Avalon Global Asset Management LLC Holds Position in Parker Hannifin Corp (Call) (PH)

September 30, 2018 - By Richard Slagle

Parker-Hannifin Corporation (NYSE:PH) LogoInvestors sentiment decreased to 0.81 in Q2 2018. Its down 0.19, from 1 in 2018Q1. It is negative, as 68 investors sold PH shares while 204 reduced holdings. 61 funds opened positions while 160 raised stakes. 99.98 million shares or 1.25% less from 101.24 million shares in 2018Q1 were reported. Scotia Cap accumulated 0.01% or 5,209 shares. Archford Strategies Limited Liability Com holds 0% of its portfolio in Parker-Hannifin Corporation (NYSE:PH) for 5 shares. Wright reported 3,239 shares. Cypress Asset Mgmt Inc Tx invested 0.07% in Parker-Hannifin Corporation (NYSE:PH). Carret Asset Ltd Llc has invested 0.6% in Parker-Hannifin Corporation (NYSE:PH). Cibc Bancorporation Usa invested in 33,891 shares. Synovus Fincl invested in 0% or 1,443 shares. Ci Invs Inc has 0.18% invested in Parker-Hannifin Corporation (NYSE:PH) for 145,714 shares. Texas-based Teacher Retirement Systems Of Texas has invested 0.03% in Parker-Hannifin Corporation (NYSE:PH). New England And Mngmt Inc stated it has 0.64% of its portfolio in Parker-Hannifin Corporation (NYSE:PH). Sva Plumb Wealth Ltd Liability Co has invested 0.03% in Parker-Hannifin Corporation (NYSE:PH). 48,152 were reported by Ccm Invest Advisers Limited Liability Co. Markel holds 0.34% of its portfolio in Parker-Hannifin Corporation (NYSE:PH) for 118,600 shares. Dnb Asset Mngmt As has invested 0% of its portfolio in Parker-Hannifin Corporation (NYSE:PH). Middleton Co Incorporated Ma holds 0.05% of its portfolio in Parker-Hannifin Corporation (NYSE:PH) for 1,945 shares.

Since April 30, 2018, it had 0 insider buys, and 8 selling transactions for $3.27 million activity. Shares for $100,737 were sold by Gentile Thomas C on Wednesday, May 16. The insider Weeks Andrew M sold 2,600 shares worth $440,346. Shares for $300,997 were sold by OBOURN CANDY M on Monday, April 30. Another trade for 7,005 shares valued at $1.28M was sold by Keller Kurt A. $420,864 worth of Parker-Hannifin Corporation (NYSE:PH) was sold by Bowman William R on Wednesday, August 29. Leonti Joseph R sold $283,377 worth of stock.

Avalon Global Asset Management Llc increased its stake in Parker Hannifin Corp (Call) (PH) by 75% based on its latest 2018Q2 regulatory filing with the SEC. Avalon Global Asset Management Llc bought 30,000 shares as the company’s stock rose 6.51% with the market. The hedge fund held 70,000 shares of the metal fabrications company at the end of 2018Q2, valued at $10.91M, up from 40,000 at the end of the previous reported quarter. Avalon Global Asset Management Llc who had been investing in Parker Hannifin Corp (Call) for a number of months, seems to be bullish on the $24.36 billion market cap company. The stock decreased 1.38% or $2.57 during the last trading session, reaching $183.93. About 1.77M shares traded or 65.09% up from the average. Parker-Hannifin Corporation (NYSE:PH) has risen 10.11% since September 30, 2017 and is uptrending. It has underperformed by 5.51% the S&P500.

More news for Parker-Hannifin Corporation (NYSE:PH) were recently published by: Globenewswire.com, which released: “Parker Releases New Indego Therapy Exoskeleton” on September 20, 2018. Streetinsider.com‘s article titled: “Parker-Hannifin (PH) PT Raised to $184 at Deutsche Bank” and published on September 28, 2018 is yet another important article.

Parker-Hannifin Corporation (NYSE:PH) Ratings Coverage

Among 12 analysts covering Parker Hannifin (NYSE:PH), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Parker Hannifin had 15 analyst reports since April 9, 2018 according to SRatingsIntel. The firm earned “In-Line” rating on Monday, May 7 by Evercore. The rating was downgraded by Goldman Sachs to “Neutral” on Monday, July 16. The stock has “Neutral” rating by Citigroup on Monday, April 30. The stock has “Hold” rating by Wells Fargo on Wednesday, June 20. The company was maintained on Friday, September 28 by Deutsche Bank. The stock has “Hold” rating by Deutsche Bank on Thursday, July 12. The firm has “Buy” rating by Stifel Nicolaus given on Monday, April 9. The rating was upgraded by Buckingham Research to “Buy” on Friday, September 14. The firm has “Overweight” rating given on Tuesday, April 10 by JP Morgan. As per Tuesday, August 14, the company rating was downgraded by Argus Research.

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

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