Should I buy or sell Parker-Hannifin stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Parker-Hannifin in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PH shares. View PH analyst ratings or view top-rated stocks .

What is Parker-Hannifin's stock price target for 2024?

12 brokerages have issued twelve-month price objectives for Parker-Hannifin's stock. Their PH share price targets range from $405.00 to $506.00. On average, they anticipate the company's stock price to reach $450.71 in the next twelve months. This suggests a possible upside of 2.4% from the stock's current price. View analysts price targets for PH or view top-rated stocks among Wall Street analysts .

How have PH shares performed in 2023?

Parker-Hannifin's stock was trading at $291.00 at the beginning of the year. Since then, PH shares have increased by 51.3% and is now trading at $440.16. View the best growth stocks for 2023 here .

When is Parker-Hannifin's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024. View our PH earnings forecast .

How were Parker-Hannifin's earnings last quarter?

Parker-Hannifin Co. (NYSE:PH) released its earnings results on Thursday, November, 2nd. The industrial products company reported $5.96 EPS for the quarter, beating analysts' consensus estimates of $5.33 by $0.63. The industrial products company earned $4.85 billion during the quarter, compared to the consensus estimate of $4.88 billion. Parker-Hannifin had a trailing twelve-month return on equity of 29.56% and a net margin of 11.92%. Parker-Hannifin's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the business earned $4.74 earnings per share. Read the conference call transcript .

How often does Parker-Hannifin pay dividends? What is the dividend yield for Parker-Hannifin?

Parker-Hannifin announced a quarterly dividend on Wednesday, October 25th. Investors of record on Monday, November 13th will be paid a dividend of $1.48 per share on Friday, December 1st. This represents a $5.92 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, November 10th. Read our dividend analysis for PH .

Is Parker-Hannifin a good dividend stock?

Parker-Hannifin (NYSE:PH) pays an annual dividend of $5.92 per share and currently has a dividend yield of 1.38%. The company has been increasing its dividend for 67 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 32.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PH will have a dividend payout ratio of 23.39% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for PH .

What ETFs hold Parker-Hannifin's stock?

ETFs with the largest weight of Parker-Hannifin (NYSE:PH) stock in their portfolio include IQ Winslow Focused Large Cap Growth ETF (IWFG) , Profound Medical (PRN) , Global X U.S. Infrastructure Development ETF (PAVE) , Burney U.S. Factor Rotation ETF (BRNY) , Invesco Aerospace & Defense ETF (PPA) , Tema American Reshoring ETF (RSHO) , Mohr Growth ETF (MOHR) and SEI Enhanced U.S. Large Cap Momentum Factor ETF (SEIM) .

What guidance has Parker-Hannifin issued on next quarter's earnings?

Parker-Hannifin issued an update on its FY24 earnings guidance on Thursday, November, 2nd. The company provided EPS guidance of $22.60-23.40 for the period, compared to the consensus EPS estimate of $22.61. The company issued revenue guidance of $19.54-20.11 billion, compared to the consensus revenue estimate of $19.93 billion.

What is Tom Williams' approval rating as Parker-Hannifin's CEO?

442 employees have rated Parker-Hannifin Chief Executive Officer Tom Williams on Glassdoor.com . Tom Williams has an approval rating of 76% among the company's employees.

What other stocks do shareholders of Parker-Hannifin own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Parker-Hannifin investors own include Johnson & Johnson (JNJ) , AT&T (T) , NVIDIA (NVDA) , Verizon Communications (VZ) , Intel (INTC) , Micron Technology (MU) , Cisco Systems (CSCO) , QUALCOMM (QCOM) , CVS Health (CVS) and Home Depot (HD) .

Who are Parker-Hannifin's major shareholders?

