Oregon Public Employees Retirement Fund Purchases 3,471 Shares of Parker-Hannifin Corporation $PH

Oregon Public Employees Retirement Fund lifted its position in Parker-Hannifin Corporation (NYSE:PH) by 31.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,508 shares of the industrial products company’s stock after purchasing an additional 3,471 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Parker-Hannifin were worth $10,999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PH. Norges Bank bought a new position in Parker-Hannifin in the 2nd quarter worth about $1,352,509,000. Canada Pension Plan Investment Board grew its holdings in shares of Parker-Hannifin by 115.7% during the second quarter. Canada Pension Plan Investment Board now owns 367,904 shares of the industrial products company’s stock worth $256,970,000 after purchasing an additional 197,317 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Parker-Hannifin by 9.1% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,639,582 shares of the industrial products company’s stock worth $1,145,199,000 after purchasing an additional 136,359 shares during the last quarter. Lazard Freres Gestion S.A.S. purchased a new stake in Parker-Hannifin in the third quarter valued at approximately $103,284,000. Finally, AMF Tjanstepension AB lifted its position in Parker-Hannifin by 28.2% during the second quarter. AMF Tjanstepension AB now owns 533,895 shares of the industrial products company’s stock valued at $372,991,000 after purchasing an additional 117,511 shares during the last quarter. Hedge funds and other institutional investors own 82.44% of the company’s stock.

Analysts Set New Price Targets

PH has been the topic of a number of research analyst reports. Mizuho increased their price target on shares of Parker-Hannifin from $800.00 to $825.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Citigroup increased their target price on Parker-Hannifin from $960.00 to $1,006.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Argus reaffirmed a “buy” rating and set a $900.00 price target on shares of Parker-Hannifin in a research note on Monday, November 10th. Truist Financial increased their price objective on Parker-Hannifin from $977.00 to $1,097.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Finally, Barclays raised their price objective on Parker-Hannifin from $950.00 to $990.00 and gave the company an “overweight” rating in a report on Wednesday. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $932.11.

Insider Activity at Parker-Hannifin

In related news, VP Berend Bracht sold 3,507 shares of the stock in a transaction dated Wednesday, November 12th. The shares were 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 $2,230,616.40. This represents a 57.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Andrew D. Ross sold 2,488 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $894.81, for a total value of $2,226,287.28. Following the completion of the transaction, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $11,739,907.20. The trade was a 15.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,432 shares of company stock worth $6,484,116 over the last 90 days. 0.32% of the stock is owned by company insiders.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $922.18 on Friday. The company has a market capitalization of $116.37 billion, a P/E ratio of 32.85, a PEG ratio of 3.15 and a beta of 1.25. 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 stock has a 50 day moving average price of $863.45 and a two-hundred day moving average price of $782.13. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $933.33.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.62 by $0.60. The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.20 earnings per share. 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. Analysts expect that Parker-Hannifin Corporation will post 26.71 earnings per share for the current year.

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 7th were issued a $1.80 dividend. The ex-dividend date was Friday, November 7th. This represents a $7.20 annualized dividend and a yield of 0.8%. Parker-Hannifin’s payout ratio is 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.