Parker-Hannifin Corp Can’t Be More Risky. Option Traders Sell It

 Parker Hannifin Corp Can't Be More Risky. Option Traders Sell It

In today’s session Parker-Hannifin Corp (PH) recorded an unusually high (213) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious PH decrease. With 213 contracts traded and 6134 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: PH161118P00110000 closed last at: $1.2 or 20% up. The stock decreased 0.84% or $1.05 during the last trading session, hitting $123.65. About 3.12 million shares traded hands or 273.22% up from the average. Parker-Hannifin Corp (NYSE:PH) has risen 16.92% since March 2, 2016 and is uptrending. It has outperformed by 7.67% the S&P500.

Analysts await Parker-Hannifin Corp (NYSE:PH) to report earnings on October, 27. They expect $1.55 earnings per share, up 1.97% or $0.03 from last year’s $1.52 per share. PH’s profit will be $205.96 million for 19.94 P/E if the $1.55 EPS becomes a reality. After $1.90 actual earnings per share reported by Parker-Hannifin Corp for the previous quarter, Wall Street now forecasts -18.42% negative EPS growth.

Parker-Hannifin Corp (NYSE:PH) Ratings Coverage

Out of 11 analysts covering Parker-Hannifin (NYSE:PH), 0 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 0 are positive. Parker-Hannifin has been the topic of 24 analyst reports since August 9, 2015 according to StockzIntelligence Inc. The stock of Parker-Hannifin Corp (NYSE:PH) earned “Neutral” rating by Citigroup on Tuesday, October 20. As per Monday, October 26, the company rating was downgraded by Bank of America. Goldman Sachs downgraded Parker-Hannifin Corp (NYSE:PH) rating on Monday, March 28. Goldman Sachs has “Sell” rating and $92 price target. The company was downgraded on Tuesday, October 27 by Argus Research. The rating was downgraded by Vertical Research to “Sell” on Thursday, March 10. The rating was upgraded by JP Morgan on Friday, October 9 to “Neutral”. Barclays Capital initiated it with “Equal-Weight” rating and $116 target price in Friday, April 1 report. The rating was downgraded by Jefferies on Wednesday, January 20 to “Hold”. JP Morgan downgraded the stock to “Underweight” rating in Monday, June 27 report. Deutsche Bank maintained Parker-Hannifin Corp (NYSE:PH) rating on Tuesday, August 25. Deutsche Bank has “Hold” rating and $109 price target.

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.
Wade G W has 0.04% invested in the company for 1,998 shares. Assetmark Inc owns 162 shares or 0% of their US portfolio. Moreover, Swiss National Bank & Trust has 0.07% invested in Parker-Hannifin Corp (NYSE:PH) for 378,632 shares. Ontario Teachers Pension Plan Board last reported 49,874 shares in the company. Moreover, Kcg has 0.09% invested in Parker-Hannifin Corp (NYSE:PH) for 41,178 shares. Alexandria Lc last reported 67 shares in the company. Qci Asset Ny accumulated 0% or 83 shares. Architects Incorporated holds 0% or 135 shares in its portfolio. California Public Employees Retirement Sys has 0.07% invested in the company for 392,224 shares. Caisse De Depot Et Placement Du Quebec owns 59,000 shares or 0.02% of their US portfolio. Goldman Sachs Gp reported 368,617 shares or 0.01% of all its holdings. River Road Asset Mgmt Lc accumulated 0.84% or 365,429 shares. Meeder Asset Mgmt holds 81 shares or 0% of its portfolio. Moreover, Hennessy Advisors has 0.06% invested in Parker-Hannifin Corp (NYSE:PH) for 19,200 shares. Citigroup holds 0.01% of its portfolio in Parker-Hannifin Corp (NYSE:PH) for 78,640 shares.

Insider Transactions: Since April 27, 2016, the stock had 0 insider purchases, and 13 selling transactions for $8.68 million net activity. Another trade for 4,300 shares valued at $500,592 was sold by Greco John R. Dedinsky John G Jr also sold $175,435 worth of Parker-Hannifin Corp (NYSE:PH) on Wednesday, June 8. BOND ROBERT W had sold 14,043 shares worth $1.75M on Thursday, September 8. ELINE WILLIAM G had sold 4,300 shares worth $500,990 on Thursday, April 28. 893 shares were sold by MAXWELL MARTIN C, worth $107,712 on Friday, August 5. Shares for $92,443 were sold by Keller Kurt A. $1.36 million worth of Parker-Hannifin Corp (NYSE:PH) was sold by BANKS LEE C.

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 $16.43 billion. The Firm operates through divisions: Diversified Industrial and Aerospace Systems. It has a 20.98 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.

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