California Public Employees Retirement System Acquires 13,837 Shares of Parker-Hannifin Corporation $PH

California Public Employees Retirement System lifted its holdings in Parker-Hannifin Corporation (NYSE:PH) by 6.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 222,239 shares of the industrial products company’s stock after acquiring an additional 13,837 shares during the quarter. California Public Employees Retirement System owned 0.17% of Parker-Hannifin worth $155,227,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Wealth Preservation Advisors LLC bought a new stake in Parker-Hannifin in the first quarter worth $27,000. Interchange Capital Partners LLC purchased a new position in shares of Parker-Hannifin in the second quarter worth about $31,000. Saudi Central Bank purchased a new position in shares of Parker-Hannifin in the first quarter worth about $31,000. Princeton Global Asset Management LLC lifted its stake in shares of Parker-Hannifin by 56.1% in the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 23 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in Parker-Hannifin by 421.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 73 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 59 shares during the period. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Insider Buying and Selling

In other news, VP Berend Bracht sold 3,507 shares of the stock in a transaction that occurred on 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Rachid Bendali sold 1,437 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total value of $1,225,746.63. Following the completion of the transaction, the vice president owned 2,714 shares of the company’s stock, valued at approximately $2,315,014.86. The trade was a 34.62% decrease in their position. The SEC filing for this sale provides additional information. 0.32% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PH. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 target price on the stock. in a research note on Thursday, September 4th. Stifel Nicolaus dropped their price target on shares of Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a research report on Monday, October 20th. Mizuho boosted their price objective on shares of Parker-Hannifin from $800.00 to $825.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Wall Street Zen downgraded shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $875.65.

Parker-Hannifin Stock Up 0.7%

Shares of Parker-Hannifin stock opened at $880.17 on Monday. 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 Corporation has a 12-month low of $488.45 and a 12-month high of $882.00. The company has a market cap of $111.07 billion, a P/E ratio of 31.36, a PEG ratio of 3.06 and a beta of 1.25. The company’s fifty day simple moving average is $795.38 and its two-hundred day simple moving average is $743.92.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, beating 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 firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter in the previous year, the firm posted $6.20 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. 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. Research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current year.

Parker-Hannifin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 7th were issued a dividend of $1.80 per share. The ex-dividend date was Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio is 25.65%.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.