Natixis Advisors LLC Increases Stock Holdings in Parker-Hannifin Co. (NYSE:PH)

Natixis Advisors LLC grew its position in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 186,168 shares of the industrial products company's stock after buying an additional 9,130 shares during the quarter. Natixis Advisors LLC owned 0.14% of Parker-Hannifin worth $117,625,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Mizuho Securities USA LLC raised its holdings in Parker-Hannifin by 3,566.4% during the third quarter. Mizuho Securities USA LLC now owns 363,302 shares of the industrial products company's stock worth $229,541,000 after purchasing an additional 353,393 shares in the last quarter. First Long Island Investors LLC boosted its stake in shares of Parker-Hannifin by 0.8% in the third quarter. First Long Island Investors LLC now owns 68,921 shares of the industrial products company's stock valued at $43,546,000 after buying an additional 525 shares in the last quarter. KCM Investment Advisors LLC grew its holdings in Parker-Hannifin by 6.6% during the third quarter. KCM Investment Advisors LLC now owns 2,617 shares of the industrial products company's stock worth $1,653,000 after acquiring an additional 163 shares during the period. Birchcreek Wealth Management LLC purchased a new position in Parker-Hannifin in the third quarter worth $222,000. Finally, Empowered Funds LLC boosted its position in shares of Parker-Hannifin by 13.5% during the 3rd quarter. Empowered Funds LLC now owns 2,499 shares of the industrial products company's stock worth $1,579,000 after purchasing an additional 298 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.

Parker-Hannifin Trading Up 0.2 %

Shares of PH stock traded up $1.28 during mid-day trading on Friday, hitting $698.91. 530,753 shares of the company's stock were exchanged, compared to its average volume of 645,390. The stock has a market cap of $89.96 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 2.85 and a beta of 1.43. The stock has a 50-day simple moving average of $636.19 and a two-hundred day simple moving average of $574.94. Parker-Hannifin Co. has a fifty-two week low of $425.20 and a fifty-two week 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 results on Thursday, October 31st. The industrial products company reported $6.20 EPS for the quarter, beating the consensus estimate of $6.14 by $0.06. Parker-Hannifin had a return on equity of 27.95% and a net margin of 14.47%. The company had revenue of $4.90 billion during the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter in the previous year, the business earned $5.96 EPS. The firm's revenue was up 1.2% on a year-over-year basis. Equities analysts expect that Parker-Hannifin Co. will post 26.77 EPS for the current fiscal 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 issued a $1.63 dividend. The ex-dividend date is Friday, November 8th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.93%. Parker-Hannifin's dividend payout ratio (DPR) is presently 29.45%.

Insider Buying and Selling at Parker-Hannifin

In related news, 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 in the company, valued at approximately $9,686,464. This trade represents a 27.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Berend Bracht sold 850 shares of Parker-Hannifin stock in a transaction that occurred 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 transaction, the vice president now directly owns 3,350 shares in the company, valued at approximately $1,986,282. This trade represents a 20.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,927 shares of company stock worth $12,807,811 in the last quarter. 0.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PH. TD Cowen increased 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. Deutsche Bank Aktiengesellschaft upped their price target on Parker-Hannifin from $595.00 to $645.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Raymond James boosted their target price on Parker-Hannifin from $610.00 to $650.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 4th. Argus raised their price target on Parker-Hannifin from $650.00 to $710.00 and gave the company a "buy" rating in a research report 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 research report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $688.07.

Parker-Hannifin Company 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.