Parker-Hannifin Co. (NYSE:PH) Shares Sold by Rothschild & Co. Asset Management US Inc.

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Rothschild & Co. Asset Management US Inc. trimmed its stake in shares of Parker-Hannifin Co. (NYSE:PH) by 22.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,585 shares of the industrial products company’s stock after selling 57,739 shares during the quarter. Rothschild & Co. Asset Management US Inc. owned about 0.15% of Parker-Hannifin worth $40,182,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. National Asset Management Inc. boosted its holdings in Parker-Hannifin by 5.9% in the 3rd quarter. National Asset Management Inc. now owns 1,893 shares of the industrial products company’s stock valued at $382,000 after purchasing an additional 105 shares during the period. LPL Financial LLC boosted its position in Parker-Hannifin by 40.9% during the third quarter. LPL Financial LLC now owns 17,319 shares of the industrial products company’s stock worth $3,504,000 after purchasing an additional 5,027 shares during the period. Quantitative Systematic Strategies LLC boosted its position in Parker-Hannifin by 58.1% during the third quarter. Quantitative Systematic Strategies LLC now owns 19,367 shares of the industrial products company’s stock worth $3,919,000 after purchasing an additional 7,115 shares during the period. Banco Santander S.A. boosted its position in Parker-Hannifin by 9.8% during the third quarter. Banco Santander S.A. now owns 5,584 shares of the industrial products company’s stock worth $1,130,000 after purchasing an additional 500 shares during the period. Finally, AMF Pensionsforsakring AB boosted its position in Parker-Hannifin by 16.0% during the third quarter. AMF Pensionsforsakring AB now owns 279,983 shares of the industrial products company’s stock worth $56,652,000 after purchasing an additional 38,571 shares during the period. 77.89% of the stock is owned by institutional investors.

Shares of Parker-Hannifin stock traded down $7.01 during trading on Tuesday, hitting $260.88. 14,023 shares of the stock traded hands, compared to its average volume of 1,208,043. The firm has a market cap of $34.50 billion, a P/E ratio of 28.90, a price-to-earnings-growth ratio of 1.76 and a beta of 1.65. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 1.25. Parker-Hannifin Co. has a 52-week low of $93.00 and a 52-week high of $269.80. The stock’s fifty day simple moving average is $222.86 and its 200 day simple moving average is $194.38.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, November 5th. The industrial products company reported $3.07 EPS for the quarter, beating the consensus estimate of $2.29 by $0.78. The firm had revenue of $3.23 billion for the quarter, compared to analyst estimates of $2.98 billion. Parker-Hannifin had a return on equity of 22.54% and a net margin of 8.81%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.76 earnings per share. As a group, equities analysts expect that Parker-Hannifin Co. will post 10.7 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 6th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.35%. The ex-dividend date is Thursday, November 5th. Parker-Hannifin’s dividend payout ratio is currently 32.62%.

A number of brokerages have weighed in on PH. Argus increased their target price on shares of Parker-Hannifin from $210.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, November 10th. BMO Capital Markets increased their target price on shares of Parker-Hannifin from $225.00 to $275.00 in a research report on Tuesday, November 10th. Wells Fargo & Company increased their target price on shares of Parker-Hannifin from $210.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, October 9th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Parker-Hannifin from $240.00 to $277.00 and gave the company a “buy” rating in a research report on Friday, November 6th. Finally, Morgan Stanley raised their price objective on shares of Parker-Hannifin from $245.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, November 6th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $227.07.

In other news, CEO Thomas L. Williams sold 9,396 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $213.48, for a total value of $2,005,858.08. Following the completion of the sale, the chief executive officer now directly owns 200,758 shares in the company, valued at $42,857,817.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Catherine A. Suever sold 1,745 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $213.42, for a total value of $372,417.90. Following the completion of the sale, the chief financial officer now owns 36,535 shares of the company’s stock, valued at $7,797,299.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,956 shares of company stock valued at $12,652,118. 1.47% of the stock is owned by company insiders.

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 through two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; 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; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.

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

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