Liberty Mutual Group Asset Management Inc. Has $1.02 Million Stake in Parker-Hannifin Corporation (PH)

Liberty Mutual Group Asset Management Inc. cut its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 36.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 6,374 shares of the industrial products company’s stock after selling 3,661 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Parker-Hannifin Corporation were worth $1,022,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PH. Moody Lynn & Lieberson LLC raised its position in shares of Parker-Hannifin Corporation by 0.3% in the first quarter. Moody Lynn & Lieberson LLC now owns 3,043 shares of the industrial products company’s stock valued at $488,000 after buying an additional 10 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Parker-Hannifin Corporation by 4.6% in the first quarter. Quadrant Capital Group LLC now owns 844 shares of the industrial products company’s stock valued at $131,000 after buying an additional 37 shares in the last quarter. Rehmann Capital Advisory Group raised its position in shares of Parker-Hannifin Corporation by 2.1% in the first quarter. Rehmann Capital Advisory Group now owns 1,821 shares of the industrial products company’s stock valued at $292,000 after buying an additional 37 shares in the last quarter. Wetherby Asset Management Inc. raised its position in shares of Parker-Hannifin Corporation by 1.3% in the first quarter. Wetherby Asset Management Inc. now owns 3,457 shares of the industrial products company’s stock valued at $554,000 after buying an additional 43 shares in the last quarter. Finally, Marble Harbor Investment Counsel LLC raised its position in shares of Parker-Hannifin Corporation by 0.4% in the first quarter. Marble Harbor Investment Counsel LLC now owns 11,503 shares of the industrial products company’s stock valued at $1,844,000 after buying an additional 50 shares in the last quarter. 80.53% of the stock is owned by institutional investors and hedge funds.

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

Shares of Parker-Hannifin Corporation (PH) opened at 159.63 on Monday. Parker-Hannifin Corporation has a 1-year low of $99.10 and a 1-year high of $166.60. The stock has a market capitalization of $21.26 billion, a price-to-earnings ratio of 23.26 and a beta of 1.32. The firm’s 50-day moving average price is $158.19 and its 200 day moving average price is $153.19.

Parker-Hannifin Corporation (NYSE:PH) last posted its quarterly earnings results on Thursday, April 27th. The industrial products company reported $2.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.86 by $0.25. Parker-Hannifin Corporation had a net margin of 8.11% and a return on equity of 22.14%. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period last year, the firm earned $1.51 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities research analysts expect that Parker-Hannifin Corporation will post $7.91 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Wednesday, May 10th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Monday, May 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.65%. Parker-Hannifin Corporation’s payout ratio is 38.54%.

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Several equities analysts recently weighed in on PH shares. Morgan Stanley restated an “overweight” rating and issued a $180.00 price target on shares of Parker-Hannifin Corporation in a research note on Thursday, March 2nd. Goldman Sachs Group, Inc. (The) started coverage on Parker-Hannifin Corporation in a research note on Monday, March 13th. They issued a “buy” rating and a $180.00 price target for the company. Cowen and Company lifted their price target on Parker-Hannifin Corporation from $110.00 to $140.00 and gave the company a “market perform” rating in a research note on Monday, March 13th. Jefferies Group LLC restated a “hold” rating and issued a $145.00 price target on shares of Parker-Hannifin Corporation in a research note on Friday, March 17th. Finally, Zacks Investment Research lowered Parker-Hannifin Corporation from a “buy” rating to a “hold” rating in a research note on Friday, April 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $160.00.

In other news, Chairman Thomas L. Williams sold 18,435 shares of the firm’s stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $160.00, for a total transaction of $2,949,600.00. Following the completion of the transaction, the chairman now directly owns 69,952 shares of the company’s stock, valued at approximately $11,192,320. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP William R. Bowman sold 2,900 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $158.92, for a total transaction of $460,868.00. Following the transaction, the vice president now directly owns 1,172 shares of the company’s stock, valued at $186,254.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,998 shares of company stock valued at $6,420,980. Insiders own 2.73% of the company’s stock.

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.

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