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Parker-Hannifin (NYSE:PH) COO Sells $4,659,336.00 in Stock
Parker-Hannifin’s COO, Andrew Ross, sold 4,664 shares of the company stock for approximately $4.66 million on February 11th, reducing his ownership by over 26%. This sale followed a strong financial quarter for Parker-Hannifin, which exceeded analyst expectations for EPS and revenue, and declared a quarterly dividend of $1.80 per share. Despite the insider sale, analysts maintain a “Moderate Buy” rating for the industrial products company.