Worldquant Millennium Advisors LLC Purchases 10,384 Shares of Parker-Hannifin Co. (NYSE:PH)

Worldquant Millennium Advisors LLC increased its stake in Parker-Hannifin Co. (NYSE:PH - Free Report) by 10.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,320 shares of the industrial products company's stock after purchasing an additional 10,384 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.09% of Parker-Hannifin worth $70,334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CVA Family Office LLC boosted its position in shares of Parker-Hannifin by 3.9% in the third quarter. CVA Family Office LLC now owns 425 shares of the industrial products company's stock worth $269,000 after buying an additional 16 shares during the period. Sonoma Private Wealth LLC lifted its stake in Parker-Hannifin by 2.9% in the 3rd quarter. Sonoma Private Wealth LLC now owns 667 shares of the industrial products company's stock worth $421,000 after acquiring an additional 19 shares in the last quarter. W Advisors LLC boosted its position in Parker-Hannifin by 3.4% during the 3rd quarter. W Advisors LLC now owns 581 shares of the industrial products company's stock worth $367,000 after acquiring an additional 19 shares during the period. Simmons Bank grew its stake in Parker-Hannifin by 0.7% during the 3rd quarter. Simmons Bank now owns 2,753 shares of the industrial products company's stock valued at $1,739,000 after acquiring an additional 19 shares in the last quarter. Finally, CFS Investment Advisory Services LLC increased its holdings in shares of Parker-Hannifin by 3.4% in the 3rd 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.

Analyst Ratings Changes

Several analysts recently commented on PH shares. Evercore ISI raised their price target on shares of Parker-Hannifin from $620.00 to $656.00 and gave the stock an "outperform" rating in a report on Monday, August 19th. Raymond James lifted their target price on shares of Parker-Hannifin from $610.00 to $650.00 and gave the company an "outperform" rating in a research note on Wednesday, September 4th. UBS Group assumed coverage on shares of Parker-Hannifin in a research note on Wednesday, November 13th. They issued a "buy" rating and a $842.00 price target on the stock. Barclays lifted their price objective on Parker-Hannifin from $703.00 to $800.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, StockNews.com raised Parker-Hannifin from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $704.88.

Parker-Hannifin Stock Performance

PH traded up $1.45 during midday trading on Friday, reaching $696.16. The company's stock had a trading volume of 371,863 shares, compared to its average volume of 634,708. The company has a current ratio of 0.96, a quick ratio of 0.57 and a debt-to-equity ratio of 0.52. The company has a fifty day simple moving average of $662.19 and a 200 day simple moving average of $589.65. The stock has a market cap of $89.61 billion, a P/E ratio of 31.44, a PEG ratio of 2.83 and a beta of 1.43. Parker-Hannifin Co. has a twelve month low of $431.98 and a twelve month high of $712.42.

Parker-Hannifin (NYSE:PH - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $4.90 billion. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. Parker-Hannifin's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $5.96 earnings per share. Research analysts expect that Parker-Hannifin Co. will post 26.77 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.94%. Parker-Hannifin's dividend payout ratio is currently 29.45%.

Insider Transactions at Parker-Hannifin

In related news, COO Andrew D. Ross sold 4,864 shares of the company's stock in a transaction dated 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 owns 13,120 shares in the company, valued at $9,263,244.80. This represents a 27.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas C. Gentile sold 2,430 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $701.16, for a total transaction of $1,703,818.80. Following the completion of the transaction, the vice president now directly owns 5,465 shares of the company's stock, valued at approximately $3,831,839.40. This represents a 30.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,077 shares of company stock valued at $12,303,829. 0.39% of the stock is owned by corporate insiders.

About Parker-Hannifin

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.