Notable Mover: Time to Buy Parker-Hannifin Corp After Today’s Significant Increase?

Notable Mover: Time to Buy Parker Hannifin Corp After Today's Significant Increase?

The stock of Parker-Hannifin Corp (NYSE:PH) is a huge mover today! About 2.01M shares traded hands or 118.81% up from the average. Parker-Hannifin Corp (NYSE:PH) has risen 16.92% since March 2, 2016 and is uptrending. It has outperformed by 8.66% the S&P500.
The move comes after 6 months positive chart setup for the $16.96 billion company. It was reported on Oct, 5 by Barchart.com. We have $194.39 PT which if reached, will make NYSE:PH worth $8.82B more.

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 $205.64 million for 20.63 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 12 analysts covering Parker-Hannifin (NYSE:PH), 1 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 8% are positive. Parker-Hannifin has been the topic of 25 analyst reports since August 9, 2015 according to StockzIntelligence Inc. JP Morgan downgraded Parker-Hannifin Corp (NYSE:PH) on Monday, June 27 to “Underweight” rating. The company was downgraded on Tuesday, October 27 by Argus Research. The rating was downgraded by Jefferies to “Hold” on Wednesday, January 20. JP Morgan upgraded the stock to “Neutral” rating in Friday, October 9 report. The firm has “Equal-Weight” rating given on Friday, April 1 by Barclays Capital. Zacks downgraded Parker-Hannifin Corp (NYSE:PH) on Sunday, August 9 to “Hold” rating. The stock of Parker-Hannifin Corp (NYSE:PH) earned “Neutral” rating by Bank of America on Monday, October 26. The stock of Parker-Hannifin Corp (NYSE:PH) has “Hold” rating given on Tuesday, August 25 by Deutsche Bank. The company was downgraded on Thursday, March 10 by Vertical Research. The firm has “Sell” rating by Goldman Sachs given 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 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.
Benjamin F Edwards And holds 0.01% or 521 shares in its portfolio. Lazard Asset Mngmt Limited Liability has 0.31% invested in the company for 1.23M shares. Asset Inc accumulated 0.06% or 13,884 shares. The United Kingdom-based Bp Public Limited Company has invested 0.07% in Parker-Hannifin Corp (NYSE:PH). Cap Wealth Planning Ltd Com last reported 0.66% of its portfolio in the stock. Cibc Ww Mkts owns 15,706 shares or 0.01% of their US portfolio. Central Comml Bank & accumulated 0.01% or 164 shares. Peddock Advisors Limited Liability has invested 0.2% of its portfolio in Parker-Hannifin Corp (NYSE:PH). Mycio Wealth Prns Lc holds 372 shares or 0.01% of its portfolio. Washington Trust Financial Bank has 19 shares for 0% of their US portfolio. The United Kingdom-based Lmr Partners Llp has invested 0.1% in Parker-Hannifin Corp (NYSE:PH). Los Angeles Capital Management Equity Rech accumulated 77,349 shares or 0.07% of the stock. Springbok Cap Management last reported 0.01% of its portfolio in the stock. Longview Prns (Guernsey) Ltd holds 6.10M shares or 4.39% of its portfolio. Andra Ap accumulated 0.11% or 39,200 shares.

Insider Transactions: Since April 27, 2016, the stock had 0 insider purchases, and 13 sales for $8.68 million net activity. $175,435 worth of Parker-Hannifin Corp (NYSE:PH) was sold by Dedinsky John G Jr. The insider Greco John R sold $500,592. On Wednesday, August 17 the insider BANKS LEE C sold $1.36 million. Suever Catherine A sold 1,019 shares worth $125,628. BOND ROBERT W also sold $1.75 million worth of Parker-Hannifin Corp (NYSE:PH) on Thursday, September 8. MAXWELL MARTIN C had sold 893 shares worth $107,712. 4,300 Parker-Hannifin Corp (NYSE:PH) shares with value of $500,990 were sold by ELINE WILLIAM G.

Another recent and important Parker-Hannifin Corp (NYSE:PH) news was published by Nasdaq.com which published an article titled: “How To YieldBoost Parker Hannifin Corp. To 13.4% Using Options” on September 23, 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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