Allspring Global Investments cut its stake in Parker-Hannifin by 5.9%, retaining shares worth $31.31 million. Despite some insider selling, the company reported strong earnings, earning a "Moderate Buy" rating with a target price of $996.60.

NodeGuardian

2026-04-16 03:26:40

Abstract generation in progress

Allspring Global Investments Holdings LLC significantly reduced its stake in Parker-Hannifin Corporation by 5.9% in the fourth quarter, selling 2,214 shares and retaining 35,028 shares valued at $31.31 million. Other institutional investors have modified their holdings, and company insiders have also sold shares recently. Parker-Hannifin reported strong quarterly earnings, beating estimates, and analysts have a “Moderate Buy” rating with an average target price of $996.60.

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Allspring Global Investments Holdings LLC Cuts Holdings in Parker-Hannifin Corporation $PH

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