New insider activity at Parker Hannifin ( (PH) ) has taken place on February 5, 2025.
Mark T Czaja, the Vice President and Chief Technology & Innovation Officer at Parker Hannifin, recently executed a sale of 375 shares of the company’s stock, amounting to a total transaction value of $266,947.
Recent Updates on PH stock
Parker-Hannifin’s recent developments showcased a mix of strong operational performance and challenges. The company reported record operating margins and significant debt reduction, highlighting its strategic financial management. The aerospace segment drove robust growth, counterbalancing pressures in the industrial segment, which faced declining sales and weaknesses in the off-highway and automotive markets. Positive order trends and a recovering demand environment were noted, yet overall sales declined due to divestitures and currency headwinds. KeyBanc raised its price target for Parker-Hannifin, encouraged by positive order trends across all segments and strong execution, while Barclays slightly lowered its target due to ongoing weaknesses in specific industrial markets but maintained confidence in the company’s long-term prospects.
More about Parker Hannifin
YTD Price Performance: 10.52%
Average Trading Volume: 629,622
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $89.59B
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