Diversified Trust Co Lowers stake in Parker-Hannifin Corp (PH)

Parker-Hannifin Corp (PH) : Diversified Trust Co reduced its stake in Parker-Hannifin Corp by 46.71% during the most recent quarter end. The investment management company now holds a total of 19,031 shares of Parker-Hannifin Corp which is valued at $2,187,233 after selling 16,680 shares in Parker-Hannifin Corp , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Parker-Hannifin Corp makes up approximately 0.30% of Diversified Trust Co’s portfolio.

Other Hedge Funds, Including , Pggm Investments boosted its stake in PH in the latest quarter, The investment management firm added 35,677 additional shares and now holds a total of 369,816 shares of Parker-Hannifin Corp which is valued at $42,502,953. Parker-Hannifin Corp makes up approx 0.21% of Pggm Investments’s portfolio.Carroll Financial Associates reduced its stake in PH by selling 45 shares or 68.18% in the most recent quarter. The Hedge Fund company now holds 21 shares of PH which is valued at $2,376.Exxonmobil Investment Management Inc Tx boosted its stake in PH in the latest quarter, The investment management firm added 1,968 additional shares and now holds a total of 34,862 shares of Parker-Hannifin Corp which is valued at $3,881,186. Parker-Hannifin Corp makes up approx 0.08% of Exxonmobil Investment Management Inc Tx’s portfolio.Chevy Chase Trust Holdings boosted its stake in PH in the latest quarter, The investment management firm added 1,055 additional shares and now holds a total of 116,273 shares of Parker-Hannifin Corp which is valued at $12,944,673. Parker-Hannifin Corp makes up approx 0.07% of Chevy Chase Trust Holdings’s portfolio.

Parker-Hannifin Corp closed down -0.28 points or -0.24% at $114.19 with 6,97,830 shares getting traded on Friday. Post opening the session at $114.09, the shares hit an intraday low of $113.41 and an intraday high of $114.6405 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Parker-Hannifin Corp reported $1.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.45. The company had revenue of $2828.70 million for the quarter, compared to analysts expectations of $2821.71 million. The company’s revenue was down -10.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.06 EPS.

Many Wall Street Analysts have commented on Parker-Hannifin Corp. Parker-Hannifin Corp was Upgraded by Wells Fargo to ” Outperform” on Jun 30, 2016. Parker-Hannifin Corp was Downgraded by JP Morgan to ” Underweight” on Jun 27, 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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