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Axa increased its stake in Parker-Hannifin, which reported strong Q4 earnings and a new dividend.
Axa S.A. increased its holdings in Parker-Hannifin by 12.2%, now owning $51.45 million worth of shares.
Parker-Hannifin reported strong Q4 earnings of $6.94 per share, beating estimates by $0.22.
The company also declared a $1.80 quarterly dividend.
Despite Axa's increase, Bank of America reduced its holdings by 7.6%.
Parker-Hannifin has a market cap of $79.73 billion and a share price of $619.37.
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Axa aumentó su participación en Parker-Hannifin, que reportó fuertes ganancias del cuarto trimestre y un nuevo dividendo.