Parker-Hannifin Corporation $PH Shares Purchased by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators raised its holdings in Parker-Hannifin Corporation (NYSE:PH) by 8.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,586 shares of the industrial products company’s stock after acquiring an additional 2,488 shares during the quarter. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in Parker-Hannifin were worth $31,133,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PH. BlackRock Inc. acquired a new position in shares of Parker-Hannifin during the 2nd quarter worth $10,163,362,000. Bank of America Corp DE bought a new position in shares of Parker-Hannifin during the 2nd quarter valued at $3,273,507,000. Deutsche Bank AG bought a new position in shares of Parker-Hannifin during the 2nd quarter valued at $987,587,000. Bank of New York Mellon Corp acquired a new stake in shares of Parker-Hannifin in the 2nd quarter valued at $712,222,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Parker-Hannifin in the 2nd quarter valued at $305,628,000. 82.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PH. Susquehanna upped their price objective on shares of Parker-Hannifin from $1,100.00 to $1,250.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Stifel Nicolaus set a $1,002.00 target price on Parker-Hannifin in a report on Monday, October 19th. BMO Capital Markets restated an “outperform” rating and set a $1,214.00 target price (up from $1,068.00) on shares of Parker-Hannifin in a report on Friday, August 7th. JPMorgan Chase & Co. reduced their price target on Parker-Hannifin from $1,140.00 to $1,131.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Finally, The Goldman Sachs Group upped their price target on Parker-Hannifin from $1,071.00 to $1,165.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,146.35.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Berend Bracht sold 602 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $1,040.47, for a total transaction of $626,362.94. Following the completion of the transaction, the vice president owned 4,399 shares of the company’s stock, valued at $4,577,027.53. The trade was a 12.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is currently owned by corporate insiders.

Parker-Hannifin Trading Down 1.6%

Shares of PH stock opened at $957.16 on Friday. Parker-Hannifin Corporation has a 12 month low of $806.22 and a 12 month high of $1,099.94. The company has a market cap of $120.70 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.30 and a beta of 1.15. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average is $945.81 and its two-hundred day moving average is $949.76.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, November 5th. The industrial products company reported $8.90 earnings per share for the quarter, topping analysts’ consensus estimates of $8.21 by $0.69. The business had revenue of $5.99 billion during the quarter, compared to analysts’ expectations of $5.81 billion. Parker-Hannifin had a net margin of 16.62% and a return on equity of 28.80%. Parker-Hannifin’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the previous year, the company earned $7.22 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. Equities analysts predict that Parker-Hannifin Corporation will post 37.08 EPS for the current year.

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, November 13th. Parker-Hannifin’s dividend payout ratio (DPR) is 27.47%.

Parker-Hannifin Profile

Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications. The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.