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NYSE:PH

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

$526.69
-3.14 (-0.59%)
(As of 05/28/2024 ET)
Today's Range
$524.67
$537.07
50-Day Range
$526.57
$566.67
52-Week Range
$319.14
$570.15
Volume
737,973 shs
Average Volume
613,211 shs
Market Capitalization
$67.70 billion
P/E Ratio
24.82
Dividend Yield
1.24%
Price Target
$560.20

Parker-Hannifin MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
7.6% Upside
$566.87 Price Target
Short Interest
Healthy
0.75% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.88
Upright™ Environmental Score
News Sentiment
0.90mentions of Parker-Hannifin in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$899,081 Sold Last Quarter
Proj. Earnings Growth
5.76%
From $24.84 to $26.27 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.

4.12 out of 5 stars

Industrial Products Sector

31st out of 166 stocks

Miscellaneous Fabricated Metal Products Industry

2nd 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

Mizuho Upgrades Parker-Hannifin (PH)
Parker-Hannifin upgraded at Mizuho Securities
Evaluating Parker Hannifin: Insights From 14 Financial Analysts
Parker-Hannifin (NYSE:PH) Upgraded to "Buy" at Mizuho
3 Dividend Growth Stocks to Buy Now: May 2024
Q3 2024 Parker-Hannifin Corp Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 3/1 Dividend
2/08/2024
Dividend Payable
3/01/2024
Last Earnings
5/02/2024
Ex-Dividend for 6/7 Dividend
5/09/2024
Today
5/28/2024
Dividend Payable
6/07/2024
Fiscal Year End
6/30/2024
Next Earnings (Estimated)
8/01/2024

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
$566.87
High Stock Price Target
$650.00
Low Stock Price Target
$425.00
Potential Upside/Downside
+6.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
16 Analysts

Profitability

Net Income
$2.08 billion
Pretax Margin
17.70%

Debt

Sales & Book Value

Annual Sales
$19.84 billion
Cash Flow
$27.99 per share
Book Value
$80.51 per share

Miscellaneous

Free Float
127,217,000
Market Cap
$67.70 billion
Optionable
Optionable
Beta
1.51

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PH Stock Analysis - Frequently Asked Questions

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

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Parker-Hannifin in the last twelve months. There are currently 4 hold ratings and 12 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?

16 brokerages have issued 12-month price targets for Parker-Hannifin's stock. Their PH share price targets range from $425.00 to $650.00. On average, they anticipate the company's share price to reach $566.87 in the next year. This suggests a possible upside of 7.6% 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 2024?

Parker-Hannifin's stock was trading at $460.70 at the beginning of the year. Since then, PH shares have increased by 14.3% and is now trading at $526.69.
View the best growth stocks for 2024 here
.

Are investors shorting Parker-Hannifin?

Parker-Hannifin saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 952,100 shares, an increase of 17.3% from the April 30th total of 811,700 shares. Based on an average trading volume of 591,400 shares, the short-interest ratio is presently 1.6 days. Approximately 0.8% of the company's shares are short sold.
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, August 1st 2024.
View our PH earnings forecast
.

How were Parker-Hannifin's earnings last quarter?

Parker-Hannifin Co. (NYSE:PH) issued its earnings results on Thursday, May, 2nd. The industrial products company reported $6.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.10 by $0.41. The industrial products company had revenue of $5.07 billion for the quarter, compared to analyst estimates of $5.07 billion. Parker-Hannifin had a trailing twelve-month return on equity of 29.40% and a net margin of 13.95%. Parker-Hannifin's revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.93 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, April 25th. Investors of record on Friday, May 10th will be paid a dividend of $1.63 per share on Friday, June 7th. This represents a $6.52 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, May 9th. This is an increase from the stock's previous quarterly dividend of $1.48.
Read our dividend analysis for PH
.

Is Parker-Hannifin a good dividend stock?

Parker-Hannifin (NYSE:PH) pays an annual dividend of $6.52 per share and currently has a dividend yield of 1.23%. The company has been increasing its dividend for 69 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 30.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PH will have a dividend payout ratio of 24.82% 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 updated its FY 2024 earnings guidance on Friday, May, 3rd. The company provided earnings per share guidance of 24.650-24.850 for the period, compared to the consensus EPS estimate of 24.430. The company issued revenue guidance of $19.8 billion-$19.8 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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.22%), JPMorgan Chase & Co. (1.90%), Boston Partners (0.86%), Alphinity Investment Management Pty Ltd (0.83%), Bank of New York Mellon Corp (0.69%) and Principal Financial Group Inc. (0.64%). Insiders that own company stock include Andrew D Ross, Andrew M Weeks, Berend Bracht, James L Wainscott, Jay Reidy, Joseph Scaminace, Lee C Banks, Linda S Harty, Mark J Hart, Mark T Czaja, Robert W Malone, 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.
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This page (NYSE:PH) was last updated on 5/28/2024 by MarketBeat.com Staff

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