Parker-Hannifin's stock is owned by a number of retail and institutional investors. Top institutional investors include Aristotle Capital Management LLC (2.90%), FMR LLC (2.87%), Ameriprise Financial Inc. (2.86%), JPMorgan Chase & Co. (2.27%), Invesco Ltd. (2.27%) and Morgan Stanley (1.51%). Insiders that own company stock include Andrew D Ross , Andrew M Weeks, Andrew M Weeks , Berend Bracht , Erwan Faiveley, James L Wainscott , Joseph Scaminace , Lee C Banks , Linda S Harty, Linda S Harty , Mark J Hart , Mark T Czaja, Mark T Czaja , Robert W Malone , Roger S Sherrard , Thomas C Gentile , Thomas L Williams , Todd M Leombruno and William R Bowman . View institutional ownership trends .

How do I buy shares of Parker-Hannifin?

Shares of PH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Does Parker-Hannifin have any subsidiaries?

The following companies are subsidiares of Parker-Hannifin: Acadia Elastomers Corporation, Acofab, Advanced Products Company, AirTek, Alenco (Holdings) Limited, Altair (UK) Limited, Atenas, Atlantic Tubing, Bayside Controls, Byron Valve, CBL Systems, CLARCOR Inc., Cabett Subsea, Commercial Intertech, Denison International, Domnick Hunter Group, Domnick Hunter Group Limited, EMFCO Holdings Incorporated, Exotic Metals, Exotic Metals Forming Company LLC, Extrudit, Filtran Aftermarket Products, Finn-Filter Oy, General Valve Corporation, HDA Acessorios e Equipamentos, HTR Holding, Hanil Hydraulics, Hargraves Technology, Haser Elektronik, Helac Corp., Herl Company, Hydraulik-Ring, Hydroflex, Ingenieria y Servicios Metalcrom, Jaeger Automobil-Technik GmbH & Co KG, Kay Pneumatics, Kenmore International, Kittiwake Developments Limited, Kuroda Pneumatics, LORD (Thailand) Ltd., LORD Asia International Limited, LORD Chemical (Shanghai) Co. Ltd., LORD Corporation, LORD Corporation, LORD Europe B.V., LORD Germany GmbH, LORD India Private Limited, LORD International Trading (Shanghai) Co. Ltd., LORD Italia S.r.l., LORD Japan Inc., LORD Suisse Sarl, LORD Technol Inc., Legris, Lord Holdings (Asia) B.V., Markwel Hose Industries, Micro Thermo Technologies, Mitos Technologies, Olaer Group, Olaer Group Limited, Origa Group, PGI International, Page International, Parker Hannifin (Barbados) SRL, Parker Hannifin (Bermuda) Ltd., Parker Hannifin (Clarcor Filtration) Holding B.V., Parker Hannifin (GB) Limited, Parker Hannifin (Gibraltar) Acquisitions Limited, Parker Hannifin (Gibraltar) Holding Limited, Parker Hannifin (Gibraltar) Properties Limited, Parker Hannifin (Holdings) Limited, Parker Hannifin (Norway) Holdings AS, Parker Hannifin 2007 LLP, Parker Hannifin ACD Europe LLC, Parker Hannifin Aktiebolag, Parker Hannifin Australia Assets Pty Limited, Parker Hannifin Australia Holding Pty Limited, Parker Hannifin Bermuda Luxembourg S.C.S., Parker Hannifin CFA LLC, Parker Hannifin EMEA S.a. r.l., Parker Hannifin Filtration Systems Sdn.Bhd., Parker Hannifin France Holding SAS, Parker Hannifin France SAS, Parker Hannifin Holding EMEA S.a.r.l., Parker Hannifin Holding GmbH, Parker Hannifin Holding S. de R.L. de C.V., Parker Hannifin Hydraulics (Shanghai) Co. Ltd., Parker Hannifin Industries Limited, Parker Hannifin Italy S.R.L., Parker Hannifin Japan Holdings GK, Parker Hannifin Lux FinCo S.a.r.l., Parker Hannifin Luxembourg Acquisitions S.a.r.l., Parker Hannifin Luxembourg Finance S.à r.l., Parker Hannifin Luxembourg Investments 1 S.a.r.l., Parker Hannifin Manufacturing (UK) Limited, Parker Hannifin Manufacturing Holding Italy srl, Parker Hannifin Netherlands Holdings 2 B.V., Parker Hannifin Partner I GP, Parker Hannifin Partner II GP, Parker Hannifin Partnership S.C.S., Parker Hannifin Singapore Private Limited, Parker Hannifin Sweden Holding Co AB, Parker Intangibles LLC, Parker International Capital Management Hungary Limited Liability Company, Parker Italy Holding LLC, Parker Meggitt, Parker Olaer Holdings LLC, Parker Royalty Partnership, Parker Seal de Mexico, Parker-Hannifin International Corp., Parker-Seahawk Acquisitions LLC, Phyre Technologies, Polyflex Schwarz Group, Porter Instrument Company, Power Components of Midwest, PpTek, President Engineering Group, Purolator Facet Inc., Rayco Technologies, Rectus, S.B.C. Elettronica, SAES-Parker UHP Components, SSD Drives Inc, SSD Drives India, SSD Drives Limited, SSD Korea, Scan Subsea, SciLog, Sea Recovery, Shaw Aero Devices, Silver Cloud Manufacturing, Snap-tite Inc, Sporlan Valve, SprayCool, Sterling Hydraulics, Symetrics, T Squared Manufacturing, TAIYO Ltd, Taiyo Ltd., TexLoc, Texas Thermowell, Titan Industries, Total Filtration Services Inc., Trilogy Systems, VOAC Hydraulics, Vansco Electronics, Velcon Filters, Veriflo, Webb Enterprises, Weifang Parker Hannifin Filtration Products and Systems Co. Ltd., and Wynn's International. Read More

