Sei Investments Co. lowered its position in Parker-Hannifin Corp (NYSE:PH) by 2.4% in the second quarter, HoldingsChannel.com reports. The firm owned 79,812 shares of the industrial products company’s stock after selling 1,966 shares during the quarter. Sei Investments Co.’s holdings in Parker-Hannifin were worth $12,439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Marble Harbor Investment Counsel LLC lifted its position in shares of Parker-Hannifin by 2.7% during the 1st quarter. Marble Harbor Investment Counsel LLC now owns 12,005 shares of the industrial products company’s stock valued at $2,053,000 after acquiring an additional 312 shares during the period. Bbva Compass Bancshares Inc. lifted its position in shares of Parker-Hannifin by 1.0% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 31,180 shares of the industrial products company’s stock valued at $4,859,000 after acquiring an additional 318 shares during the period. Cambria Investment Management L.P. lifted its position in shares of Parker-Hannifin by 2.7% during the 1st quarter. Cambria Investment Management L.P. now owns 12,298 shares of the industrial products company’s stock valued at $2,103,000 after acquiring an additional 320 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Parker-Hannifin by 28.8% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,452 shares of the industrial products company’s stock valued at $248,000 after acquiring an additional 325 shares during the period. Finally, Summit Trail Advisors LLC lifted its position in shares of Parker-Hannifin by 20.0% during the 1st quarter. Summit Trail Advisors LLC now owns 2,066 shares of the industrial products company’s stock valued at $220,000 after acquiring an additional 345 shares during the period. Hedge funds and other institutional investors own 80.00% of the company’s stock.

A number of equities research analysts have recently issued reports on PH shares. Jefferies Financial Group reiterated a “$162.10” rating and set a $170.00 price target on shares of Parker-Hannifin in a research report on Wednesday, July 18th. Wells Fargo & Co reiterated a “buy” rating on shares of Parker-Hannifin in a research report on Tuesday, May 29th. BMO Capital Markets reiterated a “buy” rating and set a $190.00 price target on shares of Parker-Hannifin in a research report on Thursday, July 19th. Robert W. Baird set a $190.00 price target on shares of Parker-Hannifin and gave the company a “buy” rating in a research report on Thursday, August 2nd. Finally, Deutsche Bank set a $169.00 price target on shares of Parker-Hannifin and gave the company a “hold” rating in a research report on Thursday, July 12th. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $188.71.

Shares of PH opened at $169.57 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.59 and a quick ratio of 1.08. Parker-Hannifin Corp has a 1-year low of $152.47 and a 1-year high of $212.80. The company has a market cap of $22.34 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.31 and a beta of 1.42.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $3.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.91 by $0.31. Parker-Hannifin had a net margin of 7.42% and a return on equity of 24.77%. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same period last year, the company posted $2.45 EPS. The company’s revenue was up 9.2% on a year-over-year basis. sell-side analysts expect that Parker-Hannifin Corp will post 11.35 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Tuesday, August 28th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.79%. Parker-Hannifin’s dividend payout ratio (DPR) is 29.17%.

In other Parker-Hannifin news, VP Catherine A. Suever sold 2,148 shares of Parker-Hannifin stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $175.13, for a total value of $376,179.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kurt A. Keller sold 7,005 shares of Parker-Hannifin stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $182.04, for a total transaction of $1,275,190.20. Following the completion of the sale, the vice president now directly owns 31,834 shares of the company’s stock, valued at $5,795,061.36. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.

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

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