Traynor Capital Management Inc. Acquires 1,221 Shares of Parker-Hannifin Corporation $PH

Traynor Capital Management Inc. boosted its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 270.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,672 shares of the industrial products company’s stock after acquiring an additional 1,221 shares during the quarter. Traynor Capital Management Inc.’s holdings in Parker-Hannifin were worth $1,268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PH. Fidelis Capital Partners LLC increased its position in Parker-Hannifin by 1.3% in the second quarter. Fidelis Capital Partners LLC now owns 1,071 shares of the industrial products company’s stock worth $747,000 after purchasing an additional 14 shares during the period. High Net Worth Advisory Group LLC lifted its holdings in Parker-Hannifin by 0.3% during the third quarter. High Net Worth Advisory Group LLC now owns 4,694 shares of the industrial products company’s stock worth $3,559,000 after acquiring an additional 14 shares in the last quarter. Bingham Private Wealth LLC lifted its holdings in shares of Parker-Hannifin by 3.3% during the 2nd quarter. Bingham Private Wealth LLC now owns 472 shares of the industrial products company’s stock valued at $330,000 after purchasing an additional 15 shares in the last quarter. Meadow Creek Wealth Advisors LLC lifted its stake in Parker-Hannifin by 3.6% in the second quarter. Meadow Creek Wealth Advisors LLC now owns 430 shares of the industrial products company’s stock valued at $300,000 after buying an additional 15 shares in the last quarter. Finally, Valeo Financial Advisors LLC lifted its position in Parker-Hannifin by 0.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,833 shares of the industrial products company’s stock valued at $1,280,000 after acquiring an additional 15 shares in the last quarter. 82.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was 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 owned 2,580 shares of the company’s stock, valued at $2,230,616.40. This represents a 57.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Rachid Bendali sold 1,437 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president owned 2,714 shares of the company’s stock, valued at approximately $2,315,014.86. This trade represents a 34.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 7,432 shares of company stock valued at $6,484,116 in the last 90 days. Corporate insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

PH has been the topic of several research reports. Susquehanna restated a “positive” rating and issued a $1,000.00 target price on shares of Parker-Hannifin in a research note on Wednesday, November 12th. Truist Financial lifted their price target on Parker-Hannifin from $977.00 to $1,097.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. KeyCorp upped their price objective on shares of Parker-Hannifin from $935.00 to $1,050.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Barclays upped their target price on Parker-Hannifin from $950.00 to $990.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Finally, The Goldman Sachs Group raised their price target on shares of Parker-Hannifin from $900.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $950.17.

Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock opened at $915.58 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.61 and a debt-to-equity ratio of 0.54. The company has a market cap of $115.54 billion, a PE ratio of 32.62, a price-to-earnings-growth ratio of 3.22 and a beta of 1.25. The company has a 50 day moving average of $892.87 and a 200-day moving average of $803.70. Parker-Hannifin Corporation has a 1-year low of $488.45 and a 1-year high of $954.30.

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

Parker-Hannifin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 6th will be paid a dividend of $1.80 per share. 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 presently 25.65%.

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.