Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Stock Position in Parker-Hannifin Corporation $PH

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 4.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 29,352 shares of the industrial products company’s stock after selling 1,332 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Parker-Hannifin were worth $25,799,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PH. HFM Investment Advisors LLC increased its stake 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 valued at $29,000 after purchasing an additional 30 shares in the last quarter. Texas Capital Bancshares Inc TX purchased a new position in shares of Parker-Hannifin in the 3rd quarter valued at about $25,000. Lloyd Advisory Services LLC. purchased a new position in shares of Parker-Hannifin in the 4th quarter valued at about $31,000. Mowery & Schoenfeld Wealth Management LLC increased its stake in shares of Parker-Hannifin by 80.0% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 16 shares in the last quarter. Finally, Ameriflex Group Inc. increased its stake in shares of Parker-Hannifin by 366.7% in the 3rd quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Trading Down 0.1%

PH stock opened at $844.13 on Monday. 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 12-month low of $646.51 and a 12-month high of $1,034.96. The stock has a market cap of $106.44 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 2.46 and a beta of 1.14. The business’s 50-day moving average is $912.81 and its 200 day moving average is $916.09.

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

Parker-Hannifin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 8th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s payout ratio is presently 29.51%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PH. Stifel Nicolaus lifted their price target on Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Weiss Ratings restated a “buy (b)” rating on shares of Parker-Hannifin in a research note on Tuesday, April 21st. Wells Fargo & Company cut their price target on Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. JPMorgan Chase & Co. cut their price target on 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. Finally, Morgan Stanley lifted their price target on Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 24th. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,020.80.

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.