Holocene Advisors LP Has $250.17 Million Holdings in Parker-Hannifin Co. (NYSE:PH)

Holocene Advisors LP decreased its position in Parker-Hannifin Co. (NYSE:PH) by 16.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 395,954 shares of the industrial products company’s stock after selling 77,855 shares during the quarter. Parker-Hannifin accounts for approximately 1.0% of Holocene Advisors LP’s holdings, making the stock its 18th largest holding. Holocene Advisors LP owned 0.31% of Parker-Hannifin worth $250,172,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PH. Massmutual Trust Co. FSB ADV increased its stake in Parker-Hannifin by 15.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 775 shares of the industrial products company’s stock valued at $392,000 after buying an additional 104 shares during the last quarter. HBW Advisory Services LLC acquired a new stake in shares of Parker-Hannifin in the second quarter valued at about $209,000. Mather Group LLC. raised its holdings in Parker-Hannifin by 1.9% during the second quarter. Mather Group LLC. now owns 2,594 shares of the industrial products company’s stock worth $1,442,000 after acquiring an additional 49 shares in the last quarter. New England Research & Management Inc. acquired a new position in Parker-Hannifin during the second quarter valued at approximately $395,000. Finally, Kingswood Wealth Advisors LLC grew its stake in Parker-Hannifin by 70.4% in the second quarter. Kingswood Wealth Advisors LLC now owns 9,491 shares of the industrial products company’s stock valued at $4,801,000 after purchasing an additional 3,921 shares in the last quarter. 82.44% of the stock is currently owned by institutional investors.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, 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 sale, the vice president now owns 5,465 shares in the company, valued at approximately $3,831,839.40. The trade was a 30.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Andrew D. Ross sold 4,864 shares of Parker-Hannifin stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $706.04, for a total value of $3,434,178.56. Following the completion of the transaction, the chief operating officer now directly owns 13,120 shares in the company, valued at approximately $9,263,244.80. This represents a 27.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,077 shares of company stock valued at $12,303,829 over the last quarter. 0.39% of the stock is owned by corporate insiders.

Parker-Hannifin Stock Performance

NYSE:PH opened at $702.90 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.57 and a debt-to-equity ratio of 0.52. The stock has a 50 day simple moving average of $656.37 and a 200 day simple moving average of $585.92. Parker-Hannifin Co. has a 1-year low of $426.78 and a 1-year high of $712.42. The stock has a market cap of $90.48 billion, a P/E ratio of 31.75, a PEG ratio of 2.84 and a beta of 1.43.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, October 31st. The industrial products company reported $6.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.14 by $0.06. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. The company had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the business posted $5.96 earnings per share. Parker-Hannifin’s quarterly revenue was up 1.2% on a year-over-year basis. Research analysts anticipate that Parker-Hannifin Co. will post 26.77 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Friday, November 8th. Parker-Hannifin’s payout ratio is currently 29.45%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PH. Mizuho upped their price objective on Parker-Hannifin from $665.00 to $715.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. StockNews.com raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. TD Cowen boosted their price objective on shares of Parker-Hannifin from $520.00 to $575.00 and gave the stock a “hold” rating in a research note on Tuesday, November 12th. Barclays raised their target price on shares of Parker-Hannifin from $650.00 to $703.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Finally, KeyCorp boosted their price target on Parker-Hannifin from $725.00 to $775.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $691.40.

About Parker-Hannifin

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.