Large Outflow of Money Witnessed in Parker-Hannifin Corporation

Parker-Hannifin Corporation (PH): The stock had negative money flow to the tune of ($4.81 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $18.96 million, whereas, the outflow of money on downticks was $23.77 million and the ratio between the two was 0.8. The block trade had a negative net money flow of ($1.94 million). On the other hand, downticks amounted to $1.94 million of the traded value, which shows distribution in the stock by traders. Parker-Hannifin Corporation (PH) closed with marginal gains of 64 cents to end the day at $123.5, an increase of 0.52% over the previous days close. The stock recorded 0.21% for the week.


The company Insiders own 2.53% of Parker-Hannifin Corporation shares according to the proxy statements. Institutional Investors own 80.36% of Parker-Hannifin Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -13.88%.

In a related news,The officer (President & COO) of Parker Hannifin Corp, Banks Lee C sold 10,953 shares at $124.28 on August 17, 2016. The Insider selling transaction had a total value worth of $1,361,239. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Parker-Hannifin Corporation (NYSE:PH): The stock opened at $123.5 and touched an intraday high of $124.33 on Friday. During the day, the stock corrected to an intraday low of $123.08, however, the bulls stepped in and pushed the price higher to close in the green at $123.51 with a gain of 0.53% for the day. The total traded volume for the day was 913,582. The stock had closed at $122.86 in the previous trading session.

On a relative basis, the stock has outperformed the S&P 500 by 2.12% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.22% in the last 1 week, and is up 1.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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 Companys manufacturing, service, sales, distribution and administrative facilities are located in the United States and in 49 other countries. Its products are supplied to approximately 450,000 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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