2,778 Shares in Parker-Hannifin Co. (NYSE:PH) Purchased by Unigestion Holding SA

Unigestion Holding SA purchased a new position in Parker-Hannifin Co. (NYSE:PH - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,778 shares of the industrial products company's stock, valued at approximately $1,755,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CVA Family Office LLC boosted its holdings in shares of Parker-Hannifin by 3.9% in the third quarter. CVA Family Office LLC now owns 425 shares of the industrial products company's stock worth $269,000 after acquiring an additional 16 shares during the period. Sonoma Private Wealth LLC increased its position in shares of Parker-Hannifin by 2.9% during the third quarter. Sonoma Private Wealth LLC now owns 667 shares of the industrial products company's stock valued at $421,000 after buying an additional 19 shares during the period. W Advisors LLC increased its position in shares of Parker-Hannifin by 3.4% during the third quarter. W Advisors LLC now owns 581 shares of the industrial products company's stock valued at $367,000 after buying an additional 19 shares during the period. Simmons Bank boosted its position in shares of Parker-Hannifin by 0.7% in the third quarter. Simmons Bank now owns 2,753 shares of the industrial products company's stock valued at $1,739,000 after acquiring an additional 19 shares during the period. Finally, CFS Investment Advisory Services LLC grew its stake in Parker-Hannifin by 3.4% during the third quarter. CFS Investment Advisory Services LLC now owns 583 shares of the industrial products company's stock valued at $368,000 after acquiring an additional 19 shares in the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Jennifer A. Parmentier sold 4,906 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $704.69, for a total transaction of $3,457,209.14. Following the completion of the transaction, the chief executive officer now directly owns 33,607 shares of the company's stock, valued at approximately $23,682,516.83. This represents a 12.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph R. Leonti sold 5,877 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $631.04, for a total value of $3,708,622.08. Following the transaction, the vice president now owns 15,350 shares of the company's stock, valued at $9,686,464. This represents a 27.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,077 shares of company stock valued at $12,303,829. Company insiders own 0.39% of the company's stock.

Parker-Hannifin Stock Performance

Shares of PH traded up $8.16 during trading hours on Wednesday, hitting $686.09. The stock had a trading volume of 702,027 shares, compared to its average volume of 635,149. The firm has a market capitalization of $88.31 billion, a PE ratio of 31.01, a PEG ratio of 2.81 and a beta of 1.44. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.57. Parker-Hannifin Co. has a 12 month low of $435.77 and a 12 month high of $712.42. The stock has a fifty day moving average price of $665.49 and a 200 day moving average price of $593.46.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its earnings results on Thursday, October 31st. The industrial products company reported $6.20 EPS for the quarter, beating analysts' consensus estimates of $6.14 by $0.06. The business had revenue of $4.90 billion during the quarter, compared to analysts' expectations of $4.90 billion. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. The firm's revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $5.96 earnings per share. Analysts anticipate that Parker-Hannifin Co. will post 26.77 EPS for the current year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, November 8th. Parker-Hannifin's dividend payout ratio (DPR) is 29.45%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. UBS Group assumed coverage on Parker-Hannifin in a report on Wednesday, November 13th. They set a "buy" rating and a $842.00 price objective on the stock. Raymond James upped their target price on Parker-Hannifin from $610.00 to $650.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 4th. Argus lifted their price target on shares of Parker-Hannifin from $650.00 to $710.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, Mizuho boosted their price objective on shares of Parker-Hannifin from $665.00 to $715.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $704.88.

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.