S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Bangladesh seeks China help to repatriate Rohingya refugees
NYSE:PH

Parker-Hannifin - PH Stock Forecast, Price & News

$292.82
-0.65 (-0.22%)
(As of 08/5/2022 08:49 PM ET)
Add
Compare
Today's Range
$288.93
$293.84
50-Day Range
$236.37
$293.47
52-Week Range
$230.44
$340.00
Volume
618,200 shs
Average Volume
856,064 shs
Market Capitalization
$37.59 billion
P/E Ratio
29.05
Dividend Yield
1.82%
Price Target
$327.23

Parker-Hannifin MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.79 Rating Score
Upside/​Downside
11.8% Upside
$327.23 Price Target
Short Interest
Healthy
1.45% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.88
Upright™ Environmental Score
News Sentiment
0.24mentions of Parker-Hannifin in the last 14 days
Based on 26 Articles This Week
Insider Trading
Acquiring Shares
$273,440 Bought Last Quarter
Proj. Earnings Growth
-3.96%
From $18.68 to $17.94 Per Share

Overall MarketRank

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

2.46 out of 5 stars

Industrial Products Sector

51st out of 210 stocks

Miscellaneous Fabricated Metal Products Industry

3rd out of 9 stocks

PH stock logo

About Parker-Hannifin (NYSE:PH) Stock

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 Company's Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; 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. Its 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, pilot controls, pneumatic control components, thermal management products, and wheels and brakes, as well as fluid metering, delivery, and atomization devices. This segment markets its products directly to OEMs and end users. It markets its products through direct-sales employees, independent distributors, and sales representatives. The company was founded in 1917 and is headquartered in Cleveland, Ohio.

Parker-Hannifin Stock Performance

Shares of NYSE:PH traded down $0.65 during trading on Friday, reaching $292.82. The company had a trading volume of 618,232 shares, compared to its average volume of 839,742. The firm has a market capitalization of $37.59 billion, a price-to-earnings ratio of 29.05, a price-to-earnings-growth ratio of 1.75 and a beta of 1.57. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.06 and a quick ratio of 1.09. The stock's fifty day moving average price is $261.49 and its 200 day moving average price is $277.28. Parker-Hannifin has a fifty-two week low of $230.44 and a fifty-two week high of $340.00.

Parker-Hannifin (NYSE:PH - Get Rating) last released its earnings results on Thursday, August 4th. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.67 by $0.49. The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.07 billion. Parker-Hannifin had a return on equity of 27.81% and a net margin of 8.29%. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.38 earnings per share. As a group, equities research analysts predict that Parker-Hannifin will post 18.68 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on PH shares. StockNews.com downgraded Parker-Hannifin from a "buy" rating to a "hold" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered their price target on Parker-Hannifin from $336.00 to $274.00 and set a "hold" rating for the company in a report on Wednesday, July 13th. Credit Suisse Group set a $330.00 price target on Parker-Hannifin in a report on Tuesday, July 19th. Barclays lowered their price target on Parker-Hannifin from $335.00 to $329.00 and set an "overweight" rating for the company in a report on Friday, July 8th. Finally, Mizuho raised their target price on Parker-Hannifin from $245.00 to $300.00 and gave the company a "neutral" rating in a report on Friday. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Parker-Hannifin currently has a consensus rating of "Moderate Buy" and an average target price of $327.23.

Insider Activity at Parker-Hannifin

In other news, Director James L. Wainscott bought 1,000 shares of the firm's stock in a transaction on Monday, May 9th. The shares were bought at an average cost of $273.44 per share, for a total transaction of $273,440.00. Following the completion of the transaction, the director now owns 18,280 shares in the company, valued at $4,998,483.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.47% of the company's stock.

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PH Stock News Headlines

Parker-Hannifin (NYSE:PH) Lowered to C+ at TheStreet
Parker-Hannifin (NYSE:PH) Price Target Raised to $300.00
Meggitt 1H EPS 0.2p - MarketWatch
See More Headlines
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PH Company Calendar

Ex-Dividend for 6/3 Dividend
5/12/2022
Dividend Payable
6/03/2022
Last Earnings
8/04/2022
Today
8/07/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Miscellaneous fabricated metal products
Sub-Industry
Industrial Machinery
CUSIP
70109410
Employees
54,640
Year Founded
1917

Price Target and Rating

Average Stock Price Forecast
$327.23
High Stock Price Forecast
$440.00
Low Stock Price Forecast
$274.00
Forecasted Upside/Downside
+11.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
14 Analysts

Profitability

Net Income
$1.32 billion
Pretax Margin
10.18%

Debt

Sales & Book Value

Annual Sales
$15.86 billion
Cash Flow
$23.46 per share
Book Value
$69.02 per share

Miscellaneous

Free Float
126,703,000
Market Cap
$37.59 billion
Optionable
Optionable
Beta
1.57

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PH Stock - Frequently Asked Questions

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

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parker-Hannifin in the last year. There are currently 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Parker-Hannifin stock.
View analyst ratings for Parker-Hannifin
or view top-rated stocks.

