Parker-Hannifin (PH) Share Price May Be About to Change Direction; Goldman Sachs Downgrades Them

July 16, 2018 - By Mary Kidd

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Investors sentiment decreased to 1 in Q1 2018. Its down 0.07, from 1.07 in 2017Q4. It worsened, as 52 investors sold Parker-Hannifin Corporation shares while 212 reduced holdings. 82 funds opened positions while 181 raised stakes. 101.24 million shares or 0.34% more from 100.90 million shares in 2017Q4 were reported.

Gabelli Funds Limited Liability Company has 0.03% invested in Parker-Hannifin Corporation (NYSE:PH). Barclays Public Limited Company stated it has 431,259 shares. Nordea Inv Ab holds 0.02% or 52,480 shares in its portfolio. Johnson Grp Inc holds 0.06% or 2,905 shares. Stephens Ar invested in 0.02% or 2,715 shares. The New York-based Gideon Cap Advisors has invested 0.39% in Parker-Hannifin Corporation (NYSE:PH). Moreover, Zeke Capital Advisors Limited has 0.04% invested in Parker-Hannifin Corporation (NYSE:PH) for 2,845 shares. Peddock Cap Advsrs Llc has invested 0.26% in Parker-Hannifin Corporation (NYSE:PH). Nj State Employees Deferred Compensation Plan reported 5,000 shares stake. Gradient Limited Liability Company holds 7 shares. King Luther Cap reported 150,512 shares. Franklin Res Inc owns 0% invested in Parker-Hannifin Corporation (NYSE:PH) for 10,020 shares. Jane Street Gru Ltd Limited Liability Company, New York-based fund reported 48,649 shares. Architects Inc reported 267 shares stake. Mason Street Ltd Liability accumulated 18,533 shares.

Since February 16, 2018, it had 0 insider buys, and 9 sales for $3.35 million activity. On Monday, May 7 the insider Weeks Andrew M sold $440,346. Suever Catherine A had sold 2,148 shares worth $376,184. OBOURN CANDY M sold 1,825 shares worth $300,997. SCAMINACE JOSEPH sold $211,689 worth of stock or 1,149 shares. On Wednesday, May 16 the insider Gentile Thomas C sold $100,737. Keller Kurt A also sold $1.28 million worth of Parker-Hannifin Corporation (NYSE:PH) shares.

Parker-Hannifin (PH) Receives a Downgrade

Goldman Sachs has given Parker-Hannifin (PH) shares a new “Neutral” rating in a note sent to investors on Monday morning. This was a cut from the previous “Buy” rating.

The stock decreased 2.25% or $3.64 during the last trading session, reaching $157.87. About 675,223 shares traded. Parker-Hannifin Corporation (PH) has risen 11.37% since July 16, 2017 and is uptrending. It has underperformed by 1.20% the S&P500.

Analysts await Parker-Hannifin Corporation (NYSE:PH) to report earnings on August, 2. They expect $2.91 earnings per share, up 18.78 % or $0.46 from last year’s $2.45 per share. PH’s profit will be $386.91 million for 13.56 P/E if the $2.91 EPS becomes a reality. After $2.80 actual earnings per share reported by Parker-Hannifin Corporation for the previous quarter, Wall Street now forecasts 3.93 % EPS growth.

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company has market cap of $20.99 billion. The firm operates in two divisions, Diversified Industrial and Aerospace Systems. It has a 21.39 P/E ratio. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.

More recent Parker-Hannifin Corporation (NYSE:PH) news were published by: Investorplace.com which released: “The World Cup of Dividend Stocks: 8 of the Most Dependable Dividends” on July 16, 2018. Also 247Wallst.com published the news titled: “Top Analyst Upgrades and Downgrades: American Tower, Darden Restaurants, FedEx, Hasbro, Parker-Hannifin, Wells …” on July 16, 2018. Seekingalpha.com‘s news article titled: “Parker Aerospace and GKN Aerospace signs technology development agreement” with publication date: July 16, 2018 was also an interesting one.

Parker-Hannifin Corporation (NYSE:PH) Institutional Positions Chart

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