Cornerstone Investment Partners Stake in Parker (PH) Has Decreased by $47.86 Million; Sfe Investment Counsel Has Trimmed Its Holding in Helmerich & Payne (HP) by $1.21 Million as Share Value Declined

January 23, 2018 - By Clifton Ray

Sfe Investment Counsel decreased its stake in Helmerich & Payne Inc (HP) by 63.14% based on its latest 2017Q3 regulatory filing with the SEC. Sfe Investment Counsel sold 23,335 shares as the company’s stock declined 12.04% while stock markets rallied. The institutional investor held 13,620 shares of the energy company at the end of 2017Q3, valued at $710,000, down from 36,955 at the end of the previous reported quarter. Sfe Investment Counsel who had been investing in Helmerich & Payne Inc for a number of months, seems to be less bullish one the $7.77B market cap company. The stock increased 0.55% or $0.39 during the last trading session, reaching $71.51. About 1.08 million shares traded. Helmerich & Payne, Inc. (NYSE:HP) has risen 4.51% since January 23, 2017 and is uptrending. It has underperformed by 12.19% the S&P500.

Cornerstone Investment Partners Llc decreased its stake in Parker (PH) by 89.65% based on its latest 2017Q3 regulatory filing with the SEC. Cornerstone Investment Partners Llc sold 273,490 shares as the company’s stock rose 2.16% with the market. The institutional investor held 31,576 shares of the metal fabrications company at the end of 2017Q3, valued at $5.53 million, down from 305,066 at the end of the previous reported quarter. Cornerstone Investment Partners Llc who had been investing in Parker for a number of months, seems to be less bullish one the $27.84B market cap company. The stock decreased 0.60% or $1.2599 during the last trading session, reaching $208.9701. About 470,075 shares traded. Parker-Hannifin Corporation (NYSE:PH) has risen 44.23% since January 23, 2017 and is uptrending. It has outperformed by 27.53% the S&P500.

Among 35 analysts covering Helmerich & Payne (NYSE:HP), 9 have Buy rating, 8 Sell and 18 Hold. Therefore 26% are positive. Helmerich & Payne had 120 analyst reports since August 3, 2015 according to SRatingsIntel. Jefferies maintained Helmerich & Payne, Inc. (NYSE:HP) on Thursday, March 23 with “Sell” rating. The stock of Helmerich & Payne, Inc. (NYSE:HP) earned “Buy” rating by TheStreet on Thursday, August 27. As per Friday, January 29, the company rating was maintained by FBR Capital. KLR Group initiated Helmerich & Payne, Inc. (NYSE:HP) on Monday, December 14 with “Buy” rating. The company was maintained on Thursday, May 25 by RBC Capital Markets. Cowen & Co maintained Helmerich & Payne, Inc. (NYSE:HP) on Thursday, September 14 with “Hold” rating. RBC Capital Markets downgraded Helmerich & Payne, Inc. (NYSE:HP) rating on Friday, September 18. RBC Capital Markets has “Sector Perform” rating and $55 target. Bernstein upgraded the stock to “Outperform” rating in Friday, March 3 report. The stock has “Sector Perform” rating by Howard Weil on Friday, July 31. The firm has “Hold” rating given on Thursday, December 21 by RBC Capital Markets.

Since December 15, 2017, it had 0 insider buys, and 1 insider sale for $147,679 activity.

Analysts await Helmerich & Payne, Inc. (NYSE:HP) to report earnings on January, 25. They expect $-0.15 earnings per share, up 63.41% or $0.26 from last year’s $-0.41 per share. After $-0.13 actual earnings per share reported by Helmerich & Payne, Inc. for the previous quarter, Wall Street now forecasts 15.38% negative EPS growth.

Investors sentiment increased to 0.96 in 2017 Q3. Its up 0.03, from 0.93 in 2017Q2. It increased, as 37 investors sold HP shares while 154 reduced holdings. 50 funds opened positions while 133 raised stakes. 112.20 million shares or 3.56% less from 116.34 million shares in 2017Q2 were reported. U S Glob Invsts invested in 9,000 shares. Ferguson Wellman Capital stated it has 0.37% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). Guardian Life Of America holds 0% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP) for 244 shares. Sg Americas Securities Limited, a New York-based fund reported 26,470 shares. Pinnacle Associates stated it has 210,645 shares or 0.2% of all its holdings. Cap Investment Advsr Ltd Company reported 5,355 shares stake. Bessemer Gru reported 0.01% stake. State Board Of Administration Of Florida Retirement Sys owns 166,247 shares for 0.02% of their portfolio. Capital Inv Counsel stated it has 40,582 shares or 0.92% of all its holdings. Bnp Paribas Arbitrage reported 156,791 shares or 0.02% of all its holdings. Thrivent For Lutherans owns 4,310 shares. Grp One Trading LP has 0.02% invested in Helmerich & Payne, Inc. (NYSE:HP). 10,068 are owned by First Republic Invest Mgmt Inc. Panagora Asset Management has invested 0% in Helmerich & Payne, Inc. (NYSE:HP). Metropolitan Life Insurance Company has 0.02% invested in Helmerich & Payne, Inc. (NYSE:HP) for 51,479 shares.

