Parker-Hannifin Corporation (NYSE:PH) is expected to pay $0.63 on Dec 2, 2016. The indicated annual dividend is $2.52. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Parker-Hannifin Corporation’s current price of $120.55, the dividend is 0.52%. This dividend’s record date is Nov 10, 2016 and the announcement date is Oct 27, 2016. The stock increased 1.06% or $1.26 on November 4, hitting $120.55. Parker-Hannifin Corp (NYSE:PH) has risen 10.75% since April 5, 2016 and is uptrending. It has outperformed by 8.79% the S&P500.
Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The company has a market cap of $16.13 billion. The Firm operates through divisions: Diversified Industrial and Aerospace Systems. It has a 19.97 P/E ratio. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment.
Insitutional Activity: The institutional sentiment increased to 1.15 in Q2 2016. Its up 0.25, from 0.9 in 2016Q1. The ratio is positive, as 41 funds sold all Parker-Hannifin Corp shares owned while 169 reduced positions. 61 funds bought stakes while 181 increased positions. They now own 105.78 million shares or 5.51% less from 111.95 million shares in 2016Q1.
Utah Retirement, a Utah-based fund reported 24,494 shares. Bbr Prns Limited Liability Corp last reported 4,306 shares in the company. Wealthtrust Fairport Lc accumulated 0.23% or 16,786 shares. Royal Fincl Bank Of Canada last reported 110,150 shares in the company. Exxonmobil Inv Management Tx has 34,862 shares for 0.08% of their US portfolio. Middleton And Ma accumulated 0.06% or 2,255 shares. Btim reported 2,550 shares or 0% of all its holdings. Fifth Third Bank & Trust last reported 6,795 shares in the company. Private Advisor Group Lc has 3,384 shares for 0.01% of their US portfolio. Moreover, Ig Investment Limited has 0.14% invested in Parker-Hannifin Corp (NYSE:PH) for 337,250 shares. Commonwealth Of Pennsylvania School Empls Retrmt has 0.02% invested in the company for 10,784 shares. Teacher Retirement Of Texas owns 255,407 shares or 0.19% of their US portfolio. Thompson Siegel And Walmsley Lc, a Virginia-based fund reported 367 shares. Palladium Prtnrs Ltd Liability Company last reported 0.03% of its portfolio in the stock. Oregon Public Employees Retirement Fund has 0.07% invested in the company for 29,823 shares.
Insider Transactions: Since May 10, 2016, the stock had 0 insider buys, and 9 insider sales for $5.38 million net activity. Suever Catherine A sold $125,628 worth of Parker-Hannifin Corp (NYSE:PH) on Friday, August 12. Keller Kurt A also sold $92,443 worth of Parker-Hannifin Corp (NYSE:PH) on Monday, August 8. 1,500 shares were sold by Dedinsky John G Jr, worth $175,435 on Wednesday, June 8. Another trade for 5,172 shares valued at $599,980 was made by Marten Jon P. on Monday, June 6. BOND ROBERT W sold $1.75 million worth of stock or 14,043 shares. Another trade for 223 shares valued at $26,985 was made by Greco John R on Friday, August 5. The insider MAXWELL MARTIN C sold $107,712.
Parker-Hannifin Corp (NYSE:PH) Ratings Coverage
Out of 12 analysts covering Parker-Hannifin (NYSE:PH), 1 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 8% are positive. Parker-Hannifin has been the topic of 26 analyst reports since August 9, 2015 according to StockzIntelligence Inc. The rating was downgraded by Citigroup on Tuesday, October 20 to “Neutral”. The rating was downgraded by JP Morgan on Monday, June 27 to “Underweight”. The stock of Parker-Hannifin Corp (NYSE:PH) has “Neutral” rating given on Monday, October 26 by Bank of America. The rating was upgraded by JP Morgan on Friday, October 9 to “Neutral”. The stock of Parker-Hannifin Corp (NYSE:PH) has “Hold” rating given on Tuesday, October 27 by Argus Research. As per Wednesday, January 20, the company rating was downgraded by Jefferies. The rating was downgraded by Vertical Research to “Sell” on Thursday, March 10. The stock of Parker-Hannifin Corp (NYSE:PH) has “Buy” rating given on Wednesday, October 5 by Stifel Nicolaus. Goldman Sachs downgraded it to “Sell” rating and $92 target price in Monday, March 28 report. The firm has “Hold” rating given on Sunday, August 9 by Zacks.
More news for Parker-Hannifin Corp (NYSE:PH) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Parker Hannifin, Kennametal and Boeing” on November 04, 2016. Nasdaq.com‘s article titled: “Earnings Reaction History: Parker Hannifin Corporation, 22.2% Follow-Through …” and published on October 21, 2016 is yet another important article.
PH Company Profile
Parker-Hannifin Corporation, incorporated on December 30, 1938, is a maker of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Firm operates through divisions: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment. The Aerospace Systems Segment produces hydraulic, fuel, pneumatic and electro-mechanical systems and components, which are utilized on domestic commercial, military and general aviation aircrafts.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.