CANBERRA: Commonwealth Bank of Australia reduced its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 3.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,449 shares of the company’s stock after selling 600 shares during the period. Commonwealth Bank of Australia’s holdings in Parker-Hannifin Corporation were worth $1,939,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of PH. Acadian Asset Management LLC acquired a new position in shares of Parker-Hannifin Corporation during the second quarter valued at approximately $222,000. Robeco Institutional Asset Management B.V. increased its position in shares of Parker-Hannifin Corporation by 22.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 37,624 shares of the company’s stock valued at $4,065,000 after buying an additional 6,781 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Parker-Hannifin Corporation by 119.3% in the second quarter. Daiwa Securities Group Inc. now owns 13,550 shares of the company’s stock valued at $1,464,000 after buying an additional 7,370 shares during the last quarter. Shell Asset Management Co. increased its position in shares of Parker-Hannifin Corporation by 36.1% in the second quarter. Shell Asset Management Co. now owns 22,494 shares of the company’s stock valued at $2,430,000 after buying an additional 5,972 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Parker-Hannifin Corporation during the second quarter valued at approximately $91,657,000. 78.49% of the stock is owned by institutional investors and hedge funds. Parker-Hannifin Corporation (NYSE:PH) traded down 1.75% during trading on Tuesday, hitting $143.69. The company’s stock had a trading volume of 1,350,963 shares. The firm has a 50 day moving average of $141.91 and a 200 day moving average of $126.66. The firm has a market cap of $19.17 billion, a P/E ratio of 23.83 and a beta of 1.28. Parker-Hannifin Corporation has a 12 month low of $83.32 and a 12 month high of $146.34.
Parker-Hannifin Corporation (NYSE:PH) last announced its quarterly earnings data on Friday, October 21st. The company reported $1.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.05. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Parker-Hannifin Corporation had a return on equity of 18.74% and a net margin of 7.32%. Parker-Hannifin Corporation’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.52 EPS. Equities research analysts predict that Parker-Hannifin Corporation will post $6.83 earnings per share for the current year.
