Natixis Advisors L.P. Acquires Shares of 10,733 Parker-Hannifin Corp (NYSE:PH)

Natixis Advisors L.P. acquired a new stake in Parker-Hannifin Corp (NYSE:PH) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,733 shares of the industrial products company’s stock, valued at approximately $1,600,000.

A number of other hedge funds also recently made changes to their positions in the business. Paradigm Asset Management Co. LLC grew its stake in shares of Parker-Hannifin by 7.4% in the third quarter. Paradigm Asset Management Co. LLC now owns 3,650 shares of the industrial products company’s stock worth $671,000 after acquiring an additional 250 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Parker-Hannifin by 1.8% during the third quarter. The Manufacturers Life Insurance Company now owns 233,970 shares of the industrial products company’s stock valued at $43,034,000 after purchasing an additional 4,165 shares in the last quarter. Fruth Investment Management lifted its holdings in shares of Parker-Hannifin by 83.7% during the fourth quarter. Fruth Investment Management now owns 7,900 shares of the industrial products company’s stock valued at $1,178,000 after purchasing an additional 3,600 shares in the last quarter. American International Group Inc. lifted its holdings in shares of Parker-Hannifin by 4.8% during the third quarter. American International Group Inc. now owns 57,899 shares of the industrial products company’s stock valued at $10,649,000 after purchasing an additional 2,649 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Parker-Hannifin by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 2,942,573 shares of the industrial products company’s stock valued at $541,228,000 after purchasing an additional 258,502 shares in the last quarter. Hedge funds and other institutional investors own 81.37% of the company’s stock.

In other news, Director Candy M. Obourn sold 926 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $162.18, for a total value of $150,178.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Roger S. Sherrard sold 2,040 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $171.80, for a total value of $350,472.00. Following the completion of the sale, the vice president now directly owns 62,620 shares of the company’s stock, valued at $10,758,116. The disclosure for this sale can be found here. Insiders have sold a total of 10,445 shares of company stock valued at $1,814,218 in the last 90 days. 1.12% of the stock is currently owned by company insiders.

Shares of NYSE:PH traded down $0.78 during trading on Monday, hitting $187.86. 814,513 shares of the company’s stock were exchanged, compared to its average volume of 889,685. The company has a current ratio of 1.52, a quick ratio of 1.01 and a debt-to-equity ratio of 0.74. Parker-Hannifin Corp has a 52-week low of $140.82 and a 52-week high of $193.19. The stock has a market capitalization of $24.40 billion, a P/E ratio of 18.03, a P/E/G ratio of 1.75 and a beta of 1.46.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, January 31st. The industrial products company reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.10. Parker-Hannifin had a return on equity of 25.82% and a net margin of 9.69%. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter last year, the business posted $2.15 earnings per share. On average, research analysts predict that Parker-Hannifin Corp will post 11.65 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on PH. Barclays upped their price target on Parker-Hannifin from $178.00 to $186.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Stifel Nicolaus downgraded Parker-Hannifin from a “buy” rating to a “hold” rating and lowered their price target for the company from $181.00 to $171.00 in a report on Friday, February 1st. Vertical Research downgraded Parker-Hannifin from a “buy” rating to a “hold” rating and set a $175.00 price target on the stock. in a report on Friday, February 1st. Morgan Stanley set a $172.00 target price on Parker-Hannifin and gave the company a “hold” rating in a report on Saturday, February 2nd. Finally, Robert W. Baird set a $180.00 target price on Parker-Hannifin and gave the company a “buy” rating in a report on Saturday, February 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. Parker-Hannifin has a consensus rating of “Hold” and a consensus price target of $181.39.

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Parker-Hannifin Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.

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

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