Traynor Capital Management Inc. Has $1.27 Million Position in Parker-Hannifin Corporation $PH

Traynor Capital Management Inc. lifted its holdings in Parker-Hannifin Corporation (NYSE:PH) by 270.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,672 shares of the industrial products company’s stock after buying an additional 1,221 shares during the period. Traynor Capital Management Inc.’s holdings in Parker-Hannifin were worth $1,268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Procyon Advisors LLC boosted its holdings in shares of Parker-Hannifin by 158,565.9% during the 3rd quarter. Procyon Advisors LLC now owns 5,069,374 shares of the industrial products company’s stock worth $3,843,346,000 after buying an additional 5,066,179 shares in the last quarter. Norges Bank acquired a new stake in Parker-Hannifin in the second quarter worth $1,352,509,000. Canada Pension Plan Investment Board increased its stake in Parker-Hannifin by 115.7% in the second quarter. Canada Pension Plan Investment Board now owns 367,904 shares of the industrial products company’s stock valued at $256,970,000 after purchasing an additional 197,317 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Parker-Hannifin by 9.1% during the 2nd 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 in the last quarter. Finally, Lazard Freres Gestion S.A.S. acquired a new stake in shares of Parker-Hannifin in the 3rd quarter valued at about $103,284,000. Institutional investors own 82.44% of the company’s stock.

Parker-Hannifin Stock Down 1.1%

Parker-Hannifin stock opened at $915.58 on Thursday. Parker-Hannifin Corporation has a fifty-two week low of $488.45 and a fifty-two week high of $954.30. 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 firm’s 50-day simple moving average is $892.87 and its 200 day simple moving average is $803.70. The stock 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.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $6.20 EPS. 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. Research analysts predict that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 6th will be given a dividend of $1.80 per share. The ex-dividend date is Friday, February 6th. This represents a $7.20 annualized dividend and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio is presently 25.65%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PH shares. Stifel Nicolaus upped their price target on Parker-Hannifin from $869.00 to $941.00 and gave the stock a “hold” rating in a research note on Friday, January 23rd. KeyCorp upped their target price on Parker-Hannifin from $935.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. The Goldman Sachs Group lifted their price target on shares of Parker-Hannifin from $900.00 to $1,000.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Citigroup restated a “buy” rating on shares of Parker-Hannifin in a research note on Monday, January 12th. Finally, Robert W. Baird lifted their price objective on shares of Parker-Hannifin from $930.00 to $960.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Seventeen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $950.17.

Insider Activity

In other news, VP Berend Bracht sold 3,507 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the vice president owned 2,580 shares in the company, valued at $2,230,616.40. This trade represents a 57.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Rachid Bendali sold 1,437 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $852.99, for a total value of $1,225,746.63. Following the completion of the sale, the vice president owned 2,714 shares in the company, valued at approximately $2,315,014.86. The trade was a 34.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,432 shares of company stock valued at $6,484,116 in the last three months. Company insiders own 0.32% of the company’s stock.

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.