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

-3.92 (-0.71%)
(As of 03:04 PM ET)
Today's Range
50-Day Range
52-Week Range
327,050 shs
Average Volume
581,684 shs
Market Capitalization
$70.17 billion
P/E Ratio
Dividend Yield
Price Target

Parker-Hannifin MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
5.6% Downside
$515.38 Price Target
Short Interest
0.80% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
1.09mentions of Parker-Hannifin in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$6.10 M Sold Last Quarter
Proj. Earnings Growth
From $24.30 to $26.28 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.

4.50 out of 5 stars

Industrial Products Sector

21st out of 168 stocks

Miscellaneous Fabricated Metal Products Industry

1st 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

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Company Calendar

Last Earnings
Ex-Dividend for 3/1 Dividend
Dividend Payable
Next Earnings (Confirmed)
Fiscal Year End

Industry, Sector and Symbol

Miscellaneous fabricated metal products
Industrial Machinery
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
14 Analysts


Net Income
$2.08 billion
Pretax Margin


Sales & Book Value

Annual Sales
$19.07 billion
Cash Flow
$28.49 per share
Book Value
$80.51 per share


Free Float
Market Cap
$70.14 billion

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Should I Buy Parker-Hannifin Stock? PH Pros and Cons Explained


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

  • Parker-Hannifin Co. has a strong presence in various markets worldwide, including mobile, industrial, and aerospace sectors, providing diversified revenue streams.
  • The company offers a wide range of motion and control technologies and systems, catering to different industries and applications, showcasing versatility and adaptability.
  • Parker-Hannifin Co. focuses on innovation and technology advancements, staying competitive and relevant in rapidly evolving markets.
  • Recent financial reports indicate a positive growth trajectory for the company, reflecting strong performance and potential for future returns.
  • The current stock price of Parker-Hannifin Co. is showing stability and growth potential, making it an attractive investment opportunity.


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

  • The industrial machinery subindustry, where Parker-Hannifin Co. operates, can be susceptible to economic downturns and market fluctuations, impacting the company's performance.
  • Global supply chain disruptions and geopolitical uncertainties may pose challenges to Parker-Hannifin Co.'s operations and profitability.
  • Intense competition in the motion and control technologies sector could potentially pressure margins and limit market share growth for Parker-Hannifin Co.
  • Regulatory changes and compliance requirements in various regions may increase operational costs and affect the company's bottom line.
  • Market volatility and macroeconomic factors could influence investor sentiment towards Parker-Hannifin Co.'s stock, leading to fluctuations in share prices.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Parker-Hannifin pros and cons to contact@marketbeat.com.

PH Stock Analysis - 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 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street 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?

14 analysts have issued 12 month price objectives for Parker-Hannifin's stock. Their PH share price targets range from $405.00 to $640.00. On average, they anticipate the company's share price to reach $515.38 in the next year. This suggests that the stock has a possible downside of 5.6%.
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 2024. Since then, PH shares have increased by 18.5% and is now trading at $546.13.
View the best growth stocks for 2024 here

When is Parker-Hannifin's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our PH earnings forecast

How can I listen to Parker-Hannifin's earnings call?

Parker-Hannifin will be holding an earnings conference call on Thursday, May 2nd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Parker-Hannifin's earnings last quarter?

Parker-Hannifin Co. (NYSE:PH) posted its quarterly earnings results on Thursday, February, 1st. The industrial products company reported $6.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.26 by $0.89. The industrial products company earned $4.82 billion during the quarter, compared to the consensus estimate of $4.82 billion. Parker-Hannifin had a net margin of 13.28% and a trailing twelve-month return on equity of 29.91%. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $4.76 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 Thursday, January 25th. Investors of record on Friday, February 9th will be given a dividend of $1.48 per share on Friday, March 1st. This represents a $5.92 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, February 8th.
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 1.11%. The company has been increasing its dividend for 68 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PH will have a dividend payout ratio of 22.53% 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 Thursday, February, 1st. The company provided earnings per share guidance of 23.900-24.500 for the period, compared to the consensus earnings per share estimate of 23.300. The company issued revenue guidance of $19.6 billion-$20.0 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 many different retail and institutional investors. Top institutional investors include AMF Tjanstepension AB (0.48%), Sumitomo Mitsui Trust Holdings Inc. (0.34%), Fort Pitt Capital Group LLC (0.17%), Ferguson Wellman Capital Management Inc. (0.15%), Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.15%) and Congress Asset Management Co. MA (0.12%). 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, Mark J Hart, Mark T Czaja, 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 4/24/2024 by MarketBeat.com Staff

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