Parker-Hannifin Corporation (NYSE:PH) Shares Bought by Bbva Compass Bancshares Inc.
Bbva Compass Bancshares Inc. boosted its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,916 shares of the industrial products company’s stock after buying an additional 884 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Parker-Hannifin Corporation were worth $4,941,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Harbour Capital Advisors LLC bought a new position in shares of Parker-Hannifin Corporation during the first quarter worth about $112,000. Quadrant Capital Group LLC raised its position in shares of Parker-Hannifin Corporation by 4.6% in the first quarter. Quadrant Capital Group LLC now owns 844 shares of the industrial products company’s stock worth $131,000 after buying an additional 37 shares during the period. TrimTabs Asset Management LLC raised its position in shares of Parker-Hannifin Corporation by 88.5% in the first quarter. TrimTabs Asset Management LLC now owns 852 shares of the industrial products company’s stock worth $137,000 after buying an additional 400 shares during the period. FNY Partners Fund LP bought a new position in shares of Parker-Hannifin Corporation during the first quarter worth about $160,000. Finally, Independent Portfolio Consultants Inc. raised its position in shares of Parker-Hannifin Corporation by 74.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,124 shares of the industrial products company’s stock worth $180,000 after buying an additional 479 shares during the period. 80.17% of the stock is currently owned by institutional investors.
Shares of Parker-Hannifin Corporation (NYSE:PH) traded up 0.81% during midday trading on Friday, hitting $157.02. 1,013,764 shares of the stock traded hands. The stock has a 50 day moving average of $162.43 and a 200 day moving average of $158.07. The company has a market capitalization of $20.93 billion, a P/E ratio of 21.66 and a beta of 1.40. Parker-Hannifin Corporation has a 1-year low of $118.77 and a 1-year high of $167.50.
Parker-Hannifin Corporation (NYSE:PH) last released its earnings results on Thursday, August 3rd. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.14. The company had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.52 billion. Parker-Hannifin Corporation had a return on equity of 22.90% and a net margin of 8.18%. Parker-Hannifin Corporation’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.90 EPS. Equities research analysts predict that Parker-Hannifin Corporation will post $9.06 earnings per share for the current fiscal year.
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A number of brokerages recently issued reports on PH. Stifel Nicolaus set a $198.00 target price on shares of Parker-Hannifin Corporation and gave the stock a “buy” rating in a research report on Friday, August 4th. BidaskClub lowered shares of Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Jefferies Group LLC reaffirmed a “hold” rating and set a $163.00 target price on shares of Parker-Hannifin Corporation in a research report on Thursday, August 3rd. Wolfe Research began coverage on shares of Parker-Hannifin Corporation in a research note on Tuesday, July 11th. They set an “outperform” rating and a $182.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $168.69.
In related news, VP Martin C. Maxwell sold 2,850 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $160.08, for a total value of $456,228.00. Following the sale, the vice president now directly owns 21,968 shares of the company’s stock, valued at $3,516,637.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John G. Dedinsky, Jr. sold 2,530 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $160.98, for a total value of $407,279.40. Following the completion of the sale, the vice president now directly owns 21,753 shares in the company, valued at $3,501,797.94. The disclosure for this sale can be found here. Corporate insiders own 2.73% of the company’s stock.
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.
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