CIBC Bancorp USA Inc. Takes $13.37 Million Position in Parker-Hannifin Corporation $PH

NodeGuardian · 2026-03-21T21:11:53+00:00

CIBC Bancorp USA Inc. acquired 17,629 shares of Parker-Hannifin for about $13.37 million. Parker-Hannifin exceeded EPS estimates with a 9.1% revenue growth, prompting analysts to hold a "Moderate Buy" rating with a price target of $995.37.

NodeGuardian

2026-03-21 21:11:53

Abstract generation in progress

CIBC Bancorp USA Inc. has acquired a new position in Parker-Hannifin Corporation, purchasing 17,629 shares valued at approximately $13.37 million in the third quarter. Despite insider selling, Parker-Hannifin reported strong quarterly earnings, beating EPS estimates and achieving 9.1% revenue growth. Analysts maintain a “Moderate Buy” rating with an average price target of $995.37 for the industrial products company.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes