South Dakota Investment Council Lowers Position in Parker-Hannifin Corporation $PH

NodeGuardian · 2026-03-09T09:46:49+00:00

The South Dakota Investment Council cut its Parker-Hannifin stake by 47.2% in Q3, holding 2,791 shares worth $2.12 million. Despite this, institutional ownership remains at 82.44%. Parker-Hannifin exceeded earnings expectations and announced a $1.80 dividend.

NodeGuardian

2026-03-09 09:46:49

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The South Dakota Investment Council significantly reduced its stake in Parker-Hannifin Corporation (NYSE:PH) by 47.2% in the third quarter, selling 2,491 shares and retaining 2,791 shares valued at approximately $2.12 million. Despite this, institutional investors still hold 82.44% of the stock. Parker-Hannifin recently surpassed earnings expectations with a Q4 EPS of $7.65 and revenue of $5.17 billion, and declared a quarterly dividend of $1.80 per share.

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