Kingdon Capital Management L.l.c. adds Parker-Hannifin Corp (PH) to its portfolio

Parker-Hannifin Corp (PH) : Kingdon Capital Management L.l.c. added new position in Parker-Hannifin Corp during the most recent quarter end. The investment management firm now holds 176,338 shares of Parker-Hannifin Corp which is valued at $21,656,070 , the company said in a statement filed on Aug 15, 2016 with the SEC.Parker-Hannifin Corp makes up approximately 1.65% of Kingdon Capital Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp boosted its stake in PH in the latest quarter, The investment management firm added 47,700 additional shares and now holds a total of 57,679 shares of Parker-Hannifin Corp which is valued at $7,083,558. Parker-Hannifin Corp makes up approx 0.03% of Two Sigma Advisers Lp’s portfolio.Aston Asset Management reduced its stake in PH by selling 76 shares or 0.65% in the most recent quarter. The Hedge Fund company now holds 11,680 shares of PH which is valued at $1,434,421. Parker-Hannifin Corp makes up approx 0.83% of Aston Asset Management’s portfolio.Rhumbline Advisers reduced its stake in PH by selling 4,935 shares or 2.18% in the most recent quarter. The Hedge Fund company now holds 221,669 shares of PH which is valued at $27,223,170. Parker-Hannifin Corp makes up approx 0.08% of Rhumbline Advisers’s portfolio. Wade G W Inc added PH to its portfolio by purchasing 1,998 company shares during the most recent quarter which is valued at $241,978. Parker-Hannifin Corp makes up approx 0.04% of Wade G W Inc’s portfolio.

Parker-Hannifin Corp opened for trading at $123.07 and hit $124.32 on the upside on Wednesday, eventually ending the session at $124.14, with a gain of 0.75% or 0.92 points. The heightened volatility saw the trading volume jump to 912,766 shares. Company has a market cap of $16,622 M.

On the company’s financial health, Parker-Hannifin Corp reported $1.90 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $1.76. The company had revenue of $2957.15 million for the quarter, compared to analysts expectations of $2947.35 million. The company’s revenue was down -6.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.73 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.

Leave a Reply

Parker-Hannifin Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Parker-Hannifin Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.