Parker-Hannifin Stock Price, News & Analysis (NYSE:PH)

$440.16

+6.98 (+1.61%)

(As of 12/1/2023 ET)

Compare

Today's Range: $433.11
▼
$441.09
50-Day Range: $366.24
▼
$440.22
52-Week Range: $281.19
▼
$441.09

Volume: 578,698 shs
Average Volume: 582,266 shs
Market Capitalization: $56.55 billion

P/E Ratio: 24.44
Dividend Yield: 1.34%
Price Target: $450.71

Parker-Hannifin MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 2.4% Upside
$450.71 Price Target
Short Interest: Healthy
0.72% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.88
Upright™ Environmental Score
News Sentiment: 1.50
Based on 4 Articles This Week
Insider Trading: Selling Shares
$680,451 Sold Last Quarter
Proj. Earnings Growth: 9.19%
From $23.18 to $25.31 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Industrial Products Sector

51st out of 174 stocks

Miscellaneous Fabricated Metal Products Industry

3rd out of 6 stocks

1.4

Analyst's Opinion

Consensus Rating
Parker-Hannifin has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 9 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $450.71, Parker-Hannifin has a forecasted upside of 2.4% from its current price of $440.16.
Amount of Analyst Coverage
Parker-Hannifin has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.72% of the float of Parker-Hannifin has been sold short.
Short Interest Ratio / Days to Cover
Parker-Hannifin has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Parker-Hannifin has recently decreased by 12.90%, indicating that investor sentiment is improving significantly.

4.2

Dividend Strength

Dividend Yield
Parker-Hannifin pays a meaningful dividend of 1.38%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Parker-Hannifin has been increasing its dividend for 67 years.
Dividend Coverage
The dividend payout ratio of Parker-Hannifin is 32.87%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Parker-Hannifin will have a dividend payout ratio of 23.39% next year. This indicates that Parker-Hannifin will be able to sustain or increase its dividend.

1.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Parker-Hannifin has received a -26.27% net impact score from Upright. The largest negative impact of Parker Hannifin in category "GHG emissions" seems to be driven mostly by its "Hydraulic accumulators", "Hydraulic actuators", "Airplane fueling systems", "Car steering systems", "Industrial separators", and "Rotary gearheads" products. See details.
Environmental Sustainability
The Environmental Impact score for Parker-Hannifin is -2.88.

