Oregon Public Employees Retirement Fund Purchases 3,471 Shares of Parker-Hannifin Corporation $PH

Oregon Public Employees Retirement Fund raised its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 31.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,508 shares of the industrial products company’s stock after acquiring an additional 3,471 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Parker-Hannifin were worth $10,999,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Fidelis Capital Partners LLC grew its position in Parker-Hannifin by 1.3% in the 2nd quarter. Fidelis Capital Partners LLC now owns 1,071 shares of the industrial products company’s stock worth $747,000 after purchasing an additional 14 shares during the period. Bingham Private Wealth LLC increased its holdings in Parker-Hannifin by 3.3% in the 2nd quarter. Bingham Private Wealth LLC now owns 472 shares of the industrial products company’s stock worth $330,000 after acquiring an additional 15 shares in the last quarter. Meadow Creek Wealth Advisors LLC raised its stake in Parker-Hannifin by 3.6% during the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 430 shares of the industrial products company’s stock worth $300,000 after acquiring an additional 15 shares during the period. Valeo Financial Advisors LLC lifted its holdings in Parker-Hannifin by 0.8% during the second quarter. Valeo Financial Advisors LLC now owns 1,833 shares of the industrial products company’s stock valued at $1,280,000 after purchasing an additional 15 shares in the last quarter. Finally, Sivia Capital Partners LLC boosted its position in shares of Parker-Hannifin by 3.6% in the second quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock worth $300,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PH. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Susquehanna reissued a “positive” rating and set a $1,000.00 price target on shares of Parker-Hannifin in a report on Wednesday, November 12th. Wells Fargo & Company upped their price objective on Parker-Hannifin from $925.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Wednesday. Stifel Nicolaus increased their target price on Parker-Hannifin from $850.00 to $869.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Finally, Truist Financial boosted their price target on Parker-Hannifin from $977.00 to $1,097.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. Sixteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and a consensus target price of $932.11.

Parker-Hannifin Price Performance

NYSE:PH opened at $922.18 on Friday. The business’s 50-day moving average is $863.45 and its 200 day moving average is $782.13. Parker-Hannifin Corporation has a 12 month low of $488.45 and a 12 month high of $933.33. The company has a market capitalization of $116.37 billion, a P/E ratio of 32.85, a P/E/G ratio of 3.15 and a beta of 1.25. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data 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. The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.20 EPS. 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, equities research analysts forecast that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 7th were paid a dividend of $1.80 per share. The ex-dividend date of this dividend was Friday, November 7th. 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%.

Insider Buying and Selling at Parker-Hannifin

In related news, COO Andrew D. Ross sold 2,488 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $894.81, for a total value of $2,226,287.28. Following the completion of the transaction, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $11,739,907.20. This trade represents a 15.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Berend Bracht sold 3,507 shares of Parker-Hannifin stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total value of $3,032,082.06. Following the completion of the transaction, the vice president owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. This represents a 57.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 7,432 shares of company stock worth $6,484,116 over the last 90 days. 0.32% of the stock is owned by insiders.

Parker-Hannifin Profile

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.