Parker-Hannifin Co. (NYSE:PH) Shares Acquired by Dupont Capital Management Corp

Dupont Capital Management Corp lifted its stake in shares of Parker-Hannifin Co. (NYSE:PH) by 11.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,123 shares of the industrial products company’s stock after acquiring an additional 1,896 shares during the quarter. Dupont Capital Management Corp’s holdings in Parker-Hannifin were worth $12,163,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PH. Daymark Wealth Partners LLC boosted its holdings in Parker-Hannifin by 1.0% during the fourth quarter. Daymark Wealth Partners LLC now owns 24,072 shares of the industrial products company’s stock worth $15,310,000 after buying an additional 236 shares in the last quarter. Simon Quick Advisors LLC boosted its stake in Parker-Hannifin by 11.5% in the 4th quarter. Simon Quick Advisors LLC now owns 593 shares of the industrial products company’s stock worth $377,000 after purchasing an additional 61 shares during the period. Red Spruce Capital LLC acquired a new stake in shares of Parker-Hannifin during the 4th quarter valued at $341,000. Howard Capital Management Group LLC acquired a new stake in shares of Parker-Hannifin during the 4th quarter valued at $23,390,000. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Parker-Hannifin by 11.1% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 1,644 shares of the industrial products company’s stock valued at $1,046,000 after buying an additional 164 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Activity

In other Parker-Hannifin news, VP Thomas C. Gentile sold 2,430 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $701.16, for a total value of $1,703,818.80. Following the completion of the transaction, the vice president now directly owns 5,465 shares of the company’s stock, valued at approximately $3,831,839.40. The trade was a 30.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Joseph R. Leonti sold 5,877 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $631.04, for a total transaction of $3,708,622.08. Following the completion of the transaction, the vice president now directly owns 15,350 shares of the company’s stock, valued at approximately $9,686,464. This represents a 27.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,077 shares of company stock worth $12,303,829. Corporate insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PH shares. Stifel Nicolaus lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $691.00 target price for the company. in a research note on Monday, November 18th. TD Cowen raised their price target on shares of Parker-Hannifin from $520.00 to $575.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. KeyCorp raised their price target on shares of Parker-Hannifin from $725.00 to $775.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Mizuho raised their price target on shares of Parker-Hannifin from $665.00 to $715.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, Barclays lifted their target price on shares of Parker-Hannifin from $703.00 to $800.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $722.94.

Parker-Hannifin Price Performance

Shares of Parker-Hannifin stock opened at $674.15 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.57 and a current ratio of 0.96. The firm’s 50-day simple moving average is $669.77 and its 200-day simple moving average is $622.37. Parker-Hannifin Co. has a twelve month low of $463.16 and a twelve month high of $712.42. The firm has a market cap of $86.78 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 2.78 and a beta of 1.45.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, October 31st. The industrial products company reported $6.20 earnings per share for the quarter, beating the consensus estimate of $6.14 by $0.06. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the previous year, the business earned $5.96 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts expect that Parker-Hannifin Co. will post 26.73 EPS for the current fiscal year.

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 ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.