3.1

News and Social Media Coverage

News Sentiment
Parker-Hannifin has a news sentiment score of 1.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Parker-Hannifin this week, compared to 6 articles on an average week.
Search Interest
Only 14 people have searched for PH on MarketBeat in the last 30 days. This is a decrease of -46% compared to the previous 30 days.
MarketBeat Follows
12 people have added Parker-Hannifin to their MarketBeat watchlist in the last 30 days. This is an increase of 140% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Parker-Hannifin insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $680,451.00 in company stock.
Percentage Held by Insiders
Only 1.03% of the stock of Parker-Hannifin is held by insiders.
Percentage Held by Institutions
82.25% of the stock of Parker-Hannifin is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Parker-Hannifin are expected to grow by 9.19% in the coming year, from $23.18 to $25.31 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Parker-Hannifin is 24.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.73.
Price to Earnings Ratio vs. Sector
The P/E ratio of Parker-Hannifin is 24.44, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.99.
Price to Earnings Growth Ratio
Parker-Hannifin has a PEG Ratio of 1.59. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Parker-Hannifin has a P/B Ratio of 5.35. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Parker-Hannifin Stock (NYSE:PH)

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. This segment sells its products to original equipment manufacturers (OEMs) and distributors who serve the replacement markets in manufacturing, packaging, processing, transportation, construction, refrigeration and air conditioning, agricultural, and military machinery and equipment industries. The Aerospace Systems segment offers products for use in commercial and military airframe and engine programs, such as control actuation systems and components, engine build-up ducting, engine exhaust nozzles and assemblies, engine systems and components, fluid conveyance systems and components, fuel systems and components, fuel tank inerting systems, hydraulic systems and components, lubrication components, avionics, sensors, pneumatic control components, thermal management products, fire detection and suppression systems and components, and wheels and brakes, as well as fluid metering, delivery, and atomization devices. This segment markets its products directly to OEMs and end users. The company markets its products through direct-sales employees, independent distributors, and sales representatives. Parker-Hannifin Corporation was founded in 1917 and is headquartered in Cleveland, Ohio.

PH Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PH Stock News Headlines

November 19, 2023 | finance.yahoo.com

An Intrinsic Calculation For Parker-Hannifin Corporation (NYSE:PH) Suggests It's 24% Undervalued

November 13, 2023 | finance.yahoo.com

PH Feb 2024 400.000 call

December 3, 2023 | DTI Trader (Ad)

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November 13, 2023 | finance.yahoo.com

What Makes Parker-Hannifin (PH) a New Buy Stock

November 9, 2023 | za.investing.com

Parker-Hannifin 'increasingly becoming a core holding' - Deutsche Bank

November 9, 2023 | msn.com

Deutsche Bank Upgrades Parker-Hannifin (PH)

November 9, 2023 | finance.yahoo.com

Tesla initiated, Kellanova upgraded: Wall Street's top analyst calls

November 8, 2023 | finance.yahoo.com

The Parker Hannifin Corp (PH) Company: A Short SWOT Analysis

December 3, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 7, 2023 | finance.yahoo.com

Parker-Hannifin Corporation: Growth at a reasonable price

November 7, 2023 | finance.yahoo.com

Parker’s Fiscal Year 2023 Sustainability Report Highlights Progress in Protecting the Environment, Advancing Clean Technologies and Strengthening Communities

November 6, 2023 | markets.businessinsider.com

Analysts Offer Insights on Industrial Goods Companies: Parker Hannifin (PH) and Howmet Aerospace (HWM)

November 4, 2023 | finance.yahoo.com

Parker-Hannifin Corporation (NYSE:PH) Q1 2024 Earnings Call Transcript

November 3, 2023 | markets.businessinsider.com

Analysts Offer Insights on Industrial Goods Companies: Howmet Aerospace (HWM), Herc Holdings (HRI) and Parker Hannifin (PH)

