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Significant Insider Selling in Shares of Parker-Hannifin (PH) Continues

05/10/2021 18:27

10:20 PM EDT, 05/10/2021 (MT Newswires) -- There was a substantial insider sale of Parker-Hannifin shares today, as indicated in a filing with the SEC as -- Lee C Banks, Officer -- disposed of 13,618 shares in the company having a market value of approximately $4,307,937. There have been 6 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 3,900 company shares and the sale of 15,812 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 25,530 shares and have averaged 4,761 shares per transaction over this time period.

The number of insider buy/sell trades at Parker-Hannifin is greater than that of the 51 peer company average over the last 90-day period. The Industrial Machinery & Equipment peer group saw 33 buy/sell trades during this period for an average of 0.6 transactions per company. However, the number of shares traded per transaction by Parker-Hannifin insiders is lower than its peers. Within the peer group there were 5,938 shares purchased and 253,028 shares sold with company insiders having sold 7,488 shares on average over this time period.

The data used in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

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.