Renaissance Technologies LLC acquires 106,930 shares of Parker-Hannifin Co.

According to Renaissance Technologies LLC's most recent 13F filing with the SEC, the business boosted the amount of Parker-Hannifin Co shares it owned by 54.5% during the third quarter of 2018.

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After acquiring an additional 106,930 shares of the industrial products company's stock during the relevant period, the institutional investor now owns 303,180 shares of the company's stock.

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The investor now owns 303,180 shares of the corporation overall. Parker-Hannifin was valued at $73,464,000 following the end of the most recent financial quarter, according to a valuation done by Renaissance Technologies LLC.

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Some other institutional investors have also changed their company investments. Investors have shifted their corporate interests in recent years. During the second quarter, NewEdge Wealth LLC increased its holdings in Parker Hannifin by roughly $621,000 to supplement its existing stake.

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Dimensional Fund Advisors LP grew its holdings of Parker-Hannifin shares by 4.2% during the third quarter covered by the report. Dimensional Fund Advisors LP now owns 1,259,286 shares of the industrial goods company after purchasing an additional 51,032 shares during the most recent quarter. These shares are currently worth $305,175,000 on the open market.

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These shares are available for a total investment of $51,032,400. During the third quarter of 2018, Sumitomo Mitsui Trust Holdings INC grew its holdings in Parker-Hannifin shares by 3.0%. After acquiring an additional 25,072 shares during the most recent quarter, Sumitomo Mitsui Trust Holdings Ltd now owns 870,358 shares of the industrial products company's stock, which has an expected market value of $210,896,000.

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The market value of these shares is assessed to be $210,896,000. During the third quarter, Old National Bank, INC boosted its ownership of Parker Hannifin shares by 41.8%.

Over the most recent fiscal quarter, Old National Bancorp, INC grew its holdings in the industrial products company stock by acquiring 346 more shares.

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This boosted the company's total share count to 1,173, with a market value of $284,000.00.

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Last but not least, Credit Suisse AG grew its ownership of Parker Hannifin shares by 46.9 percent during the third quarter. Credit Suisse AG purchased an additional 110,072 shares of the industrial goods company's stock during the most recent quarter.

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This brings the total number of shares purchased to 344,610 for $83,502,000. As of now, institutional investors hold 81.32% of the company's stock.

On Friday, February 3, Berend Bracht, Vice President of the company, finalized the sale of 1,550 shares of the firm's stock.

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The shares were offered for sale on the open market for $346.55 per share, or $537,152.50 total.

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The vice president of the firm now owns about 1,740 shares of the company's stock as a result of the transaction.

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The vice president's entire holdings, based on the stock's current price, amount to about $602,997.

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You may get more details about the sale by clicking this link, which will lead you to a filing that was submitted to the SEC. The company's vice president, Berend Bracht, concluded the sale of 1,550 shares of the company's stock on Friday, February 3.

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As a consequence of the transaction, the business's vice president now owns around 1,740 shares of company stock.

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The shares were offered for sale on the open market for $346.55 per share, or $537,152.50 total.

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The vice president of the firm now owns about 1,740 shares of the company's stock as a result of the transaction.

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The vice president's entire holdings, based on the stock's current price, amount to about $602,997.

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Lee C. Banks, vice chairman, also sold 16,426 shares of the company's stock on February 3. A total of 5,542,460.92 dollars' worth of the company's stock changed hands on the market, with each share selling for an average price of 337.42 dollars. Following the transaction's conclusion, the insider is now the owner of 110,476 company shares, with a market value of about 37,276,811.92 USD.

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This website section may contain disclosures about the transaction. Insiders at the business have sold 62,454 shares worth $21,706,490 in the last three months. Executives and key employees possess 1.37 percent of the company's outstanding shares.

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When trading opened on the NYSE PH on Friday, the price of each share was established at $349.01. Parker-Hannifin Co's lowest price in the last year has been $230.44, while its best price in the last year has been $361.33. The current ratio is 1.28, the quick ratio is 0.73, and the debt-to-equity ratio is 1.29. All of these figures are relevant to the company's liquidity.

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The company's moving average price over the previous fifty days was $318.47, and over the previous 200 days, it was $294.01. These figures should be evaluated in the context of the company's liquidity. The firm's PE ratio is 36.05, its PEG ratio is 1.50, and its current beta value is 1.55. The corporation now has a market capitalization of $44.77 billion.

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The most current financial report for Parker Hannifin was made available on February 2.

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A firm named Parker-Hannifin trades on the NYSE under the ticker PH.

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The industrial goods industry posted earnings per share of $4.76 for the period under review, $0.31 more than the $4.45 average forecast.

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With a net margin of 7.33% and a return on equity of 28.23%, Parker Hannifin performed well.

These two numbers both represent percentages.

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The actual amount of revenue the firm generated during the quarter was $4.67 billion, above the expected amount of $4.44 billion that market analysts had predicted the company would generate during the quarter.

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In the comparable time of the preceding year's financial statements, the firm posted a profit of $4.46 per share.

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Revenue during the most recent fiscal quarter of the firm increased by 22.2% compared to the same quarter last year.

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According to market experts' forecasts, Parker-Hannifin Corporation would earn 19.49 dollars per share during the current fiscal year.

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Also, on February 10th, the company very recently announced and paid a quarterly dividend. Each stockholder got a dividend payment of $1.33 per share on Friday, March 3.

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This payment was made. The dividends were issued to shareholders on Thursday, February 9, which was a business day. This equates to a 1.52% yield and a $5.32 annual dividend payout for each shareholder.

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Parker-most Hannifin's recent financial report disclosed that the business has a dividend payout ratio (DPR) of 54.96%.

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In recent years, PH has been the focus of several research efforts conducted by various researchers.

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Parker-Stockton Hannifin was raised from "neutral" to "buy" by Mizuho in a research note released on Friday, January 13.

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In addition, they have lifted their price objective for the stock to $310.00, up from $300.00. Trade Algo revised its recommendation for Parker-Hannifin from "buy" to "hold" in a research report released on Monday, citing the company's stock price. KeyCorp's price objective for Parker Hannifin's stock has risen from $335.00 to $390.00 as a result of a research report published on Friday, February 3.

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The "overweight" rating was another of the company's compliments for the stock. Mr. Robert W. Baird boosted their target price on Parker-Hannifin shares from $385.00 to $403.00 in a report issued on Thursday, February 2.

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In a report released on Thursday, November 3, TheStreet upgraded their recommendation on Parker-Hannifin stock from "c+" to "b," suggesting that they believe the business will do better. Seven market analysts advise investors to purchase business stock, while six advise them to retain their current positions.

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According to Trade Algo, the current consensus for Parker-Stockton Hannifin is that the stock should be regarded as a "Moderate Buy," with a price goal of $361.46 linked with this rating.

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