November 3, 2023 | finance.yahoo.com

Parker Scheduled to Present at Robert W. Baird Global Industrial Conference on November 7 at 11:25 a.m. Central Time (12:25 p.m. Eastern Time)

November 3, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Industrial Goods Companies: Spirit AeroSystems (SPR), Bristow Group (VTOL) and Parker Hannifin (PH)

November 3, 2023 | finance.yahoo.com

Q1 2024 Parker-Hannifin Corp Earnings Call

November 3, 2023 | markets.businessinsider.com

Parker Hannifin Corp. Q1 Profit Increases, beats estimates

November 3, 2023 | seekingalpha.com

Parker-Hannifin’s stock jumps on revised profit outlook

November 2, 2023 | seekingalpha.com

Parker-Hannifin Corporation (PH) Q1 2024 Earnings Call Transcript

November 2, 2023 | msn.com

Parker Hannifin lifts profit view after aviation parts demand booms

November 2, 2023 | benzinga.com

Parker-Hannifin Delivers Robust Q1 FY24 Performance, Aerospace Segment Sales Soar

November 2, 2023 | finance.yahoo.com

Parker Hannifin Corp (PH) Reports 15% Sales Increase in Q1 Fiscal 2024

November 2, 2023 | finance.yahoo.com

Parker-Hannifin (PH) Q1 Earnings Beat, Revenues Up 14.5% Y/Y

November 2, 2023 | finance.yahoo.com

Parker-Hannifin (PH) Reports Q1 Earnings: What Key Metrics Have to Say

November 2, 2023 | finance.yahoo.com

Parker Reports Fiscal 2024 First Quarter Results

October 30, 2023 | benzinga.com

Here's How Much You Would Have Made Owning Parker Hannifin Stock In The Last 10 Years

See More Headlines

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Company Calendar

Ex-Dividend for 9/8 Dividend: 8/25/2023
Dividend Payable: 9/08/2023
Last Earnings: 11/02/2023
Ex-Dividend for 12/1 Dividend: 11/10/2023
Dividend Payable: 12/01/2023
Today: 12/02/2023
Next Earnings (Estimated): 2/01/2024
Fiscal Year End: 6/30/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Miscellaneous fabricated metal products
Sub-Industry: Industrial Machinery
Sector: Industrial Products
Current Symbol: NYSE:PH
CUSIP: 70109410
CIK: 76334
Web: www.parker.com
Phone: (216) 896-3000
Fax: 216-896-4000
Employees: 62,730
Year Founded: 1917

Price Target and Rating

Average Stock Price Target: $450.71
High Stock Price Target: $506.00
Low Stock Price Target: $405.00
Potential Upside/Downside: +2.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $18.01
Trailing P/E Ratio: 24.44
Forward P/E Ratio: 18.99
P/E Growth: 1.59
Net Income: $2.08 billion
Net Margins: 11.92%
Pretax Margin: 15.23%
Return on Equity: 29.56%
Return on Assets: 9.81%

Debt

Debt-to-Equity Ratio: 0.81
Current Ratio: 0.89
Quick Ratio: 0.50

Sales & Book Value

Annual Sales: $19.68 billion
Price / Sales: 2.87
Cash Flow: $28.62 per share
Price / Cash Flow: 15.38
Book Value: $82.31 per share
Price / Book: 5.35

Miscellaneous

Outstanding Shares: 128,476,000
Free Float: 127,153,000
Market Cap: $56.55 billion
Optionable: Optionable
Beta: 1.50

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Key Executives

Mr. Thomas L. Williams (Age 64)
Executive Chairman
Comp: $4.02M
Ms. Jennifer A. Parmentier (Age 56)
CEO & Director
Comp: $4.62M
Mr. Lee C. Banks (Age 60)
Vice Chairman & President
Comp: $4.46M
Mr. Todd M. Leombruno (Age 53)
Executive VP & CFO
Comp: $2.82M
Mr. Andrew D. Ross (Age 56)
Chief Operating Officer
Comp: $2.42M
Mr. Roger S. Sherrard (Age 57)
VP & President of the Aerospace Group
Comp: $2.14M
Ms. Robin J. Davenport (Age 61)
Vice President of Corporate Finance
Mr. Mark T. Czaja (Age 61)
Vice President of Chief Technology & Innovation Officer
Mr. Dinu J. Parel (Age 42)
Vice President of Chief Digital & Information Officer
Jeff Miller
Vice President of Investor Relations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy Parker-Hannifin Stock? PH Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Parker-Hannifin was last updated on Monday, November 27, 2023 at 10:23 AM.

