NYSE:PHParker-Hannifin Stock Price, Forecast & News

$195.45

-1.41 (-0.72 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$194.91

Now: $195.45▼

$209.40

50-Day Range

$126.00

MA: $156.98▼

$196.30

52-Week Range

$93.00

Now: $195.45▼

$215.94

Volume2.67 million shs

Average Volume1.49 million shs

Market Capitalization$25.06 billion

P/E Ratio19.22

Dividend Yield1.79%

Beta1.67

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions. This segment sells its products to original equipment manufacturers and their replacement markets in manufacturing, packaging, processing, transportation, mobile 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, including control actuation systems and components, engine systems and components, fluid conveyance systems and components, fuel systems and components, fuel tank inserting systems, hydraulic systems and components, lubrication components, pneumatic control components, power conditioning and management systems, thermal management products, and wheels and brakes. This segment markets its products directly to original equipment manufacturers and end users. The company markets its products through direct-sales employees, independent distributors, and sales representatives. Parker-Hannifin Corporation was founded in 1918 and is headquartered in Cleveland, Ohio.

Beat the Market (BTM) Rank^™

2.4 Analyst's Opinion

Consensus Rating
Parker-Hannifin has received a consensus rating of Buy. The company's average rating score is 2.81, and is based on 13 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $191.50, Parker-Hannifin has a potential downside of 2.0% from its current price of $195.45.
Amount of Analyst Coverage
Parker-Hannifin has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.4 Community Rank

Outperform Votes
Parker-Hannifin has received 600 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Parker-Hannifin has received 672 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Parker-Hannifin has received 52.83% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Parker-Hannifin and other stocks. Vote “Outperform” if you believe PH will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PH will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Parker-Hannifin is a leading dividend payer. It pays a dividend yield of 1.79%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Parker-Hannifin has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Parker-Hannifin is 29.70 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Parker-Hannifin will have a dividend payout ratio of 37.73 % next year. This indicates that Parker-Hannifin will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Parker-Hannifin insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $872,395.00 in company stock.
Percentage Held by Insiders
Only 1.23% of the stock of Parker-Hannifin is held by insiders.
Percentage Held by Institutions
78.87% of the stock of Parker-Hannifin is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Parker-Hannifin are expected to decrease by -4.01% in the coming year, from $9.72 to $9.33 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Parker-Hannifin is 19.22, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.36.
Price to Earnings Ratio vs. Sector
The P/E ratio of Parker-Hannifin is 19.22, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.32.
Price to Earnings Growth Ratio
Parker-Hannifin has a PEG Ratio of 1.71. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Parker-Hannifin has a P/B Ratio of 4.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.95 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Miscellaneous fabricated metal products

Sub-IndustryIndustrial Machinery

SectorIndustrial Products

Current SymbolNYSE:PH

Previous Symbol

CUSIP70109410

CIK76334

Webwww.parker.com

Phone216-896-3000

Debt

Debt-to-Equity Ratio1.28

Current Ratio1.49

Quick Ratio0.94

Price-To-Earnings

Trailing P/E Ratio19.22

Forward P/E Ratio20.11

P/E Growth1.71

Sales & Book Value

Annual Sales$14.32 billion

Price / Sales1.75

Cash Flow$15.50 per share

Price / Cash Flow12.61

Book Value$46.52 per share

Price / Book4.20

Profitability

EPS (Most Recent Fiscal Year)$11.85

Net Income$1.51 billion

Net Margins9.32%

Return on Equity24.30%

Return on Assets7.65%

Miscellaneous

Employees55,610

Outstanding Shares128,217,000

Market Cap$25.06 billion

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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Parker-Hannifin (NYSE:PH) Frequently Asked Questions

How has Parker-Hannifin's stock been impacted by COVID-19 (Coronavirus)?

Parker-Hannifin's stock was trading at $147.66 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PH stock has increased by 32.4% and is now trading at $195.45. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Parker-Hannifin?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parker-Hannifin in the last year. There are currently 3 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Parker-Hannifin.

When is Parker-Hannifin's next earnings date?

Parker-Hannifin is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Parker-Hannifin.

How were Parker-Hannifin's earnings last quarter?

Parker-Hannifin Corp (NYSE:PH) announced its earnings results on Thursday, April, 30th. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.68. The industrial products company had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.56 billion. Parker-Hannifin had a return on equity of 24.30% and a net margin of 9.32%. The firm's quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $3.17 earnings per share. View Parker-Hannifin's earnings history.

How often does Parker-Hannifin pay dividends? What is the dividend yield for Parker-Hannifin?

Parker-Hannifin declared a quarterly dividend on Wednesday, April 22nd. Investors of record on Friday, May 8th will be given a dividend of $0.88 per share on Friday, June 5th. This represents a $3.52 annualized dividend and a yield of 1.80%. The ex-dividend date is Thursday, May 7th. View Parker-Hannifin's dividend history.

What price target have analysts set for PH?

