Capital Planning Advisors LLC Sells 130 Shares of Parker-Hannifin Corporation (NYSE:PH)

Capital Planning Advisors LLC lessened its holdings in Parker-Hannifin Corporation (NYSE:PH) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,763 shares of the industrial products company’s stock after selling 130 shares during the period. Capital Planning Advisors LLC’s holdings in Parker-Hannifin were worth $2,287,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in Parker-Hannifin by 27.2% in the first quarter. SG Americas Securities LLC now owns 31,011 shares of the industrial products company’s stock valued at $18,850,000 after acquiring an additional 6,630 shares during the last quarter. Alley Investment Management Company LLC bought a new stake in Parker-Hannifin in the first quarter valued at approximately $7,996,000. Community Financial Services Group LLC boosted its holdings in Parker-Hannifin by 1,338.2% in the first quarter. Community Financial Services Group LLC now owns 6,630 shares of the industrial products company’s stock valued at $4,030,000 after acquiring an additional 6,169 shares during the last quarter. Heartland Bank & Trust Co bought a new stake in Parker-Hannifin in the first quarter valued at approximately $260,000. Finally, Banco Santander S.A. boosted its holdings in Parker-Hannifin by 70.2% in the first quarter. Banco Santander S.A. now owns 35,645 shares of the industrial products company’s stock valued at $21,667,000 after acquiring an additional 14,705 shares during the last quarter. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Up 0.3%

NYSE PH opened at $727.68 on Monday. The firm has a market capitalization of $92.98 billion, a P/E ratio of 26.83, a PEG ratio of 3.11 and a beta of 1.37. The business has a fifty day simple moving average of $697.59 and a 200 day simple moving average of $656.19. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $745.34. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, topping the consensus estimate of $7.08 by $0.61. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.77 EPS. On average, analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PH has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Parker-Hannifin in a report on Friday. KeyCorp increased their price target on Parker-Hannifin from $790.00 to $810.00 and gave the stock an “overweight” rating in a report on Friday. Stifel Nicolaus increased their price target on Parker-Hannifin from $717.00 to $726.00 and gave the stock a “hold” rating in a report on Friday. Raymond James Financial set a $845.00 price target on Parker-Hannifin and gave the stock an “outperform” rating in a report on Friday. Finally, Barclays restated an “overweight” rating and set a $776.00 price target (up from $750.00) on shares of Parker-Hannifin in a report on Friday. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $763.00.

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.