Stevens Capital Management LP Has $455,000 Stock Holdings in Parker-Hannifin Co. (NYSE:PH)

Stevens Capital Management LP reduced its holdings in shares of Parker-Hannifin Co. (NYSE:PH - Free Report) by 53.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 720 shares of the industrial products company's stock after selling 831 shares during the quarter. Stevens Capital Management LP's holdings in Parker-Hannifin were worth $455,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PH. CVA Family Office LLC lifted its position in Parker-Hannifin by 3.9% during the 3rd quarter. CVA Family Office LLC now owns 425 shares of the industrial products company's stock worth $269,000 after acquiring an additional 16 shares in the last quarter. Sonoma Private Wealth LLC raised its stake in shares of Parker-Hannifin by 2.9% during the third quarter. Sonoma Private Wealth LLC now owns 667 shares of the industrial products company's stock valued at $421,000 after purchasing an additional 19 shares during the period. W Advisors LLC raised its stake in shares of Parker-Hannifin by 3.4% during the third quarter. W Advisors LLC now owns 581 shares of the industrial products company's stock valued at $367,000 after purchasing an additional 19 shares during the period. Simmons Bank lifted its position in shares of Parker-Hannifin by 0.7% during the third quarter. Simmons Bank now owns 2,753 shares of the industrial products company's stock worth $1,739,000 after purchasing an additional 19 shares in the last quarter. Finally, CFS Investment Advisory Services LLC boosted its stake in shares of Parker-Hannifin by 3.4% in the third quarter. CFS Investment Advisory Services LLC now owns 583 shares of the industrial products company's stock valued at $368,000 after purchasing an additional 19 shares during the period. Institutional investors and hedge funds own 82.44% of the company's stock.

Insider Activity

In other news, VP Joseph R. Leonti sold 5,877 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $631.04, for a total transaction of $3,708,622.08. Following the transaction, the vice president now directly owns 15,350 shares in the company, valued at $9,686,464. The trade was a 27.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jennifer A. Parmentier sold 4,906 shares of Parker-Hannifin stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $704.69, for a total value of $3,457,209.14. Following the sale, the chief executive officer now directly owns 33,607 shares of the company's stock, valued at approximately $23,682,516.83. The trade was a 12.74 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,077 shares of company stock worth $12,303,829. 0.39% of the stock is owned by corporate insiders.

Parker-Hannifin Price Performance

NYSE:PH traded up $1.36 during trading hours on Friday, reaching $696.07. 371,921 shares of the company's stock were exchanged, compared to its average volume of 634,709. The company has a market capitalization of $89.60 billion, a P/E ratio of 31.44, a price-to-earnings-growth ratio of 2.83 and a beta of 1.43. Parker-Hannifin Co. has a 12 month low of $431.98 and a 12 month high of $712.42. The business's 50-day simple moving average is $662.19 and its two-hundred day simple moving average is $589.65. 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 released its quarterly earnings results on Thursday, October 31st. The industrial products company reported $6.20 earnings per share for the quarter, beating analysts' consensus estimates of $6.14 by $0.06. The business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.90 billion. Parker-Hannifin had a return on equity of 27.95% and a net margin of 14.47%. Parker-Hannifin's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $5.96 EPS. Sell-side analysts expect that Parker-Hannifin Co. will post 26.77 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be given a $1.63 dividend. The ex-dividend date is Friday, November 8th. This represents a $6.52 annualized dividend and a dividend yield of 0.94%. Parker-Hannifin's dividend payout ratio (DPR) is presently 29.45%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Evercore ISI upped their target price on Parker-Hannifin from $620.00 to $656.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Parker-Hannifin from $595.00 to $645.00 and gave the company a "buy" rating in a report on Friday, August 9th. KeyCorp raised their price objective on shares of Parker-Hannifin from $725.00 to $775.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. StockNews.com upgraded shares of Parker-Hannifin from a "hold" rating to a "buy" rating in a research note on Saturday, October 12th. Finally, Argus increased their price target on shares of Parker-Hannifin from $650.00 to $710.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Parker-Hannifin currently has a consensus rating of "Moderate Buy" and a consensus target price of $704.88.

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.