California Public Employees Retirement System Raises Stock Holdings in Parker-Hannifin Corporation $PH

California Public Employees Retirement System boosted its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 0.9% during the first quarter, Holdings Channel.com reports. The firm owned 242,995 shares of the industrial products company’s stock after purchasing an additional 2,237 shares during the quarter. California Public Employees Retirement System’s holdings in Parker-Hannifin were worth $217,539,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Texas Capital Bancshares Inc TX purchased a new stake in shares of Parker-Hannifin during the third quarter valued at about $25,000. HFM Investment Advisors LLC grew its position in shares of Parker-Hannifin by 1,000.0% in the 4th quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after buying an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new position in shares of Parker-Hannifin in the 4th quarter worth approximately $31,000. NFSG Corp raised its stake in shares of Parker-Hannifin by 94.4% during the 1st quarter. NFSG Corp now owns 35 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 17 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its position in Parker-Hannifin by 80.0% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 16 shares during the last quarter. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin Stock Down 0.5%

NYSE:PH opened at $953.13 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. Parker-Hannifin Corporation has a twelve month low of $692.02 and a twelve month high of $1,034.96. The company has a market cap of $120.18 billion, a PE ratio of 35.16, a P/E/G ratio of 2.56 and a beta of 1.11. The company’s 50 day moving average is $912.84 and its two-hundred day moving average is $933.05.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.84 by $0.33. The business had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.40 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company posted $6.94 earnings per share. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Analysts anticipate that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were paid a $2.00 dividend. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is 29.51%.

Analyst Ratings Changes

PH has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. Mizuho set a $1,050.00 price objective on Parker-Hannifin in a research report on Friday, May 1st. Sanford C. Bernstein restated an “outperform” rating and set a $1,037.00 target price on shares of Parker-Hannifin in a research note on Thursday. Finally, BMO Capital Markets assumed coverage on Parker-Hannifin in a research report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 target price on the stock. Eighteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,027.38.

About Parker-Hannifin

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.