What’s Propelling Parker-Hannifin Corp to Increase So Much?

 What's Propelling Parker Hannifin Corp to Increase So Much?

In today’s session Parker-Hannifin Corp (PH) registered an unusually high (1,016) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious PH increase. With 1,016 contracts traded and 20414 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: PH161118C00115000 closed last at: $11.1 or 79% up. About 611,402 shares traded hands. Parker-Hannifin Corp (NYSE:PH) has risen 15.94% since April 7, 2016 and is uptrending. It has outperformed by 11.16% the S&P500.

Parker-Hannifin Corp (NYSE:PH) Ratings Coverage

Out of 14 analysts covering Parker-Hannifin (NYSE:PH), 3 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 21% are positive. Parker-Hannifin has been the topic of 29 analyst reports since August 9, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, October 20 by Citigroup. The firm has “Overweight” rating given on Monday, November 7 by Morgan Stanley. Bank of America downgraded the stock to “Neutral” rating in Monday, October 26 report. On Monday, June 27 the stock rating was downgraded by JP Morgan to “Underweight”. On Sunday, August 9 the stock rating was downgraded by Zacks to “Hold”. The company was upgraded on Tuesday, November 8 by JP Morgan. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 5. The stock of Parker-Hannifin Corp (NYSE:PH) has “Hold” rating given on Tuesday, August 25 by Deutsche Bank. Argus Research downgraded the shares of PH in a report on Tuesday, October 27 to “Hold” rating. The stock of Parker-Hannifin Corp (NYSE:PH) earned “Sell” rating by Goldman Sachs on Monday, March 28.

According to Zacks Investment Research, “Parker-Hannifin Corporation is a leading worldwide full-line manufacturer of motion control products, including fluid power systems, electro-mechanical controls and related components. Fluid power involves the transfer and control of power through the medium of liquid, gas or air, in hydraulic, pneumatic and vacuum applications. Fluid power systems move and position materials, control machines, vehicles and equipment and improve industrial efficiency and productivity.”

Insitutional Activity: The institutional sentiment increased to 1.15 in 2016 Q2. Its up 0.25, from 0.9 in 2016Q1. The ratio improved, 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.
Highbridge Cap Mngmt Ltd Llc, a New York-based fund reported 11,683 shares. Raymond James Na accumulated 0.02% or 2,642 shares. Meeder Asset Mgmt accumulated 0% or 81 shares. D E Shaw Comm Inc last reported 0.02% of its portfolio in the stock. Adage Partners Gp Limited Company reported 494,428 shares or 0.15% of all its holdings. Canada Pension Plan Invest Board holds 0.08% of its portfolio in Parker-Hannifin Corp (NYSE:PH) for 175,046 shares. Chevy Chase Tru Inc has 116,273 shares for 0.07% of their US portfolio. Cooke And Bieler L P owns 914,604 shares or 2.2% of their US portfolio. Cornerstone Partners Lc has invested 2.15% of its portfolio in Parker-Hannifin Corp (NYSE:PH). Citadel Advsr Limited Liability Corp last reported 0.11% of its portfolio in the stock. Buckingham Cap Management has 7,921 shares for 0.23% of their US portfolio. Winslow Evans & Crocker last reported 154 shares in the company. Moreover, Barclays Public Limited has 0.03% invested in Parker-Hannifin Corp (NYSE:PH) for 201,331 shares. Thrivent For Lutherans last reported 13,795 shares in the company. Axa reported 435,814 shares or 0.21% of all its holdings.

Insider Transactions: Since May 10, 2016, the stock had 0 buys, and 9 selling transactions for $5.38 million net activity. $1.36M worth of Parker-Hannifin Corp (NYSE:PH) shares were sold by BANKS LEE C. Dedinsky John G Jr sold $175,435 worth of stock or 1,500 shares. On Friday, August 12 the insider Suever Catherine A sold $125,628. $107,712 worth of Parker-Hannifin Corp (NYSE:PH) was sold by MAXWELL MARTIN C. $1.75 million worth of Parker-Hannifin Corp (NYSE:PH) shares were sold by BOND ROBERT W. 5,172 Parker-Hannifin Corp (NYSE:PH) shares with value of $599,980 were sold by Marten Jon P.. The insider Greco John R sold $26,985.

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 $17.53 billion. The Firm operates through divisions: Diversified Industrial and Aerospace Systems. It has a 21.64 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.

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.

Another recent and important Parker-Hannifin Corp (NYSE:PH) news was published by Forbes.com which published an article titled: “Ex-Dividend Reminder: Parker Hannifin, Kennametal and Boeing” on November 04, 2016.

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