parker Hannifin (PH) VP Sells $100,736.10 in Stock

Parker Hannifin (NYSE:PH) VP Thomas C. Gentile sold 570 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $176.73, for a total value of $100,736.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Parker Hannifin opened at $179.09 on Friday, according to MarketBeat. The company has a quick ratio of 1.09, a current ratio of 1.59 and a debt-to-equity ratio of 0.82. Parker Hannifin has a 52-week low of $152.01 and a 52-week high of $212.80. The firm has a market capitalization of $23.81 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 1.53 and a beta of 1.44.

Parker Hannifin (NYSE:PH) last released its earnings results on Thursday, April 26th. The industrial products company reported $2.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.18. The company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Parker Hannifin had a return on equity of 23.63% and a net margin of 7.16%. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period last year, the firm earned $2.11 EPS. equities research analysts forecast that Parker Hannifin will post 10.08 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Thursday, May 10th will be paid a $0.76 dividend. This is a boost from Parker Hannifin’s previous quarterly dividend of $0.66. This represents a $3.04 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, May 9th. Parker Hannifin’s dividend payout ratio (DPR) is 37.48%.

Several research firms recently commented on PH. Zacks Investment Research downgraded Parker Hannifin from a “buy” rating to a “hold” rating in a research report on Monday, March 19th. Robert W. Baird upgraded Parker Hannifin from a “neutral” rating to an “outperform” rating and set a $203.00 target price for the company in a research report on Thursday, March 8th. Buckingham Research cut their price objective on Parker Hannifin from $210.00 to $195.00 and set a “hold” rating for the company in a research report on Friday, April 27th. JPMorgan Chase cut their price objective on Parker Hannifin from $210.00 to $199.00 and set an “overweight” rating for the company in a research report on Tuesday, April 10th. Finally, Citigroup cut their price objective on Parker Hannifin from $205.00 to $180.00 and set a “neutral” rating for the company in a research report on Monday, April 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $200.40.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PH. San Francisco Sentry Investment Group CA increased its stake in shares of Parker Hannifin by 139.3% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 579 shares of the industrial products company’s stock valued at $116,000 after buying an additional 337 shares during the period. Signaturefd LLC acquired a new stake in shares of Parker Hannifin in the 1st quarter valued at $128,000. Private Capital Group LLC increased its stake in shares of Parker Hannifin by 272.2% in the 1st quarter. Private Capital Group LLC now owns 882 shares of the industrial products company’s stock valued at $151,000 after buying an additional 645 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of Parker Hannifin in the 4th quarter valued at $197,000. Finally, Wagner Wealth Management LLC acquired a new stake in shares of Parker Hannifin in the 4th quarter valued at $198,000. 80.17% of the stock is owned by institutional investors.

Parker Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.

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

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