Parker Hannifin Corp (PH US, +1, May 11th)
James Wainscott (Non-Executive since 2009) purchased $809,000 of stock at $269.67 on May 9th, increasing his holding by 20%. This is only his third purchase in more than 10 years and by far his largest.
His two previous acquisitions in December 2009 and August 2011 at $54.69 and $71.21 respectively, proved timely. The stock has performed very well over 2 years and this is interesting to see him buying again after such a long gap. He was the Chairman & CEO of AK Steel Holding prior to his retirement in 2016 and currently also sits on the board of CSX Corp.
We are ranking the stock +1.
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