Parker-Hannifin Corp. (NYSE:PH) saw unusually-strong trading volume on Thursday . Approximately 1,574,006 shares were traded during trading, an increase of 5% from the previous session’s volume of 1,504,498 shares.The stock last traded at $107.67 and had previously closed at $108.39.

Several brokerages have recently weighed in on PH. JPMorgan Chase & Co. downgraded Parker-Hannifin Corp. from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $127.00 to $124.00 in a research report on Monday, March 28th. Vertical Research downgraded Parker-Hannifin Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, March 10th. Goldman Sachs Group Inc. downgraded Parker-Hannifin Corp. from a “neutral” rating to a “sell” rating and upped their target price for the stock from $88.00 to $92.00 in a research report on Monday, March 28th. They noted that the move was a valuation call. Barclays PLC began coverage on Parker-Hannifin Corp. in a research report on Friday, April 1st. They issued an “equal weight” rating and a $116.00 target price for the company. Finally, Zacks Investment Research downgraded Parker-Hannifin Corp. from a “buy” rating to a “hold” rating in a research report on Monday, May 9th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. Parker-Hannifin Corp. currently has an average rating of “Hold” and a consensus price target of $108.29.

The firm has a 50 day moving average price of $111.34 and a 200 day moving average price of $105.98. The company has a market cap of $14.58 billion and a price-to-earnings ratio of 20.08.

Parker-Hannifin Corp. (NYSE:PH) last posted its earnings results on Tuesday, April 26th. The company reported $1.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.07. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same period in the previous year, the company earned $2.06 earnings per share. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. On average, equities analysts predict that Parker-Hannifin Corp. will post $6.31 earnings per share for the current fiscal year.

In other news, Director Donald E. Washkewicz sold 18,233 shares of the firm’s stock in a transaction dated Thursday, April 28th. The stock was sold at an average price of $117.01, for a total value of $2,133,443.33. Following the sale, the director now directly owns 119,509 shares of the company’s stock, valued at $13,983,748.09. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP John G. Dedinsky, Jr. sold 1,507 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $113.44, for a total value of $170,954.08. Following the completion of the sale, the vice president now directly owns 30,344 shares in the company, valued at $3,442,223.36. The disclosure for this sale can be found here.

Several large investors have modified their holdings of the stock. Advantus Capital Management Inc increased its stake in shares of Parker-Hannifin Corp. by 0.3% in the fourth quarter. Advantus Capital Management Inc now owns 13,033 shares of the company’s stock valued at $1,264,000 after buying an additional 45 shares in the last quarter. Verity & Verity LLC increased its stake in shares of Parker-Hannifin Corp. by 2.7% in the fourth quarter. Verity & Verity LLC now owns 13,424 shares of the company’s stock valued at $1,302,000 after buying an additional 351 shares in the last quarter. World Asset Management Inc increased its stake in shares of Parker-Hannifin Corp. by 0.5% in the fourth quarter. World Asset Management Inc now owns 15,454 shares of the company’s stock valued at $1,499,000 after buying an additional 81 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of Parker-Hannifin Corp. by 5.5% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 18,341 shares of the company’s stock valued at $1,779,000 after buying an additional 955 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Parker-Hannifin Corp. by 631.7% in the fourth quarter. Ameritas Investment Partners Inc. now owns 18,996 shares of the company’s stock valued at $1,842,000 after buying an additional 16,400 shares in the last quarter.

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.

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