Parker-Hannifin Corporation (NYSE: PH) recently made a series of significant moves in the market. The company's stock positions were both increased and reduced by various firms, reflecting diverse investment strategies. Interestingly, KLP Kapitalforvaltning AS, Journey Strategic Wealth LLC, and Carnegie Investment Counsel acquired more shares, while Universal Beteiligungs und Servicegesellschaft mbH, Madison Asset Management LLC, and Burney Co. reduced their holdings.
PH reached a new one-year high and is still considered a 'Buy'. Notably, PH is expanding its EV technology with a one billion dollar Curtis Instruments deal that was applauded by Jim Cramer. Analysts from both Citi and Stifel Nicolaus offered positive forecasts regarding the PH's stock price. Predictions also indicate that PH may beat estimates in its next earnings report, savouring strong fundamentals. Additionally, the company is drawing admiration for maintaining strong performing dividends. PH's latest significant move involves the acquisition Curtis Instruments, labelled as a move to cement its leadership in Electric Vehicle Tech. However, some investors, like Wealthfront Advisers LLC and Mathes Company Inc., have sold off their PH shares.
Parker-Hannifin Corporation PH News Analytics from Wed, 08 Jan 2025 08:00:00 GMT to Sat, 26 Jul 2025 20:05:06 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor -2
