Southport Management Has Decreased Its Parker Hannifin (PH) Position as Share Value Declined; Blackrock (BLK) Holder Usa Financial Portformulas Has Lifted Its Stake by $2.81 Million

May 26, 2018 - By Adrian Erickson

Parker-Hannifin Corporation (NYSE:PH) Logo

Usa Financial Portformulas Corp increased its stake in Blackrock Inc (BLK) by 868.04% based on its latest 2017Q4 regulatory filing with the SEC. Usa Financial Portformulas Corp bought 5,486 shares as the company’s stock rose 3.90% while stock markets declined. The institutional investor held 6,118 shares of the finance company at the end of 2017Q4, valued at $3.14 million, up from 632 at the end of the previous reported quarter. Usa Financial Portformulas Corp who had been investing in Blackrock Inc for a number of months, seems to be bullish on the $87.03B market cap company. The stock decreased 0.23% or $1.22 during the last trading session, reaching $539.61. About 290,043 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 41.90% since May 26, 2017 and is uptrending. It has outperformed by 30.35% the S&P500.

Southport Management Llc decreased its stake in Parker Hannifin Corp (PH) by 32.14% based on its latest 2017Q4 regulatory filing with the SEC. Southport Management Llc sold 4,500 shares as the company’s stock declined 14.50% with the market. The institutional investor held 9,500 shares of the metal fabrications company at the end of 2017Q4, valued at $1.90M, down from 14,000 at the end of the previous reported quarter. Southport Management Llc who had been investing in Parker Hannifin Corp for a number of months, seems to be less bullish one the $23.55B market cap company. The stock decreased 0.20% or $0.35 during the last trading session, reaching $177.13. About 645,178 shares traded. Parker-Hannifin Corporation (NYSE:PH) has risen 9.45% since May 26, 2017 and is uptrending. It has underperformed by 2.10% the S&P500.

Investors sentiment increased to 1.07 in Q4 2017. Its up 0.12, from 0.95 in 2017Q3. It is positive, as 44 investors sold PH shares while 201 reduced holdings. 71 funds opened positions while 191 raised stakes. 100.90 million shares or 0.87% more from 100.03 million shares in 2017Q3 were reported. Tennessee-based State Of Tennessee Treasury Department has invested 0.12% in Parker-Hannifin Corporation (NYSE:PH). Cornerstone Capital Mgmt Limited Company holds 25,047 shares. 404,584 were accumulated by Parametric Portfolio Ltd Liability Co. Cwm Lc has 226 shares for 0% of their portfolio. Keybank National Association Oh holds 0.51% or 449,321 shares in its portfolio. Legal & General Gru Public Ltd Company holds 0.1% or 687,463 shares in its portfolio. Harris Assoc Limited Partnership has invested 0.81% in Parker-Hannifin Corporation (NYSE:PH). The Ohio-based Van Cleef Asset Managementinc has invested 0.1% in Parker-Hannifin Corporation (NYSE:PH). Mercer Cap Advisers Inc holds 0.04% of its portfolio in Parker-Hannifin Corporation (NYSE:PH) for 266 shares. Private Advisor Ltd accumulated 5,526 shares. Alyeska Gru LP reported 523,540 shares. Endurance Wealth holds 1,752 shares. Fort Washington Investment Advisors Inc Oh reported 1,127 shares. Sei reported 98,905 shares or 0.07% of all its holdings. Asset Mgmt has 0.08% invested in Parker-Hannifin Corporation (NYSE:PH).

Analysts await Parker-Hannifin Corporation (NYSE:PH) to report earnings on August, 2. They expect $2.91 earnings per share, up 18.78% or $0.46 from last year’s $2.45 per share. PH’s profit will be $386.91 million for 15.22 P/E if the $2.91 EPS becomes a reality. After $2.80 actual earnings per share reported by Parker-Hannifin Corporation for the previous quarter, Wall Street now forecasts 3.93% EPS growth.

Since February 16, 2018, it had 0 insider buys, and 8 sales for $2.97 million activity. $300,997 worth of Parker-Hannifin Corporation (NYSE:PH) shares were sold by OBOURN CANDY M. On Friday, February 16 the insider SCAMINACE JOSEPH sold $184,971. The insider Malone Robert W sold $71,002. Gentile Thomas C had sold 570 shares worth $100,737. Another trade for 7,005 shares valued at $1.28 million was sold by Keller Kurt A. Sherrard Roger S had sold 2,109 shares worth $384,091.

