Harel Insurance Investments & Financial Services Ltd. reduced its stake in Parker-Hannifin Corp (NYSE:PH) by 75.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127 shares of the industrial products company’s stock after selling 380 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Parker-Hannifin were worth $26,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in PH. Private Capital Group LLC increased its holdings in shares of Parker-Hannifin by 126.3% during the second quarter. Private Capital Group LLC now owns 172 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 96 shares during the period. Quest Capital Management Inc. ADV bought a new position in shares of Parker-Hannifin during the third quarter worth approximately $32,000. Hoey Investments Inc. bought a new position in shares of Parker-Hannifin during the fourth quarter worth approximately $36,000. CWM LLC increased its holdings in shares of Parker-Hannifin by 34.4% during the third quarter. CWM LLC now owns 293 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 75 shares during the period. Finally, Strategic Wealth Partners Ltd. bought a new position in shares of Parker-Hannifin during the third quarter worth approximately $54,000. 80.18% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Mark J. Hart sold 917 shares of Parker-Hannifin stock in a transaction on Friday, November 1st. The shares were sold at an average price of $190.31, for a total transaction of $174,514.27. Following the completion of the transaction, the executive vice president now owns 14,719 shares of the company’s stock, valued at $2,801,172.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Andrew D. Ross sold 1,939 shares of Parker-Hannifin stock in a transaction on Friday, November 1st. The stock was sold at an average price of $193.82, for a total transaction of $375,816.98. Following the transaction, the vice president now directly owns 24,039 shares of the company’s stock, valued at approximately $4,659,238.98. The disclosure for this sale can be found here. Insiders have sold 11,427 shares of company stock valued at $2,263,771 in the last three months. 1.23% of the stock is owned by insiders.
PH has been the topic of several analyst reports. Wolfe Research set a $189.00 price target on shares of Parker-Hannifin and gave the stock a “hold” rating in a research report on Friday, November 1st. Wells Fargo & Co upgraded shares of Parker-Hannifin from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $205.00 to $230.00 in a research report on Monday, December 16th. ValuEngine upgraded shares of Parker-Hannifin from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Stifel Nicolaus upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating and increased their price target for the stock from $199.00 to $229.00 in a research report on Tuesday, December 17th. Finally, Gordon Haskett upgraded shares of Parker-Hannifin from an “underperform” rating to a “hold” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. Parker-Hannifin presently has a consensus rating of “Hold” and an average target price of $203.46.
Shares of NYSE:PH opened at $198.28 on Monday. The firm has a market cap of $25.93 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 2.05 and a beta of 1.57. The firm’s fifty day moving average is $205.79 and its 200-day moving average is $185.36. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.53 and a current ratio of 1.96. Parker-Hannifin Corp has a 52 week low of $152.18 and a 52 week high of $212.05.
Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, October 31st. The industrial products company reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.64 by $0.12. Parker-Hannifin had a net margin of 10.41% and a return on equity of 25.74%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the previous year, the business earned $2.84 earnings per share. Parker-Hannifin’s revenue was down 4.2% compared to the same quarter last year. Sell-side analysts forecast that Parker-Hannifin Corp will post 10.76 EPS for the current year.
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.
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