Parker-Hannifin Corp (PH) Position Lowered by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its holdings in shares of Parker-Hannifin Corp (NYSE:PH) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,379 shares of the industrial products company’s stock after selling 5,056 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.09% of Parker-Hannifin worth $21,594,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Parker-Hannifin by 1.0% in the second quarter. Vanguard Group Inc. now owns 8,746,514 shares of the industrial products company’s stock worth $1,397,867,000 after buying an additional 90,732 shares during the period. BlackRock Inc. raised its stake in Parker-Hannifin by 3.6% during the 2nd quarter. BlackRock Inc. now owns 8,464,358 shares of the industrial products company’s stock valued at $1,352,775,000 after purchasing an additional 298,047 shares during the period. Jennison Associates LLC raised its stake in Parker-Hannifin by 28.5% during the 2nd quarter. Jennison Associates LLC now owns 6,026,440 shares of the industrial products company’s stock valued at $963,146,000 after purchasing an additional 1,336,541 shares during the period. Longview Partners Guernsey LTD raised its stake in Parker-Hannifin by 5.4% during the 3rd quarter. Longview Partners Guernsey LTD now owns 5,413,458 shares of the industrial products company’s stock valued at $947,463,000 after purchasing an additional 278,500 shares during the period. Finally, TIAA CREF Investment Management LLC raised its stake in Parker-Hannifin by 10.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,104,347 shares of the industrial products company’s stock valued at $336,317,000 after purchasing an additional 194,858 shares during the period. 78.24% of the stock is currently owned by institutional investors.

In other Parker-Hannifin news, Director Linda S. Harty sold 3,491 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $183.30, for a total transaction of $639,900.30. Following the completion of the transaction, the director now owns 9,727 shares of the company’s stock, valued at $1,782,959.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Candy M. Obourn sold 1,241 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $161.46, for a total value of $200,371.86. The disclosure for this sale can be found here. Insiders sold 24,320 shares of company stock worth $4,370,641 in the last 90 days. Company insiders own 1.12% of the company’s stock.

Several equities analysts have weighed in on the company. Morgan Stanley cut Parker-Hannifin from an “overweight” rating to an “equal weight” rating and set a $188.00 price target for the company. in a report on Monday, October 2nd. KeyCorp restated an “overweight” rating and set a $185.00 price target on shares of Parker-Hannifin in a report on Saturday, September 16th. Zacks Investment Research cut Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine cut Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Buckingham Research lifted their target price on Parker-Hannifin from $205.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. Parker-Hannifin presently has an average rating of “Buy” and an average price target of $188.95.

Parker-Hannifin Corp (NYSE:PH) traded up $2.02 on Thursday, hitting $186.33. The stock had a trading volume of 960,200 shares, compared to its average volume of 992,697. The company has a market cap of $24,554.90, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 1.66 and a beta of 1.40. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 0.87. Parker-Hannifin Corp has a 52-week low of $139.49 and a 52-week high of $190.00.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $2.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.22. Parker-Hannifin had a return on equity of 23.61% and a net margin of 8.37%. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the business earned $1.61 EPS. The firm’s revenue for the quarter was up 22.7% on a year-over-year basis. research analysts forecast that Parker-Hannifin Corp will post 9.56 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were paid a $0.66 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.42%. Parker-Hannifin’s payout ratio is 33.93%.

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About Parker-Hannifin

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

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