Pennsylvania Trust Co Upped Its Parker Hannifin Corp (PH) Position by $116.62 Million as Market Valuation Declined

Parker-Hannifin Corporation (NYSE:PH) LogoInvestors sentiment increased to 1.01 in 2019 Q1. Its up 0.13, from 0.88 in 2018Q4. It increased, as 34 investors sold PH shares while 199 reduced holdings. 77 funds opened positions while 158 raised stakes. 98.71 million shares or 1.90% less from 100.62 million shares in 2018Q4 were reported. First Trust Limited Partnership holds 0.02% or 71,419 shares in its portfolio. Charles Schwab Invest Advisory Inc accumulated 0.43% or 1.48M shares. Piedmont Invest Advisors reported 3,780 shares. Nordea Invest Mngmt accumulated 130,644 shares. Shell Asset Mgmt holds 0.05% or 14,224 shares. State Treasurer State Of Michigan holds 0.05% or 37,295 shares in its portfolio. Stephens Ar owns 2,514 shares for 0.01% of their portfolio. Dearborn Ptnrs Lc, a Illinois-based fund reported 1,450 shares. Carret Asset Llc accumulated 20,397 shares or 0.57% of the stock. Cypress Cap Mngmt Llc reported 16,850 shares. Chevy Chase Trust has invested 0.08% of its portfolio in Parker-Hannifin Corporation (NYSE:PH). Bradley Foster & Sargent Inc Ct reported 0.02% of its portfolio in Parker-Hannifin Corporation (NYSE:PH). D E Shaw And Incorporated invested in 0% or 3,800 shares. Bowen Hanes & has invested 0.08% in Parker-Hannifin Corporation (NYSE:PH). Da Davidson And Communications holds 0.02% or 8,231 shares in its portfolio.

Since February 7, 2019, it had 0 insider buys, and 3 selling transactions for $355,325 activity. Another trade for 875 shares valued at $150,341 was made by Bowman William R on Wednesday, February 13. $150,178 worth of Parker-Hannifin Corporation (NYSE:PH) shares were sold by OBOURN CANDY M.

Pennsylvania Trust Co increased its stake in Parker Hannifin Corp (PH) by 29994.5% based on its latest 2019Q1 regulatory filing with the SEC. Pennsylvania Trust Co bought 1.62 million shares as the company’s stock declined 1.31% while stock markets rallied. The institutional investor held 1.63 million shares of the metal fabrications company at the end of 2019Q1, valued at $117.98 million, up from 5,400 at the end of the previous reported quarter. Pennsylvania Trust Co who had been investing in Parker Hannifin Corp for a number of months, seems to be bullish on the $21.15B market cap company. The stock decreased 1.34% or $2.24 during the last trading session, reaching $164.84. About 716,692 shares traded. Parker-Hannifin Corporation (NYSE:PH) has declined 4.14% since June 13, 2018 and is downtrending. It has underperformed by 8.57% the S&P500.

Pennsylvania Trust Co, which manages about $3.31B US Long portfolio, decreased its stake in Verizon Communications Inc (NYSE:VZ) by 341,018 shares to 28,153 shares, valued at $2.18 million in 2019Q1, according to the filing. It also reduced its holding in Pnc Finl Svcs Group Inc (NYSE:PNC) by 45,663 shares in the quarter, leaving it with 1,938 shares, and cut its stake in Eaton Corp Plc (NYSE:ETN).

More notable recent Parker-Hannifin Corporation (NYSE:PH) news were published by: Finance.Yahoo.com which released: “Should You Be Impressed By Parker-Hannifin Corporation’s (NYSE:PH) ROE? – Yahoo Finance” on May 29, 2019, also Globenewswire.com with their article: “Parker Announces Operating Group Leadership Changes NYSE:PH – GlobeNewswire” published on January 29, 2019, Seekingalpha.com published: “Parker-Hannifin Q2 2019 Earnings Preview – Seeking Alpha” on January 30, 2019. More interesting news about Parker-Hannifin Corporation (NYSE:PH) were released by: Globenewswire.com and their article: “Parker Scheduled to Present at Electrical Products Group Conference on May 21 at 12:30 p.m. Eastern Time – GlobeNewswire” published on May 10, 2019 as well as Globenewswire.com‘s news article titled: “Parker Reports Fiscal 2019 Second Quarter Results NYSE:PH – GlobeNewswire” with publication date: January 31, 2019.

Parker-Hannifin Corporation (NYSE:PH) Ratings Coverage

Among 5 analysts covering Parker Hannifin (NYSE:PH), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Parker Hannifin had 13 analyst reports since December 17, 2018 according to SRatingsIntel. On Monday, December 17 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, April 16. The firm earned “Hold” rating on Monday, March 25 by Deutsche Bank. The stock has “Overweight” rating by Barclays Capital on Wednesday, April 3. The firm has “Hold” rating by Vertical Research given on Friday, February 1. The firm has “Overweight” rating by Barclays Capital given on Monday, January 7. The firm has “Neutral” rating given on Monday, May 6 by Citigroup. The stock of Parker-Hannifin Corporation (NYSE:PH) earned “Hold” rating by Stifel Nicolaus on Friday, February 1.

Parker-Hannifin Corporation (NYSE:PH) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.