Parker-Hannifin Corporation $PH Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in Parker-Hannifin Corporation (NYSE:PH) by 9.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,564 shares of the industrial products company’s stock after selling 2,226 shares during the quarter. Teacher Retirement System of Texas’ holdings in Parker-Hannifin were worth $15,760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in 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 last quarter. 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 acquiring an additional 842,262 shares during the last quarter. 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 acquiring an additional 208,573 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Parker-Hannifin by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,594,347 shares of the industrial products company’s stock valued at $969,124,000 after acquiring an additional 11,815 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Parker-Hannifin during the 1st quarter worth about $933,089,000. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

PH has been the topic of several analyst reports. Raymond James Financial raised their price target on shares of Parker-Hannifin from $735.00 to $845.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. KeyCorp increased their price objective on shares of Parker-Hannifin from $810.00 to $825.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Morgan Stanley increased their price objective on shares of Parker-Hannifin from $700.00 to $725.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 9th. Deutsche Bank Aktiengesellschaft lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective on the stock. in a report on Thursday, September 4th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Parker-Hannifin in a report on Tuesday, August 19th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and a consensus price target of $789.67.

Insider Transactions at Parker-Hannifin

In related news, EVP Joseph R. Leonti sold 4,625 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $750.84, for a total value of $3,472,635.00. Following the transaction, the executive vice president owned 13,878 shares in the company, valued at approximately $10,420,157.52. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Robert W. Malone sold 2,257 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $730.66, for a total transaction of $1,649,099.62. Following the completion of the transaction, the vice president owned 5,866 shares in the company, valued at $4,286,051.56. The trade was a 27.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,039 shares of company stock valued at $10,356,566 in the last three months. 0.32% of the stock is owned by company insiders.

Parker-Hannifin Trading Down 0.9%

NYSE PH opened at $767.40 on Wednesday. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $780.00. The company’s 50 day moving average price is $752.86 and its 200 day moving average price is $700.78. 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 price-to-earnings ratio of 28.30, a PEG ratio of 3.20 and a beta of 1.35.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 EPS for the quarter, beating the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the firm posted $6.77 earnings per share. Parker-Hannifin’s revenue for the quarter was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. On average, sell-side analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Dividend Announcement

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

Parker-Hannifin 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.