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

New York State Common Retirement Fund decreased its holdings in Parker-Hannifin Corporation (NYSE:PH) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,690 shares of the industrial products company’s stock after selling 11,000 shares during the period. New York State Common Retirement Fund owned 0.12% of Parker-Hannifin worth $116,520,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Chilton Capital Management LLC bought a new stake in Parker-Hannifin during the 3rd quarter valued at $29,000. Interchange Capital Partners LLC bought a new stake in shares of Parker-Hannifin during the 2nd quarter valued at $31,000. State of Wyoming purchased a new stake in Parker-Hannifin during the 2nd quarter worth about $38,000. Princeton Global Asset Management LLC boosted its stake in Parker-Hannifin by 56.1% in the 2nd quarter. Princeton Global Asset Management LLC now owns 64 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 23 shares during the period. Finally, Sagard Holdings Management Inc. purchased a new position in Parker-Hannifin during the 2nd quarter valued at about $46,000. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Trading Up 3.6%

PH stock opened at $949.49 on Friday. The company has a market capitalization of $119.82 billion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 3.19 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. Parker-Hannifin Corporation has a one year low of $488.45 and a one year high of $965.00. The company’s 50 day moving average price is $895.47 and its two-hundred day moving average price is $804.72.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, January 29th. The industrial products company reported $7.65 EPS for the quarter, beating the consensus estimate of $7.11 by $0.54. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $5.07 billion. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%. As a group, analysts predict that Parker-Hannifin Corporation will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The business also recently announced 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. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, February 6th. Parker-Hannifin’s payout ratio is 25.65%.

Parker-Hannifin News Roundup

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Truist Financial increased their price target on shares of Parker-Hannifin from $977.00 to $1,097.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. Susquehanna reissued a “positive” rating and issued a $1,000.00 price target on shares of Parker-Hannifin in a report on Wednesday, November 12th. Wall Street Zen lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a research note on Tuesday. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a report on Thursday, January 22nd. Finally, Robert W. Baird raised their target price on shares of Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Seventeen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $954.47.

Insider Activity at Parker-Hannifin

In related news, VP Berend Bracht sold 3,507 shares of Parker-Hannifin stock in a transaction on 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 transaction, the vice president directly owned 2,580 shares of the company’s stock, valued at $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Andrew D. Ross sold 2,488 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $894.81, for a total transaction of $2,226,287.28. Following the sale, the chief operating officer owned 13,120 shares of the company’s stock, valued at $11,739,907.20. This represents a 15.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 7,432 shares of company stock worth $6,484,116 in the last ninety days. 0.32% of the stock is owned by company insiders.

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.