BlackRock Amends Parker Hannifin Stake, Passive Investment Update
Ticker: PH · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 76334
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, portfolio-update
TL;DR
**BlackRock updated its passive stake in Parker Hannifin as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 26, 2024, indicating a change in its ownership of PARKER HANNIFIN CORP's Common Stock as of December 31, 2023. This filing, Amendment No. 12, updates their previous disclosures regarding their passive investment in the company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their investment strategy or outlook on PARKER HANNIFIN CORP, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated position in Parker Hannifin, providing transparency on a significant institutional investor's holdings and potentially influencing market sentiment.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note that BlackRock's updated position is a routine disclosure for a passive investor. While it provides transparency, it doesn't necessarily signal a strong bullish or bearish outlook, but rather an adjustment to their portfolio as of year-end 2023.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- PARKER HANNIFIN CORP (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., a major institutional investment manager.
What is the subject company of this filing?
The subject company is PARKER HANNIFIN CORP, identified by CIK 0000076334.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Common Stock of PARKER HANNIFIN CORP is 701094104.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding PARKER HANNIFIN CORP (PH).