Parker-Hannifin Co. (NYSE:PH) Shares Bought by Candriam S.C.A.

Candriam S.C.A. grew its stake in Parker-Hannifin Co. (NYSE:PH) by 5.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,190 shares of the industrial products company’s stock after purchasing an additional 3,401 shares during the quarter. Candriam S.C.A. owned approximately 0.05% of Parker-Hannifin worth $35,501,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Private Advisor Group LLC lifted its stake in Parker-Hannifin by 20.2% during the second quarter. Private Advisor Group LLC now owns 5,277 shares of the industrial products company’s stock worth $2,669,000 after purchasing an additional 885 shares during the last quarter. Addison Advisors LLC acquired a new stake in shares of Parker-Hannifin during the second quarter worth $25,000. Arizona State Retirement System lifted its position in shares of Parker-Hannifin by 1.0% in the 2nd quarter. Arizona State Retirement System now owns 37,227 shares of the industrial products company’s stock worth $18,830,000 after buying an additional 359 shares during the last quarter. BBR Partners LLC boosted its holdings in shares of Parker-Hannifin by 0.9% in the 2nd quarter. BBR Partners LLC now owns 3,479 shares of the industrial products company’s stock valued at $1,760,000 after buying an additional 32 shares during the period. Finally, MCF Advisors LLC grew its position in shares of Parker-Hannifin by 5.8% during the 2nd quarter. MCF Advisors LLC now owns 1,086 shares of the industrial products company’s stock valued at $549,000 after buying an additional 60 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

PH has been the topic of a number of recent research reports. Stifel Nicolaus cut their target price on shares of Parker-Hannifin from $629.00 to $613.00 and set a “buy” rating on the stock in a report on Thursday, July 18th. Barclays cut their price target on Parker-Hannifin from $618.00 to $610.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. Robert W. Baird boosted their price objective on Parker-Hannifin from $622.00 to $654.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Wells Fargo & Company increased their target price on Parker-Hannifin from $600.00 to $640.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Parker-Hannifin from $595.00 to $645.00 and gave the company a “buy” rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and an average target price of $623.00.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 850 shares of Parker-Hannifin stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $592.92, for a total value of $503,982.00. Following the transaction, the vice president now owns 3,350 shares in the company, valued at $1,986,282. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Parker-Hannifin news, Director Joseph Scaminace sold 1,751 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $589.73, for a total value of $1,032,617.23. Following the completion of the transaction, the director now directly owns 3,900 shares in the company, valued at $2,299,947. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Berend Bracht sold 850 shares of Parker-Hannifin stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $592.92, for a total transaction of $503,982.00. Following the completion of the transaction, the vice president now directly owns 3,350 shares in the company, valued at $1,986,282. The disclosure for this sale can be found here. 1.03% of the stock is owned by corporate insiders.

Parker-Hannifin Stock Down 0.6 %

PH stock opened at $571.64 on Friday. The firm’s 50-day moving average is $554.47 and its two-hundred day moving average is $542.92. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $73.51 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 2.44 and a beta of 1.43. Parker-Hannifin Co. has a 52 week low of $362.49 and a 52 week high of $601.30.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, August 8th. The industrial products company reported $6.77 earnings per share for the quarter, topping analysts’ consensus estimates of $6.22 by $0.55. Parker-Hannifin had a return on equity of 29.08% and a net margin of 14.27%. The firm had revenue of $5.19 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the prior year, the firm posted $6.08 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts forecast that Parker-Hannifin Co. will post 26.61 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Wednesday, August 28th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, August 28th. Parker-Hannifin’s payout ratio is 30.73%.

Parker-Hannifin Profile

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.