Teacher Retirement System of Texas Has $43.63 Million Holdings in Parker-Hannifin Corporation $PH

Teacher Retirement System of Texas raised its holdings in Parker-Hannifin Corporation (NYSE:PH) by 155.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,548 shares of the industrial products company’s stock after acquiring an additional 34,984 shares during the period. Teacher Retirement System of Texas’ holdings in Parker-Hannifin were worth $43,630,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Interchange Capital Partners LLC bought a new position in shares of Parker-Hannifin during the 2nd quarter valued at about $31,000. State of Wyoming bought a new stake in Parker-Hannifin during the 2nd quarter worth approximately $38,000. Financial Consulate Inc. acquired a new stake in Parker-Hannifin during the 3rd quarter worth approximately $47,000. Princeton Global Asset Management LLC lifted its stake in Parker-Hannifin by 56.1% in the second quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock valued at $45,000 after buying an additional 23 shares in the last quarter. Finally, Sagard Holdings Management Inc. acquired a new position in shares of Parker-Hannifin in the second quarter valued at approximately $46,000. 82.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on PH shares. KeyCorp raised their price objective on shares of Parker-Hannifin from $935.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. BNP Paribas Exane assumed coverage on Parker-Hannifin in a report on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 target price for the company. JPMorgan Chase & Co. lifted their price target on Parker-Hannifin from $1,050.00 to $1,083.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. The Goldman Sachs Group upped their price objective on Parker-Hannifin from $900.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Finally, Citigroup reiterated a “buy” rating on shares of Parker-Hannifin in a report on Monday, January 12th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Parker-Hannifin has a consensus rating of “Moderate Buy” and an average price target of $950.17.

Parker-Hannifin Price Performance

Shares of NYSE PH opened at $927.58 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.07 and a quick ratio of 0.61. The business has a 50-day moving average of $886.56 and a 200-day moving average of $798.60. The stock has a market capitalization of $117.05 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 3.27 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 $954.30.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.62 by $0.60. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a return on equity of 27.23% and a net margin of 18.17%.Parker-Hannifin’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. As a group, sell-side analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 6th will be paid a $1.80 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $7.20 annualized dividend and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is currently 25.65%.

Insider Buying and Selling

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the sale, the vice president directly owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. This represents a 57.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Rachid Bendali sold 1,437 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the completion of the sale, the vice president owned 2,714 shares of the company’s stock, valued at approximately $2,315,014.86. This represents a 34.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 7,432 shares of company stock worth $6,484,116. Insiders own 0.32% of the company’s stock.

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.