Strs Ohio Cuts Holdings in Parker-Hannifin Corporation $PH

Key Points

• Strs Ohio trimmed its stake in Parker‑Hannifin by 21.8% in Q4, selling 10,777 shares and leaving 38,563 shares valued at about $33.9 million.
• Parker‑Hannifin posted a Q3 beat (adjusted EPS $8.17, revenue $5.49B), raised FY‑2026 adjusted EPS guidance to $31.20 and reported a record $12.5B backlog, while returning capital via ~$275M of buybacks and a quarterly dividend increase to $2.00.
• Despite the beats, shares have seen volatility partly due to mixed institutional flows and heavy insider selling (10,063 shares worth ~$9.89M in the last 90 days), with institutional ownership at about 82.4%.

Strs Ohio trimmed its holdings in shares of Parker-Hannifin Corporation (NYSE:PH - Free Report) by 21.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,563 shares of the industrial products company's stock after selling 10,777 shares during the quarter. Strs Ohio's holdings in Parker-Hannifin were worth $33,895,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. JFS Wealth Advisors LLC grew its stake in Parker-Hannifin by 6.8% in the 4th quarter. JFS Wealth Advisors LLC now owns 173 shares of the industrial products company's stock valued at $152,000 after purchasing an additional 11 shares during the period. Avion Wealth raised its stake in shares of Parker-Hannifin by 35.5% during the 4th 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. 180 Wealth Advisors LLC boosted its holdings in shares of Parker-Hannifin by 1.9% in the 4th quarter. 180 Wealth Advisors LLC now owns 652 shares of the industrial products company's stock worth $573,000 after buying an additional 12 shares during the last quarter. Altfest L J & Co. Inc. boosted its holdings in shares of Parker-Hannifin by 4.4% in the 4th quarter. Altfest L J & Co. Inc. now owns 286 shares of the industrial products company's stock worth $251,000 after buying an additional 12 shares during the last quarter. Finally, Berkshire Asset Management LLC PA grew its position in Parker-Hannifin by 1.1% during the third quarter. Berkshire Asset Management LLC PA now owns 1,208 shares of the industrial products company's stock valued at $916,000 after buying an additional 13 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Key Headlines Impacting Parker-Hannifin

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

• Positive Sentiment: Q3 beat and raised outlook — Adjusted EPS of $8.17 (+18% YoY) and record quarterly revenue (~$5.5B). Management lifted FY‑2026 adjusted EPS guidance to $31.20, signaling continued demand and execution. Parker Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Record backlog and aerospace strength — Backlog hit $12.5B and aerospace organic growth/expanding margins were highlighted as the primary tailwinds supporting near‑term revenue visibility. Parker Hannifin Backlog Hits Record $12.5 Billion, Lifts Outlook
• Positive Sentiment: Cash generation & buybacks/dividend — Year‑to‑date operating cash flow remains strong (record), the company repurchased ~$275M in the quarter and raised its dividend (70th consecutive hike), supporting shareholder returns. Parker Reports Fiscal 2026 Third Quarter Results
• Neutral Sentiment: Analyst coverage remains constructive — Multiple buy/overweight ratings and a median price target around $1,038 suggest upside among sell‑side analysts, which can limit downside but also set high expectations. Parker-Hannifin Stock (PH) Opinions on Q3 Earnings Beat
• Neutral Sentiment: Institutional flows mixed — Large asset managers trimmed positions while other funds added; this rebalancing increases intra‑day volume and can amplify moves without signaling a clear directional consensus. Parker-Hannifin Stock (PH) Opinions on Q3 Earnings Beat
• Negative Sentiment: Sell‑the‑news reaction — Despite beats, shares fell after the print as investors digested that the raise wasn’t a major upside surprise and that GAAP net income/EPS fell vs. prior year (prior quarter included a discrete tax benefit). Parker-Hannifin shares slide as investors digest Q3 results and a raised—but not blowout—full-year outlook
• Negative Sentiment: Heavy insider selling — Public filings show no insider purchases and numerous sales by senior executives in recent months; that can spook momentum traders even if sales may be for diversification or tax planning. Parker-Hannifin Stock (PH) Opinions on Q3 Earnings Beat
• Negative Sentiment: Guidance details mixed — Adjusted EPS guidance slightly above consensus but revenue guidance (~$21.2B) was roughly in line or slightly below some street models; not a clear upward re‑rating catalyst. Parker-Hannifin Tops Q3 Earnings & Sales Estimates, Updates 26' View

Parker-Hannifin Stock Performance

Shares of PH stock opened at $881.74 on Friday. The firm's 50 day moving average is $948.12 and its 200 day moving average is $901.99. The stock has a market capitalization of $111.29 billion, a P/E ratio of 32.52, a PEG ratio of 2.84 and a beta of 1.18. Parker-Hannifin Corporation has a 12 month low of $608.31 and a 12 month high of $1,034.96. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings data 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 net margin of 16.58% and a return on equity of 27.97%. The business had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same period in the previous year, the business earned $6.94 EPS. Parker-Hannifin's 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. On average, sell-side analysts anticipate that Parker-Hannifin Corporation will post 31.09 earnings per share for the current year.

Parker-Hannifin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. This is a boost from Parker-Hannifin's previous quarterly dividend of $1.80. The ex-dividend date is Friday, May 8th. Parker-Hannifin's dividend payout ratio (DPR) is presently 26.26%.

Wall Street Analyst Weigh In

PH has been the subject of a number of research analyst reports. Citigroup raised their price objective on shares of Parker-Hannifin from $1,137.00 to $1,141.00 and gave the stock a "buy" rating in a report on Friday. Morgan Stanley boosted their target price on shares of Parker-Hannifin from $945.00 to $1,038.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 24th. Weiss Ratings restated a "buy (b)" rating on shares of Parker-Hannifin in a research note on Tuesday, April 21st. Truist Financial set a $1,147.00 price target on shares of Parker-Hannifin in a report on Friday. Finally, JPMorgan Chase & Co. upped their price objective on Parker-Hannifin from $1,083.00 to $1,100.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. Seventeen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,012.45.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Dinu J. Parel sold 1,316 shares of Parker-Hannifin stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $950.05, for a total transaction of $1,250,265.80. Following the completion of the transaction, the vice president owned 6,534 shares of the company's stock, valued at $6,207,626.70. The trade was a 16.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Andrew D. Ross sold 4,664 shares of the company's stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $999.00, for a total value of $4,659,336.00. Following the sale, the chief operating officer owned 13,120 shares in the company, valued at approximately $13,106,880. This represents a 26.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,063 shares of company stock worth $9,891,214 in the last 90 days. 0.32% of the stock is owned by company insiders.

About Parker-Hannifin

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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