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Insider Trends: Parker-Hannifin Insider Disposition Interrupting 90-Day Buy Trend

05/07/2021 12:38

04:28 PM EDT, 05/07/2021 (MT Newswires) -- Lee C Banks, President & COO, sold 13,618 shares in Parker-Hannifin (PH) for $4,307,937 on May 05, 2021. Banks has control over 135,423 company shares of which 108,344 shares are controlled directly and 27,079 shares indirectly subsequent to the transactions delineated in the SEC Form 4 filing. These holdings have an approximate market value of $42.8 million as of the prior-day closing price.

Over the last 90 days, previous to the date of this filing, there have been 40 insider transactions reported to the SEC for Parker-Hannifin. These transactions came from the activities of 16 separate insiders that resulted in a net acquisition of 64,248 company shares. Relative to the preceding 90-day window of time, there were 13 transactions from 7 insiders that resulted in the net disposition of 1,180 shares.

This is less than the average level of insider transactions in the 51-company Industrial Machinery & Equipment peer group over the last 90-day period. Within the peer group activity averaged 130.9 transactions per company, and disposition of 113,533 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/76334/000007633421000114/xslF345X03/edgar.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.