Among 21 analysts covering Parker-Hannifin (NYSE:PH), 11 have Buy rating, 1 Sell and 9 Hold. Therefore 52% are positive. Parker-Hannifin had 87 analyst reports since August 9, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Tuesday, April 10 by JP Morgan. As per Friday, October 27, the company rating was maintained by Cowen & Co. Morgan Stanley upgraded the stock to “Overweight” rating in Monday, November 7 report. On Monday, October 26 the stock rating was downgraded by Bank of America to “Neutral”. The firm earned “Neutral” rating on Monday, April 30 by Citigroup. As per Thursday, March 8, the company rating was maintained by Wells Fargo. The stock has “Buy” rating by BMO Capital Markets on Thursday, January 4. Citigroup maintained Parker-Hannifin Corporation (NYSE:PH) on Tuesday, January 30 with “Neutral” rating. The rating was maintained by KeyBanc Capital Markets on Thursday, September 14 with “Buy”. The firm earned “Equal-Weight” rating on Friday, April 1 by Barclays Capital.

Usa Financial Portformulas Corp, which manages about $270.85 million and $420.46 million US Long portfolio, decreased its stake in Unitedhealth Group Inc (NYSE:UNH) by 11,800 shares to 26,500 shares, valued at $5.84M in 2017Q4, according to the filing. It also reduced its holding in Universal Display Corp (NASDAQ:OLED) by 1,968 shares in the quarter, leaving it with 6,391 shares, and cut its stake in Cboe Global Markets Inc (NASDAQ:CBOE).

More notable recent BlackRock, Inc. (NYSE:BLK) news were published by: Globenewswire.com which released: “BlackRock® Canada Announces May Cash Distributions for the iShares® ETFs” on May 18, 2018, also Seekingalpha.com with their article: “BlackRock partners with ETF investing app Acorns” published on May 09, 2018, Seekingalpha.com published: “BlackRock: Wait For A Better Price” on May 22, 2018. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: Gurufocus.com and their article: “BlackRock® Canada Announces Final May Cash Distributions for the iShares® Premium Money Market ETF” published on May 26, 2018 as well as Seekingalpha.com‘s news article titled: “Tracking Dan Loeb’s Third Point Portfolio – Q1 2018 Update” with publication date: May 22, 2018.

Investors sentiment decreased to 1.19 in 2017 Q4. Its down 0.19, from 1.38 in 2017Q3. It dived, as 42 investors sold BLK shares while 325 reduced holdings. 122 funds opened positions while 313 raised stakes. 129.61 million shares or 0.73% less from 130.57 million shares in 2017Q3 were reported. Pinnacle Associate holds 16,114 shares or 0.16% of its portfolio. London Of Virginia invested in 901,539 shares. Prudential Public Limited Company, a Illinois-based fund reported 21,516 shares. The Massachusetts-based Choate Inv has invested 0.03% in BlackRock, Inc. (NYSE:BLK). State Of Tennessee Treasury Department owns 91,272 shares for 0.21% of their portfolio. California State Teachers Retirement Systems reported 220,168 shares or 0.23% of all its holdings. Utah Retirement System accumulated 23,122 shares or 0.25% of the stock. Todd Asset Ltd Liability Com invested in 0.83% or 59,886 shares. Whalerock Point Ptnrs Ltd Liability Co invested in 0.43% or 2,638 shares. Bremer National Association reported 4,991 shares or 0.69% of all its holdings. Ls Invest Advsrs Limited Liability Co has invested 1.11% in BlackRock, Inc. (NYSE:BLK). Glenmede Tru Na has invested 0.16% of its portfolio in BlackRock, Inc. (NYSE:BLK). Parkside State Bank And Tru owns 662 shares or 0.12% of their US portfolio. Thrivent Fin For Lutherans owns 5,001 shares. Meiji Yasuda Asset Mgmt Limited accumulated 0.1% or 2,032 shares.

Among 18 analysts covering BlackRock (NYSE:BLK), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. BlackRock had 89 analyst reports since August 26, 2015 according to SRatingsIntel. UBS maintained BlackRock, Inc. (NYSE:BLK) rating on Wednesday, October 19. UBS has “Buy” rating and $430 target. The rating was upgraded by UBS on Friday, October 2 to “Buy”. The stock of BlackRock, Inc. (NYSE:BLK) has “Equal-Weight” rating given on Tuesday, April 5 by Barclays Capital. The stock of BlackRock, Inc. (NYSE:BLK) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, April 10. Barclays Capital initiated BlackRock, Inc. (NYSE:BLK) rating on Friday, September 8. Barclays Capital has “Overweight” rating and $475 target. Deutsche Bank maintained BlackRock, Inc. (NYSE:BLK) on Friday, August 5 with “Buy” rating. Credit Suisse maintained the stock with “Outperform” rating in Friday, April 13 report. As per Tuesday, July 18, the company rating was maintained by Credit Suisse. Deutsche Bank maintained BlackRock, Inc. (NYSE:BLK) rating on Thursday, June 16. Deutsche Bank has “Buy” rating and $383 target. The stock of BlackRock, Inc. (NYSE:BLK) has “Outperform” rating given on Friday, August 11 by Credit Suisse.

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

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