Parker-Hannifin Corp (NYSE:PH) Director Joseph Scaminace sold 1,149 shares of Parker-Hannifin stock in a transaction on Monday, February 26th. The shares were sold at an average price of $184.24, for a total transaction of $211,691.76. Following the completion of the sale, the director now directly owns 14,189 shares in the company, valued at approximately $2,614,181.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Joseph Scaminace also recently made the following trade(s):
- On Thursday, February 15th, Joseph Scaminace sold 1,000 shares of Parker-Hannifin stock. The shares were sold at an average price of $184.97, for a total transaction of $184,970.00.
Shares of Parker-Hannifin Corp (NYSE:PH) opened at $181.89 on Wednesday. Parker-Hannifin Corp has a one year low of $151.17 and a one year high of $212.80. The company has a current ratio of 1.49, a quick ratio of 0.99 and a debt-to-equity ratio of 0.87. The stock has a market cap of $24,687.15, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 1.60 and a beta of 1.31.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Thursday, February 8th. This represents a $2.64 annualized dividend and a dividend yield of 1.45%. Parker-Hannifin’s dividend payout ratio is presently 41.19%.
A number of equities research analysts recently issued reports on PH shares. Deutsche Bank lifted their price target on shares of Parker-Hannifin to $200.00 and gave the company a “buy” rating in a research note on Monday, November 20th. Zacks Investment Research raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating and set a $208.00 price target on the stock in a research note on Tuesday, November 7th. KeyCorp reissued a “buy” rating and issued a $205.00 price target on shares of Parker-Hannifin in a research note on Friday, November 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $210.00 price target on shares of Parker-Hannifin in a research note on Friday, November 3rd. Finally, Buckingham Research lifted their price target on shares of Parker-Hannifin from $205.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $202.06.
Several hedge funds and other institutional investors have recently bought and sold shares of PH. Chemical Bank purchased a new stake in Parker-Hannifin in the 4th quarter valued at about $206,000. Cambridge Investment Research Advisors Inc. grew its position in Parker-Hannifin by 11.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 4,164 shares of the industrial products company’s stock valued at $831,000 after acquiring an additional 411 shares in the last quarter. Wagner Wealth Management LLC acquired a new position in Parker-Hannifin in the 4th quarter valued at about $198,000. Xact Kapitalforvaltning AB grew its position in Parker-Hannifin by 7.5% in the 4th quarter. Xact Kapitalforvaltning AB now owns 24,909 shares of the industrial products company’s stock valued at $4,971,000 after acquiring an additional 1,745 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Parker-Hannifin by 37.0% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 115,166 shares of the industrial products company’s stock valued at $22,985,000 after acquiring an additional 31,087 shares in the last quarter. Institutional investors and hedge funds own 78.42% of the company’s stock.
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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