Rothschild Asset Management Inc. Has $78.56 Million Stake in Parker-Hannifin Corporation (PH)

Rothschild Asset Management Inc. lessened its stake in Parker-Hannifin Corporation (NYSE:PH) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 448,870 shares of the industrial products company’s stock after selling 16,024 shares during the quarter. Parker-Hannifin Corporation accounts for about 0.9% of Rothschild Asset Management Inc.’s portfolio, making the stock its 13th largest holding. Rothschild Asset Management Inc. owned about 0.34% of Parker-Hannifin Corporation worth $78,561,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of PH. LS Investment Advisors LLC lifted its holdings in shares of Parker-Hannifin Corporation by 2.9% in the 2nd quarter. LS Investment Advisors LLC now owns 4,094 shares of the industrial products company’s stock valued at $654,000 after buying an additional 114 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Parker-Hannifin Corporation by 1.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 8,300 shares of the industrial products company’s stock valued at $1,327,000 after buying an additional 100 shares during the period. BTIM Corp. lifted its holdings in shares of Parker-Hannifin Corporation by 61.9% in the 2nd quarter. BTIM Corp. now owns 3,925 shares of the industrial products company’s stock valued at $627,000 after buying an additional 1,500 shares during the period. Oakbrook Investments LLC raised its holdings in Parker-Hannifin Corporation by 251.6% in the 2nd quarter. Oakbrook Investments LLC now owns 8,000 shares of the industrial products company’s stock worth $1,279,000 after purchasing an additional 5,725 shares during the period. Finally, First Citizens Bank & Trust Co. acquired a new position in Parker-Hannifin Corporation in the 2nd quarter worth about $377,000. 78.35% of the stock is owned by institutional investors and hedge funds.

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A number of research firms recently weighed in on PH. BidaskClub cut Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Deutsche Bank AG upped their price target on Parker-Hannifin Corporation to $200.00 and gave the stock a “buy” rating in a report on Monday. Stifel Nicolaus set a $198.00 price target on Parker-Hannifin Corporation and gave the stock a “buy” rating in a report on Friday, August 4th. Robert W. Baird set a $163.00 price target on Parker-Hannifin Corporation and gave the stock a “hold” rating in a report on Thursday, August 24th. Finally, Zacks Investment Research cut Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $188.95.

In related news, VP Thomas C. Gentile sold 326 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $181.89, for a total value of $59,296.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert W. Malone sold 540 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $186.37, for a total value of $100,639.80. The disclosure for this sale can be found here. Insiders sold 22,337 shares of company stock valued at $3,971,914 over the last 90 days. Company insiders own 1.12% of the company’s stock.

Parker-Hannifin Corporation (NYSE:PH) traded up $0.04 during mid-day trading on Monday, hitting $182.34. The stock had a trading volume of 641,200 shares, compared to its average volume of 1,013,009. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $24,290.00, a price-to-earnings ratio of 20.93, a PEG ratio of 1.64 and a beta of 1.40. Parker-Hannifin Corporation has a 1-year low of $134.03 and a 1-year high of $189.83.

Parker-Hannifin Corporation (NYSE:PH) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.22. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.31 billion. Parker-Hannifin Corporation had a return on equity of 23.61% and a net margin of 8.37%. The business’s revenue was up 22.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.61 earnings per share. equities research analysts forecast that Parker-Hannifin Corporation will post 9.57 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a $0.66 dividend. The ex-dividend date is Thursday, November 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.45%. Parker-Hannifin Corporation’s dividend payout ratio (DPR) is presently 33.89%.

Parker-Hannifin Corporation Profile

Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment.

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

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