Pros

Here are some ways that investors could benefit from investing in Parker-Hannifin Co.:

Parker-Hannifin Corporation operates in various markets worldwide, including mobile, industrial, and aerospace, providing diversification and potential growth opportunities.
The company offers a wide range of motion and control technologies and systems, including sealing, shielding, thermal products, adhesives, coatings, and noise vibration and harshness solutions. This diverse product portfolio allows Parker-Hannifin to cater to different customer needs and capture market share.
Parker-Hannifin Corporation serves both original equipment manufacturers (OEMs) and distributors, providing a broad customer base and potential for stable revenue streams.
The company's Aerospace Systems segment offers products for commercial and military airframe and engine programs, tapping into the growing aerospace industry.
Parker-Hannifin Corporation has a long history, being founded in 1917, indicating stability and experience in the industry.

Cons

Investors should be bearish about investing in Parker-Hannifin Co. for these reasons:

The recent stock price of Parker-Hannifin Co. should be considered, as it is an important factor in investment decisions. Please refer to the latest stock price for accurate information.
The industrial machinery industry, in which Parker-Hannifin operates, can be cyclical and sensitive to economic downturns. This may impact the company's financial performance and stock price.
Competition in the motion and control technologies market is intense, with many players vying for market share. Parker-Hannifin Co. needs to continuously innovate and differentiate itself to maintain a competitive edge.
Changes in regulations and policies, especially in the aerospace industry, can impact Parker-Hannifin's operations and profitability.
Investors should carefully analyze the company's financial statements, including revenue growth, profitability, and debt levels, to make informed investment decisions.

PH Stock Analysis - Frequently Asked Questions

Should I buy or sell Parker-Hannifin stock right now?: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Parker-Hannifin in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PH shares.
View PH analyst ratings or view top-rated stocks.
What is Parker-Hannifin's stock price target for 2024?: 12 brokerages have issued twelve-month price objectives for Parker-Hannifin's stock. Their PH share price targets range from $405.00 to $506.00. On average, they anticipate the company's stock price to reach $450.71 in the next twelve months. This suggests a possible upside of 2.4% from the stock's current price.
View analysts price targets for PH or view top-rated stocks among Wall Street analysts.
How have PH shares performed in 2023?: Parker-Hannifin's stock was trading at $291.00 at the beginning of the year. Since then, PH shares have increased by 51.3% and is now trading at $440.16.
View the best growth stocks for 2023 here.
When is Parker-Hannifin's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our PH earnings forecast.
How were Parker-Hannifin's earnings last quarter?: Parker-Hannifin Co. (NYSE:PH) released its earnings results on Thursday, November, 2nd. The industrial products company reported $5.96 EPS for the quarter, beating analysts' consensus estimates of $5.33 by $0.63. The industrial products company earned $4.85 billion during the quarter, compared to the consensus estimate of $4.88 billion. Parker-Hannifin had a trailing twelve-month return on equity of 29.56% and a net margin of 11.92%. Parker-Hannifin's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the business earned $4.74 earnings per share.
Read the conference call transcript.
How often does Parker-Hannifin pay dividends? What is the dividend yield for Parker-Hannifin?: Parker-Hannifin announced a quarterly dividend on Wednesday, October 25th. Investors of record on Monday, November 13th will be paid a dividend of $1.48 per share on Friday, December 1st. This represents a $5.92 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, November 10th.
Read our dividend analysis for PH.
Is Parker-Hannifin a good dividend stock?: Parker-Hannifin (NYSE:PH) pays an annual dividend of $5.92 per share and currently has a dividend yield of 1.38%. The company has been increasing its dividend for 67 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 32.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PH will have a dividend payout ratio of 23.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PH.
What ETFs hold Parker-Hannifin's stock?: ETFs with the largest weight of Parker-Hannifin (NYSE:PH) stock in their portfolio include IQ Winslow Focused Large Cap Growth ETF (IWFG), Profound Medical (PRN), Global X U.S. Infrastructure Development ETF (PAVE), Burney U.S. Factor Rotation ETF (BRNY), Invesco Aerospace & Defense ETF (PPA), Tema American Reshoring ETF (RSHO), Mohr Growth ETF (MOHR) and SEI Enhanced U.S. Large Cap Momentum Factor ETF (SEIM).

