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Insider Trends: Parker-Hannifin Insider Disposition Slows 90-Days of Buys

05/11/2021 12:43

04:29 PM EDT, 05/11/2021 (MT Newswires) -- Andrew D Ross, VP, Pres-Fluid Connectors, reported a sale of 3,928 shares in Parker-Hannifin (PH) on May 07, 2021, for $1,257,117. Following the Form 4 filing with the SEC, Ross has control over a total of 15,712 shares of company stock, with 11,497 shares held directly and 4,215 controlled indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $4.97 million.

During the most recent 90-day period, previous to the date of this filing, there have been 46 insider transactions reported to the SEC for Parker-Hannifin. These transactions came from the activities of 17 different insiders that resulted in a net acquisition of 40,843 company shares. Relative to the preceding 90-day window of time, there were 10 transactions from 6 insiders which resulted in the net disposition of 1,180 shares.

This level of transactions is below that of the peer group average in the 51-company Industrial Machinery & Equipment peer group over the last 90-day period. Peer group activity averaged 131.4 transactions per company, and disposition of 113,537 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/76334/000007633421000122/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.