Parker Hannifin Corp (PH) Files Form 4 Insider Selling : Jon P. Marten Sells 5,172 Shares

Parker Hannifin Corp (PH): Jon P. Marten , EVP – Finance Admin/CFO of Parker Hannifin Corp sold 5,172 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were sold at $116.00 per share for a total value of $599,979.94 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, 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.Also, On May 2, 2016, William G Eline (VP- Chief Information Officer) sold 4,300 shares at $116.50 per share price.On Apr 29, 2016, Donald E Washkewicz (director) sold 18,233 shares at $117.01 per share price.

Parker-Hannifin Corp: On Friday, Jun 3, 2016 heightened volatility was witnessed in Parker-Hannifin Corp which led to swings in the share price. The shares opened for trading at $115.98 and hit $116.12 on the upside , eventually ending the session at $116, with a gain of 0.10% or 0.12 points. The heightened volatility saw the trading volume jump to 6,61,902 shares. The 52-week high of the share price is $122.14 and the company has a market cap of $15,623 M . The 52-week low of the share price is at $83.32.

Parker-Hannifin Corp Money Flow Index Chart

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 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 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.

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