Dupont Capital Management Corp Raises Stock Position in Parker-Hannifin Co. (NYSE:PH)

Dupont Capital Management Corp grew its position in Parker-Hannifin Co. (NYSE:PH - Free Report) by 35.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,227 shares of the industrial products company's stock after buying an additional 4,467 shares during the period. Dupont Capital Management Corp's holdings in Parker-Hannifin were worth $10,884,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PH. TD Asset Management Inc boosted its stake in Parker-Hannifin by 152.1% in the 1st quarter. TD Asset Management Inc now owns 132,231 shares of the industrial products company's stock worth $73,493,000 after purchasing an additional 79,774 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Parker-Hannifin by 8.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 22,960 shares of the industrial products company's stock worth $12,761,000 after purchasing an additional 1,802 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in Parker-Hannifin by 261.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 2,515 shares of the industrial products company's stock worth $1,397,000 after purchasing an additional 1,819 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Parker-Hannifin by 54.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 17,165 shares of the industrial products company's stock worth $9,540,000 after purchasing an additional 6,029 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Parker-Hannifin by 16.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 42,523 shares of the industrial products company's stock valued at $23,634,000 after acquiring an additional 6,013 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 transaction, the director now owns 3,900 shares of the company's stock, valued at approximately $2,299,947. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Parker-Hannifin news, VP Berend Bracht sold 850 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $592.92, for a total value of $503,982.00. Following the transaction, the vice president now owns 3,350 shares of the company's stock, valued at $1,986,282. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Joseph Scaminace sold 1,751 shares of the company'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 completion of the transaction, the director now directly owns 3,900 shares in the company, valued at $2,299,947. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company's stock.

Parker-Hannifin Price Performance

NYSE PH traded up $0.42 on Wednesday, hitting $629.70. The company had a trading volume of 520,430 shares, compared to its average volume of 636,213. The company has a market capitalization of $81.02 billion, a PE ratio of 28.90, a PEG ratio of 2.60 and a beta of 1.43. The company's fifty day moving average price is $609.91 and its 200-day moving average price is $561.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.93 and a quick ratio of 0.55. Parker-Hannifin Co. has a 12-month low of $362.49 and a 12-month high of $646.60.

Parker-Hannifin (NYSE:PH - Get Free Report) last released 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. Parker-Hannifin had a net margin of 14.27% and a return on equity of 29.08%. The business had revenue of $5.19 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same quarter in the prior year, the firm earned $6.08 earnings per share. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, analysts predict that Parker-Hannifin Co. will post 26.68 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Wednesday, August 28th were given a dividend of $1.63 per share. The ex-dividend date was Wednesday, August 28th. This represents a $6.52 annualized dividend and a dividend yield of 1.04%. Parker-Hannifin's payout ratio is 29.92%.

Analyst Ratings Changes

Several analysts have commented on PH shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Parker-Hannifin from $595.00 to $645.00 and gave the company a "buy" rating in a research note on Friday, August 9th. Barclays lifted their target price on shares of Parker-Hannifin from $650.00 to $703.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. Evercore ISI lifted their target price on shares of Parker-Hannifin from $620.00 to $656.00 and gave the company an "outperform" rating in a report on Monday, August 19th. KeyCorp lifted their target price on shares of Parker-Hannifin from $640.00 to $725.00 and gave the company an "overweight" rating in a report on Monday, October 14th. Finally, Mizuho lifted their target price on shares of Parker-Hannifin from $665.00 to $715.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $660.57.

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.