Wellington Management Group LLP Sells 1,013,718 Shares of Parker-Hannifin Corporation $PH

Wellington Management Group LLP significantly reduced its stake in Parker-Hannifin Corporation by selling over a million shares, now owning approximately 1.15% of the company. This comes as insider selling has also been noted, with several executives offloading shares. Despite these sales, Parker-Hannifin recently beat earnings estimates, reported strong revenue growth, and offers a quarterly dividend.