Parker-Hannifin Corp (NYSE:PH) VP Robert W. Malone sold 1,300 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $173.34, for a total value of $225,342.00. Following the completion of the sale, the vice president now directly owns 19,526 shares of the company’s stock, valued at $3,384,636.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Parker-Hannifin stock opened at $175.34 on Thursday. Parker-Hannifin Corp has a 1 year low of $140.82 and a 1 year high of $193.19. The firm has a market cap of $22.42 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 1.63 and a beta of 1.46. The company has a quick ratio of 1.01, a current ratio of 1.52 and a debt-to-equity ratio of 0.74.
Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, January 31st. The industrial products company reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.10. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.45 billion. Parker-Hannifin had a return on equity of 25.82% and a net margin of 9.69%. During the same quarter in the prior year, the company earned $2.15 EPS. Equities analysts expect that Parker-Hannifin Corp will post 11.65 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 8th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, February 7th. This represents a $3.04 annualized dividend and a dividend yield of 1.73%. Parker-Hannifin’s payout ratio is 29.17%.
A number of equities research analysts recently commented on PH shares. Wells Fargo & Co raised Parker-Hannifin from a “market perform” rating to an “outperform” rating and set a $193.00 price target for the company in a research report on Friday, November 2nd. Citigroup lowered their price target on Parker-Hannifin from $185.00 to $178.00 and set a “neutral” rating for the company in a research report on Friday, November 2nd. Morgan Stanley lowered their price target on Parker-Hannifin from $187.00 to $179.00 and set a “hold” rating for the company in a research report on Monday, November 5th. ValuEngine raised Parker-Hannifin from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. Finally, Barclays decreased their target price on Parker-Hannifin from $186.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, December 17th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company’s stock. Parker-Hannifin presently has an average rating of “Hold” and an average price target of $181.63.
Hedge funds have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Parker-Hannifin during the 4th quarter worth $26,000. First Mercantile Trust Co. grew its stake in shares of Parker-Hannifin by 58.3% during the 4th quarter. First Mercantile Trust Co. now owns 190 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 70 shares during the period. Athena Capital Advisors LLC bought a new position in shares of Parker-Hannifin during the 4th quarter worth $32,000. JOYN Advisors Inc. grew its stake in shares of Parker-Hannifin by 42.9% during the 4th quarter. JOYN Advisors Inc. now owns 250 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 75 shares during the period. Finally, CNB Bank grew its stake in shares of Parker-Hannifin by 39.3% during the 4th quarter. CNB Bank now owns 273 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 77 shares during the period. Institutional investors own 78.70% of the company’s stock.
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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.
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