SRS Capital Advisors Inc. grew its place in shares of Parker-Hannifin Co. (NYSE:PH – Free Report) by 5.7% within the 2nd quarter, in accordance with the corporate in its most up-to-date Type 13F submitting with the SEC. The agency owned 1,209 shares of the commercial merchandise firm’s inventory after buying a further 65 shares throughout the quarter. SRS Capital Advisors Inc.’s holdings in Parker-Hannifin have been price $612,000 as of its most up-to-date submitting with the SEC.
A number of different institutional traders have additionally modified their holdings of the corporate. Vanguard Group Inc. elevated its place in Parker-Hannifin by 1.0% within the 1st quarter. Vanguard Group Inc. now owns 10,566,391 shares of the commercial merchandise firm’s inventory valued at $5,872,694,000 after buying a further 105,475 shares throughout the interval. Norges Financial institution purchased a brand new place in shares of Parker-Hannifin within the fourth quarter price $665,188,000. Boston Companions elevated its holdings in shares of Parker-Hannifin by 4.1% throughout the first quarter. Boston Companions now owns 1,111,720 shares of the commercial merchandise firm’s inventory valued at $617,878,000 after buying a further 43,535 shares throughout the interval. AMF Tjanstepension AB raised its stake in shares of Parker-Hannifin by 23.0% throughout the second quarter. AMF Tjanstepension AB now owns 758,262 shares of the commercial merchandise firm’s inventory valued at $383,594,000 after buying a further 141,862 shares within the final quarter. Lastly, Baird Monetary Group Inc. lifted its holdings in Parker-Hannifin by 3.7% within the fourth quarter. Baird Monetary Group Inc. now owns 694,970 shares of the commercial merchandise firm’s inventory price $320,173,000 after buying a further 25,060 shares throughout the interval. Institutional traders personal 82.44% of the corporate’s inventory.
Analysts Set New Value Targets
A number of analysis corporations have commented on PH. Financial institution of America raised their goal worth on shares of Parker-Hannifin from $600.00 to $650.00 and gave the corporate a “purchase” score in a analysis word on Friday, Could seventeenth. Barclays lower their goal worth on Parker-Hannifin from $618.00 to $610.00 and set an “obese” score for the corporate in a analysis report on Tuesday, June 4th. Raymond James lifted their worth goal on Parker-Hannifin from $610.00 to $650.00 and gave the corporate an “outperform” score in a analysis report on Wednesday. Stifel Nicolaus decreased their goal worth on Parker-Hannifin from $629.00 to $613.00 and set a “purchase” score for the corporate in a analysis word on Thursday, July 18th. Lastly, Evercore ISI lifted their goal worth on Parker-Hannifin from $620.00 to $656.00 and gave the inventory an “outperform” score in a report on Monday, August nineteenth. Two analysts have rated the inventory with a maintain score and fourteen have assigned a purchase score to the corporate. Primarily based on knowledge from MarketBeat, Parker-Hannifin presently has a median score of “Reasonable Purchase” and a consensus goal worth of $623.00.
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Insiders Place Their Bets
In different information, VP Berend Bracht bought 850 shares of the corporate’s inventory in a transaction dated Monday, August twenty sixth. The inventory was bought at a median worth of $592.92, for a complete worth of $503,982.00. Following the transaction, the vp now owns 3,350 shares within the firm, valued at roughly $1,986,282. The sale was disclosed in a submitting with the Securities & Alternate Fee, which is obtainable by means of the SEC web site. In associated information, Director Joseph Scaminace bought 1,751 shares of Parker-Hannifin inventory in a transaction on Thursday, August fifteenth. The inventory was bought at a median worth of $589.73, for a complete transaction of $1,032,617.23. Following the completion of the sale, the director now owns 3,900 shares of the corporate’s inventory, valued at $2,299,947. The transaction was disclosed in a authorized submitting with the SEC, which is obtainable by means of the SEC web site. Additionally, VP Berend Bracht bought 850 shares of the corporate’s inventory in a transaction dated Monday, August twenty sixth. The inventory was bought at a median worth of $592.92, for a complete worth of $503,982.00. Following the completion of the transaction, the vp now straight owns 3,350 shares within the firm, valued at $1,986,282. The disclosure for this sale will be discovered right here. Company insiders personal 1.03% of the corporate’s inventory.
Parker-Hannifin Inventory Efficiency
Parker-Hannifin inventory opened at $571.31 on Friday. Parker-Hannifin Co. has a fifty-two week low of $362.49 and a fifty-two week excessive of $601.30. The agency’s 50 day easy shifting common is $554.47 and its 200-day easy shifting common is $543.08. The corporate has a debt-to-equity ratio of 0.59, a present ratio of 0.93 and a fast ratio of 0.55. The corporate has a market cap of $73.44 billion, a P/E ratio of 26.92, a price-to-earnings-growth ratio of two.44 and a beta of 1.43.
Parker-Hannifin (NYSE:PH – Get Free Report) final posted its quarterly earnings knowledge on Thursday, August eighth. The commercial merchandise firm reported $6.77 earnings per share for the quarter, topping the consensus estimate of $6.22 by $0.55. The agency had income of $5.19 billion for the quarter, in comparison with analysts’ expectations of $5.08 billion. Parker-Hannifin had a web margin of 14.27% and a return on fairness of 29.08%. The corporate’s quarterly income was up 1.8% in comparison with the identical quarter final yr. Throughout the identical interval within the earlier yr, the corporate posted $6.08 EPS. As a gaggle, equities analysis analysts predict that Parker-Hannifin Co. will submit 26.61 EPS for the present yr.
Parker-Hannifin Dividend Announcement
The agency additionally just lately disclosed a quarterly dividend, which will probably be paid on Friday, September thirteenth. Buyers of report on Wednesday, August twenty eighth will probably be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, August twenty eighth. Parker-Hannifin’s dividend payout ratio is at present 30.73%.
About Parker-Hannifin
Parker-Hannifin Company manufactures and sells movement and management applied sciences and methods for numerous cell, industrial, and aerospace markets worldwide. The corporate operates by means of two segments: Diversified Industrial and Aerospace Methods. The Diversified Industrial section affords sealing, shielding, thermal merchandise and methods, adhesives, coatings, and noise vibration and harshness options; filters, methods, and diagnostics options to make sure purity and take away contaminants from gas, air, oil, water, and different liquids and gases; connectors utilized in fluid and gasoline dealing with; and hydraulic, pneumatic, and electromechanical parts and methods for builders and customers of cell and industrial equipment and tools.
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