Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $27.24 Million Stake in Parker-Hannifin Corporation $PH

Key Points

• Commonwealth of Pennsylvania Public School Employees’ Retirement System reduced its Parker-Hannifin stake by 5.3% in the second quarter, selling 1,552 shares. It still held 27,849 shares valued at approximately $27.24 million, while institutional investors collectively own 82.44% of the stock.
• Analysts maintain a favorable outlook, with 18 Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $1,091.38.
• Parker-Hannifin reported quarterly EPS of $9.27, beating estimates of $8.31, while revenue rose 9.8% year over year to $5.75 billion. Shares opened at $1,056.98, down 1.2%.

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in Parker-Hannifin Corporation (NYSE:PH - Free Report) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,849 shares of the industrial products company's stock after selling 1,552 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Parker-Hannifin were worth $27,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PH. Texas Capital Bancshares Inc TX bought a new position in shares of Parker-Hannifin in the 3rd quarter valued at about $25,000. HFM Investment Advisors LLC boosted its position in Parker-Hannifin by 1,000.0% during the fourth quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in Parker-Hannifin during the fourth quarter valued at approximately $31,000. NFSG Corp grew its stake in Parker-Hannifin by 94.4% in the first quarter. NFSG Corp now owns 35 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 17 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC increased its position in shares of Parker-Hannifin by 80.0% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company's stock worth $32,000 after purchasing an additional 16 shares during the last quarter. 82.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PH. Wells Fargo & Company dropped their price objective on Parker-Hannifin from $980.00 to $950.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 26th. BMO Capital Markets restated an "outperform" rating and set a $1,214.00 target price on shares of Parker-Hannifin in a report on Friday, August 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Parker-Hannifin in a research report on Friday, July 17th. JPMorgan Chase & Co. cut their price target on shares of Parker-Hannifin from $1,100.00 to $1,060.00 and set an "overweight" rating for the company in a research note on Thursday, May 7th. Finally, Stifel Nicolaus set a $1,075.00 price objective on shares of Parker-Hannifin in a research report on Friday, August 7th. Eighteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,091.38.

Parker-Hannifin Trading Down 1.2%

Shares of NYSE:PH opened at $1,056.98 on Friday. The business has a 50 day moving average of $967.88 and a 200-day moving average of $944.74. The stock has a market cap of $133.27 billion, a PE ratio of 37.10, a P/E/G ratio of 2.79 and a beta of 1.12. Parker-Hannifin Corporation has a 12-month low of $715.37 and a 12-month high of $1,099.94. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44.

Parker-Hannifin (NYSE:PH - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.31 by $0.96. Parker-Hannifin had a net margin of 16.97% and a return on equity of 28.48%. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the previous year, the firm posted $7.69 EPS. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, equities research analysts forecast that Parker-Hannifin Corporation will post 34.88 earnings per share for the current 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.

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