New York State Common Retirement Fund Sells 11,000 Shares of Parker-Hannifin Corporation $PH

New York State Common Retirement Fund reduced its holdings in Parker-Hannifin Corporation (NYSE:PH) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 153,690 shares of the industrial products company’s stock after selling 11,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Parker-Hannifin were worth $116,520,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in PH. Fidelis Capital Partners LLC lifted its stake in Parker-Hannifin by 1.3% in the second quarter. Fidelis Capital Partners LLC now owns 1,071 shares of the industrial products company’s stock worth $747,000 after acquiring an additional 14 shares during the period. High Net Worth Advisory Group LLC raised its holdings in Parker-Hannifin by 0.3% in the 3rd quarter. High Net Worth Advisory Group LLC now owns 4,694 shares of the industrial products company’s stock worth $3,559,000 after purchasing an additional 14 shares in the last quarter. Bingham Private Wealth LLC lifted its position in shares of 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 purchasing an additional 15 shares during the period. Meadow Creek Wealth Advisors LLC boosted its stake in shares of 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 valued at $300,000 after purchasing an additional 15 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its position in shares of 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 buying an additional 15 shares during the period. 82.44% of the stock is owned by hedge funds and other institutional investors.

Key Parker-Hannifin News

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Q2 results beat expectations — revenue of ~$5.17B, adjusted EPS of $7.65 (beat estimates), record sales and organic sales growth (~6.6%), and margin expansion. These driven fundamentals are the main catalyst behind today’s share strength. Parker Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: Company raised its annual profit outlook citing stronger aerospace parts demand and momentum across businesses, which supports higher forward earnings expectations. Parker-Hannifin raises annual profit forecast on aerospace parts demand
• Neutral Sentiment: Analyst activity: Stifel raised its price target to $941, providing price-target support, but kept a Hold rating — a mixed signal for investors weighing upside vs. valuation. Stifel Revises Parker-Hannifin (PH) Outlook in Diversified Industrials Review
• Neutral Sentiment: Company materials and transcripts (earnings release, slide deck, call transcripts) are now available — useful for investors who want details on segment trends, buyback/dividend plans, and free cash flow assumptions. View Press Release (slide deck)
• Negative Sentiment: On a GAAP basis net income and EPS were down versus last year because the prior-year quarter included a one-time after?tax divestiture gain — a reminder to focus on adjusted results and the sustainability of margin gains. Parker Reports Fiscal 2026 Second Quarter Results

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Parker-Hannifin from $1,050.00 to $1,083.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Argus restated a “buy” rating and set a $900.00 price target on shares of Parker-Hannifin in a research report on Monday, November 10th. Industrial Alliance Securities set a $1,032.00 price target on Parker-Hannifin in a research note on Thursday. BNP Paribas Exane started coverage on Parker-Hannifin in a research report on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 price objective for the company. Finally, Wall Street Zen cut shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Tuesday. Seventeen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $954.47.

Insider Activity

In related news, COO Andrew D. Ross sold 2,488 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the sale, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $11,739,907.20. This trade represents a 15.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Berend Bracht sold 3,507 shares of the business’s 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 directly owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. This trade represents a 57.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,432 shares of company stock valued at $6,484,116 over the last ninety days. 0.32% of the stock is currently owned by corporate insiders.

Parker-Hannifin Stock Up 3.6%

NYSE:PH opened at $949.49 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.61 and a current ratio of 1.07. The firm has a market cap of $119.82 billion, a P/E ratio of 33.83, a P/E/G ratio of 3.19 and a beta of 1.25. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $965.00. The firm has a 50-day simple moving average of $895.47 and a two-hundred day simple moving average of $804.72.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings results on Thursday, January 29th. The industrial products company reported $7.65 EPS for the quarter, beating analysts’ consensus estimates of $7.11 by $0.54. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The firm had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $5.07 billion. Analysts predict 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 will be paid on Friday, March 6th. Stockholders of record on Friday, February 6th will be paid a $1.80 dividend. The ex-dividend date is Friday, February 6th. This represents a $7.20 annualized dividend and a dividend yield of 0.8%. Parker-Hannifin’s payout ratio is currently 25.65%.

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.