Carderock Capital Management Inc. Has $12.42 Million Holdings in Parker-Hannifin Co. (NYSE:PH)

Carderock Capital Management Inc. decreased its position in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,653 shares of the industrial products company's stock after selling 1,252 shares during the period. Parker-Hannifin accounts for 2.9% of Carderock Capital Management Inc.'s investment portfolio, making the stock its 4th biggest holding. Carderock Capital Management Inc.'s holdings in Parker-Hannifin were worth $12,417,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PH. CVA Family Office LLC boosted its position in shares of Parker-Hannifin by 3.9% during the 3rd quarter. CVA Family Office LLC now owns 425 shares of the industrial products company's stock valued at $269,000 after acquiring an additional 16 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in shares of Parker-Hannifin by 2.3% in the 1st quarter. Fidelis Capital Partners LLC now owns 851 shares of the industrial products company's stock worth $473,000 after buying an additional 19 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in shares of Parker-Hannifin by 60.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 53 shares of the industrial products company's stock worth $29,000 after buying an additional 20 shares during the period. GoalVest Advisory LLC lifted its position in shares of Parker-Hannifin by 40.0% during the 1st quarter. GoalVest Advisory LLC now owns 70 shares of the industrial products company's stock worth $39,000 after buying an additional 20 shares during the period. Finally, American Trust grew its position in Parker-Hannifin by 3.2% in the first quarter. American Trust now owns 649 shares of the industrial products company's stock valued at $361,000 after acquiring an additional 20 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PH has been the subject of several analyst reports. KeyCorp lifted their price target on shares of Parker-Hannifin from $640.00 to $725.00 and gave the company an "overweight" rating in a report on Monday. TD Cowen boosted their target price on Parker-Hannifin from $500.00 to $520.00 and gave the stock a "hold" rating in a report on Wednesday, September 11th. Raymond James raised their price target on Parker-Hannifin from $610.00 to $650.00 and gave the company an "outperform" rating in a report on Wednesday, September 4th. Wells Fargo & Company increased their target price on Parker-Hannifin from $640.00 to $710.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. Finally, Barclays raised their target price on Parker-Hannifin from $650.00 to $703.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $660.57.

Parker-Hannifin Trading Up 0.4 %

Shares of Parker-Hannifin stock traded up $2.41 on Thursday, hitting $639.89. 537,663 shares of the company's stock traded hands, compared to its average volume of 638,436. Parker-Hannifin Co. has a one year low of $362.49 and a one year high of $646.60. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.93 and a quick ratio of 0.55. The stock has a market capitalization of $82.25 billion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 2.57 and a beta of 1.43. The firm's 50-day moving average price is $603.46 and its two-hundred day moving average price is $558.68.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its earnings results on Thursday, August 8th. The industrial products company reported $6.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.22 by $0.55. The firm had revenue of $5.19 billion for the quarter, compared to analysts' expectations of $5.08 billion. Parker-Hannifin had a return on equity of 29.08% and a net margin of 14.27%. The company's revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $6.08 earnings per share. On average, research analysts expect that Parker-Hannifin Co. will post 26.64 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 28th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.02%. Parker-Hannifin's payout ratio is presently 30.73%.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, Director Joseph Scaminace sold 1,751 shares of the business's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $589.73, for a total transaction of $1,032,617.23. Following the sale, the director now directly owns 3,900 shares of the company's stock, valued at $2,299,947. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other Parker-Hannifin news, VP Berend Bracht sold 850 shares of the company's 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 sale, the vice president now directly owns 3,350 shares of the company's stock, valued at approximately $1,986,282. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joseph Scaminace sold 1,751 shares of Parker-Hannifin stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $589.73, for a total transaction of $1,032,617.23. Following the completion of the transaction, the director now directly owns 3,900 shares of the company's stock, valued at approximately $2,299,947. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.03% of the stock is 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.