Sigma Planning Corp Acquires 3,688 Shares of Parker-Hannifin Co. (NYSE:PH)

Sigma Planning Corp increased its holdings in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 385.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,646 shares of the industrial products company's stock after acquiring an additional 3,688 shares during the period. Sigma Planning Corp's holdings in Parker-Hannifin were worth $2,936,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PH. International Assets Investment Management LLC grew its position in Parker-Hannifin by 64,081.5% during the 3rd quarter. International Assets Investment Management LLC now owns 381,880 shares of the industrial products company's stock worth $241,279,000 after acquiring an additional 381,285 shares during the last quarter. 1832 Asset Management L.P. raised its position in Parker-Hannifin by 305.0% in the 1st quarter. 1832 Asset Management L.P. now owns 307,794 shares of the industrial products company's stock worth $171,069,000 after purchasing an additional 231,788 shares during the last quarter. AMF Tjanstepension AB boosted its holdings in Parker-Hannifin by 23.0% in the second quarter. AMF Tjanstepension AB now owns 758,262 shares of the industrial products company's stock valued at $383,594,000 after acquiring an additional 141,862 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Parker-Hannifin by 107.7% during the 2nd quarter. Mackenzie Financial Corp now owns 271,717 shares of the industrial products company's stock worth $137,437,000 after buying an additional 140,898 shares during the period. Finally, Swedbank AB raised its position in shares of Parker-Hannifin by 377.8% during the 3rd quarter. Swedbank AB now owns 158,085 shares of the industrial products company's stock valued at $99,881,000 after acquiring an additional 125,000 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company's stock.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Thomas C. Gentile sold 2,430 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was 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 directly owns 5,465 shares in the company, valued at $3,831,839.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Parker-Hannifin news, VP Thomas C. Gentile sold 2,430 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $701.16, for a total value of $1,703,818.80. Following the transaction, the vice president now owns 5,465 shares of the company's stock, valued at approximately $3,831,839.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Andrew D. Ross sold 4,864 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $706.04, for a total transaction of $3,434,178.56. Following the transaction, the chief operating officer now directly owns 13,120 shares of the company's stock, valued at $9,263,244.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,678 shares of company stock worth $13,840,428. Insiders own 0.39% of the company's stock.

Parker-Hannifin Price Performance

Shares of PH traded up $12.57 during trading hours on Monday, hitting $708.15. 545,621 shares of the company were exchanged, compared to its average volume of 647,076. 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 Co. has a fifty-two week low of $415.97 and a fifty-two week high of $711.60. The company has a market cap of $91.15 billion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 2.80 and a beta of 1.43. The firm's fifty day moving average is $623.97 and its 200 day moving average is $569.99.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $6.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.14 by $0.06. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.90 billion. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $5.96 EPS. On average, equities analysts anticipate that Parker-Hannifin Co. will post 26.79 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently commented on PH shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Parker-Hannifin from $595.00 to $645.00 and gave the company a "buy" rating in a research report on Friday, August 9th. KeyCorp raised their price target on shares of Parker-Hannifin from $640.00 to $725.00 and gave the stock an "overweight" rating in a research note on Monday, October 14th. Stifel Nicolaus boosted their price objective on shares of Parker-Hannifin from $633.00 to $691.00 and gave the stock a "buy" rating in a research report on Wednesday, October 2nd. Evercore ISI raised their target price on shares of Parker-Hannifin from $620.00 to $656.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Finally, Barclays raised their price objective on Parker-Hannifin from $650.00 to $703.00 and gave the company an "overweight" rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $673.14.

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.