Massmutual Trust Co. FSB ADV Has $105,000 Position in Parker-Hannifin Co. (NYSE:PH)

Massmutual Trust Co. FSB ADV lifted its stake in shares of Parker-Hannifin Co. (NYSE:PHGet Rating) by 16.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 428 shares of the industrial products company’s stock after acquiring an additional 62 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Parker-Hannifin were worth $105,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Moody National Bank Trust Division acquired a new position in shares of Parker-Hannifin during the 2nd quarter valued at $303,000. Adirondack Trust Co. increased its position in shares of Parker-Hannifin by 4,500.0% during the second quarter. Adirondack Trust Co. now owns 230 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 225 shares in the last quarter. Brasada Capital Management LP acquired a new stake in shares of Parker-Hannifin in the 1st quarter worth about $874,000. Verition Fund Management LLC lifted its position in Parker-Hannifin by 492.2% in the 1st quarter. Verition Fund Management LLC now owns 6,567 shares of the industrial products company’s stock valued at $1,863,000 after acquiring an additional 5,458 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in Parker-Hannifin during the 1st quarter valued at about $5,717,000. Institutional investors and hedge funds own 82.65% of the company’s stock.

Parker-Hannifin Trading Up 1.9 %

NYSE:PH opened at $265.16 on Tuesday. The company has a current ratio of 2.06, a quick ratio of 1.68 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $34.05 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 1.58 and a beta of 1.57. The firm’s 50 day moving average is $277.11 and its 200 day moving average is $272.42. Parker-Hannifin Co. has a 12 month low of $230.44 and a 12 month high of $340.00.

Parker-Hannifin (NYSE:PHGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The industrial products company reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $4.67 by $0.49. The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.07 billion. Parker-Hannifin had a net margin of 8.29% and a return on equity of 27.81%. Parker-Hannifin’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.38 EPS. Sell-side analysts expect that Parker-Hannifin Co. will post 18.34 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Monday, August 29th were issued a dividend of $1.33 per share. The ex-dividend date was Friday, August 26th. This represents a $5.32 dividend on an annualized basis and a yield of 2.01%. Parker-Hannifin’s payout ratio is 52.78%.

Insider Buying and Selling at Parker-Hannifin

In other Parker-Hannifin news, VP Andrew D. Ross sold 3,224 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $296.30, for a total transaction of $955,271.20. Following the sale, the vice president now owns 9,840 shares of the company’s stock, valued at approximately $2,915,592. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on PH. Stifel Nicolaus cut their price target on Parker-Hannifin from $343.00 to $283.00 in a research note on Monday, July 18th. TheStreet downgraded Parker-Hannifin from a “b” rating to a “c+” rating in a research note on Thursday, August 4th. Barclays lifted their price target on Parker-Hannifin to $340.00 in a research note on Tuesday, August 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Parker-Hannifin from $336.00 to $274.00 and set a “hold” rating on the stock in a research report on Wednesday, July 13th. Finally, Mizuho lifted their target price on shares of Parker-Hannifin from $245.00 to $300.00 and gave the stock a “neutral” rating in a research report on Friday, August 5th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $333.00.

Parker-Hannifin Profile

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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 monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.

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

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