New York State Teachers Retirement System Cuts Holdings in Parker-Hannifin Corporation $PH

New York State Teachers Retirement System trimmed its position in Parker-Hannifin Corporation (NYSE:PH) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,779 shares of the industrial products company’s stock after selling 1,028 shares during the quarter. New York State Teachers Retirement System’s holdings in Parker-Hannifin were worth $82,471,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elser Financial Planning Inc bought a new stake in Parker-Hannifin in the 3rd quarter worth approximately $205,000. Associated Banc Corp grew its holdings in shares of Parker-Hannifin by 2.6% in the third quarter. Associated Banc Corp now owns 1,658 shares of the industrial products company’s stock valued at $1,257,000 after purchasing an additional 42 shares in the last quarter. Forum Financial Management LP increased its position in Parker-Hannifin by 9.1% in the third quarter. Forum Financial Management LP now owns 1,385 shares of the industrial products company’s stock worth $1,050,000 after purchasing an additional 115 shares during the last quarter. Sonoma Allocations LLC bought a new position in Parker-Hannifin during the third quarter valued at $267,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Parker-Hannifin by 24.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 34,744 shares of the industrial products company’s stock worth $26,341,000 after buying an additional 6,922 shares in the last quarter. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Stock Up 1.7%

NYSE:PH opened at $922.18 on Friday. The stock has a fifty day simple moving average of $863.45 and a 200-day simple moving average of $782.88. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. The company has a market cap of $116.37 billion, a price-to-earnings ratio of 32.85, a price-to-earnings-growth ratio of 3.20 and a beta of 1.25. Parker-Hannifin Corporation has a twelve month low of $488.45 and a twelve month high of $933.33.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. The company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $6.20 EPS. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS and its FY 2026 guidance at 29.600-30.400 EPS. Analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 7th were given a dividend of $1.80 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin’s payout ratio is 25.65%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PH. Robert W. Baird upped their target price on shares of Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Wells Fargo & Company raised their price objective on Parker-Hannifin from $925.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup lifted their target price on Parker-Hannifin from $960.00 to $1,006.00 and gave the stock a “buy” rating in a report on Monday, December 8th. KeyCorp increased their price target on Parker-Hannifin from $935.00 to $1,050.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Stifel Nicolaus lifted their price objective on shares of Parker-Hannifin from $850.00 to $869.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Parker-Hannifin presently has an average rating of “Moderate Buy” and an average target price of $932.11.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the transaction, the vice president owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. This trade represents a 57.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Andrew D. Ross sold 2,488 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the completion of the sale, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $11,739,907.20. The trade was a 15.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 7,432 shares of company stock worth $6,484,116. 0.32% of the stock is currently owned by company insiders.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.