1 week Ago By ABMN Staff
New York Life Investment Management LLC trimmed its stake in Parker-Hannifin Co. ( NYSE:PH – Free Report ) by 0.5% during the second quarter, according to its most recent disclosure with the SEC.
The fund owned 19,280 shares of the industrial products company’s stock after selling 104 shares during the quarter. New York Life Investment Management LLC’s holdings in Parker-Hannifin were worth $9,752,000 as of its most recent SEC filing. A number of other hedge funds also recently added to or reduced their stakes in PH.
Sachetta LLC bought a new stake in Parker-Hannifin in the fourth quarter valued at $25,000. Addison Advisors LLC bought a new stake in Parker-Hannifin in the second quarter valued at $25,000. First United Bank & Trust bought a new stake in Parker-Hannifin in the fourth quarter valued at $29,000.
Harbor Investment Advisory LLC lifted its stake in Parker-Hannifin by 60.6% in the first quarter. Harbor Investment Advisory LLC now owns 53 shares of the industrial products company’s stock valued at $29,000 after buying an additional 20 shares during the last quarter.
Finally, Newbridge Financial Services Group Inc. bought a new stake in Parker-Hannifin in the fourth quarter valued at $30,000. 82.
44% of the stock is currently owned by institutional investors. Insider Buying and Selling In other Parker-Hannifin news, Director Joseph Scaminace sold 1,751 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $589.
73, for a total transaction of $1,032,617.23. Following the completion of the sale, the director now directly owns 3,900 shares in the company, valued at approximately $2,299,947.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . In other Parker-Hannifin news, Director Joseph Scaminace sold 1,751 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $589.
73, for a total transaction of $1,032,617.23. Following the completion of the sale, the director now directly owns 3,900 shares in the company, valued at approximately $2,299,947.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, VP Berend Bracht sold 850 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $592.
92, for a total value of $503,982.00. Following the sale, the vice president now owns 3,350 shares of the company’s stock, valued at $1,986,282.
The disclosure for this sale can be found here . 1.03% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth Check Out Our Latest Stock Report on Parker-Hannifin Parker-Hannifin Trading Down 0.7 % Shares of PH opened at $571.31 on Friday.
The business’s 50-day moving average price is $554.47 and its 200 day moving average price is $543.08.
The stock has a market capitalization of $73.44 billion, a P/E ratio of 26.92, a P/E/G ratio of 2.
44 and a beta of 1.43. Parker-Hannifin Co.
has a 1-year low of $362.49 and a 1-year high of $601.30.
The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 0.
59. Parker-Hannifin ( NYSE:PH – Get Free Report ) last issued its quarterly earnings results on Thursday, August 8th. The industrial products company reported $6.
77 earnings per share for the quarter, topping analysts’ consensus estimates of $6.22 by $0.55.
The firm had revenue of $5.19 billion for the quarter, compared to analysts’ expectations of $5.08 billion.
Parker-Hannifin had a return on equity of 29.08% and a net margin of 14.27%.
Parker-Hannifin’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $6.
08 EPS. Analysts expect that Parker-Hannifin Co. will post 26.
61 earnings per share for the current year. Parker-Hannifin Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Wednesday, August 28th will be paid a $1.
63 dividend. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $6.
52 dividend on an annualized basis and a yield of 1.14%. Parker-Hannifin’s dividend payout ratio is currently 30.
73%. Parker-Hannifin Profile ( Free Report ) Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems.
The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment. Featured Articles 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 Co.
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