Brookwood Investment Group LLC Makes New $307,000 Investment in Parker-Hannifin Corporation $PH

Brookwood Investment Group LLC acquired a new position in Parker-Hannifin Corporation (NYSE:PH) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 440 shares of the industrial products company’s stock, valued at approximately $307,000.

A number of other hedge funds also recently modified their holdings of PH. Nuveen LLC bought a new stake in shares of Parker-Hannifin in the 1st quarter worth approximately $933,089,000. Price T Rowe Associates Inc. MD lifted its position in shares of Parker-Hannifin by 52.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,443,104 shares of the industrial products company’s stock worth $1,485,042,000 after buying an additional 842,262 shares during the period. Wellington Management Group LLP lifted its position in shares of Parker-Hannifin by 11.6% during the 1st quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock worth $1,221,323,000 after buying an additional 208,573 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Parker-Hannifin by 23.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 996,738 shares of the industrial products company’s stock worth $605,867,000 after buying an additional 191,799 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Parker-Hannifin by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 11,023,764 shares of the industrial products company’s stock worth $6,700,795,000 after buying an additional 168,990 shares during the period. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Performance

PH opened at $767.40 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The firm has a market capitalization of $97.11 billion, a PE ratio of 28.30, a PEG ratio of 3.20 and a beta of 1.35. The business’s 50-day simple moving average is $752.86 and its 200 day simple moving average is $700.78. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $780.00.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, topping the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the prior year, the company earned $6.77 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, sell-side analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be issued a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s dividend payout ratio (DPR) is presently 26.55%.

Insider Activity

In other Parker-Hannifin news, VP Robert W. Malone sold 2,257 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of the sale, the vice president directly owned 5,866 shares in the company, valued at approximately $4,286,051.56. This trade represents a 27.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Andrew D. Ross sold 4,361 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $732.66, for a total value of $3,195,130.26. Following the sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $9,612,499.20. The trade was a 24.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PH has been the subject of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Citigroup raised their price target on Parker-Hannifin from $831.00 to $874.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Cowen reissued a “hold” rating on shares of Parker-Hannifin in a research note on Friday, August 29th. Barclays lifted their target price on Parker-Hannifin from $776.00 to $785.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Finally, Stifel Nicolaus decreased their price objective on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a research note on Monday, October 20th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $789.67.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.