Todays Report: Today: Ancora Inverness LLC Sold shares of Parker-Hannifin Corp. (PH)

Today: Ancora Inverness LLC Sold shares of Parker-Hannifin Corp. (PH)

Ancora Inverness LLC decreased its stake in Parker-Hannifin Corp. (NYSE:PH) by 2.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 11,231 shares of the company’s stock after selling 287 shares during the period. Ancora Inverness LLC’s holdings in Parker-Hannifin Corp. were worth $1,410,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PH. Sentry Investment Management LLC raised its position in shares of Parker-Hannifin Corp. by 253.3% in the third quarter. Sentry Investment Management LLC now owns 35,121 shares of the company’s stock valued at $4,409,000 after buying an additional 25,180 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Parker-Hannifin Corp. by 133.1% in the third quarter. Global X Management Co. LLC now owns 1,226 shares of the company’s stock valued at $154,000 after buying an additional 700 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Parker-Hannifin Corp. by 49.4% in the third quarter. JPMorgan Chase & Co. now owns 1,083,010 shares of the company’s stock valued at $135,949,000 after buying an additional 358,309 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Parker-Hannifin Corp. by 236.7% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,155 shares of the company’s stock valued at $145,000 after buying an additional 812 shares in the last quarter. Finally, Markel Corp raised its position in shares of Parker-Hannifin Corp. by 23.9% in the third quarter. Markel Corp now owns 70,600 shares of the company’s stock valued at $8,862,000 after buying an additional 13,600 shares in the last quarter. 78.46% of the stock is owned by institutional investors and hedge funds.

Parker-Hannifin Corp. (NYSE:PH) traded down 0.99% on Monday, hitting $137.66. The stock had a trading volume of 135,543 shares. Parker-Hannifin Corp. has a 1-year low of $83.32 and a 1-year high of $140.07. The company’s 50 day moving average is $127.86 and its 200-day moving average is $119.57. The firm has a market capitalization of $18.36 billion, a price-to-earnings ratio of 22.83 and a beta of 1.23.

Parker-Hannifin Corp. (NYSE:PH) last announced its quarterly earnings data on Friday, October 21st. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.05. The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Parker-Hannifin Corp. had a net margin of 7.32% and a return on equity of 18.74%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.52 earnings per share. On average, analysts forecast that Parker-Hannifin Corp. will post $6.82 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 10th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $2.52 dividend on an annualized basis and a yield of 1.81%. Parker-Hannifin Corp.’s dividend payout ratio (DPR) is 41.86%.

PH has been the topic of several research reports. Jefferies Group restated a “hold” rating on shares of Parker-Hannifin Corp. in a research note on Monday, September 12th. Zacks Investment Research lowered Parker-Hannifin Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 17th. Stifel Nicolaus upgraded Parker-Hannifin Corp. from a “hold” rating to a “buy” rating and upped their price objective for the company from $131.00 to $141.00 in a research note on Wednesday, October 5th. Deutsche Bank AG reiterated a “hold” rating and issued a $109.00 price objective on shares of Parker-Hannifin Corp. in a research note on Thursday, August 25th. Finally, TheStreet lowered Parker-Hannifin Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $123.07.

In related news, VP Robert W. Bond sold 14,043 shares of Parker-Hannifin Corp. stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $124.51, for a total value of $1,748,493.93. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.

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