Institutional Investors Sentiment Indicator of Parker Hannifin Corp (NYSE:PH) Worsens in Q2 2018

October 11, 2018 - By Vivian Park

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Sentiment for Parker Hannifin Corp (NYSE:PH)

Parker Hannifin Corp (NYSE:PH) institutional sentiment decreased to 0.81 in 2018 Q2. Its down -0.19, from 1 in 2018Q1. The ratio dropped, as 221 investment professionals started new or increased positions, while 272 reduced and sold their stock positions in Parker Hannifin Corp. The investment professionals in our partner’s database now have: 99.98 million shares, down from 101.24 million shares in 2018Q1. Also, the number of investment professionals holding Parker Hannifin Corp in their top 10 positions decreased from 5 to 3 for a decrease of 2. Sold All: 68 Reduced: 204 Increased: 160 New Position: 61.

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 $22.63 billion. The firm operates in two divisions, Diversified Industrial and Aerospace Systems. It has a 21.82 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.

The stock decreased 0.74% or $1.27 during the last trading session, reaching $170.86. About 442,631 shares traded. Parker-Hannifin Corporation (NYSE:PH) has risen 10.11% since October 11, 2017 and is uptrending. It has underperformed by 5.51% the S&P500.

Analysts await Parker-Hannifin Corporation (NYSE:PH) to report earnings on November, 1. They expect $2.51 EPS, up 12.05 % or $0.27 from last year’s $2.24 per share. PH’s profit will be $332.37 million for 17.02 P/E if the $2.51 EPS becomes a reality. After $3.22 actual EPS reported by Parker-Hannifin Corporation for the previous quarter, Wall Street now forecasts -22.05 % negative EPS growth.

Vulcan Value Partners Llc holds 3.83% of its portfolio in Parker-Hannifin Corporation for 3.18 million shares. Southport Management L.L.C. owns 4,800 shares or 3.7% of their US portfolio. Moreover, Longview Partners (Guernsey) Ltd has 3.27% invested in the company for 4.02 million shares. The Japan-based Mu Investments Co. Ltd. has invested 3.12% in the stock. Minneapolis Portfolio Management Group Llc, a Minnesota-based fund reported 142,750 shares.

Since January 1, 0001, it had 0 insider purchases, and 8 insider sales for $3.27 million activity.

Parker-Hannifin Corporation (NYSE:PH) Ratings Coverage

Ratings analysis reveals 36% of Parker Hannifin’s analysts are positive. Out of 11 Wall Street analysts rating Parker Hannifin, 4 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $169 while the high is $212. The stock’s average target of $193.38 is 13.18% above today’s ($170.86) share price. PH was included in 13 notes of analysts from April 27, 2018. The stock of Parker-Hannifin Corporation (NYSE:PH) earned “Neutral” rating by Citigroup on Monday, April 30. The firm has “Hold” rating given on Friday, September 28 by Deutsche Bank. Buckingham Research maintained the stock with “Neutral” rating in Friday, April 27 report. The firm earned “Hold” rating on Wednesday, June 20 by Wells Fargo. Evercore downgraded the stock to “In-Line” rating in Monday, May 7 report. The stock of Parker-Hannifin Corporation (NYSE:PH) earned “Overweight” rating by KeyBanc Capital Markets on Friday, July 6. The firm has “Buy” rating by Stifel Nicolaus given on Monday, September 24. The stock of Parker-Hannifin Corporation (NYSE:PH) earned “Hold” rating by Argus Research on Tuesday, August 14. Deutsche Bank maintained it with “Hold” rating and $169 target in Thursday, July 12 report. The company was upgraded on Friday, September 14 by Buckingham Research.

Another recent and important Parker-Hannifin Corporation (NYSE:PH) news was published by which published an article titled: “Parker Releases New Indego Therapy Exoskeleton” on September 20, 2018.

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

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