Parker-Hannifin (PH) Reaches $166.82 52-Week High, John Hancock Preferred Income Fund III (HPS)’s Sentiment Is 1.22

July 17, 2017 - By Hazel Jackson

The stock of Parker-Hannifin Corp (NYSE:PH) hit a new 52-week high and has $175.16 target or 5.00% above today’s $166.82 share price. The 8 months bullish chart indicates low risk for the $22.25 billion company. The 1-year high was reported on Jul, 17 by Barchart.com. If the $175.16 price target is reached, the company will be worth $1.11B more. About 418,637 shares traded. Parker-Hannifin Corp (NYSE:PH) has risen 44.23% since July 17, 2016 and is uptrending. It has outperformed by 27.53% the S&P500.

John Hancock Preferred Income Fund III is a closed-end management investment company. The company has market cap of $608.53 million. The Fund seeks to provide a high level of current income consistent with preservation of capital. It currently has negative earnings. The Fund’s secondary investment objective is to provide growth of capital to the extent consistent with its primary objective.

Spectrum Asset Management Inc. holds 1% of its portfolio in John Hancock Preferred Income Fund III for 646,421 shares. Robinson Capital Management Llc owns 34,135 shares or 0.33% of their US portfolio. Moreover, Partnervest Advisory Services Llc has 0.19% invested in the company for 23,237 shares. The Virginia-based Shaker Financial Services Llc has invested 0.17% in the stock. Rivernorth Capital Management Llc, a Illinois-based fund reported 118,993 shares.

About 35,094 shares traded. John Hancock Preferred Income Fund III (HPS) has declined 0.75% since July 17, 2016 and is downtrending. It has underperformed by 17.45% the S&P500.

Investors sentiment decreased to 1.01 in 2016 Q4. Its down 0.01, from 1.02 in 2016Q3. It dropped, as 43 investors sold Parker-Hannifin Corp shares while 201 reduced holdings. 77 funds opened positions while 169 raised stakes. 102.98 million shares or 0.60% more from 102.36 million shares in 2016Q3 were reported. Private Advisor Grp Ltd Llc reported 0.02% of its portfolio in Parker-Hannifin Corp (NYSE:PH). Bessemer Inc reported 1,562 shares or 0% of all its holdings. Wesbanco Natl Bank Inc reported 0.04% of its portfolio in Parker-Hannifin Corp (NYSE:PH). Dimensional Fund Ltd Partnership holds 0.04% of its portfolio in Parker-Hannifin Corp (NYSE:PH) for 598,267 shares. Mitsubishi Ufj And Banking Corp has invested 0.08% in Parker-Hannifin Corp (NYSE:PH). Mackenzie Financial owns 8,000 shares. Royal Retail Bank Of Canada owns 233,331 shares. The Ohio-based Victory Capital Inc has invested 0.37% in Parker-Hannifin Corp (NYSE:PH). Ontario Teachers Pension Plan Board invested in 0.08% or 55,828 shares. Franklin Resources stated it has 0% in Parker-Hannifin Corp (NYSE:PH). 43,800 are owned by Caisse De Depot Et Placement Du Quebec. Manchester Cap Mngmt Ltd Limited Liability Company reported 626 shares stake. Capital World Invsts reported 7.36M shares stake. Central Comml Bank invested in 164 shares. 40,315 were accumulated by Twin Capital.

Among 17 analysts covering Parker-Hannifin (NYSE:PH), 11 have Buy rating, 1 Sell and 5 Hold. Therefore 65% are positive. Parker-Hannifin has $18900 highest and $90 lowest target. $142.85’s average target is -14.37% below currents $166.82 stock price. Parker-Hannifin had 43 analyst reports since August 9, 2015 according to SRatingsIntel. Aegis Capital initiated it with “Hold” rating and $160 target in Friday, December 9 report. As per Friday, December 2, the company rating was upgraded by Deutsche Bank. The firm earned “Buy” rating on Monday, November 7 by Evercore. The stock of Parker-Hannifin Corp (NYSE:PH) earned “Outperform” rating by BMO Capital Markets on Friday, January 13. Bank of America downgraded Parker-Hannifin Corp (NYSE:PH) on Monday, October 26 to “Neutral” rating. The rating was maintained by Goldman Sachs on Monday, March 13 with “Buy”. The firm has “Hold” rating by Jefferies given on Wednesday, June 28. The stock has “Sell” rating by Goldman Sachs on Monday, March 28. On Thursday, March 2 the stock rating was maintained by Morgan Stanley with “Overweight”. The stock has “Sell” rating by Vertical Research on Thursday, March 10.

Analysts await Parker-Hannifin Corp (NYSE:PH) to report earnings on August, 3 before the open. They expect $2.30 EPS, up 21.05% or $0.40 from last year’s $1.9 per share. PH’s profit will be $306.77M for 18.13 P/E if the $2.30 EPS becomes a reality. After $2.11 actual EPS reported by Parker-Hannifin Corp for the previous quarter, Wall Street now forecasts 9.00% EPS growth.

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