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

11 Wall Street 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 analysts is that investors should "moderate buy" PH shares.
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11 Wall Street research analysts have issued 1 year target prices for Parker-Hannifin's shares. Their PH share price forecasts range from $344.00 to $470.00. On average, they expect the company's stock price to reach $436.29 in the next twelve months. This suggests a possible upside of 10.0% from the stock's current price.
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Parker-Hannifin's stock was trading at $291.00 at the start of the year. Since then, PH shares have increased by 36.3% and is now trading at $396.50.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Parker-Hannifin Co. (NYSE:PH) posted its earnings results on Thursday, August, 3rd. The industrial products company reported $6.08 earnings per share for the quarter, beating the consensus estimate of $5.48 by $0.60. The industrial products company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.01 billion. Parker-Hannifin had a net margin of 10.93% and a trailing twelve-month return on equity of 29.26%. Parker-Hannifin's revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the firm earned $5.16 EPS.
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Parker-Hannifin announced a quarterly dividend on Thursday, August 17th. Shareholders 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 1.49%. The ex-dividend date is Friday, August 25th.
Read our dividend analysis for PH.

ETFs with the largest weight of Parker-Hannifin (NYSE:PH) stock in their portfolio include IQ Winslow Focused Large Cap Growth ETF (IWFG), Invesco Dorsey Wright Industrials Momentum ETF (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).

Parker-Hannifin (NYSE:PH) pays an annual dividend of $5.92 per share and currently has a dividend yield of 1.54%. 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.

Parker-Hannifin updated 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 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.

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.

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).

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

Parker-Hannifin's stock is owned by a variety 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.
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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.
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One share of PH stock can currently be purchased for approximately $396.50.

Parker-Hannifin (NYSE:PH) has a market capitalization of $50.95 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.

The company employs 62,730 workers across the globe.

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.