Parker-Hannifin Corporation (NYSE:PH) Announces $1.80 Quarterly Dividend

Key Points

• Parker-Hannifin Corporation announced a quarterly dividend of $1.80 per share, which will be paid on December 5th to stockholders of record as of November 7th.
• The company's dividend payout ratio stands at 24.8%, indicating that the dividend is well-covered by earnings, with expected earnings per share next year estimated at $29.29.
• Parker-Hannifin's stock is currently down 2.3%, with a recent market capitalization of $93.69 billion and a price-to-earnings ratio of 27.30.

Parker-Hannifin Corporation (NYSE:PH - Get Free Report) announced a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Friday, November 7th will be paid a dividend of 1.80 per share by the industrial products company on Friday, December 5th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, November 7th.

Parker-Hannifin has a dividend payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Parker-Hannifin to earn $29.29 per share next year, which means the company should continue to be able to cover its $7.20 annual dividend with an expected future payout ratio of 24.6%.

Parker-Hannifin Stock Down 2.3%

Shares of PH opened at $740.43 on Thursday. The business's 50 day simple moving average is $750.38 and its 200-day simple moving average is $692.83. Parker-Hannifin has a 1 year low of $488.45 and a 1 year high of $779.77. The stock has a market capitalization of $93.69 billion, a price-to-earnings ratio of 27.30, a price-to-earnings-growth ratio of 3.13 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter in the prior year, the firm posted $6.77 EPS. Parker-Hannifin's quarterly revenue was up 1.1% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, equities analysts expect that Parker-Hannifin will post 26.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PH has been the topic of several recent research reports. KeyCorp increased their price target on Parker-Hannifin from $810.00 to $825.00 and gave the company an "overweight" rating in a report on Tuesday, October 14th. Mizuho increased their price target on Parker-Hannifin from $800.00 to $825.00 and gave the company an "outperform" rating in a report on Friday, October 17th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Parker-Hannifin in a research report on Wednesday, October 8th. Stifel Nicolaus cut their price objective on Parker-Hannifin from $726.00 to $723.00 and set a "hold" rating on the stock in a research report on Monday. Finally, Cowen reaffirmed a "hold" rating on shares of Parker-Hannifin in a research report on Friday, August 29th. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Parker-Hannifin presently has an average rating of "Moderate Buy" and an average target price of $789.67.

About Parker-Hannifin

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.

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