840 Shares in Parker-Hannifin Corporation (PH) Acquired by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. bought a new position in Parker-Hannifin Corporation (NYSE:PH) during the third quarter, Holdings Channel reports. The firm bought 840 shares of the company’s stock, valued at approximately $105,000.

Several other institutional investors also recently made changes to their positions in PH. BlackRock Institutional Trust Company N.A. raised its position in shares of Parker-Hannifin Corporation by 1.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,474,286 shares of the company’s stock worth $436,127,000 after buying an additional 58,577 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Parker-Hannifin Corporation by 4.1% in the third quarter. BlackRock Fund Advisors now owns 2,177,896 shares of the company’s stock valued at $273,391,000 after buying an additional 85,290 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Parker-Hannifin Corporation by 13.3% in the third quarter. TIAA CREF Investment Management LLC now owns 1,698,432 shares of the company’s stock valued at $213,204,000 after buying an additional 199,514 shares in the last quarter. Beutel Goodman & Co Ltd. raised its position in shares of Parker-Hannifin Corporation by 4.7% in the third quarter. Beutel Goodman & Co Ltd. now owns 1,308,555 shares of the company’s stock valued at $125,229,000 after buying an additional 58,508 shares in the last quarter. Finally, Thomaspartners Inc. raised its position in shares of Parker-Hannifin Corporation by 7.5% in the third quarter. Thomaspartners Inc. now owns 1,116,366 shares of the company’s stock valued at $140,137,000 after buying an additional 78,253 shares in the last quarter. Institutional investors own 82.72% of the company’s stock.

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

Parker-Hannifin Corporation (NYSE:PH) opened at 152.46 on Tuesday. The company has a market cap of $20.32 billion, a P/E ratio of 23.52 and a beta of 1.28. The company has a 50-day moving average of $145.35 and a 200-day moving average of $132.16. Parker-Hannifin Corporation has a 52-week low of $97.61 and a 52-week high of $153.13.

Parker-Hannifin Corporation (NYSE:PH) last posted its quarterly earnings results on Thursday, February 2nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.52. Parker-Hannifin Corporation had a return on equity of 20.08% and a net margin of 7.86%. The business had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the prior year, the company earned $1.52 EPS. The business’s revenue was down 1.3% compared to the same quarter last year. On average, equities research analysts expect that Parker-Hannifin Corporation will post $7.33 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 3rd. Stockholders of record on Friday, February 10th will be given a dividend of $0.66 per share. This is an increase from Parker-Hannifin Corporation’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Wednesday, February 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.73%. Parker-Hannifin Corporation’s dividend payout ratio is presently 40.80%.

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PH has been the topic of several analyst reports. TheStreet upgraded shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, November 9th. Zacks Investment Research upgraded shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating and set a $142.00 price objective on the stock in a report on Wednesday, November 9th. Evercore ISI upgraded shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a report on Monday, November 7th. Deutsche Bank AG upgraded shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a report on Friday, December 2nd. Finally, Aegis upgraded shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a report on Friday, January 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $143.27.

In related news, Director Wolfgang R. Schmitt sold 6,335 shares of the company’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $141.19, for a total transaction of $894,438.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jon P. Marten sold 6,337 shares of the company’s stock in a transaction on Monday, December 5th. The stock was sold at an average price of $141.75, for a total value of $898,269.75. Following the sale, the executive vice president now owns 34,553 shares of the company’s stock, valued at $4,897,887.75. The disclosure for this sale can be found here. Insiders have sold a total of 15,899 shares of company stock worth $2,254,956 in the last three months. Corporate insiders own 2.73% of the company’s stock.

About Parker-Hannifin Corporation

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.

5 Day Chart for NYSE:PH

Want to see what other hedge funds are holding PH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Parker-Hannifin Corporation (NYSE:PH).

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