Calamos Advisors LLC continued to hold its stake in Parker-Hannifin Corp. (NYSE:PH) during the second quarter, Holdings Channel reports. The firm owned 1,965 shares of the company’s stock at the end of the second quarter. Calamos Advisors LLC’s holdings in Parker-Hannifin Corp. were worth $212,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the stock. NN Investment Partners Holdings N.V. bought a new position in shares of Parker-Hannifin Corp. during the first quarter worth approximately $101,000. Checchi Capital Advisers LLC increased its position in shares of Parker-Hannifin Corp. by 1.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,653 shares of the company’s stock worth $179,000 after buying an additional 31 shares during the last quarter. Rehmann Capital Advisory Group bought a new position in shares of Parker-Hannifin Corp. during the first quarter worth approximately $202,000. Acadian Asset Management LLC bought a new position in shares of Parker-Hannifin Corp. during the second quarter worth approximately $222,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Parker-Hannifin Corp. during the second quarter worth approximately $238,000. Institutional investors and hedge funds own 80.67% of the company’s stock.
Shares of Parker-Hannifin Corp. (NYSE:PH) traded down 1.78% during trading on Friday, hitting $124.66. 1,409,993 shares of the stock were exchanged. The company has a market cap of $16.69 billion, a P/E ratio of 21.16 and a beta of 1.49. The firm’s 50-day moving average is $123.41 and its 200 day moving average is $115.76. Parker-Hannifin Corp. has a 1-year low of $83.32 and a 1-year high of $128.24.
Parker-Hannifin Corp. (NYSE:PH) last released its earnings results on Thursday, August 4th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.15. Parker-Hannifin Corp. had a net margin of 7.10% and a return on equity of 18.37%. The business earned $2.96 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period last year, the business earned $1.73 earnings per share. The firm’s revenue was down 6.0% on a year-over-year basis. Equities analysts forecast that Parker-Hannifin Corp. will post $6.80 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Monday, August 29th were paid a $0.63 dividend. The ex-dividend date of this dividend was Thursday, August 25th. This represents a $2.52 annualized dividend and a dividend yield of 2.02%. Parker-Hannifin Corp.’s dividend payout ratio is presently 42.86%.
PH has been the subject of several recent research reports. Zacks Investment Research raised shares of Parker-Hannifin Corp. from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Tuesday. Stifel Nicolaus raised shares of Parker-Hannifin Corp. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $131.00 to $141.00 in a research report on Wednesday. Wells Fargo & Co. raised shares of Parker-Hannifin Corp. from a “market perform” rating to an “outperform” rating in a research report on Thursday, June 30th. Deutsche Bank AG reissued a “hold” rating and issued a $109.00 target price on shares of Parker-Hannifin Corp. in a research report on Thursday, August 25th. Finally, Credit Suisse Group AG reissued a “buy” rating and issued a $131.00 target price on shares of Parker-Hannifin Corp. in a research report on Friday, August 5th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $116.12.
In other Parker-Hannifin Corp. news, VP Robert W. Bond sold 14,043 shares of Parker-Hannifin Corp. stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $124.51, for a total transaction of $1,748,493.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kurt A. Keller sold 757 shares of Parker-Hannifin Corp. stock in a transaction on Monday, August 8th. The stock was sold at an average price of $122.12, for a total transaction of $92,444.84. Following the transaction, the vice president now directly owns 28,904 shares of the company’s stock, valued at $3,529,756.48. The disclosure for this sale can be found here. 2.73% of the stock is currently owned by corporate insiders.
About Parker-Hannifin Corp.
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.