Cadence Bancorporation (CADE) Forms $28.86 Double Top; Scopus Asset Management LP Has Decreased Its Parker Hannifin (PH) Holding

Scopus Asset Management Lp decreased Parker Hannifin Corp (PH) stake by 53.17% reported in 2017Q3 SEC filing. Scopus Asset Management Lp sold 186,100 shares as Parker Hannifin Corp (PH)’s stock rose 2.16%. The Scopus Asset Management Lp holds 163,900 shares with $28.69M value, down from 350,000 last quarter. Parker Hannifin Corp now has $24.10B valuation. The stock increased 2.70% or $4.77 during the last trading session, reaching $181.16. About 1.42M shares traded or 32.74% up from the average. Parker-Hannifin Corporation (NYSE:PH) has risen 44.23% since March 9, 2017 and is uptrending. It has outperformed by 27.53% the S&P500.

Cadence Bancorporation (CADE) formed double top with $31.46 target or 9.00% above today’s $28.86 share price. Cadence Bancorporation (CADE) has $2.41 billion valuation. The stock decreased 0.41% or $0.12 during the last trading session, reaching $28.86. About 384,123 shares traded. Cadence Bancorporation (NYSE:CADE) has 0.00% since March 9, 2017 and is . It has underperformed by 16.70% the S&P500.

Among 5 analysts covering Cadence Bancorp (NYSE:CADE), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Cadence Bancorp had 8 analyst reports since May 31, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, July 27 by Stephens. Robert W. Baird maintained the shares of CADE in report on Thursday, August 31 with “Buy” rating. The firm has “Hold” rating given on Tuesday, October 3 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the shares of CADE in report on Monday, August 28 with “Hold” rating. The firm earned “Buy” rating on Wednesday, October 25 by RBC Capital Markets.

Analysts await Cadence Bancorporation (NYSE:CADE) to report earnings on May, 14. They expect $0.45 EPS, up 28.57% or $0.10 from last year’s $0.35 per share. CADE’s profit will be $37.62 million for 16.03 P/E if the $0.45 EPS becomes a reality. After $0.39 actual EPS reported by Cadence Bancorporation for the previous quarter, Wall Street now forecasts 15.38% EPS growth.

Analysts await Parker-Hannifin Corporation (NYSE:PH) to report earnings on April, 26. They expect $2.59 EPS, up 22.75% or $0.48 from last year’s $2.11 per share. PH’s profit will be $344.59 million for 17.49 P/E if the $2.59 EPS becomes a reality. After $2.15 actual EPS reported by Parker-Hannifin Corporation for the previous quarter, Wall Street now forecasts 20.47% EPS growth.

Scopus Asset Management Lp increased Stanley Black & Decker Inc (NYSE:SWK) stake by 15,000 shares to 115,000 valued at $17.36M in 2017Q3. It also upped Quanta Svcs Inc (NYSE:PWR) stake by 50,000 shares and now owns 200,000 shares. Burlington Stores Inc (NYSE:BURL) was raised too.

Among 21 analysts covering Parker-Hannifin (NYSE:PH), 12 have Buy rating, 1 Sell and 8 Hold. Therefore 57% are positive. Parker-Hannifin had 81 analyst reports since August 9, 2015 according to SRatingsIntel. Cowen & Co maintained Parker-Hannifin Corporation (NYSE:PH) rating on Tuesday, January 9. Cowen & Co has “Hold” rating and $180.0 target. Jefferies maintained Parker-Hannifin Corporation (NYSE:PH) rating on Thursday, January 18. Jefferies has “Hold” rating and $205.0 target. On Friday, October 9 the stock rating was upgraded by JP Morgan to “Neutral”. The stock of Parker-Hannifin Corporation (NYSE:PH) has “Neutral” rating given on Friday, January 19 by Buckingham Research. On Thursday, May 25 the stock rating was maintained by Credit Suisse with “Buy”. Stifel Nicolaus maintained Parker-Hannifin Corporation (NYSE:PH) on Friday, July 14 with “Buy” rating. The company was maintained on Friday, November 3 by Buckingham Research. The stock of Parker-Hannifin Corporation (NYSE:PH) earned “Buy” rating by KeyBanc Capital Markets on Thursday, September 14. The company was upgraded on Tuesday, October 11 by Goldman Sachs. The stock has “Sell” rating by Vertical Research on Thursday, March 10.