Strs Ohio Lowers Position in Parker-Hannifin Corporation $PH

Strs Ohio trimmed its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,340 shares of the industrial products company’s stock after selling 3,482 shares during the quarter. Strs Ohio’s holdings in Parker-Hannifin were worth $37,407,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in Parker-Hannifin by 5.9% in the fourth quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company’s stock worth $1,150,000 after purchasing an additional 101 shares during the period. Bison Wealth LLC lifted its position in Parker-Hannifin by 4.5% during the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock valued at $476,000 after buying an additional 32 shares during the period. Empowered Funds LLC boosted its holdings in shares of Parker-Hannifin by 0.5% during the 1st quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company’s stock valued at $1,759,000 after buying an additional 15 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Parker-Hannifin by 26.2% in the 1st quarter. Acadian Asset Management LLC now owns 799 shares of the industrial products company’s stock worth $484,000 after buying an additional 166 shares during the period. Finally, Sivia Capital Partners LLC increased its stake in shares of Parker-Hannifin by 3.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock worth $300,000 after acquiring an additional 15 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on PH. Wells Fargo & Company boosted their price objective on shares of Parker-Hannifin from $925.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Robert W. Baird boosted their price target on Parker-Hannifin from $930.00 to $960.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. BNP Paribas Exane began coverage on Parker-Hannifin in a research report on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Parker-Hannifin from $1,050.00 to $1,083.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Finally, Mizuho increased their target price on Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $950.17.

Insider Activity at Parker-Hannifin

In related news, VP Rachid Bendali sold 1,437 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the transaction, the vice president owned 2,714 shares in the company, valued at $2,315,014.86. This represents a 34.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Berend Bracht sold 3,507 shares of Parker-Hannifin stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the completion of the sale, the vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,432 shares of company stock worth $6,484,116 over the last quarter. Company insiders own 0.32% of the company’s stock.

Parker-Hannifin Stock Down 1.2%

Parker-Hannifin stock opened at $927.58 on Friday. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $954.30. The stock has a fifty day simple moving average of $886.56 and a two-hundred day simple moving average of $798.60. 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 firm has a market cap of $117.05 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 3.27 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, beating the consensus estimate of $6.62 by $0.60. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The company had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. During the same period last year, the firm posted $6.20 earnings per share. Parker-Hannifin’s revenue was up 3.7% compared to the same quarter last year. 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. Equities analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 6th will be issued a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, February 6th. Parker-Hannifin’s payout ratio is presently 25.65%.

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.