The stock of Parker-Hannifin Corp (NYSE:PH) reached all time high today, Nov, 10 and still has $215.73 target or 59.00% above today’s $135.68 share price. This indicates more upside for the $18.89 billion company. This technical setup was reported by Barchart.com. If the $215.73 PT is reached, the company will be worth $11.15 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 884,707 shares traded hands. Parker-Hannifin Corp (NYSE:PH) has risen 20.06% since April 8, 2016 and is uptrending. It has outperformed by 14.41% 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 rating was downgraded by Argus Research to “Hold” on Tuesday, October 27. The stock of Parker-Hannifin Corp (NYSE:PH) earned “Equal-Weight” rating by Barclays Capital on Friday, April 1. On Monday, November 7 the stock rating was upgraded by Evercore to “Buy”. The company was downgraded on Monday, June 27 by JP Morgan. The firm has “Hold” rating by Jefferies given on Wednesday, January 20. On Monday, October 26 the stock rating was downgraded by Bank of America to “Neutral”. The firm earned “Neutral” rating on Tuesday, October 20 by Citigroup. On Thursday, March 10 the stock rating was downgraded by Vertical Research to “Sell”. The stock of Parker-Hannifin Corp (NYSE:PH) earned “Sell” rating by Goldman Sachs on Monday, March 28. The stock of Parker-Hannifin Corp (NYSE:PH) has “Hold” rating given on Sunday, August 9 by Zacks.
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 Q2 2016. Its up 0.25, from 0.9 in 2016Q1. The ratio increased, 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.
Pillar Pacific Capital Management Ltd Liability Corp owns 26,315 shares or 0.48% of their US portfolio. The Georgia-based Suntrust Banks has invested 0.01% in Parker-Hannifin Corp (NYSE:PH). The Colorado-based Asset Incorporated has invested 0.05% in Parker-Hannifin Corp (NYSE:PH). The Georgia-based Bowen Hanes And has invested 0.06% in Parker-Hannifin Corp (NYSE:PH). Sumitomo Mitsui Tru Holdings owns 427,278 shares or 0.08% of their US portfolio. Henderson Public Lc holds 0.01% or 13,945 shares in its portfolio. Los Angeles Cap Mngmt And Equity Incorporated holds 0.07% or 77,349 shares in its portfolio. The New York-based Evercore Wealth Mgmt has invested 0% in Parker-Hannifin Corp (NYSE:PH). Amica Retiree Medical Trust owns 1,532 shares or 0.14% of their US portfolio. Blackrock Japan accumulated 169,917 shares or 0.07% of the stock. Franklin Res, a California-based fund reported 41,625 shares. Schwab Charles has 406,205 shares for 0.05% of their US portfolio. Bokf Na has invested 0.02% of its portfolio in Parker-Hannifin Corp (NYSE:PH). Raymond James And Assoc reported 190,194 shares or 0.06% of all its holdings. Focused Wealth Management Inc, a New York-based fund reported 55 shares.
Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 9 selling transactions for $5.38 million net activity. The insider Suever Catherine A sold 1,019 shares worth $125,628. Another trade for 9,756 shares valued at $1.14M was sold by BOND ROBERT W. Greco John R also sold $26,985 worth of Parker-Hannifin Corp (NYSE:PH) on Friday, August 5. MAXWELL MARTIN C had sold 893 shares worth $107,712 on Friday, August 5. BANKS LEE C sold $1.36 million worth of stock or 10,953 shares. The insider Keller Kurt A sold 757 shares worth $92,443. 1,500 shares were sold by Dedinsky John G Jr, worth $175,435.
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.
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.
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