Rathbones Group PLC Raises Stake in Parker-Hannifin Corporation $PH

Rathbones Group PLC significantly increased its holdings in Parker-Hannifin Corporation, acquiring an additional 49,598 shares to reach a total of 162,313 shares valued at approximately $145.3 million. This move reflects continued institutional interest in Parker-Hannifin, with 82.44% of its stock held by institutional investors. The company also reported strong quarterly earnings, surpassing analyst expectations with adjusted EPS of $8.17 and revenue of $5.49 billion.