Great Lakes Advisors buys $75,152,474 stake in Parker-Hannifin Corp (PH)

Parker-Hannifin Corp (PH) : Great Lakes Advisors scooped up 15,548 additional shares in Parker-Hannifin Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 611,941 shares of Parker-Hannifin Corp which is valued at $75,152,474.Parker-Hannifin Corp makes up approximately 1.95% of Great Lakes Advisors’s portfolio.

Other Hedge Funds, Including , Lsv Asset Management reduced its stake in PH by selling 31,600 shares or 41.85% in the most recent quarter. The Hedge Fund company now holds 43,900 shares of PH which is valued at $5,316,729. Parker-Hannifin Corp makes up approx 0.01% of Lsv Asset Management’s portfolio. Spot Trading L.l.c sold out all of its stake in PH during the most recent quarter. The investment firm sold 15,068 shares of PH which is valued $1,714,437.

Parker-Hannifin Corp opened for trading at $123.34 and hit $124.3 on the upside on Monday, eventually ending the session at $123.74, with a gain of 0.41% or 0.5 points. The heightened volatility saw the trading volume jump to 7,69,226 shares. Company has a market cap of $16,665 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.

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