Parker-Hannifin Co. (NYSE:PH) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its stake in Parker-Hannifin Co. (NYSE:PH) by 3,566.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 363,302 shares of the industrial products company’s stock after buying an additional 353,393 shares during the quarter. Parker-Hannifin makes up about 0.6% of Mizuho Securities USA LLC’s investment portfolio, making the stock its 25th largest holding. Mizuho Securities USA LLC owned about 0.28% of Parker-Hannifin worth $229,541,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PH. First Long Island Investors LLC raised its holdings in Parker-Hannifin by 0.8% during the third quarter. First Long Island Investors LLC now owns 68,921 shares of the industrial products company’s stock worth $43,546,000 after purchasing an additional 525 shares in the last quarter. KCM Investment Advisors LLC lifted its stake in Parker-Hannifin by 6.6% in the 3rd quarter. KCM Investment Advisors LLC now owns 2,617 shares of the industrial products company’s stock worth $1,653,000 after acquiring an additional 163 shares in the last quarter. Birchcreek Wealth Management LLC purchased a new position in Parker-Hannifin during the third quarter valued at approximately $222,000. Empowered Funds LLC lifted its position in Parker-Hannifin by 13.5% in the 3rd quarter. Empowered Funds LLC now owns 2,499 shares of the industrial products company’s stock worth $1,579,000 after buying an additional 298 shares in the last quarter. Finally, Empirical Finance LLC grew its holdings in shares of Parker-Hannifin by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 4,425 shares of the industrial products company’s stock valued at $2,796,000 after acquiring an additional 89 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Up 0.2 %

PH opened at $698.91 on Friday. Parker-Hannifin Co. has a 1-year low of $425.20 and a 1-year high of $711.60. The firm has a 50-day moving average price of $636.19 and a two-hundred day moving average price of $574.94. The stock has a market capitalization of $89.96 billion, a PE ratio of 31.57, a PEG ratio of 2.85 and a beta of 1.43. The company has a current ratio of 0.96, a quick ratio of 0.57 and a debt-to-equity ratio of 0.52.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $6.20 earnings per share for the quarter, topping the consensus estimate of $6.14 by $0.06. Parker-Hannifin had a return on equity of 27.95% and a net margin of 14.47%. The firm had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the previous year, the business posted $5.96 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that Parker-Hannifin Co. will post 26.77 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.93%. The ex-dividend date is Friday, November 8th. Parker-Hannifin’s payout ratio is 29.45%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Robert W. Baird increased their price objective on Parker-Hannifin from $695.00 to $710.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Argus upped their price objective on shares of Parker-Hannifin from $650.00 to $710.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Mizuho boosted their target price on shares of Parker-Hannifin from $665.00 to $715.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. TD Cowen raised their price target on Parker-Hannifin from $520.00 to $575.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Parker-Hannifin from $595.00 to $645.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $688.07.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Thomas C. Gentile sold 2,430 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $701.16, for a total value of $1,703,818.80. Following the completion of the sale, the vice president now owns 5,465 shares in the company, valued at $3,831,839.40. This trade represents a 30.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jennifer A. Parmentier sold 4,906 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $704.69, for a total transaction of $3,457,209.14. Following the transaction, the chief executive officer now owns 33,607 shares in the company, valued at $23,682,516.83. This represents a 12.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,927 shares of company stock worth $12,807,811. 0.39% of the stock is currently owned by company insiders.

Parker-Hannifin Company Profile

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.