Sfe Investment Counsel, which manages about $321.20 million and $237.84 million US Long portfolio, upped its stake in Claymore Exchange Trd Fd Tr (BSJL) by 19,980 shares to 105,440 shares, valued at $2.66 million in 2017Q3, according to the filing. It also increased its holding in Oneok Inc New (NYSE:OKE) by 46,468 shares in the quarter, for a total of 52,628 shares, and has risen its stake in Mks Instrument Inc (NASDAQ:MKSI).

Analysts await Parker-Hannifin Corporation (NYSE:PH) to report earnings on February, 1. They expect $2.06 earnings per share, up 7.85% or $0.15 from last year’s $1.91 per share. PH’s profit will be $274.44 million for 25.36 P/E if the $2.06 EPS becomes a reality. After $2.24 actual earnings per share reported by Parker-Hannifin Corporation for the previous quarter, Wall Street now forecasts -8.04% negative EPS growth.

Among 21 analysts covering Parker-Hannifin (NYSE:PH), 12 have Buy rating, 1 Sell and 8 Hold. Therefore 57% are positive. Parker-Hannifin had 75 analyst reports since August 9, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $210.0 target in Friday, November 3 report. The company was upgraded on Friday, January 13 by BMO Capital Markets. As per Monday, September 11, the company rating was maintained by Jefferies. Evercore upgraded Parker-Hannifin Corporation (NYSE:PH) on Monday, November 7 to “Buy” rating. The stock of Parker-Hannifin Corporation (NYSE:PH) earned “Equal-Weight” rating by Morgan Stanley on Monday, October 2. Barclays Capital initiated the shares of PH in report on Friday, April 1 with “Equal-Weight” rating. Goldman Sachs upgraded the stock to “Neutral” rating in Tuesday, October 11 report. The firm earned “Neutral” rating on Friday, October 13 by Citigroup. The firm earned “Neutral” rating on Friday, January 19 by Buckingham Research. On Tuesday, August 25 the stock rating was maintained by Deutsche Bank with “Hold”.

Cornerstone Investment Partners Llc, which manages about $8.61 billion and $4.57 billion US Long portfolio, upped its stake in Cisco Systems Inc. (NASDAQ:CSCO) by 2.68 million shares to 5.43M shares, valued at $182.69M in 2017Q3, according to the filing. It also increased its holding in Kohl’s Corporation (NYSE:KSS) by 30,412 shares in the quarter, for a total of 60,904 shares, and has risen its stake in Borgwarner Inc. (NYSE:BWA).

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.15, from 1.1 in 2017Q2. It fall, as 41 investors sold PH shares while 214 reduced holdings. 61 funds opened positions while 180 raised stakes. 100.03 million shares or 3.68% less from 103.85 million shares in 2017Q2 were reported. Lombard Odier Asset Management (Europe) Ltd holds 0.02% in Parker-Hannifin Corporation (NYSE:PH) or 1,831 shares. Schwab Charles Investment Mgmt has invested 0.07% in Parker-Hannifin Corporation (NYSE:PH). Commonwealth Equity Services Incorporated holds 0.02% or 18,814 shares in its portfolio. Moreover, Ing Groep Nv has 0.03% invested in Parker-Hannifin Corporation (NYSE:PH). Citadel Advsr Lc accumulated 160,838 shares. Middleton And Company Incorporated Ma owns 2,055 shares. Parallax Volatility Advisers LP stated it has 0% of its portfolio in Parker-Hannifin Corporation (NYSE:PH). Bank Of America De has 831,716 shares for 0.02% of their portfolio. Ci invested 0% of its portfolio in Parker-Hannifin Corporation (NYSE:PH). Cambridge Research Advsr invested 0.01% of its portfolio in Parker-Hannifin Corporation (NYSE:PH). Liberty Mutual Gp Asset Mgmt Inc holds 0.05% in Parker-Hannifin Corporation (NYSE:PH) or 5,686 shares. Southport Lc has invested 6.52% of its portfolio in Parker-Hannifin Corporation (NYSE:PH). Nationwide Fund Advsr accumulated 43,960 shares or 0.03% of the stock. The France-based Axa has invested 0.25% in Parker-Hannifin Corporation (NYSE:PH). Hartford Mngmt reported 30,022 shares.

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