Legacy Investment Solutions LLC Makes New Investment in Parker-Hannifin Corporation $PH

Legacy Investment Solutions LLC purchased a new stake in Parker-Hannifin Corporation (NYSE:PH) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 252 shares of the industrial products company’s stock, valued at approximately $176,000.

A number of other large investors have also modified their holdings of the stock. Nuveen LLC purchased a new stake in shares of Parker-Hannifin in the 1st quarter valued at approximately $933,089,000. Price T Rowe Associates Inc. MD grew its stake in shares of Parker-Hannifin by 52.6% during the first 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 purchasing an additional 842,262 shares in the last quarter. Wellington Management Group LLP increased its holdings in Parker-Hannifin by 11.6% in the first quarter. Wellington Management Group LLP now owns 2,009,250 shares of the industrial products company’s stock valued at $1,221,323,000 after buying an additional 208,573 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in 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 last quarter. Finally, Vanguard Group Inc. boosted 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 acquiring an additional 168,990 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Insiders Place Their Bets

In other Parker-Hannifin news, EVP Joseph R. Leonti sold 4,625 shares of Parker-Hannifin stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $750.84, for a total value of $3,472,635.00. Following the transaction, the executive vice president directly owned 13,878 shares in the company, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Up 1.2%

PH stock opened at $843.89 on Friday. The company has a market cap of $106.79 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37. The company has a fifty day moving average price of $758.48 and a 200 day moving average price of $712.46. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $851.86.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same period last year, the firm posted $6.20 EPS. Parker-Hannifin’s revenue for the quarter was up 3.7% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. Sell-side analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $7.20 annualized dividend and a yield of 0.9%. Parker-Hannifin’s dividend payout ratio is currently 26.55%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PH shares. Barclays raised their target price on Parker-Hannifin from $785.00 to $906.00 and gave the stock an “overweight” rating in a research report on Friday. Raymond James Financial boosted their price objective on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price for the company. in a report on Thursday, September 4th. Wells Fargo & Company lifted their price target on shares of Parker-Hannifin from $840.00 to $925.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, KeyCorp upped their price objective on shares of Parker-Hannifin from $825.00 to $935.00 and gave the company an “overweight” rating in a research note on Friday. Twelve equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Parker-Hannifin presently has an average rating of “Moderate Buy” and a consensus price target of $822.76.

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.