Brighton Jones LLC Acquires 123 Shares of Parker-Hannifin Corporation $PH

Brighton Jones LLC raised its holdings in Parker-Hannifin Corporation (NYSE:PH) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,938 shares of the industrial products company’s stock after purchasing an additional 123 shares during the quarter. Brighton Jones LLC’s holdings in Parker-Hannifin were worth $1,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Transactions at Parker-Hannifin

In other Parker-Hannifin news, VP Angela R. Ives sold 810 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $727.36, for a total value of $589,161.60. Following the sale, the vice president owned 2,798 shares of the company’s stock, valued at $2,035,153.28. This trade represents a 22.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Robert W. Malone sold 2,257 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $730.66, for a total value 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. The trade was a 27.79% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,039 shares of company stock worth $10,356,566. 0.32% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on PH shares. Susquehanna started coverage on Parker-Hannifin in a research report on Friday, August 15th. They set a “positive” rating and a $860.00 price target on the stock. Morgan Stanley upped their price target on Parker-Hannifin from $700.00 to $725.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft cut Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price target on the stock. in a research report on Thursday, September 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus dropped their price target on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating on the stock in a research report on Monday, October 20th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Parker-Hannifin has a consensus rating of “Moderate Buy” and a consensus price target of $789.67.

Parker-Hannifin Stock Performance

Shares of PH opened at $775.02 on Tuesday. The stock’s 50-day simple moving average is $752.41 and its 200 day simple moving average is $699.32. The stock has a market capitalization of $98.07 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 3.19 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $780.00.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The business had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the firm posted $6.77 EPS. The firm’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. Research analysts forecast that Parker-Hannifin Corporation will post 26.71 EPS 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 $1.80 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $7.20 annualized dividend and a dividend yield of 0.9%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 26.55%.

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.