Parker-Hannifin Corporation (PH) Holdings Lifted by TD Asset Management Inc.

TD Asset Management Inc. raised its holdings in Parker-Hannifin Corporation (NYSE:PH) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 245,806 shares of the industrial products company’s stock after acquiring an additional 14,697 shares during the period. TD Asset Management Inc. owned about 0.18% of Parker-Hannifin worth $43,021,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PH. Jennison Associates LLC grew its position in Parker-Hannifin by 28.5% in the second quarter. Jennison Associates LLC now owns 6,026,440 shares of the industrial products company’s stock valued at $963,146,000 after acquiring an additional 1,336,541 shares during the last quarter. Voya Investment Management LLC grew its position in Parker-Hannifin by 1,175.0% in the second quarter. Voya Investment Management LLC now owns 1,348,381 shares of the industrial products company’s stock valued at $215,499,000 after acquiring an additional 1,242,624 shares during the last quarter. Koch Industries Inc. bought a new position in Parker-Hannifin in the second quarter valued at about $521,000. PNC Financial Services Group Inc. grew its position in Parker-Hannifin by 277.9% in the second quarter. PNC Financial Services Group Inc. now owns 595,662 shares of the industrial products company’s stock valued at $95,200,000 after acquiring an additional 438,035 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Parker-Hannifin by 2,611.4% in the second quarter. Janus Henderson Group PLC now owns 453,585 shares of the industrial products company’s stock valued at $72,493,000 after acquiring an additional 436,856 shares during the last quarter. Hedge funds and other institutional investors own 78.35% of the company’s stock.

In other Parker-Hannifin news, VP Joseph R. Leonti sold 408 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $160.70, for a total value of $65,565.60. Following the transaction, the vice president now directly owns 7,318 shares of the company’s stock, valued at $1,176,002.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Linda S. Harty sold 3,491 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 9,727 shares in the company, valued at $1,782,959.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,328 shares of company stock worth $4,532,639. 1.12% of the stock is owned by insiders.

Parker-Hannifin Corporation (NYSE PH) traded down $1.33 during trading on Monday, hitting $183.28. The company had a trading volume of 211,700 shares, compared to its average volume of 1,003,091. 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 firm has a market capitalization of $24,417.66, a price-to-earnings ratio of 21.04, a P/E/G ratio of 1.65 and a beta of 1.40. Parker-Hannifin Corporation has a one year low of $134.03 and a one year high of $189.83.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data 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. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.31 billion. Parker-Hannifin had a return on equity of 23.61% and a net margin of 8.37%. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.61 earnings per share. analysts predict that Parker-Hannifin Corporation will post 9.56 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 paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Thursday, November 9th. Parker-Hannifin’s dividend payout ratio is currently 33.93%.

A number of research firms have issued reports on PH. Stifel Nicolaus set a $198.00 target price on Parker-Hannifin and gave the company a “buy” rating in a research report on Friday, August 4th. Robert W. Baird set a $163.00 price target on Parker-Hannifin and gave the company a “hold” rating in a research note on Thursday, August 24th. BidaskClub lowered Parker-Hannifin from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Zacks Investment Research lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, KeyCorp reissued a “buy” rating and set a $200.00 price target on shares of Parker-Hannifin in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $188.95.

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Parker-Hannifin 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.

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

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