What is Parker-Hannifin's stock price forecast for 2022?

14 brokerages have issued 1 year target prices for Parker-Hannifin's shares. Their PH stock forecasts range from $274.00 to $440.00. On average, they predict Parker-Hannifin's share price to reach $327.23 in the next year. This suggests a possible upside of 11.8% from the stock's current price.
View analysts' price targets for Parker-Hannifin
or view top-rated stocks among Wall Street analysts.

How has Parker-Hannifin's stock performed in 2022?

Parker-Hannifin's stock was trading at $318.12 at the start of the year. Since then, PH stock has decreased by 8.0% and is now trading at $292.82.
View the best growth stocks for 2022 here
.

Are investors shorting Parker-Hannifin?

Parker-Hannifin saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,750,000 shares, an increase of 28.7% from the June 15th total of 1,360,000 shares. Based on an average daily trading volume, of 723,800 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.4% of the company's stock are short sold.
View Parker-Hannifin's Short Interest
.

When is Parker-Hannifin's next earnings date?

Parker-Hannifin is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our earnings forecast for Parker-Hannifin
.

How were Parker-Hannifin's earnings last quarter?

Parker-Hannifin Co. (NYSE:PH) announced its quarterly earnings results on Thursday, August, 4th. The industrial products company reported $5.16 EPS for the quarter, topping analysts' consensus estimates of $4.67 by $0.49. The industrial products company earned $4.19 billion during the quarter, compared to the consensus estimate of $4.07 billion. Parker-Hannifin had a trailing twelve-month return on equity of 27.81% and a net margin of 8.29%. Parker-Hannifin's revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.38 EPS.
Read Parker-Hannifin's 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, April 28th. Shareholders of record on Friday, May 13th will be paid a dividend of $1.33 per share on Friday, June 3rd. This represents a $5.32 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Thursday, May 12th. This is a positive change from Parker-Hannifin's previous quarterly dividend of $1.03.
View Parker-Hannifin's dividend history
.

Is Parker-Hannifin a good dividend stock?

Parker-Hannifin(NYSE:PH) pays an annual dividend of $5.32 per share and currently has a dividend yield of 1.82%. Parker-Hannifin has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Parker-Hannifin is 52.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Parker-Hannifin will have a dividend payout ratio of 29.65% next year. This indicates that Parker-Hannifin will be able to sustain or increase its dividend.
View Parker-Hannifin's dividend history.

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

Parker-Hannifin updated its FY23 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $18.10-$18.90 for the period, compared to the consensus earnings per share estimate of $18.60.

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

442 employees have rated Parker-Hannifin CEO Tom Williams on Glassdoor.com. Tom Williams has an approval rating of 76% among Parker-Hannifin'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).

What is Parker-Hannifin's stock symbol?

Parker-Hannifin trades on the New York Stock Exchange (NYSE) under the ticker symbol "PH."

Who are Parker-Hannifin's major shareholders?

Parker-Hannifin's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (1.05%), Maj Invest Holding A S (0.93%), Sumitomo Mitsui Trust Holdings Inc. (0.66%), DekaBank Deutsche Girozentrale (0.51%), Lazard Freres Gestion S.A.S. (0.26%) and Assenagon Asset Management S.A. (0.25%). Company insiders that own Parker-Hannifin stock include Ake Svensson, Andrew D Ross, Andrew M Weeks, Andrew M Weeks, Candy M Obourn, Catherine A Suever, Catherine A Suever, Erwan Faiveley, James L Wainscott, Jennifer A Parmentier, Joseph R Leonti, Joseph Scaminace, Lee C Banks, Linda S Harty, Linda S Harty, Mark J Hart, Mark T Czaja, Martin C Maxwell, Robert W Malone, Roger S Sherrard, Thomas L Williams and William R Bowman.
View institutional ownership trends for Parker-Hannifin
.

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.

What is Parker-Hannifin's stock price today?

One share of PH stock can currently be purchased for approximately $292.82.

How much money does Parker-Hannifin make?

Parker-Hannifin (NYSE:PH) has a market capitalization of $37.59 billion and generates $15.86 billion in revenue each year. The industrial products company earns $1.75 billion in net income (profit) each year or $10.08 on an earnings per share basis.

How many employees does Parker-Hannifin have?

Parker-Hannifin employs 54,640 workers across the globe.

