Large Outflow of Money Witnessed in Parker-Hannifin Corporation

Parker-Hannifin Corporation (PH) : The total money flow in Parker-Hannifin Corporation (PH) was negative ($8.45 million), showing the domination of sellers in the Tuesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $29.1 million. Transactions on upticks were comparatively lower at $20.65 million. The uptick to downtick ratio was 0.71. The total block trades on downticks were valued at $7.3 million. The money flow during block trades was negative ($7.3 million) when the stock traded with a gain of $136 cent. Parker-Hannifin Corporation (PH) was $113.25, an increase of 1.22% over the previous days close.


The company Insiders own 2.53% of Parker-Hannifin Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.88% . Institutional Investors own 84.47% of Parker-Hannifin Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -14.17%. In an insider trading activity, The officer (VP-Gbl Supply Chain/Procuremnt), of Parker Hannifin Corp, Dedinsky John G Jr had unloaded 1,500 shares at $116.96 per share in a transaction on June 8, 2016. The total value of transaction was $175,440. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Shares of Parker-Hannifin Corporation rose by 5.77% in the last five trading days and 0.49% for the last 4 weeks. Parker-Hannifin Corporation is up 2.12% in the last 3-month period. Year-to-Date the stock performance stands at 18.17%.

Parker-Hannifin Corporation (NYSE:PH): stock turned positive on Tuesday. Though the stock opened at $112.83, the bulls momentum made the stock top out at $113.47 level for the day. The stock recorded a low of $111.995 and closed the trading day at $113.25, in the green by 1.22%. The total traded volume for the day was 1,054,043. The stock had closed at $111.89 in the previous days trading.

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 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.

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