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S&P 500   5,088.80
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How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Better Than Oil Stocks (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
Better Than Oil Stocks (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
How to profit from the new boom in gold (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
What recession? Professional forecasters raise expectations for US economy in 2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Better Than Oil Stocks (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
Better Than Oil Stocks (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
How to profit from the new boom in gold (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
What recession? Professional forecasters raise expectations for US economy in 2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Better Than Oil Stocks (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
Better Than Oil Stocks (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
How to profit from the new boom in gold (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
What recession? Professional forecasters raise expectations for US economy in 2024
NYSE:PH

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

$531.07
+1.07 (+0.20%)
(As of 02/23/2024 ET)
Today's Range
$526.64
$534.10
50-Day Range
$449.42
$531.07
52-Week Range
$300.86
$535.55
Volume
547,876 shs
Average Volume
727,189 shs
Market Capitalization
$68.19 billion
P/E Ratio
26.29
Dividend Yield
1.11%
Price Target
$491.64

Parker-Hannifin MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
7.4% Downside
$491.64 Price Target
Short Interest
Healthy
0.68% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.88
Upright™ Environmental Score
News Sentiment
0.97mentions of Parker-Hannifin in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$6.10 M Sold Last Quarter
Proj. Earnings Growth
6.63%
From $24.15 to $25.75 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.67 out of 5 stars

Industrial Products Sector

18th out of 170 stocks

Miscellaneous Fabricated Metal Products Industry

1st out of 6 stocks


PH stock logo

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

PH Stock News Headlines

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PH Mar 2024 490.000 call
PH Mar 2024 460.000 call
PH Mar 2024 320.000 put
Parker Hannifin Corp's Dividend Analysis
Parker-Hannifin: Takeoff Has Already Begun
What Analysts Are Saying About Parker Hannifin Stock
See More Headlines
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Company Calendar

Ex-Dividend for 12/1 Dividend
11/10/2023
Dividend Payable
12/01/2023
Last Earnings
2/01/2024
Ex-Dividend for 3/1 Dividend
2/08/2024
Today
2/25/2024
Dividend Payable
3/01/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Miscellaneous fabricated metal products
Sub-Industry
Industrial Machinery
CUSIP
70109410
Employees
62,730
Year Founded
1917

Price Target and Rating

Average Stock Price Target
$491.64
High Stock Price Target
$590.00
Low Stock Price Target
$405.00
Potential Upside/Downside
-7.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
13 Analysts

Profitability

Net Income
$2.08 billion
Pretax Margin
16.89%

Debt

Sales & Book Value

Annual Sales
$19.07 billion
Cash Flow
$28.16 per share
Book Value
$88.10 per share

Miscellaneous

Free Float
127,088,000
Market Cap
$68.19 billion
Optionable
Optionable
Beta
1.50

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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 Thursday, February 22, 2024 at 8:46 PM.

Pros

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

  • Parker-Hannifin Corporation manufactures and sells motion and control technologies for various markets, providing a diverse revenue stream.
  • The company has a long history, founded in 1917, indicating stability and experience in the industry.
  • Parker-Hannifin Co. has a strong network of employees, distributors, and sales representatives, enhancing its market presence.
  • The recent developments in the company's products and technologies showcase innovation and adaptability to market demands.
  • Investors may find the current stock price of Parker-Hannifin Co. attractive for potential growth opportunities.

Cons

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

  • While the company has a long history, it may face challenges in keeping up with rapidly changing technologies and market trends.
  • Market competition in the motion and control technologies sector could impact Parker-Hannifin Co.'s market share and profitability.
  • Fluctuations in raw material prices or supply chain disruptions could affect the company's production costs and margins.
  • Global economic conditions and geopolitical factors may influence the demand for Parker-Hannifin Co.'s products in different regions.
  • Investors should carefully consider the overall market conditions and industry outlook before making investment decisions related to Parker-Hannifin Co.














PH Stock Analysis - Frequently Asked Questions

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

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Parker-Hannifin in the last twelve months. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities 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?

13 Wall Street research analysts have issued 1-year price targets for Parker-Hannifin's shares. Their PH share price targets range from $405.00 to $590.00. On average, they anticipate the company's stock price to reach $491.64 in the next year. This suggests that the stock has a possible downside of 7.4%.
View analysts price targets for PH
or view top-rated stocks among Wall Street analysts.

How have PH shares performed in 2024?

Parker-Hannifin's stock was trading at $460.70 at the beginning of 2024. Since then, PH stock has increased by 15.3% and is now trading at $531.07.
View the best growth stocks for 2024 here
.

Are investors shorting Parker-Hannifin?

Parker-Hannifin saw a drop in short interest in January. As of January 31st, there was short interest totaling 866,200 shares, a drop of 13.4% from the January 15th total of 1,000,000 shares. Based on an average trading volume of 607,600 shares, the short-interest ratio is currently 1.4 days. Currently, 0.7% of the shares of the company are sold short.
View Parker-Hannifin's Short Interest
.

When is Parker-Hannifin's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our PH earnings forecast
.

How were Parker-Hannifin's earnings last quarter?

Parker-Hannifin Co. (NYSE:PH) issued its quarterly earnings results on Thursday, February, 1st. The industrial products company reported $6.15 earnings per share for the quarter, topping the consensus estimate of $5.26 by $0.89. The industrial products company earned $4.82 billion during the quarter, compared to analyst estimates of $4.82 billion. Parker-Hannifin had a net margin of 13.28% and a trailing twelve-month return on equity of 29.91%. Parker-Hannifin's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.76 EPS.
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 Thursday, January 25th. Stockholders of record on Friday, February 9th will be given a dividend of $1.48 per share on Friday, March 1st. This represents a $5.92 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, February 8th.
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 1.11%. The company has been increasing its dividend for 68 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PH will have a dividend payout ratio of 22.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PH.

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

Parker-Hannifin issued an update on its FY 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share (EPS) guidance of 23.900-24.500 for the period, compared to the consensus earnings per share estimate of 23.300. The company issued revenue guidance of $19.6 billion-$20.0 billion, compared to the consensus revenue estimate of $19.9 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 shareholders include Vanguard Group Inc. (8.15%), Charles Schwab Investment Management Inc. (1.29%), Nuveen Asset Management LLC (1.16%), Norges Bank (1.12%), Northern Trust Corp (0.99%) and DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main (0.98%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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
This page (NYSE:PH) was last updated on 2/25/2024 by MarketBeat.com Staff