Joseph R. Leonti Sells 5,279 Shares of Parker-Hannifin Corporation (PH) Stock

Parker-Hannifin Corporation (NYSE:PH) VP Joseph R. Leonti sold 5,279 shares of Parker-Hannifin Corporation stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $179.07, for a total transaction of $945,310.53. Following the completion of the sale, the vice president now owns 8,032 shares of the company’s stock, valued at $1,438,290.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Parker-Hannifin Corporation (NYSE:PH) opened at $182.34 on Friday. Parker-Hannifin Corporation has a 1-year low of $134.03 and a 1-year high of $189.83. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.44 and a quick ratio of 0.95. The company has a market cap of $24,290.00, a price-to-earnings ratio of 20.63, a PEG ratio of 1.62 and a beta of 1.40.

Parker-Hannifin Corporation (NYSE:PH) last released its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.22. The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.31 billion. Parker-Hannifin Corporation had a net margin of 8.37% and a return on equity of 23.61%. Parker-Hannifin Corporation’s revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.61 earnings per share. research analysts expect that Parker-Hannifin Corporation will post 9.55 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Thursday, November 9th. Parker-Hannifin Corporation’s payout ratio is 33.89%.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Parker-Hannifin Corporation by 1.0% during the second quarter. Vanguard Group Inc. now owns 8,746,514 shares of the industrial products company’s stock valued at $1,397,867,000 after purchasing an additional 90,732 shares in the last quarter. BlackRock Inc. raised its stake in Parker-Hannifin Corporation by 3.6% during the second 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 in the last quarter. Jennison Associates LLC raised its stake in Parker-Hannifin Corporation by 28.5% during the second 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 in the last quarter. Longview Partners Guernsey LTD raised its stake in Parker-Hannifin Corporation by 5.4% during the third 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 in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in Parker-Hannifin Corporation by 10.2% during the second 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 in the last quarter. 77.73% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on the stock. ValuEngine upgraded shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Credit Suisse Group boosted their target price on shares of Parker-Hannifin Corporation from $205.00 to $206.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. BMO Capital Markets restated a “buy” rating and set a $200.00 target price on shares of Parker-Hannifin Corporation in a research report on Friday, October 20th. Morgan Stanley lowered shares of Parker-Hannifin Corporation from an “overweight” rating to an “equal weight” rating and set a $188.00 target price for the company. in a research report on Monday, October 2nd. Finally, BidaskClub lowered shares of Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $188.37.

About Parker-Hannifin Corporation

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.

Insider Buying and Selling by Quarter for Parker-Hannifin Corporation (NYSE:PH)

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