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Parker-Hannifin Corporation $PH Shares Sold by Union Bancaire Privee UBP SA
Union Bancaire Privee UBP SA decreased its stake in Parker-Hannifin Corporation (NYSE:PH) by 7.4% in the fourth quarter, selling 4,591 shares. Despite this, other institutional investors like Procyon Advisors LLC, Bank of America Corp DE, and Capital World Investors significantly increased their holdings in the industrial products company. Parker-Hannifin reported strong Q4 earnings, surpassing analyst estimates, and announced a quarterly dividend, while analysts maintain a “Moderate Buy” rating with a consensus target price of $995.37.