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Private Advisor Group LLC Raises Stock Position in Parker-Hannifin Corporation (NYSE:PH)

Parker-Hannifin logo with Industrials background

Private Advisor Group LLC increased its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 6.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,685 shares of the industrial products company's stock after purchasing an additional 364 shares during the quarter. Private Advisor Group LLC's holdings in Parker-Hannifin were worth $3,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of PH. SG Americas Securities LLC boosted its position in Parker-Hannifin by 27.2% during the 1st quarter. SG Americas Securities LLC now owns 31,011 shares of the industrial products company's stock valued at $18,850,000 after acquiring an additional 6,630 shares in the last quarter. Alley Investment Management Company LLC bought a new stake in Parker-Hannifin during the 1st quarter valued at approximately $7,996,000. Community Financial Services Group LLC boosted its position in Parker-Hannifin by 1,338.2% during the 1st quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company's stock valued at $4,030,000 after acquiring an additional 6,169 shares in the last quarter. Heartland Bank & Trust Co bought a new stake in shares of Parker-Hannifin in the 1st quarter worth approximately $260,000. Finally, Systematic Alpha Investments LLC bought a new stake in shares of Parker-Hannifin in the 4th quarter worth approximately $712,000. 82.44% of the stock is owned by institutional investors.

Insider Activity

In other Parker-Hannifin news, VP Jay Reidy sold 150 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $620.37, for a total value of $93,055.50. Following the completion of the sale, the vice president owned 2,083 shares in the company, valued at approximately $1,292,230.71. This represents a 6.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.39% of the stock is currently owned by insiders.

Parker-Hannifin Stock Performance

Shares of PH stock traded up $8.28 during mid-day trading on Friday, reaching $737.90. 499,828 shares of the company's stock traded hands, compared to its average volume of 517,332. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $740.83. The firm has a 50 day moving average price of $686.08 and a two-hundred day moving average price of $651.70. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 1.21. The firm has a market capitalization of $94.29 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 3.15 and a beta of 1.34.

Parker-Hannifin (NYSE:PH - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $6.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.72 by $0.22. Parker-Hannifin had a net margin of 17.14% and a return on equity of 26.80%. The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the firm posted $6.51 EPS. The company's revenue for the quarter was down 2.2% compared to the same quarter last year. On average, research analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Wall Street Analysts Forecast Growth

PH has been the topic of a number of analyst reports. Argus set a $680.00 price target on Parker-Hannifin in a research report on Tuesday, May 6th. KeyCorp boosted their price target on Parker-Hannifin from $735.00 to $790.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Mizuho set a $785.00 price target on Parker-Hannifin in a research report on Friday, May 16th. Stifel Nicolaus boosted their price target on Parker-Hannifin from $709.00 to $717.00 and gave the stock a "hold" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company boosted their price target on Parker-Hannifin from $670.00 to $770.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $739.59.

View Our Latest Stock Analysis on PH

About Parker-Hannifin

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Parker-Hannifin (NYSE:PH)

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