United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Increases Holdings in Parker-Hannifin Corporation $PH

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 135.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,300 shares of the industrial products company’s stock after purchasing an additional 1,900 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Parker-Hannifin were worth $2,502,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PH. Ameriflex Group Inc. raised its position in Parker-Hannifin by 366.7% during the 3rd quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock worth $32,000 after buying an additional 33 shares during the last quarter. Angeles Wealth Management LLC purchased a new stake in shares of Parker-Hannifin in the 3rd quarter valued at $220,000. Blair William & Co. IL boosted its holdings in shares of Parker-Hannifin by 23.2% in the 3rd quarter. Blair William & Co. IL now owns 32,583 shares of the industrial products company’s stock valued at $24,703,000 after acquiring an additional 6,144 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Parker-Hannifin by 82.2% in the third quarter. First Trust Advisors LP now owns 37,242 shares of the industrial products company’s stock worth $28,235,000 after acquiring an additional 16,802 shares during the period. Finally, Guardian Capital LP raised its holdings in shares of Parker-Hannifin by 5.5% during the third quarter. Guardian Capital LP now owns 15,746 shares of the industrial products company’s stock worth $11,938,000 after purchasing an additional 823 shares during the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Insider Buying and Selling at Parker-Hannifin

In other news, VP Matthew A. Jacobson sold 564 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $949.94, for a total transaction of $535,766.16. Following the completion of the transaction, the vice president directly owned 1,000 shares of the company’s stock, valued at $949,940. This represents a 36.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Dinu J. Parel sold 1,316 shares of Parker-Hannifin stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $950.05, for a total transaction of $1,250,265.80. Following the completion of the sale, the vice president directly owned 6,534 shares in the company, valued at $6,207,626.70. This represents a 16.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 12,551 shares of company stock worth $12,117,502. 0.32% of the stock is currently owned by corporate insiders.

Parker-Hannifin Trading Down 4.4%

Shares of Parker-Hannifin stock opened at $923.01 on Friday. The firm has a 50-day simple moving average of $956.00 and a two-hundred day simple moving average of $852.67. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 1.18. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $1,034.96. The company has a market cap of $116.50 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 2.97 and a beta of 1.23.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, January 29th. The industrial products company reported $7.65 EPS for the quarter, beating analysts’ consensus estimates of $7.11 by $0.54. The firm had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $5.07 billion. Parker-Hannifin had a return on equity of 27.56% and a net margin of 17.29%.The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $6.53 EPS. As a group, equities analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Friday, February 6th were given a $1.80 dividend. The ex-dividend date was Friday, February 6th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. Parker-Hannifin’s payout ratio is 26.26%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PH. Morgan Stanley upped their price target on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a report on Tuesday, February 24th. Argus reiterated a “buy” rating and set a $900.00 price objective on shares of Parker-Hannifin in a research note on Monday, November 10th. Susquehanna reissued a “positive” rating and issued a $1,000.00 price objective on shares of Parker-Hannifin in a report on Wednesday, November 12th. BNP Paribas Exane began coverage on Parker-Hannifin in a research note on Thursday, December 4th. They issued an “outperform” rating and a $1,020.00 target price on the stock. Finally, Jefferies Financial Group raised their target price on Parker-Hannifin from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Sixteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Parker-Hannifin has an average rating of “Moderate Buy” and a consensus price target of $995.37.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.