What guidance has Parker-Hannifin issued on next quarter's earnings?: Parker-Hannifin issued an update on its FY24 earnings guidance on Thursday, November, 2nd. The company provided EPS guidance of $22.60-23.40 for the period, compared to the consensus EPS estimate of $22.61. The company issued revenue guidance of $19.54-20.11 billion, compared to the consensus revenue estimate of $19.93 billion.
What is Tom Williams' approval rating as Parker-Hannifin's CEO?: 442 employees have rated Parker-Hannifin Chief Executive Officer Tom Williams on Glassdoor.com. Tom Williams has an approval rating of 76% among the company's employees.
What other stocks do shareholders of Parker-Hannifin own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Parker-Hannifin investors own include Johnson & Johnson (JNJ), AT&T (T), NVIDIA (NVDA), Verizon Communications (VZ), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), QUALCOMM (QCOM), CVS Health (CVS) and Home Depot (HD).
Who are Parker-Hannifin's major shareholders?: Parker-Hannifin's stock is owned by a number of retail and institutional investors. Top institutional investors include Aristotle Capital Management LLC (2.90%), FMR LLC (2.87%), Ameriprise Financial Inc. (2.86%), JPMorgan Chase & Co. (2.27%), Invesco Ltd. (2.27%) and Morgan Stanley (1.51%). Insiders that own company stock include Andrew D Ross, Andrew M Weeks, Andrew M Weeks, Berend Bracht, Erwan Faiveley, James L Wainscott, Joseph Scaminace, Lee C Banks, Linda S Harty, Linda S Harty, Mark J Hart, Mark T Czaja, Mark T Czaja, Robert W Malone, Roger S Sherrard, Thomas C Gentile, Thomas L Williams, Todd M Leombruno and William R Bowman.
View institutional ownership trends.
How do I buy shares of Parker-Hannifin?: Shares of PH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
Does Parker-Hannifin have any subsidiaries?: The following companies are subsidiares of Parker-Hannifin: Acadia Elastomers Corporation, Acofab, Advanced Products Company, AirTek, Alenco (Holdings) Limited, Altair (UK) Limited, Atenas, Atlantic Tubing, Bayside Controls, Byron Valve, CBL Systems, CLARCOR Inc., Cabett Subsea, Commercial Intertech, Denison International, Domnick Hunter Group, Domnick Hunter Group Limited, EMFCO Holdings Incorporated, Exotic Metals, Exotic Metals Forming Company LLC, Extrudit, Filtran Aftermarket Products, Finn-Filter Oy, General Valve Corporation, HDA Acessorios e Equipamentos, HTR Holding, Hanil Hydraulics, Hargraves Technology, Haser Elektronik, Helac Corp., Herl Company, Hydraulik-Ring, Hydroflex, Ingenieria y Servicios Metalcrom, Jaeger Automobil-Technik GmbH & Co KG, Kay Pneumatics, Kenmore International, Kittiwake Developments Limited, Kuroda Pneumatics, LORD (Thailand) Ltd., LORD Asia International Limited, LORD Chemical (Shanghai) Co. Ltd., LORD Corporation, LORD Corporation, LORD Europe B.V., LORD Germany GmbH, LORD India Private Limited, LORD International Trading (Shanghai) Co. Ltd., LORD Italia S.r.l., LORD Japan Inc., LORD Suisse Sarl, LORD Technol Inc., Legris, Lord