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, Altair Filter Technology Inc., Atenas, Atlantic Tubing, BHA Altair LLC, Baldwin Filters (Aust) Pty Ltd, Baldwin Filters Inc., Bayside Controls, Byron Valve, CBL Systems, CLARCOR Inc., CLARCOR International Investments C.V., CLARCOR Total Filtration Inc., Cabett Subsea, Clarcor Air Filtration Products Inc., Clarcor Filtration (China) Co Ltd, Clarcor International Investments LLC, Clark Filter Inc., Commercial Intertech, Commercial Intertech Holdings Limited, Denison International, Domnick Hunter Fabrication Limited, Domnick Hunter Group, Domnick Hunter Group Limited, EMFCO Holdings Incorporated, Exotic Metals, 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 Corporation, Legris, Markwel Hose Industries, Micro Thermo Technologies, Mitos Technologies, Olaer Group, Olaer Group Limited, Origa Group, PECOFacet (Asia Pacific) Sdn. Bhd., PECOFacet (Canada) ULC, PECOFacet (Holland) B.V., PG Square LLC, PGI International, Page International, Parker Canada Holding Co., Parker Hannifin (Australia) Pty. Limited, Parker Hannifin (Barbados) SRL, Parker Hannifin (Bermuda) Ltd., 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 (Luxembourg) S.a.r.l., 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 B.V., Parker Hannifin Bermuda Luxembourg S.C.S., Parker Hannifin CFA LLC, Parker Hannifin Canada, Parker Hannifin Cartera Industrial S.L., Parker Hannifin Cartera Industrial S.L. Bilboa (Espagne) succursale de Carouge, Parker Hannifin Connectors Ltd., Parker Hannifin EMEA S.a.r.l., Parker Hannifin España S.L., Parker Hannifin Europe S.à r.l., Parker Hannifin Filtration (Houston) LLC, Parker Hannifin Filtration (US) Inc., Parker Hannifin Fluid Power Systems & Components (Shanghai) Co. Ltd., Parker Hannifin France Finance SAS, Parker Hannifin France Holding SAS, Parker Hannifin France SAS, Parker Hannifin Ges.m.b.H., Parker Hannifin Global Capital Management S.a.r.l., Parker Hannifin GmbH, Parker Hannifin Holding EMEA S.a.r.l., Parker Hannifin Holding GmbH, Parker Hannifin Hong Kong Ltd., Parker Hannifin Hydraulics (Shanghai) Co. Ltd., Parker Hannifin Hydraulics (Tianjin) Co. Ltd, Parker Hannifin India Private Ltd., Parker Hannifin Industrial (M) Sdn Bhd, Parker Hannifin Industrial s.r.o., Parker Hannifin Industries Limited, Parker Hannifin Industries and Assets Holding S.L., Parker Hannifin Indústria e Comércio Ltda., Parker Hannifin Italy S.R.L., Parker Hannifin Japan Holdings GK, Parker Hannifin Japan Ltd., Parker Hannifin Limited, Parker Hannifin Lux FinCo S.a.r.l., Parker Hannifin Lux Finco S.à.r.l. FZ LLC - UAE Branch, 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 (Ireland) Limited, Parker Hannifin Manufacturing (UK) Limited, Parker Hannifin Manufacturing Finland Oy, Parker Hannifin Manufacturing France SAS, Parker Hannifin Manufacturing Germany GmbH & Co. KG, Parker Hannifin Manufacturing Holding Belgium SPRL, Parker Hannifin Manufacturing Holding Czech Republic s.r.o., Parker Hannifin Manufacturing Holding Denmark ApS, Parker Hannifin Manufacturing Holding Italy srl, Parker Hannifin Manufacturing Limited, Parker Hannifin Manufacturing Netherlands (Process Filtration) B.V., Parker Hannifin Manufacturing Sweden AB, Parker Hannifin Manufacturing Switzerland SA, Parker Hannifin Manufacturing srl, Parker Hannifin Motion & Control (Shanghai) Co. Ltd., Parker Hannifin Motion & Control (Wuxi) Company Ltd, Parker Hannifin Netherlands Holdings 2 B.V., Parker Hannifin Netherlands Holdings 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 VAS Netherlands B.V., Parker Hannifin de Mexico S.A. de C.V., Parker Hareket ve Kontrol Sistemleri Tic. Ltd. Şti., Parker Industrial S. de R.L. de C.V., Parker Intangibles LLC, Parker International Capital Management Hungary Limited Liability Company, Parker Italy (PH Espana Holding) LLC, Parker Italy Holding LLC, Parker Korea Ltd., Parker Olaer Holdings LLC, Parker Ontario Holding Inc., Parker Royalty Partnership, Parker Seal de Mexico, Parker-Hannifin International Corp., Perry Holdings de Mexico S. de R.L. de C.V., Phyre Technologies, Polyflex Schwarz Group, Porter Instrument Company, Power Components of Midwest, PpTek, President Engineering Group, Purolator Facet Inc., Rayco (Wuxi) Technologies Co. Ltd., 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., TransWeb LLC., Trilogy Systems, Twin Filter B.V., United Air Specialists Inc., VOAC Hydraulics, Vansco Electronics, Velcon Filters, Veriflo, Webb Enterprises, Winco Enterprises Inc., and Wynn's International.
Read More

When was Parker-Hannifin founded?

Parker-Hannifin was founded in 1917.

How can I contact Parker-Hannifin?

Parker-Hannifin's mailing address is 6035 PARKLAND BOULEVARD, CLEVELAND OH, 44124. The official website for Parker-Hannifin is www.parker.com. The industrial products company can be reached via phone at (216) 896-3000 or via fax at 216-896-4000.

This page (NYSE:PH) was last updated on 8/8/2022 by MarketBeat.com Staff

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