Strs Ohio Cuts Stock Holdings in Parker-Hannifin Corporation $PH

Strs Ohio trimmed its stake in Parker-Hannifin Corporation (NYSE:PH) by 6.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,340 shares of the industrial products company’s stock after selling 3,482 shares during the period. Strs Ohio’s holdings in Parker-Hannifin were worth $37,407,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PH. Procyon Advisors LLC raised its position in shares of Parker-Hannifin by 158,565.9% during the 3rd quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company’s stock valued at $3,843,346,000 after buying an additional 5,066,179 shares in the last quarter. Norges Bank bought a new position in Parker-Hannifin in the second quarter valued at $1,352,509,000. Canada Pension Plan Investment Board raised its position in Parker-Hannifin by 115.7% during the second quarter. Canada Pension Plan Investment Board now owns 367,904 shares of the industrial products company’s stock valued at $256,970,000 after purchasing an additional 197,317 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Parker-Hannifin by 9.1% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,639,582 shares of the industrial products company’s stock worth $1,145,199,000 after purchasing an additional 136,359 shares during the last quarter. Finally, Lazard Freres Gestion S.A.S. purchased a new position in shares of Parker-Hannifin in the 3rd quarter worth about $103,284,000. 82.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PH has been the topic of a number of research reports. Truist Financial raised their price objective on Parker-Hannifin from $977.00 to $1,097.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Thursday. Susquehanna restated a “positive” rating and issued a $1,000.00 price objective on shares of Parker-Hannifin in a report on Wednesday, November 12th. Citigroup reaffirmed a “buy” rating on shares of Parker-Hannifin in a research note on Monday, January 12th. Finally, Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Monday, January 19th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $950.17.

Parker-Hannifin Trading Down 1.2%

NYSE:PH opened at $927.58 on Friday. The firm has a market capitalization of $117.05 billion, a P/E ratio of 33.05, a P/E/G ratio of 3.27 and a beta of 1.25. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $886.56 and a 200 day moving average of $798.60. Parker-Hannifin Corporation has a 52 week low of $488.45 and a 52 week high of $954.30.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter last year, the firm earned $6.20 EPS. The company’s revenue was up 3.7% on a year-over-year basis. 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. On average, research analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Announces Dividend

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

Insiders Place Their Bets

In related news, VP Rachid Bendali sold 1,437 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Andrew D. Ross sold 2,488 shares of Parker-Hannifin stock in a transaction on Thursday, December 11th. The shares were 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 owned 13,120 shares in the company, valued at approximately $11,739,907.20. This trade represents a 15.94% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 7,432 shares of company stock worth $6,484,116. 0.32% of the stock is currently owned by company insiders.

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.