Marble Harbor Investment Counsel LLC lifted its stake in Parker-Hannifin Corp (NYSE:PH) by 3.1% during the 1st quarter, Holdings Channel reports. The firm owned 21,655 shares of the industrial products company’s stock after acquiring an additional 650 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Parker-Hannifin were worth $3,716,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PH. Legal & General Group Plc lifted its holdings in Parker-Hannifin by 6.3% during the fourth quarter. Legal & General Group Plc now owns 653,420 shares of the industrial products company’s stock worth $97,451,000 after acquiring an additional 38,840 shares in the last quarter. Longview Partners Guernsey LTD lifted its holdings in Parker-Hannifin by 41.6% during the fourth quarter. Longview Partners Guernsey LTD now owns 5,626,117 shares of the industrial products company’s stock worth $839,079,000 after acquiring an additional 1,653,011 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in Parker-Hannifin by 38.8% during the fourth quarter. Nuveen Asset Management LLC now owns 27,190 shares of the industrial products company’s stock worth $4,055,000 after acquiring an additional 7,598 shares in the last quarter. Boston Partners lifted its holdings in Parker-Hannifin by 3.0% during the fourth quarter. Boston Partners now owns 1,655,530 shares of the industrial products company’s stock worth $246,906,000 after acquiring an additional 48,681 shares in the last quarter. Finally, Sumitomo Life Insurance Co. lifted its holdings in Parker-Hannifin by 1.6% during the fourth quarter. Sumitomo Life Insurance Co. now owns 6,195 shares of the industrial products company’s stock worth $924,000 after acquiring an additional 98 shares in the last quarter. Institutional investors and hedge funds own 79.49% of the company’s stock.

In related news, VP Andrew M. Weeks sold 4,520 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $176.70, for a total value of $798,684.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Roger S. Sherrard sold 2,040 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $171.80, for a total value of $350,472.00. Following the completion of the sale, the vice president now owns 62,620 shares of the company’s stock, valued at $10,758,116. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,344 shares of company stock valued at $1,288,355. 1.12% of the stock is currently owned by corporate insiders.

Several research analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Parker-Hannifin from $171.00 to $182.00 and gave the stock a “hold” rating in a report on Tuesday, April 16th. Morgan Stanley set a $179.00 target price on Parker-Hannifin and gave the stock a “hold” rating in a report on Friday, May 3rd. Barclays lifted their price target on Parker-Hannifin from $178.00 to $186.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. Citigroup lifted their price target on Parker-Hannifin from $178.00 to $190.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. Finally, Vertical Research downgraded Parker-Hannifin from a “buy” rating to a “hold” rating and set a $175.00 price target on the stock. in a research note on Friday, February 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $182.35.

Shares of PH stock traded down $6.03 during trading on Thursday, hitting $157.86. The company had a trading volume of 197,882 shares, compared to its average volume of 1,066,507. The company has a current ratio of 1.56, a quick ratio of 1.07 and a debt-to-equity ratio of 0.71. The stock has a market cap of $21.03 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 1.56 and a beta of 1.46. Parker-Hannifin Corp has a one year low of $140.82 and a one year high of $193.19.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $3.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.16. The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Parker-Hannifin had a return on equity of 26.27% and a net margin of 10.04%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.80 earnings per share. Analysts forecast that Parker-Hannifin Corp will post 11.64 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 10th will be paid a $0.88 dividend. This is a boost from Parker-Hannifin’s previous quarterly dividend of $0.76. This represents a $3.52 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, May 9th. Parker-Hannifin’s payout ratio is 33.78%.

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About Parker-Hannifin

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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