Banque Cantonale Vaudoise Sells 828 Shares of Parker-Hannifin Co. (NYSE:PH)

Banque Cantonale Vaudoise lessened its holdings in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 63.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 485 shares of the industrial products company's stock after selling 828 shares during the quarter. Banque Cantonale Vaudoise's holdings in Parker-Hannifin were worth $306,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Acadian Asset Management LLC lifted its position in Parker-Hannifin by 458.1% during the 1st quarter. Acadian Asset Management LLC now owns 3,354 shares of the industrial products company's stock worth $1,862,000 after acquiring an additional 2,753 shares in the last quarter. Edgestream Partners L.P. grew its holdings in Parker-Hannifin by 40.9% during the 1st quarter. Edgestream Partners L.P. now owns 981 shares of the industrial products company's stock valued at $545,000 after purchasing an additional 285 shares in the last quarter. Clearbridge Investments LLC boosted its position in Parker-Hannifin by 32.4% in the 1st quarter. Clearbridge Investments LLC now owns 2,650 shares of the industrial products company's stock valued at $1,473,000 after buying an additional 649 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Parker-Hannifin during the first quarter valued at about $38,000. Finally, CreativeOne Wealth LLC acquired a new position in shares of Parker-Hannifin in the 1st quarter valued at approximately $342,000. 82.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. TD Cowen upped their target price on shares of Parker-Hannifin from $520.00 to $575.00 and gave the company a "hold" rating in a research note on Tuesday, November 12th. UBS Group assumed coverage on shares of Parker-Hannifin in a research note on Wednesday, November 13th. They set a "buy" rating and a $842.00 target price for the company. KeyCorp raised their target price on shares of Parker-Hannifin from $725.00 to $775.00 and gave the stock an "overweight" rating in a report on Thursday. Stifel Nicolaus downgraded shares of Parker-Hannifin from a "buy" rating to a "hold" rating and set a $691.00 price objective on the stock. in a research report on Monday. Finally, Raymond James boosted their price target on shares of Parker-Hannifin from $610.00 to $650.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Parker-Hannifin currently has a consensus rating of "Moderate Buy" and an average target price of $691.40.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Thomas C. Gentile sold 2,430 shares of Parker-Hannifin stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $701.16, for a total transaction of $1,703,818.80. Following the transaction, the vice president now directly owns 5,465 shares in the company, valued at approximately $3,831,839.40. The trade was a 30.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Joseph R. Leonti sold 5,877 shares of Parker-Hannifin stock in a transaction that occurred on Friday, November 1st. The shares were 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 in the company, valued at approximately $9,686,464. The trade was a 27.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,927 shares of company stock valued at $12,807,811 over the last ninety days. 0.39% of the stock is owned by insiders.

Parker-Hannifin Stock Up 0.6 %

Shares of PH traded up $4.19 during mid-day trading on Friday, hitting $706.87. 562,025 shares of the company's stock were exchanged, compared to its average volume of 641,846. The stock has a market cap of $90.99 billion, a price-to-earnings ratio of 31.93, a P/E/G ratio of 2.78 and a beta of 1.43. The firm has a fifty day moving average of $647.32 and a two-hundred day moving average of $580.33. Parker-Hannifin Co. has a twelve month low of $426.49 and a twelve month high of $711.60. The company has a quick ratio of 0.57, a current ratio of 0.96 and a debt-to-equity ratio of 0.52.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $6.20 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 27.95% and a net margin of 14.47%. The firm's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.96 EPS. On average, sell-side analysts forecast that Parker-Hannifin Co. will post 26.77 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $6.52 dividend on an annualized basis and a yield of 0.92%. Parker-Hannifin's dividend payout ratio is 29.45%.

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.