John Greco Insider Sell Transaction
VP – Pres – Instrumentation Grp, John Greco is the Parker-Hannifin Corporation (NYSE:PH)
Parker Hannifin Corp Stock Rating, Sentiment and Fundamentals
Besides that the stock market right now agrees with him judging from the Bullish / Bearish – Sentiment Index of the giving edge Psychsignal company is at 0.87. The stock analysts are low on Parker Hannifin Corp, projecting it to declare earnings for each share of $7.67 this year. This would give it a 16.26 Price to Earnings ratio. They see earnings per share growth rate year over year of below 13.62%.
|Rating & Sentiment|
|Hedge Funds Sentiment:||NEUTRAL|
|Earnings + FCF Trend:||BUY|
* Read How Our Stock Ratings System Works
Parker Hannifin Corp has had its share price going down by 3.86% in the last 125 days alone, and its continuing to be on a weak downtrend. So that we are confidently rating this stock a “SELL”, not just because of speculative reasons but because our momentum model has shown us so. See the chart below.
Price Chart of Parker-Hannifin Corporation NYSE:PH Stock
Source: RightEdgeSystems, Yahoo Split & Dividend Adjusted Data and OctaFinance Interpretations
Hedge Funds Ownership
Latest SEC 13F filings disclose 533 institutional investors and hedge funds owned Parker Hannifin Corp. Octafinance tracked banks along with hedge funds and other institutional investors have historically had an extremely high interest in the company, and that was also the case in the last quarter. The institutional ownership was 82.25% of the stock’s outstanding shares. They decreased by 3.44 million the total shares they hold. As of that quarter these owners owned 114.06 million shares. There were 66 funds that created new positions and 170 funds that added to their positions. A total of 46 funds closed their positions in Parker Hannifin Corp and 218 reduced their holdings.
According to SEC’s 13F filings, nine institutional advisors are long Parker Hannifin Corp as its in their Top 10 stock portfolios.
Cornerstone Investment Partners Llc had the greatest investment with ownership of 3.00 million shares as of Q4 2014 for 4.39% of the fund’s portfolio. Trust Co is another positive asset manager having 26,157 shares of the company or 3.03% of their stocks portfolio. The New York-based fund Clear Harbor Asset Management Llc have 2.27% of their stock portfolio invested in the company’s market cap for 86,806 shares. Moreover, Norris Perne & French Llp Mi disclosed it had purchased a stake worth 2.50% of the fund’s stock portfolio in the company. Vulcan Value Partners Llc was also a big believer in the stock, with ownership of 2.64 million shares. Parker Hannifin Corp is 3.86% of the fund’s stock portfolio.
Parker-Hannifin Corporation NYSE:PH Company Profile
Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a wide variety of mobile, industrial and aerospace markets. The Company’s manufacturing, service, sales, distribution and administrative facilities are located in the United States and in 49 other countries. Its products are supplied to approximately 450,000 customers in manufacturing, transportation and processing industry. The Company has two reporting segments: Diversified Industrial Segment products are made to original equipment manufacturers and their replacement markets in manufacturing, packaging, processing, transportation, mobile construction, refrigeration and air conditioning, agricultural and military machinery and equipment industries, and Aerospace Systems Segment products are made in the commercial and military aerospace markets to both original equipment manufacturers and to end users for spares, maintenance, repair and overhaul.
The company has 57450 employees. As of writing its market cap is: $17.01 billion and it has 136.36 million outstanding shares. As of writing the company has 88.81% shareholders and the institutional ownership stands at 88.81%. Parker Hannifin Corp was filled in Ohio on 1938-12-30. The stock closed at $124.74 yesterday and it had average 2 days volume of 193737 shares. It is down from the 30 days average shares volume of 272454. Parker Hannifin Corp has a one year low of $99.82 and a 250 days high of $133.39. The current price is above the 200 days Simple moving average. Parker Hannifin Corp last issued its quarterly earnings data on 04/28/2015. The company reported 2.06 EPS for the quarter, above the consensus estimate of 2.01 by 0.05. The company had a revenue of 3.16 billion for 3/31/2015 and 3.13 billion for 12/31/2014. Therefore, the revenue was 27.32 million up.
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