Huntington National Bank Sells 20,455 Shares of Parker-Hannifin Co. (NYSE:PH)

Huntington National Bank lessened its stake in Parker-Hannifin Co. (NYSE:PH - Free Report) by 11.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,990 shares of the industrial products company's stock after selling 20,455 shares during the period. Huntington National Bank owned 0.13% of Parker-Hannifin worth $104,244,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PH. West Branch Capital LLC bought a new stake in shares of Parker-Hannifin during the third quarter worth approximately $25,000. Bangor Savings Bank boosted its position in shares of Parker-Hannifin by 238.5% in the 3rd quarter. Bangor Savings Bank now owns 44 shares of the industrial products company's stock worth $28,000 after purchasing an additional 31 shares during the last quarter. Addison Advisors LLC acquired a new stake in shares of Parker-Hannifin during the second quarter worth $25,000. Northwest Investment Counselors LLC bought a new stake in Parker-Hannifin in the third quarter valued at about $39,000. Finally, Fortitude Family Office LLC lifted its stake in Parker-Hannifin by 346.7% in the second quarter. Fortitude Family Office LLC now owns 67 shares of the industrial products company's stock valued at $34,000 after buying an additional 52 shares during the period. Institutional investors and hedge funds own 82.44% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. TD Cowen upped their price target on Parker-Hannifin from $520.00 to $575.00 and gave the company a "hold" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Parker-Hannifin from $595.00 to $645.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Robert W. Baird upped their price objective on shares of Parker-Hannifin from $695.00 to $710.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Argus lifted their target price on Parker-Hannifin from $650.00 to $710.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus increased their price target on Parker-Hannifin from $633.00 to $691.00 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Parker-Hannifin currently has an average rating of "Moderate Buy" and a consensus target price of $688.07.

Parker-Hannifin Stock Down 1.1 %

Shares of PH stock traded down $7.67 during trading on Thursday, reaching $698.79. The company's stock had a trading volume of 247,813 shares, compared to its average volume of 644,267. The company has a market cap of $89.95 billion, a price-to-earnings ratio of 31.91, a price-to-earnings-growth ratio of 2.82 and a beta of 1.43. Parker-Hannifin Co. has a one year low of $425.20 and a one year high of $711.60. The business has a fifty day moving average price of $631.19 and a 200-day moving average price of $573.08. 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 EPS for the quarter, topping analysts' consensus estimates of $6.14 by $0.06. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.90 billion. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $5.96 EPS. Analysts anticipate that Parker-Hannifin Co. will post 26.77 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Friday, November 8th. Parker-Hannifin's dividend payout ratio (DPR) is 29.45%.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Thomas C. Gentile sold 2,430 shares of the stock in a transaction on 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 sale, the vice president now owns 5,465 shares in the company, valued at $3,831,839.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Parker-Hannifin news, VP Berend Bracht sold 850 shares of Parker-Hannifin stock in a transaction on Monday, August 26th. The shares were sold at an average price of $592.92, for a total transaction of $503,982.00. Following the completion of the transaction, the vice president now directly owns 3,350 shares of the company's stock, valued at $1,986,282. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas C. Gentile sold 2,430 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $701.16, for a total transaction of $1,703,818.80. Following the completion of the transaction, the vice president now owns 5,465 shares in the company, valued at approximately $3,831,839.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,927 shares of company stock valued at $12,807,811 in the last 90 days. 0.39% of the stock is currently owned by insiders.

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.