Ritholtz Wealth Administration elevated its place in Parker-Hannifin Co. (NYSE:PH – Free Report) by 88.4% within the third quarter, based on its most up-to-date 13F submitting with the Securities and Change Fee. The institutional investor owned 1,473 shares of the economic merchandise firm’s inventory after buying a further 691 shares throughout the quarter. Ritholtz Wealth Administration’s holdings in Parker-Hannifin had been value $931,000 on the finish of the newest quarter.
A variety of different institutional traders and hedge funds additionally lately added to or lowered their stakes in PH. 1832 Asset Administration L.P. raised its place in shares of Parker-Hannifin by 305.0% throughout the 1st quarter. 1832 Asset Administration L.P. now owns 307,794 shares of the economic merchandise firm’s inventory valued at $171,069,000 after buying a further 231,788 shares throughout the interval. AMF Tjanstepension AB lifted its place in shares of Parker-Hannifin by 23.0% within the second quarter. AMF Tjanstepension AB now owns 758,262 shares of the economic merchandise firm’s inventory valued at $383,594,000 after buying a further 141,862 shares within the final quarter. Mackenzie Monetary Corp boosted its stake in shares of Parker-Hannifin by 107.7% within the second quarter. Mackenzie Monetary Corp now owns 271,717 shares of the economic merchandise firm’s inventory value $137,437,000 after buying a further 140,898 shares throughout the interval. Congress Asset Administration Co. MA grew its place in shares of Parker-Hannifin by 503.9% throughout the first quarter. Congress Asset Administration Co. MA now owns 156,196 shares of the economic merchandise firm’s inventory value $86,812,000 after buying a further 130,331 shares within the final quarter. Lastly, DekaBank Deutsche Girozentrale raised its stake in Parker-Hannifin by 32.8% throughout the 1st quarter. DekaBank Deutsche Girozentrale now owns 466,791 shares of the economic merchandise firm’s inventory valued at $258,971,000 after buying a further 115,234 shares throughout the interval. Institutional traders personal 82.44% of the corporate’s inventory.
Parker-Hannifin Inventory Up 1.0 %
NYSE:PH opened at $643.53 on Tuesday. The corporate has a market cap of $82.72 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of two.57 and a beta of 1.43. Parker-Hannifin Co. has a twelve month low of $362.49 and a twelve month excessive of $645.90. The corporate has a present ratio of 0.93, a fast ratio of 0.55 and a debt-to-equity ratio of 0.59. The inventory has a fifty day easy transferring common of $598.57 and a 200-day easy transferring common of $557.54.
Parker-Hannifin (NYSE:PH – Get Free Report) final posted its quarterly earnings outcomes on Thursday, August eighth. The economic merchandise firm reported $6.77 earnings per share for the quarter, beating the consensus estimate of $6.22 by $0.55. Parker-Hannifin had a internet margin of 14.27% and a return on fairness of 29.08%. The agency had income of $5.19 billion throughout the quarter, in comparison with the consensus estimate of $5.08 billion. Throughout the identical quarter within the earlier 12 months, the agency posted $6.08 earnings per share. The corporate’s income was up 1.8% on a year-over-year foundation. Analysts anticipate that Parker-Hannifin Co. will submit 26.64 EPS for the present 12 months.
Parker-Hannifin Proclaims Dividend
The agency additionally lately introduced a quarterly dividend, which was paid on Friday, September thirteenth. Shareholders of document on Wednesday, August twenty eighth had been issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 1.01%. The ex-dividend date was Wednesday, August twenty eighth. Parker-Hannifin’s payout ratio is 30.73%.
Insider Exercise
In associated information, Director Joseph Scaminace offered 1,751 shares of Parker-Hannifin inventory in a transaction that occurred on Thursday, August fifteenth. The shares had been offered at a median worth of $589.73, for a complete transaction of $1,032,617.23. Following the transaction, the director now immediately owns 3,900 shares of the corporate’s inventory, valued at $2,299,947. This commerce represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a submitting with the SEC, which is out there by way of this hyperlink. In different information, Director Joseph Scaminace offered 1,751 shares of the agency’s inventory in a transaction dated Thursday, August fifteenth. The shares had been offered at a median worth of $589.73, for a complete worth of $1,032,617.23. Following the sale, the director now immediately owns 3,900 shares within the firm, valued at roughly $2,299,947. This commerce represents a 0.00 % lower of their place. The transaction was disclosed in a submitting with the Securities & Change Fee, which is accessible by way of this hyperlink. Additionally, VP Berend Bracht offered 850 shares of the inventory in a transaction that occurred on Monday, August twenty sixth. The shares had been offered at a median worth of $592.92, for a complete transaction of $503,982.00. Following the sale, the vp now immediately owns 3,350 shares of the corporate’s inventory, valued at $1,986,282. The commerce was a 0.00 % lower of their place. The disclosure for this sale could be discovered right here. Firm insiders personal 1.03% of the corporate’s inventory.
Analyst Upgrades and Downgrades
A variety of equities analysis analysts have issued reviews on the inventory. Evercore ISI elevated their worth goal on shares of Parker-Hannifin from $620.00 to $656.00 and gave the corporate an “outperform” score in a report on Monday, August nineteenth. Raymond James lifted their worth goal on shares of Parker-Hannifin from $610.00 to $650.00 and gave the corporate an “outperform” score in a report on Wednesday, September 4th. Wells Fargo & Firm raised their worth goal on Parker-Hannifin from $640.00 to $710.00 and gave the corporate an “chubby” score in a analysis report on Monday, October seventh. Truist Monetary boosted their goal worth on Parker-Hannifin from $673.00 to $788.00 and gave the inventory a “purchase” score in a analysis report on Wednesday, October ninth. Lastly, Robert W. Baird lifted their worth goal on Parker-Hannifin from $622.00 to $654.00 and gave the inventory an “outperform” score in a analysis observe on Friday, August ninth. Two analysis analysts have rated the inventory with a maintain score and fourteen have given a purchase score to the inventory. Based on knowledge from MarketBeat, the inventory at the moment has a consensus score of “Average Purchase” and a consensus goal worth of $655.93.
Parker-Hannifin Profile
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 way of two segments: Diversified Industrial and Aerospace Programs. The Diversified Industrial section provides 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 fuel dealing with; and hydraulic, pneumatic, and electromechanical elements and methods for builders and customers of cell and industrial equipment and gear.
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