November 25, 2016 - By Louis Casey · 0 Comments
Parker Hannifin Corp (NYSE:PH) institutional sentiment decreased to 1.02 in 2016 Q2. Its down -0.13, from 1.15 in 2016Q1. The ratio dropped, as 242 active investment managers started new or increased positions, while 210 decreased and sold their holdings in Parker Hannifin Corp. The active investment managers in our partner’s database now own: 105.78 million shares, down from 111.95 million shares in 2016Q1. Also, the number of active investment managers holding Parker Hannifin Corp in their top 10 positions decreased from 8 to 4 for a decrease of 4. Sold All: 41 Reduced: 169 Increased: 181 New Position: 61.
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 $18.61 billion. The Firm operates through divisions: Diversified Industrial and Aerospace Systems. It has a 23.03 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.
The stock increased 0.56% or $0.77 during the last trading session, hitting $139.04. About 251,686 shares traded hands. Parker-Hannifin Corp (NYSE:PH) has risen 21.30% since April 22, 2016 and is uptrending. It has outperformed by 15.89% the S&P500.
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 $187.38M for 24.83 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.
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.”
Vulcan Value Partners Llc holds 4.99% of its portfolio in Parker-Hannifin Corp for 4.69 million shares. Longview Partners (Guernsey) Ltd owns 6.10 million shares or 4.39% of their US portfolio. Moreover, Anchor Bolt Capital Lp has 2.73% invested in the company for 723,905 shares. The New York-based Pzena Investment Management Llc has invested 2.59% in the stock. Cooke & Bieler Lp, a Pennsylvania-based fund reported 914,604 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 17 selling transactions for $11.27 million net activity.
Ratings analysis reveals 21% of Parker-Hannifin’s analysts are positive. Out of 14 Wall Street analysts rating Parker-Hannifin, 3 give it “Buy”, 1 “Sell” rating, while 10 recommend “Hold”. The lowest target is $90 while the high is $141. The stock’s average target of $107 is -23.04% below today’s ($139.04) share price. PH was included in 29 notes of analysts from August 9, 2015. On Monday, November 7 the stock rating was upgraded by Evercore to “Buy”. The rating was downgraded by JP Morgan on Monday, June 27 to “Underweight”. Barclays Capital initiated it with “Equal-Weight” rating and $116 target price in Friday, April 1 report. The stock of Parker-Hannifin Corp (NYSE:PH) has “Neutral” rating given on Friday, October 9 by JP Morgan. The rating was downgraded by Argus Research to “Hold” on Tuesday, October 27. The company was downgraded on Monday, October 26 by Bank of America. The firm has “Buy” rating given on Wednesday, October 5 by Stifel Nicolaus. Citigroup downgraded Parker-Hannifin Corp (NYSE:PH) on Tuesday, October 20 to “Neutral” rating. The firm earned “Neutral” rating on Tuesday, November 8 by JP Morgan. Morgan Stanley upgraded the stock to “Overweight” rating in Monday, November 7 report.
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.
More important recent Parker-Hannifin Corp (NYSE:PH) news were published by: Crainscleveland.com which released: “CFO of Parker Hannifin Corp. is taking a temporary medical leave of absence” on November 21, 2016, also Forbes.com published article titled: “Ex-Dividend Reminder: Parker Hannifin, Kennametal and Boeing”, Reuters.com published: “BRIEF-Parker-hannifin Corp’s CFO to take temporary medical leave of absenc…” on November 21, 2016. More interesting news about Parker-Hannifin Corp (NYSE:PH) was released by: Seekingalpha.com and their article: “Dividend Kings #16: Parker-Hannifin Still At 10% Discount After A Rally Of 25%” with publication date: November 23, 2016.
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By Louis Casey