Parker Hannifin Corp (PH): John G Jr Dedinsky , VP-Gbl Supply Chain/Procuremnt of Parker Hannifin Corp sold 1,500 shares on Jun 8, 2016. The Insider selling transaction was reported by the company on Jun 9, 2016 to the Securities and Exchange Commission. The shares were sold at $116.96 per share for a total value of $175,435.30 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 7, 2016, Robert W Bond (VP- eBus, IoT and Services) sold 9,756 shares at $116.66 per share price.On Jun 7, 2016, Jon P. Marten (EVP – Finance Admin/CFO) sold 5,172 shares at $116.00 per share price.Also, On May 10, 2016, John G Jr Dedinsky (VP-Gbl Supply Chain/Procuremnt) sold 1,507 shares at $113.42 per share price.On May 2, 2016, John R Greco (VP, Pres – Instrumentation Grp) sold 4,300 shares at $116.43 per share price.
Shares of Parker-Hannifin Corp (PH) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -1.24 points or -1.06% at $115.36 with 9,16,102 shares getting traded. Post opening the session at $115.66, the shares hit an intraday low of $115.18 and an intraday high of $116.14 and the price vacillated in this range throughout the day. The company has a market cap of $15,537 M and the number of outstanding shares has been calculated to be 13,46,81,480 shares. The 52-week high of Parker-Hannifin Corp is $120.96 and the 52-week low is $83.32.
Company has been under the radar of several Street Analysts.Parker-Hannifin Corp is Initiated by Avondale to Mkt Perform. The Rating was issued on Apr 8, 2016.Parker-Hannifin Corp is Initiated by Barclays to Equal Weight and the brokerage firm has set the Price Target at $116. The Rating was issued on Apr 1, 2016.Parker-Hannifin Corp is Downgraded by Goldman to Sell and the brokerage firm has set the Price Target at $92. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 28, 2016.
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 Companys manufacturing service sales distribution and administrative facilities are located in the United States and in 49 other countries. Its products are supplied to approximately 450000 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.