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NYSE:PH

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

$383.89
-7.62 (-1.95%)
(As of 09/26/2023 ET)
Compare
Today's Range
$382.50
$390.84
50-Day Range
$381.69
$425.31
52-Week Range
$235.69
$428.16
Volume
563,615 shs
Average Volume
832,238 shs
Market Capitalization
$49.30 billion
P/E Ratio
23.99
Dividend Yield
1.54%
Price Target
$436.29

Parker-Hannifin MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
13.6% Upside
$436.29 Price Target
Short Interest
Healthy
0.87% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.88
Upright™ Environmental Score
News Sentiment
1.14mentions of Parker-Hannifin in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$5.39 M Sold Last Quarter
Proj. Earnings Growth
10.82%
From $22.65 to $25.10 Per Share

Overall MarketRank

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

2.86 out of 5 stars

Industrial Products Sector

27th out of 176 stocks

Miscellaneous Fabricated Metal Products Industry

1st out of 7 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 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 Price History

PH Stock News Headlines

U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Parker-Hannifin (NYSE:PH) Receives "Buy" Rating from Stifel Nicolaus
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Parker Hannifin Director Trades Company's Stock
Analyst Expectations for Parker Hannifin's Future
Wells Fargo Reaffirms Their Buy Rating on Parker Hannifin (PH)
Massive Insider Trade At Parker Hannifin
Robert W. Baird Sticks to Their Buy Rating for Parker Hannifin (PH)
See More Headlines
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PH Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 9/8 Dividend
8/25/2023
Dividend Payable
9/08/2023
Today
9/26/2023
Next Earnings (Estimated)
11/02/2023
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 Forecast
$436.29
High Stock Price Forecast
$470.00
Low Stock Price Forecast
$344.00
Forecasted Upside/Downside
+12.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$2.08 billion
Pretax Margin
14.06%

Debt

Sales & Book Value

Annual Sales
$19.07 billion
Cash Flow
$28.10 per share
Book Value
$80.51 per share

Miscellaneous

Free Float
126,671,000
Market Cap
$49.61 billion
Optionable
Optionable
Beta
1.52

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Key Executives

  • Mr. Thomas L. WilliamsMr. Thomas L. Williams (Age 64)
    Exec. Chairman
    Comp: $5.32M
  • Ms. Jennifer A. ParmentierMs. Jennifer A. Parmentier (Age 56)
    CEO & Director
    Comp: $2.57M
  • Mr. Lee C. BanksMr. Lee C. Banks (Age 60)
    Vice Chairman & Pres
    Comp: $3.38M
  • Mr. Todd M. LeombrunoMr. Todd M. Leombruno (Age 53)
    Exec. VP & CFO
    Comp: $2.18M
  • Mr. Andrew D. RossMr. Andrew D. Ross (Age 56)
    Chief Operating Officer
  • Ms. Robin J. Davenport (Age 61)
    VP of Corp. Fin.
  • Mr. Mark T. CzajaMr. Mark T. Czaja (Age 61)
    VP of Chief Technology & Innovation Officer
  • Mr. Dinu J. Parel (Age 42)
    VP and Chief Digital & Information Officer
  • Mr. Joseph R. LeontiMr. Joseph R. Leonti (Age 51)
    VP, Gen. Counsel & Sec.
  • Mr. Aidan Gormley
    Director of Global Communications & Branding













PH Stock - Frequently Asked Questions

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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Parker-Hannifin in the last year. There are currently 4 hold ratings and 7 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 forecast for 2023?

11 Wall Street research analysts have issued 1-year price objectives for Parker-Hannifin's stock. Their PH share price forecasts range from $344.00 to $470.00. On average, they predict the company's share price to reach $436.29 in the next twelve months. This suggests a possible upside of 12.9% 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 32.8% and is now trading at $386.31.
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, November 2nd 2023.
View our PH earnings forecast
.

How were Parker-Hannifin's earnings last quarter?

Parker-Hannifin Co. (NYSE:PH) issued its earnings results on Thursday, August, 3rd. The industrial products company reported $6.08 EPS for the quarter, beating the consensus estimate of $5.48 by $0.60. The industrial products company earned $5.10 billion during the quarter, compared to the consensus estimate of $5.01 billion. Parker-Hannifin had a trailing twelve-month return on equity of 29.26% and a net margin of 10.93%. The business's revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the firm earned $5.16 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 declared a quarterly dividend on Thursday, August 17th. Stockholders of record on Monday, August 28th will be paid a dividend of $1.48 per share on Friday, September 8th. This represents a $5.92 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, August 25th.
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 1.53%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 37.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PH will have a dividend payout ratio of 23.59% 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, August, 3rd. The company provided earnings per share (EPS) guidance of $21.90-$22.90 for the period, compared to the consensus earnings per share estimate of $22.26. The company issued revenue guidance of $19.64 billion-$20.21 billion, compared to the consensus revenue estimate of $19.95 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).

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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.42%), State Street Corp (4.33%), Aristotle Capital Management LLC (3.03%), JPMorgan Chase & Co. (2.48%), Geode Capital Management LLC (2.10%) and Charles Schwab Investment Management Inc. (1.35%). Insiders that own company stock include Ake Svensson, Andrew D Ross, Andrew M Weeks, Andrew M Weeks, Berend Bracht, Candy M Obourn, Erwan Faiveley, James L Wainscott, Jennifer A Parmentier, Joseph Scaminace, Lee C Banks, Linda S Harty, Linda S Harty, Mark J Hart, Mark T Czaja, Mark T Czaja, Martin C Maxwell, 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.

What is Parker-Hannifin's stock price today?

One share of PH stock can currently be purchased for approximately $386.31.

How much money does Parker-Hannifin make?

Parker-Hannifin (NYSE:PH) has a market capitalization of $49.61 billion and generates $19.07 billion in revenue each year. The industrial products company earns $2.08 billion in net income (profit) each year or $16.00 on an earnings per share basis.

How many employees does Parker-Hannifin have?

The company employs 62,730 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, 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
How can I contact Parker-Hannifin?

Parker-Hannifin's mailing address is 6035 PARKLAND BOULEVARD, CLEVELAND OH, 44124. The official website for the company 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 9/26/2023 by MarketBeat.com Staff

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