Market Runner: Could Parker-Hannifin Corp Lose Strenght? The Stock Increases A Lot Today

Market Runner: Could Parker Hannifin Corp Lose Strenght? The Stock Increases A Lot Today

The stock of Parker-Hannifin Corp (NYSE:PH) is a huge mover today! About 1.16M shares traded hands. Parker-Hannifin Corp (NYSE:PH) has risen 20.35% since April 28, 2016 and is uptrending. It has outperformed by 14.42% the S&P500.
The move comes after 9 months positive chart setup for the $19.35 billion company. It was reported on Dec, 1 by Barchart.com. We have $155.89 PT which if reached, will make NYSE:PH worth $1.74 billion more.

Analysts await Parker-Hannifin Corp (NYSE:PH) to report earnings on January, 24. They expect $1.40 EPS, down 7.89% or $0.12 from last year’s $1.52 per share. PH’s profit will be $189.41 million for 25.54 P/E if the $1.40 EPS becomes a reality. After $1.61 actual EPS reported by Parker-Hannifin Corp for the previous quarter, Wall Street now forecasts -13.04% negative EPS growth.

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 Zacks to “Hold” on Sunday, August 9. Morgan Stanley upgraded the shares of PH in a report on Monday, November 7 to “Overweight” rating. On Friday, April 1 the stock rating was initiated by Barclays Capital with “Equal-Weight”. The stock of Parker-Hannifin Corp (NYSE:PH) earned “Underweight” rating by JP Morgan on Monday, June 27. The firm has “Neutral” rating by JP Morgan given on Tuesday, November 8. The rating was upgraded by Stifel Nicolaus on Wednesday, October 5 to “Buy”. The rating was downgraded by Bank of America to “Neutral” on Monday, October 26. The stock of Parker-Hannifin Corp (NYSE:PH) has “Neutral” rating given on Tuesday, October 20 by Citigroup. The firm has “Neutral” rating by JP Morgan given on Friday, October 9. Vertical Research downgraded the stock to “Sell” rating in Thursday, March 10 report.

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 decreased to 1.02 in 2016 Q2. Its down 0.13, from 1.15 in 2016Q1. The ratio worsened, 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.
Dodge Cox has 0% invested in the company for 4,668 shares. Bank Of Nova Scotia has 2,705 shares for 0% of their US portfolio. Ims Cap Mngmt accumulated 2,050 shares or 0.26% of the stock. Envestnet Asset Mgmt owns 78,375 shares or 0.03% of their US portfolio. Legal & General Pcl reported 622,435 shares or 0.07% of all its holdings. Palladium Prtnrs Llc holds 0.03% or 2,700 shares in its portfolio. The Massachusetts-based Srb Corporation has invested 0.02% in Parker-Hannifin Corp (NYSE:PH). Thrivent Fin For Lutherans last reported 0.01% of its portfolio in the stock. Covington Advsr holds 0.17% or 3,540 shares in its portfolio. Utd Fin Advisers Ltd Liability Com holds 0.07% of its portfolio in Parker-Hannifin Corp (NYSE:PH) for 61,334 shares. Us Commercial Bank De has 0.03% invested in the company for 74,611 shares. Architects has 135 shares for 0% of their US portfolio. Mycio Wealth Limited Com last reported 372 shares in the company. Winslow Evans And Crocker reported 154 shares or 0% of all its holdings. Pictet Asset Mgmt Ltd has 70,549 shares for 0.03% of their US portfolio.

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 17 sales for $11.27 million net activity. On Wednesday, November 9 Serbin Daniel S sold $1.71M worth of the stock or 12,926 shares. 14,043 shares with value of $1.75 million were sold by BOND ROBERT W on Thursday, September 8. MAXWELL MARTIN C sold $107,712 worth of stock or 893 shares. 757 shares were sold by Keller Kurt A, worth $92,443. Sherrard Roger S sold 5,939 shares worth $808,963. Another trade for 223 shares valued at $26,985 was sold by Greco John R. Dedinsky John G Jr also sold $47,297 worth of Parker-Hannifin Corp (NYSE:PH) on Thursday, November 10.

More recent Parker-Hannifin Corp (NYSE:PH) news were published by: Reuters.com which released: “Engineering company Parker-Hannifin to buy Clarcor” on December 01, 2016. Also Crainscleveland.com published the news titled: “CFO of Parker Hannifin Corp. is taking a temporary medical leave of absence” on November 21, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: Parker Hannifin, Kennametal and Boeing” with publication date: November 04, 2016 was also an interesting one.

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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