California State Teachers Retirement System Trims Stock Holdings in Parker-Hannifin Corporation $PH

California State Teachers Retirement System decreased its position in Parker-Hannifin Corporation (NYSE:PH) by 2.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 190,787 shares of the industrial products company’s stock after selling 5,314 shares during the quarter. California State Teachers Retirement System’s holdings in Parker-Hannifin were worth $170,800,000 at the end of the most recent quarter.

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

Parker-Hannifin Trading Up 0.4%

Shares of NYSE PH opened at $990.91 on Wednesday. The firm’s 50 day moving average price is $927.63 and its 200-day moving average price is $937.19. The company has a market cap of $124.94 billion, a PE ratio of 36.55, a P/E/G ratio of 2.64 and a beta of 1.11. Parker-Hannifin Corporation has a 52-week low of $692.02 and a 52-week high of $1,034.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13.

Parker-Hannifin (NYSE:PH) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share for the quarter, beating the consensus estimate of $7.84 by $0.33. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same quarter last year, the firm earned $6.94 earnings per share. The firm’s quarterly 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, equities research analysts expect that Parker-Hannifin Corporation will post 31.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PH. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Wells Fargo & Company cut their price target 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. Evercore set a $1,064.00 price objective on Parker-Hannifin in a research report on Monday, May 11th. Sanford C. Bernstein reiterated an “outperform” rating and set a $1,037.00 price objective on shares of Parker-Hannifin in a research note on Thursday, July 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a report on Friday, July 17th. Eighteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Parker-Hannifin currently has a consensus rating of “Moderate Buy” and an average price target of $1,027.38.

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.