PBU The Pension Fund of Early Childhood & Youth Educators Purchases 2,488 Shares of Parker-Hannifin Corporation $PH

PBU The Pension Fund of Early Childhood & Youth Educators lifted its holdings in shares of Parker-Hannifin Corporation (NYSE:PH) by 8.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,586 shares of the industrial products company’s stock after buying an additional 2,488 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in Parker-Hannifin were worth $31,133,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of PH. Proficio Capital Partners LLC increased its position in shares of Parker-Hannifin by 234.0% during the 2nd quarter. Proficio Capital Partners LLC now owns 1,954 shares of the industrial products company’s stock valued at $1,911,000 after purchasing an additional 1,369 shares during the period. BNP Paribas raised its position in Parker-Hannifin by 4.1% in the second quarter. BNP Paribas now owns 54,208 shares of the industrial products company’s stock worth $52,717,000 after acquiring an additional 2,121 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in Parker-Hannifin by 86.1% in the second quarter. Integrated Wealth Concepts LLC now owns 3,503 shares of the industrial products company’s stock worth $3,426,000 after acquiring an additional 1,621 shares in the last quarter. National Pension Service raised its holdings in shares of Parker-Hannifin by 3.0% in the 2nd quarter. National Pension Service now owns 367,138 shares of the industrial products company’s stock worth $359,105,000 after purchasing an additional 10,590 shares in the last quarter. Finally, Rakuten Investment Management Inc. bought a new stake in Parker-Hannifin during the second quarter worth approximately $19,883,000. Institutional investors own 82.44% of the company’s stock.

Insider Buying and Selling

In other Parker-Hannifin news, VP Berend Bracht sold 602 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1,040.47, for a total value of $626,362.94. Following the transaction, the vice president owned 4,399 shares in the company, valued at $4,577,027.53. The trade was a 12.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.35% of the stock is owned by company insiders.

Parker-Hannifin Stock Down 1.6%

Parker-Hannifin stock opened at $957.16 on Friday. Parker-Hannifin Corporation has a twelve month low of $806.22 and a twelve month high of $1,099.94. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.55 and a current ratio of 0.94. The firm has a market cap of $120.70 billion, a PE ratio of 32.87, a P/E/G ratio of 2.30 and a beta of 1.15. The firm’s 50 day moving average price is $945.81 and its two-hundred day moving average price is $949.76.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, November 5th. The industrial products company reported $8.90 EPS for the quarter, beating the consensus estimate of $8.21 by $0.69. Parker-Hannifin had a net margin of 16.62% and a return on equity of 28.80%. The business had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.81 billion. During the same period in the previous year, the company posted $7.22 EPS. Parker-Hannifin’s revenue was up 17.9% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. On average, research analysts predict that Parker-Hannifin Corporation will post 37.08 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 13th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is presently 27.47%.

Analysts Set New Price Targets

Several research firms have issued reports on PH. Mizuho set a $1,200.00 price target on Parker-Hannifin in a report on Thursday, October 15th. Truist Financial upped their target price on Parker-Hannifin from $1,269.00 to $1,358.00 and gave the company a “buy” rating in a report on Friday, August 7th. BNP Paribas Exane increased their price target on Parker-Hannifin from $1,220.00 to $1,270.00 and gave the company an “outperform” rating in a research report on Friday, September 18th. Raymond James Financial upped their price objective on shares of Parker-Hannifin from $1,050.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Parker-Hannifin from $1,140.00 to $1,131.00 and set an “overweight” rating for the company in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,146.35.

Parker-Hannifin Company Profile

Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications. The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.