Holdings (Asia) B.V., Markwel Hose Industries, Micro Thermo Technologies, Mitos Technologies, Olaer Group, Olaer Group Limited, Origa Group, PGI International, Page International, Parker Hannifin (Barbados) SRL, Parker Hannifin (Bermuda) Ltd., Parker Hannifin (Clarcor Filtration) Holding B.V., Parker Hannifin (GB) Limited, Parker Hannifin (Gibraltar) Acquisitions Limited, Parker Hannifin (Gibraltar) Holding Limited, Parker Hannifin (Gibraltar) Properties Limited, Parker Hannifin (Holdings) Limited, Parker Hannifin (Norway) Holdings AS, Parker Hannifin 2007 LLP, Parker Hannifin ACD Europe LLC, Parker Hannifin Aktiebolag, Parker Hannifin Australia Assets Pty Limited, Parker Hannifin Australia Holding Pty Limited, Parker Hannifin Bermuda Luxembourg S.C.S., Parker Hannifin CFA LLC, Parker Hannifin EMEA S.a. r.l., Parker Hannifin Filtration Systems Sdn.Bhd., Parker Hannifin France Holding SAS, Parker Hannifin France SAS, Parker Hannifin Holding EMEA S.a.r.l., Parker Hannifin Holding GmbH, Parker Hannifin Holding S. de R.L. de C.V., Parker Hannifin Hydraulics (Shanghai) Co. Ltd., Parker Hannifin Industries Limited, Parker Hannifin Italy S.R.L., Parker Hannifin Japan Holdings GK, Parker Hannifin Lux FinCo S.a.r.l., Parker Hannifin Luxembourg Acquisitions S.a.r.l., Parker Hannifin Luxembourg Finance S.à r.l., Parker Hannifin Luxembourg Investments 1 S.a.r.l., Parker Hannifin Manufacturing (UK) Limited, Parker Hannifin Manufacturing Holding Italy srl, Parker Hannifin Netherlands Holdings 2 B.V., Parker Hannifin Partner I GP, Parker Hannifin Partner II GP, Parker Hannifin Partnership S.C.S., Parker Hannifin Singapore Private Limited, Parker Hannifin Sweden Holding Co AB, Parker Intangibles LLC, Parker International Capital Management Hungary Limited Liability Company, Parker Italy Holding LLC, Parker Meggitt, Parker Olaer Holdings LLC, Parker Royalty Partnership, Parker Seal de Mexico, Parker-Hannifin International Corp., Parker-Seahawk Acquisitions LLC, Phyre Technologies, Polyflex Schwarz Group, Porter Instrument Company, Power Components of Midwest, PpTek, President Engineering Group, Purolator Facet Inc., Rayco Technologies, Rectus, S.B.C. Elettronica, SAES-Parker UHP Components, SSD Drives Inc, SSD Drives India, SSD Drives Limited, SSD Korea, Scan Subsea, SciLog, Sea Recovery, Shaw Aero Devices, Silver Cloud Manufacturing, Snap-tite Inc, Sporlan Valve, SprayCool, Sterling Hydraulics, Symetrics, T Squared Manufacturing, TAIYO Ltd, Taiyo Ltd., TexLoc, Texas Thermowell, Titan Industries, Total Filtration Services Inc., Trilogy Systems, VOAC Hydraulics, Vansco Electronics, Velcon Filters, Veriflo, Webb Enterprises, Weifang Parker Hannifin Filtration Products and Systems Co. Ltd., and Wynn's International.
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This page (NYSE:PH) was last updated on 12/3/2023 by MarketBeat.com Staff

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Parker-Hannifin Stock Price, News & Analysis (NYSE:PH)

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