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Park Avenue Securities boosts stake in Parker-Hannifin, which beat Q earnings estimates with $6.94 EPS.
Park Avenue Securities LLC has increased its stake in Parker-Hannifin Co. by 72.5%, while Tilia Fiduciary Partners Inc. has reduced its holdings by 10.0%.
Parker-Hannifin reported $6.94 EPS for the quarter, beating analysts' estimates, with revenue at $4.96 billion.
The company operates in two segments: Diversified Industrial and Aerospace Systems.
Shares have a "Moderate Buy" rating with a price target of $719.71.
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Park Avenue Securities aumenta su participación en Parker-Hannifin, que supera las estimaciones de ganancias de Q con $6.94 EPS.