Parker-Hannifin Corporation (PH) Position Held by Rathbone Brothers plc

Rathbone Brothers plc continued to hold its stake in shares of Parker-Hannifin Corporation (NYSE:PH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,700 shares of the industrial products company’s stock at the end of the second quarter. Rathbone Brothers plc’s holdings in Parker-Hannifin Corporation were worth $1,071,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of PH. Parallel Advisors LLC increased its holdings in shares of Parker-Hannifin Corporation by 4.1% during the 2nd quarter. Parallel Advisors LLC now owns 612 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 24 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of Parker-Hannifin Corporation during the 1st quarter valued at about $112,000. TrimTabs Asset Management LLC increased its holdings in shares of Parker-Hannifin Corporation by 88.5% during the 1st quarter. TrimTabs Asset Management LLC now owns 852 shares of the industrial products company’s stock valued at $137,000 after acquiring an additional 400 shares during the last quarter. FNY Partners Fund LP acquired a new position in shares of Parker-Hannifin Corporation during the 1st quarter valued at about $160,000. Finally, Independent Portfolio Consultants Inc. increased its holdings in shares of Parker-Hannifin Corporation by 74.3% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,124 shares of the industrial products company’s stock valued at $180,000 after acquiring an additional 479 shares during the last quarter. 79.72% of the stock is currently owned by institutional investors.

Several analysts recently weighed in on the company. BidaskClub downgraded Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Stifel Nicolaus reiterated a “buy” rating and issued a $189.00 price objective on shares of Parker-Hannifin Corporation in a research report on Friday, July 14th. ValuEngine upgraded Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. Credit Suisse Group set a $189.00 price objective on Parker-Hannifin Corporation and gave the stock a “buy” rating in a research report on Sunday, May 28th. Finally, Jefferies Group LLC set a $163.00 target price on Parker-Hannifin Corporation and gave the stock a “hold” rating in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $174.38.

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In related news, Director Joseph Scaminace sold 500 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $158.35, for a total transaction of $79,175.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Candy M. Obourn sold 1,241 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $161.46, for a total transaction of $200,371.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,389 shares of company stock worth $878,913. Insiders own 2.73% of the company’s stock.

Shares of Parker-Hannifin Corporation (NYSE:PH) opened at 177.11 on Friday. Parker-Hannifin Corporation has a one year low of $118.77 and a one year high of $177.61. The stock has a 50 day moving average price of $161.62 and a 200-day moving average price of $160.00. The company has a market capitalization of $23.58 billion, a price-to-earnings ratio of 24.43 and a beta of 1.41.

Parker-Hannifin Corporation (NYSE:PH) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.14. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.52 billion. Parker-Hannifin Corporation had a net margin of 8.18% and a return on equity of 22.90%. Parker-Hannifin Corporation’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.90 earnings per share. On average, equities research analysts expect that Parker-Hannifin Corporation will post $9.08 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Monday, August 28th were paid a $0.66 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $2.64 annualized dividend and a dividend yield of 1.49%. Parker-Hannifin Corporation’s dividend payout ratio is presently 36.51%.

Parker-Hannifin Corporation Company 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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