Loomis Sayles & Co. L P Purchases 61,289 Shares of Parker-Hannifin Co. (NYSE:PH)

Loomis Sayles & Co. L P lifted its position in shares of Parker-Hannifin Co. (NYSE:PH) by 12.4% during the third quarter, Holdings Channel.com reports. The firm owned 556,178 shares of the industrial products company’s stock after purchasing an additional 61,289 shares during the period. Loomis Sayles & Co. L P’s holdings in Parker-Hannifin were worth $351,404,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PH. BOKF NA grew its holdings in shares of Parker-Hannifin by 12.9% during the first quarter. BOKF NA now owns 2,107 shares of the industrial products company’s stock valued at $1,161,000 after buying an additional 241 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Parker-Hannifin by 8.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 196,960 shares of the industrial products company’s stock valued at $109,470,000 after purchasing an additional 15,079 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new stake in Parker-Hannifin during the 1st quarter worth approximately $548,000. Zurich Insurance Group Ltd FI bought a new position in shares of Parker-Hannifin in the first quarter valued at approximately $2,001,000. Finally, Silvercrest Asset Management Group LLC boosted its position in shares of Parker-Hannifin by 12.8% during the first quarter. Silvercrest Asset Management Group LLC now owns 12,812 shares of the industrial products company’s stock valued at $7,121,000 after buying an additional 1,453 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Parker-Hannifin news, VP Joseph R. Leonti sold 5,877 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $631.04, for a total transaction of $3,708,622.08. Following the sale, the vice president now owns 15,350 shares in the company, valued at $9,686,464. This trade represents a 27.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Thomas C. Gentile sold 2,430 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $701.16, for a total value of $1,703,818.80. Following the completion of the transaction, the vice president now owns 5,465 shares of the company’s stock, valued at $3,831,839.40. The trade was a 30.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,077 shares of company stock worth $12,303,829. Corporate insiders own 0.39% of the company’s stock.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $706.87 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.57 and a current ratio of 0.96. Parker-Hannifin Co. has a fifty-two week low of $426.49 and a fifty-two week high of $711.60. The stock has a market cap of $90.99 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 2.85 and a beta of 1.43. The stock has a fifty day moving average of $647.32 and a 200-day moving average of $580.73.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $6.20 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the prior year, the business posted $5.96 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. Equities research analysts anticipate that Parker-Hannifin Co. will post 26.77 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be given a dividend of $1.63 per share. The ex-dividend date is Friday, November 8th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.92%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 29.45%.

Analyst Upgrades and Downgrades

PH has been the subject of several analyst reports. Evercore ISI increased their target price on shares of Parker-Hannifin from $620.00 to $656.00 and gave the company an “outperform” rating in a report on Monday, August 19th. TD Cowen upped their target price on Parker-Hannifin from $520.00 to $575.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Barclays increased their price target on Parker-Hannifin from $650.00 to $703.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Raymond James upped their price objective on Parker-Hannifin from $610.00 to $650.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Parker-Hannifin from $595.00 to $645.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $691.40.

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 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.