S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Freshworks gets juiced on its AI customer engagement platform
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[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Freshworks gets juiced on its AI customer engagement platform
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Freshworks gets juiced on its AI customer engagement platform
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
The Dodgers gave Shohei Ohtani $700 million to hit and pitch — but also because he can sell
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Elon Musk restores X account of conspiracy theorist Alex Jones
At UN climate talks, cameras are everywhere. Many belong to Emirati company with a murky history
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Freshworks gets juiced on its AI customer engagement platform
The EU wants to put a tax on emissions from imports. It's irked some other nations at COP28
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Miyazaki's 'The Boy and the Heron' is No. 1 at the box office, a first for the Japanese anime master
Much of Kenya falls into darkness in the third nationwide power blackout in 3 months

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

$438.63
+4.86 (+1.12%)
(As of 12/8/2023 ET)
Compare
Today's Range
$432.91
$440.03
50-Day Range
$366.24
$440.22
52-Week Range
$281.19
$443.91
Volume
858,426 shs
Average Volume
505,628 shs
Market Capitalization
$56.36 billion
P/E Ratio
24.35
Dividend Yield
1.35%
Price Target
$452.86

Parker-Hannifin MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
3.2% Upside
$452.86 Price Target
Short Interest
Healthy
0.72% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.88
Upright™ Environmental Score
News Sentiment
0.64mentions of Parker-Hannifin in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$680,451 Sold Last Quarter
Proj. Earnings Growth
9.19%
From $23.18 to $25.31 Per Share

Overall MarketRank

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

2.36 out of 5 stars

Industrial Products Sector

61st out of 169 stocks

Miscellaneous Fabricated Metal Products Industry

3rd 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

Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Parker-Hannifin (NYSE:PH) Given Buy Rating at Stifel Nicolaus
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
PH Feb 2024 400.000 call
What Makes Parker-Hannifin (PH) a New Buy Stock
Parker-Hannifin Corporation: Growth at a reasonable price
Q1 2024 Parker-Hannifin Corp Earnings Call
Parker Hannifin Corp. Q1 Profit Increases, beats estimates
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Ex-Dividend for 12/1 Dividend
11/10/2023
Dividend Payable
12/01/2023
Today
12/10/2023
Next Earnings (Estimated)
2/01/2024
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
$452.86
High Stock Price Target
$506.00
Low Stock Price Target
$405.00
Potential Upside/Downside
+3.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
12 Analysts

Profitability

Net Income
$2.08 billion
Pretax Margin
15.23%

Debt

Sales & Book Value

Annual Sales
$19.07 billion
Cash Flow
$28.48 per share
Book Value
$80.51 per share

Miscellaneous

Free Float
127,153,000
Market Cap
$56.36 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 Monday, November 27, 2023 at 10:23 AM.

Pros

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

  • Parker-Hannifin Corporation operates in various markets worldwide, including mobile, industrial, and aerospace, providing diversification and potential growth opportunities.
  • The company offers a wide range of motion and control technologies and systems, including sealing, shielding, thermal products, adhesives, coatings, and noise vibration and harshness solutions. This diverse product portfolio allows Parker-Hannifin to cater to different customer needs and capture market share.
  • Parker-Hannifin Corporation serves both original equipment manufacturers (OEMs) and distributors, providing a broad customer base and potential for stable revenue streams.
  • The company's Aerospace Systems segment offers products for commercial and military airframe and engine programs, tapping into the growing aerospace industry.
  • Parker-Hannifin Corporation has a long history, being founded in 1917, indicating stability and experience in the industry.

Cons

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

  • The recent stock price of Parker-Hannifin Co. should be considered, as it is an important factor in investment decisions. Please refer to the latest stock price for accurate information.
  • The industrial machinery industry, in which Parker-Hannifin operates, can be cyclical and sensitive to economic downturns. This may impact the company's financial performance and stock price.
  • Competition in the motion and control technologies market is intense, with many players vying for market share. Parker-Hannifin Co. needs to continuously innovate and differentiate itself to maintain a competitive edge.
  • Changes in regulations and policies, especially in the aerospace industry, can impact Parker-Hannifin's operations and profitability.
  • Investors should carefully analyze the company's financial statements, including revenue growth, profitability, and debt levels, to make informed investment decisions.














PH Stock Analysis - Frequently Asked Questions

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

12 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 9 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?

12 brokerages have issued 12 month target prices for Parker-Hannifin's stock. Their PH share price targets range from $405.00 to $506.00. On average, they predict the company's share price to reach $452.86 in the next year. This suggests a possible upside of 3.2% 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 on January 1st, 2023. Since then, PH stock has increased by 50.7% and is now trading at $438.63.
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, February 1st 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, November, 2nd. The industrial products company reported $5.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.63. The industrial products company earned $4.85 billion during the quarter, compared to the consensus estimate of $4.88 billion. Parker-Hannifin had a trailing twelve-month return on equity of 29.56% and a net margin of 11.92%. The company's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.74 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 Wednesday, October 25th. Investors of record on Monday, November 13th will be paid a dividend of $1.48 per share on Friday, December 1st. This represents a $5.92 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Friday, November 10th.
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 1.36%. The company has been increasing its dividend for 67 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 32.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PH will have a dividend payout ratio of 23.39% 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 FY24 earnings guidance on Thursday, November, 2nd. The company provided earnings per share (EPS) guidance of $22.60-23.40 for the period, compared to the consensus earnings per share estimate of $22.61. The company issued revenue guidance of $19.54-20.11 billion, compared to the consensus revenue estimate of $19.93 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 retail and institutional investors. Top institutional investors include Aristotle Capital Management LLC (2.90%), FMR LLC (2.87%), Ameriprise Financial Inc. (2.86%), JPMorgan Chase & Co. (2.27%), Invesco Ltd. (2.27%) and Morgan Stanley (1.51%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/10/2023 by MarketBeat.com Staff

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