16 brokerages have issued twelve-month price objectives for Parker-Hannifin's shares. Their forecasts range from $150.00 to $230.00. On average, they expect Parker-Hannifin's stock price to reach $191.50 in the next twelve months. This suggests that the stock has a possible downside of 2.0%. View analysts' price targets for Parker-Hannifin.

Has Parker-Hannifin been receiving favorable news coverage?

Press coverage about PH stock has been trending very positive this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Parker-Hannifin earned a daily sentiment score of 4.0 on InfoTrie's scale. They also assigned news headlines about the industrial products company a news buzz of 7.0 out of 10, indicating that recent media coverage is likely to have an impact on the company's share price in the next few days. View the latest news aboutParker-Hannifin.

Are investors shorting Parker-Hannifin?

Parker-Hannifin saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,960,000 shares, a decrease of 23.1% from the April 30th total of 2,550,000 shares. Based on an average trading volume of 1,660,000 shares, the short-interest ratio is currently 1.2 days. Currently, 1.5% of the shares of the stock are short sold. View Parker-Hannifin's Current Options Chain.

Who are some of Parker-Hannifin's key competitors?

Some companies that are related to Parker-Hannifin include Illinois Tool Works (ITW), Stanley Black & Decker (SWK), Dover (DOV), Xylem (XYL), Ingersoll-Rand (IR), IDEX (IEX), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Gardner Denver (GDI), Donaldson (DCI), Lincoln Electric (LECO), ITT (ITT) and Middleby (MIDD). View all competitors.

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 AT&T (T), AbbVie (ABBV), Verizon Communications (VZ), Johnson & Johnson (JNJ), Walt Disney (DIS), NVIDIA (NVDA), CVS Health (CVS), UnitedHealth Group (UNH), Cisco Systems (CSCO) and Home Depot (HD).

Who are Parker-Hannifin's key executives?

Parker-Hannifin's management team includes the following people:

Mr. Thomas L. Williams, Chairman & CEO (Age 60)
Mr. Lee C. Banks, Pres, COO & Director (Age 56)
Ms. Catherine A. Suever, Exec. VP of Fin. & Admin. and CFO (Age 61)
Mr. Joseph R. Leonti, VP, Gen. Counsel & Sec. (Age 47)
Mr. Robert W. Malone, VP & Pres of Filtration Group (Age 56)

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.72%), Longview Partners Guernsey LTD (5.22%), Capital World Investors (4.35%), JPMorgan Chase & Co. (4.20%), State Street Corp (3.94%) and Aristotle Capital Management LLC (2.91%). Company insiders that own Parker-Hannifin stock include Andrew D Ross, Andrew M Weeks, Candy M Obourn, Catherine A Suever, Jennifer A Parmentier, Joseph R Leonti, Joseph Scaminace, Lee C Banks, Linda S Harty, Mark J Hart, Robert G Bohn, Robert W Malone, Roger S Sherrard, Thomas L Williams, Todd M Leombruno and William R Bowman. View institutional ownership trends for Parker-Hannifin.

Which major investors are selling Parker-Hannifin stock?

PH stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, JPMorgan Chase & Co., Loomis Sayles & Co. L P, Alyeska Investment Group L.P., Nuveen Asset Management LLC, AQR Capital Management LLC, Robeco Institutional Asset Management B.V., and Morgan Stanley. Company insiders that have sold Parker-Hannifin company stock in the last year include Andrew D Ross, Andrew M Weeks, Catherine A Suever, Jennifer A Parmentier, Joseph R Leonti, Joseph Scaminace, Lee C Banks, Mark J Hart, Thomas L Williams, and William R Bowman. View insider buying and selling activity for Parker-Hannifin.

Which major investors are buying Parker-Hannifin stock?

PH stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, BlackRock Inc., The Manufacturers Life Insurance Company , Fort Washington Investment Advisors Inc. OH, Aristotle Capital Management LLC, Bessemer Group Inc., Swiss National Bank, and Korea Investment CORP. Company insiders that have bought Parker-Hannifin stock in the last two years include Linda S Harty, and Robert G Bohn. View insider buying and selling activity for Parker-Hannifin.

How do I buy shares of Parker-Hannifin?

Shares of PH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Parker-Hannifin's stock price today?

One share of PH stock can currently be purchased for approximately $195.45.

How big of a company is Parker-Hannifin?

Parker-Hannifin has a market capitalization of $25.06 billion and generates $14.32 billion in revenue each year. The industrial products company earns $1.51 billion in net income (profit) each year or $11.85 on an earnings per share basis. Parker-Hannifin employs 55,610 workers across the globe.

What is Parker-Hannifin's official website?

The official website for Parker-Hannifin is www.parker.com.

How can I contact Parker-Hannifin?

Parker-Hannifin's mailing address is 6035 PARKLAND BOULEVARD, CLEVELAND OH, 44124. The industrial products company can be reached via phone at 216-896-3000.

This page was last updated on 6/5/2020 by MarketBeat.com Staff