Teachers Retirement System of The State of Kentucky Has $66.98 Million Position in Parker-Hannifin Corporation $PH

Teachers Retirement System of The State of Kentucky lessened its position in Parker-Hannifin Corporation (NYSE:PH) by 11.7% in the 1st quarter, Holdings Channel reports. The firm owned 74,822 shares of the industrial products company’s stock after selling 9,889 shares during the period. Parker-Hannifin accounts for approximately 0.5% of Teachers Retirement System of The State of Kentucky’s investment portfolio, making the stock its 23rd biggest holding. Teachers Retirement System of The State of Kentucky’s holdings in Parker-Hannifin were worth $66,985,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PH. Brighton Jones LLC boosted its position in shares of Parker-Hannifin by 5.9% during 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 in the last quarter. Bison Wealth LLC increased its position in shares of Parker-Hannifin by 4.5% in the 4th 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 in the last quarter. Empowered Funds LLC increased its position in shares of Parker-Hannifin by 0.5% in 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 raised its stake in Parker-Hannifin by 26.2% during 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 raised its stake in Parker-Hannifin by 3.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock worth $300,000 after buying an additional 15 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Mizuho set a $1,050.00 target price on Parker-Hannifin in a research note on Friday, May 1st. Stifel Nicolaus raised their price target on Parker-Hannifin from $965.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Friday, April 10th. Truist Financial lifted their price objective on Parker-Hannifin from $1,147.00 to $1,269.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Finally, Wells Fargo & Company lowered their target price 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. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,026.86.

Parker-Hannifin Price Performance

Shares of PH opened at $960.96 on Monday. The stock has a market capitalization of $121.17 billion, a P/E ratio of 35.45, a P/E/G ratio of 2.57 and a beta of 1.11. Parker-Hannifin Corporation has a twelve month low of $692.02 and a twelve month high of $1,034.96. The company has a 50 day moving average of $906.28 and a 200-day moving average of $930.98. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.46.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.84 by $0.33. The firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, equities research analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 8th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, May 8th. This is a boost from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s payout ratio is currently 29.51%.

Parker-Hannifin Company 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.