Public Employees Retirement System of Ohio Purchases 1,652 Shares of Parker-Hannifin Corporation $PH

Public Employees Retirement System of Ohio increased its position in shares of Parker-Hannifin Corporation (NYSE:PH) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,034 shares of the industrial products company’s stock after purchasing an additional 1,652 shares during the period. Public Employees Retirement System of Ohio’s holdings in Parker-Hannifin were worth $48,373,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PH. JFS Wealth Advisors LLC lifted its holdings in shares of Parker-Hannifin by 6.8% during the 4th quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company’s stock worth $152,000 after acquiring an additional 11 shares during the period. Avion Wealth lifted its stake in Parker-Hannifin by 35.5% during the fourth quarter. Avion Wealth now owns 42 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 11 shares during the period. Optas LLC boosted its holdings in Parker-Hannifin by 3.1% during the first quarter. Optas LLC now owns 370 shares of the industrial products company’s stock valued at $331,000 after purchasing an additional 11 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of Parker-Hannifin by 1.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 614 shares of the industrial products company’s stock valued at $540,000 after purchasing an additional 11 shares during the period. Finally, Inspire Advisors LLC lifted its position in shares of Parker-Hannifin by 1.2% during the 4th quarter. Inspire Advisors LLC now owns 917 shares of the industrial products company’s stock worth $807,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PH shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Friday, July 17th. Stifel Nicolaus boosted their target price on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research note on Friday, April 10th. Citigroup reaffirmed a “buy” rating on shares of Parker-Hannifin in a report on Monday, June 8th. Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a research report on Friday, May 1st. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $1,037.00 price target on shares of Parker-Hannifin in a report on Thursday, July 16th. Eighteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,027.38.

Parker-Hannifin Price Performance

Parker-Hannifin stock opened at $985.29 on Friday. The business’s fifty day moving average is $919.76 and its two-hundred day moving average is $935.64. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13. The firm has a market cap of $124.23 billion, a P/E ratio of 36.34, a P/E/G ratio of 2.59 and a beta of 1.11. Parker-Hannifin Corporation has a 52 week low of $692.02 and a 52 week high of $1,034.96.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $5.40 billion. During the same period last year, the company posted $6.94 earnings per share. The firm’s quarterly 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. Equities research analysts forecast that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

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.