Wilmington Savings Fund Society FSB Buys 5,817 Shares of Parker-Hannifin Co. (NYSE:PH)

Wilmington Savings Fund Society FSB boosted its holdings in Parker-Hannifin Co. (NYSE:PH - Free Report) by 176.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,108 shares of the industrial products company's stock after purchasing an additional 5,817 shares during the period. Wilmington Savings Fund Society FSB's holdings in Parker-Hannifin were worth $5,755,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its holdings in Parker-Hannifin by 13.8% during the 3rd quarter. State Street Corp now owns 6,202,235 shares of the industrial products company's stock worth $3,918,696,000 after buying an additional 753,143 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Parker-Hannifin by 39.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,977,849 shares of the industrial products company's stock worth $1,249,645,000 after buying an additional 564,365 shares during the last quarter. International Assets Investment Management LLC lifted its holdings 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 buying an additional 381,285 shares during the last quarter. World Investment Advisors LLC bought a new position in Parker-Hannifin during the 3rd quarter worth approximately $226,570,000. Finally, Mizuho Securities USA LLC lifted its holdings in Parker-Hannifin by 3,566.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 363,302 shares of the industrial products company's stock worth $229,541,000 after buying an additional 353,393 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company's stock.

Parker-Hannifin Trading Down 1.4 %

Shares of Parker-Hannifin stock traded down $9.59 on Friday, reaching $672.98. 230,412 shares of the company were exchanged, compared to its average volume of 632,995. The stock has a fifty day moving average price of $667.79 and a 200-day moving average price of $594.73. The firm has a market capitalization of $86.63 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 2.77 and a beta of 1.43. The company has a current ratio of 0.96, a quick ratio of 0.57 and a debt-to-equity ratio of 0.52. Parker-Hannifin Co. has a fifty-two week low of $440.00 and a fifty-two week high of $712.42.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its earnings results on Thursday, October 31st. The industrial products company reported $6.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.14 by $0.06. The company had revenue of $4.90 billion for 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.96 earnings per share. On average, analysts expect that Parker-Hannifin Co. will post 26.75 EPS for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were issued a dividend of $1.63 per share. The ex-dividend date was Friday, November 8th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.97%. Parker-Hannifin's dividend payout ratio is 29.45%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PH shares. Argus raised their price target on Parker-Hannifin from $650.00 to $710.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Evercore ISI raised their price target on Parker-Hannifin from $620.00 to $656.00 and gave the stock an "outperform" rating in a report on Monday, August 19th. KeyCorp raised their price target on Parker-Hannifin from $725.00 to $775.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. StockNews.com raised Parker-Hannifin from a "hold" rating to a "buy" rating in a report on Saturday, October 12th. Finally, Stifel Nicolaus downgraded Parker-Hannifin from a "buy" rating to a "hold" rating and set a $691.00 price target on the stock. in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Parker-Hannifin has a consensus rating of "Moderate Buy" and a consensus price target of $709.65.

Insider Activity

In other news, VP Joseph R. Leonti sold 5,877 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $631.04, for a total transaction of $3,708,622.08. Following the completion of the sale, the vice president now owns 15,350 shares in the company, valued at approximately $9,686,464. This represents a 27.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer A. Parmentier sold 4,906 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 33,607 shares of the company's stock, valued at approximately $23,682,516.83. This trade represents 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 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.