Bessemer Group Inc. has sold 4,962 shares of
Parker-Hannifin Corporation, despite the increase in shares by
Heirloom Wealth Management and
Golden State Wealth Management LLC. Many other groups, such as Mattern Capital Management LLC and Artemis Investment Management LLP, have reduced their position in the company, while others, like Nilsine Partners LLC and Dupont Capital Management Corp, have increased their holdings. Parker-Hannifin has also seen substantial purchases by the
Board of the Pension Protection Fund and
Monte Financial Group LLC.
Cambridge Investment Research Advisors Inc. and Perfromance Wealth Partners LLC have cut their stake, but companies such as
Hartford Financial Management Inc. have increased their stock positions. There are speculations Parker-Hannifin may be splitting soon and has shown strong margin performance in recent earnings calls. A lawsuit has been filed by
Davidson Instruments, Inc. accusing Parker-Hannifin of antitrust violations and theft of trade secrets. Parker-Hannifin has announced the leadership transition, with the retirement of
Filtration Group President Rob Malone and his successor,
Matt Jacobson. The stock has been rated as '
Moderate Buy' by analysts and despite some reduction in holdings by groups like Bank Pictet & Cie Europe AG, Parker-Hannifin remains a favorite amongst institutional investors.
Parker-Hannifin Corporation PH News Analytics from Wed, 04 Sep 2024 07:00:00 GMT to Sat, 28 Jun 2025 12:54:10 GMT -
Rating 5
- Innovation -2
- Information 8
- Rumor -1
