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Parker-Hannifin Corp (NYSE:PH) VP & Pres.-Fluid Conn., Scott Patrick, reported selling a total of 1,583 shares of common stock on August 8, 2025, for approximately $1.15 million. The sales occurred in multiple transactions with prices ranging from $728.4 to $731.14 per share.
According to a Form 4 filing with the Securities and Exchange Commission, the executive sold 26 shares at $731.14, 562 shares at $730.14, 600 shares at a weighted average price of $729.42
On the same day, Patrick also exercised stock appreciation rights for 1,380 shares at an exercise price of $166.49, acquiring the shares. The total value of the shares acquired was $229756.
Additionally, 792 shares were disposed of to cover tax obligations, valued at $131860, at a price of $166.49.
Following these transactions, Patrick directly owns 3,455 shares of Parker-Hannifin Corp. common stock. He also indirectly owns 77.23 shares through the Parker Retirement Savings plan. In other recent news, Parker-Hannifin Corporation reported impressive fourth-quarter fiscal 2025 earnings, surpassing expectations with an earnings per share (EPS) of $7.15 against a forecast of $7.11. The company also exceeded revenue projections, reporting $5.2 billion compared to the expected $5.11 billion. This strong performance has prompted financial firms to adjust their outlooks on the company. Goldman Sachs raised its price target for Parker-Hannifin to $804, maintaining a Buy rating, citing the company’s robust quarterly results and a 5% segment EBITA beat compared to consensus estimates. Similarly, KeyBanc raised its price target to $810, maintaining an Overweight rating due to the company’s strong execution amid challenging industrial conditions and its effective capitalization on aerospace tailwinds. These developments highlight the company’s ability to navigate a complex market environment successfully. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.