What Did This CEO Just Do with Personal Shares of Parker Hannifin (NYSE: PH)?

Today, the Chairman & CEO of Parker Hannifin (PHResearch Report), Thomas L. Williams, sold shares of PH for $5.8M.

Following Thomas L. Williams’ last PH Sell transaction on May 13, 2014, the stock climbed by 67.5%. In addition to Thomas L. Williams, one other PH executive reported Sell trades in the last month.

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The company has a one-year high of $193.19 and a one-year low of $140.82. Currently, Parker Hannifin has an average volume of 887.73K. PH’s market cap is $23.29B and the company has a P/E ratio of 15.82.

In the last 30 days, insiders have sold $5.8M worth of PH shares and purchased $427.6K worth of PH shares. The insider sentiment on Parker Hannifin has been positive according to 56 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Thomas L. Williams’ trades have generated a -15.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Parker-Hannifin Corp. engages in the manufacture of motion and control technologies and systems. The firm also provides engineered solutions for mobile, industrial, and aerospace markets. It operates through the following segments: Diversified Industrial and Aerospace Systems.