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Parker-Hannifin Stock Forecast, Price & News

-1.25 (-0.46 %)
(As of 11/27/2020 12:00 AM ET)
Today's Range
Now: $272.85
50-Day Range
MA: $236.77
52-Week Range
Now: $272.85
Volume340,159 shs
Average Volume1.19 million shs
Market Capitalization$35.14 billion
P/E Ratio29.43
Dividend Yield1.28%
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 monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; 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, pilot controls, pneumatic control components, thermal management products, and wheels and brakes, as well as fluid metering, delivery, and atomization devices. This segment markets its products directly to OEMs and end users. It markets its products through direct-sales employees, independent distributors, and sales representatives. The company was founded in 1917 and is headquartered in Cleveland, Ohio.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.15 out of 5 stars

Industry, Sector and Symbol

Industry Miscellaneous fabricated metal products
Sub-IndustryIndustrial Machinery



Sales & Book Value

Annual Sales$13.70 billion
Cash Flow$18.62 per share
Book Value$47.80 per share


Net Income$1.21 billion


Market Cap$35.14 billion
Next Earnings Date2/4/2021 (Estimated)
-1.25 (-0.46 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Parker-Hannifin (NYSE:PH) Frequently Asked Questions

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

Parker-Hannifin's stock was trading at $147.66 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PH shares have increased by 84.8% and is now trading at $272.85.
View which stocks have been most impacted by COVID-19

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

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parker-Hannifin in the last year. There are currently 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Parker-Hannifin
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Parker-Hannifin?

Wall Street analysts have given Parker-Hannifin a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Parker-Hannifin wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Parker-Hannifin's next earnings date?

Parker-Hannifin is scheduled to release its next quarterly earnings announcement on Thursday, February 4th 2021.
View our earnings forecast for Parker-Hannifin

How were Parker-Hannifin's earnings last quarter?

Parker-Hannifin Co. (NYSE:PH) posted its earnings results on Thursday, November, 5th. The industrial products company reported $3.07 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.78. The industrial products company earned $3.23 billion during the quarter, compared to the consensus estimate of $2.98 billion. Parker-Hannifin had a net margin of 8.81% and a return on equity of 22.54%. Parker-Hannifin's quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.76 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, October 28th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.88 per share on Friday, December 4th. This represents a $3.52 annualized dividend and a yield of 1.29%. The ex-dividend date is Thursday, November 5th.
View Parker-Hannifin's dividend history

What guidance has Parker-Hannifin issued on next quarter's earnings?

Parker-Hannifin issued an update on its FY21 earnings guidance on Thursday, November, 5th. The company provided EPS guidance of $11.70-$12.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.88.

What price target have analysts set for PH?

15 analysts have issued twelve-month target prices for Parker-Hannifin's stock. Their forecasts range from $150.00 to $300.00. On average, they anticipate Parker-Hannifin's stock price to reach $232.14 in the next twelve months. This suggests that the stock has a possible downside of 14.9%.
View analysts' price targets for Parker-Hannifin

Are investors shorting Parker-Hannifin?

Parker-Hannifin saw a decline in short interest in the month of October. As of October 30th, there was short interest totaling 1,360,000 shares, a decline of 14.5% from the October 15th total of 1,590,000 shares. Based on an average trading volume of 837,500 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.1% of the shares of the company are short sold.
View Parker-Hannifin's Short Interest

Who are some of Parker-Hannifin's key 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 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 The 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 61, Pay $4.53M)
  • Mr. Lee C. Banks, Pres, COO & Director (Age 57, Pay $2.92M)
  • Ms. Catherine A. Suever, Exec. VP of Fin. & Admin. and CFO (Age 62, Pay $2M)
  • Mr. Joseph R. Leonti, VP, Gen. Counsel & Sec. (Age 48, Pay $1.65M)
  • Mr. Andrew M. Weeks, VP & Pres of Engineered Materials Group (Age 57, Pay $1.86M)
  • Ms. Robin J. Davenport, VP of Corp. Fin.
  • Mr. M. Craig Maxwell, VP and Chief Technology & Innovation Officer (Age 62)
  • Mr. Dinu J. Parel, VP & Chief Information Officer (Age 40)
  • Mr. Michael J. O'Hara, VP of Global Sales & Marketing
  • Mr. Mark J. Hart, Exec. VP of HR & External Affairs (Age 55)

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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.68%), JPMorgan Chase & Co. (4.29%), State Street Corp (4.13%), Charles Schwab Investment Management Inc. (1.70%), Nuveen Asset Management LLC (1.51%) and Diamond Hill Capital Management Inc. (1.35%). Company insiders that own Parker-Hannifin stock include Ake Svensson, 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, Martin C Maxwell, 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 institutional investors are selling Parker-Hannifin stock?

PH stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Charles Schwab Investment Management Inc., Rothschild & Co. Asset Management US Inc., BlackRock Inc., Paloma Partners Management Co, Victory Capital Management Inc., New York State Common Retirement Fund, and Adams Diversified Equity Fund Inc.. Company insiders that have sold Parker-Hannifin company stock in the last year include Ake Svensson, Andrew D Ross, Andrew M Weeks, Candy M Obourn, Catherine A Suever, Jennifer A Parmentier, Joseph Scaminace, Lee C Banks, Mark J Hart, Martin C Maxwell, Robert W Malone, Thomas L Williams, and William R Bowman.
View insider buying and selling activity for Parker-Hannifin

Which institutional investors are buying Parker-Hannifin stock?

PH stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Arrowstreet Capital Limited Partnership, Morgan Stanley, State of Tennessee Treasury Department, Cibc World Markets Corp, Shellback Capital LP, Point72 Asset Management L.P., and BNP Paribas Arbitrage SA. 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 $272.85.

How big of a company is Parker-Hannifin?

Parker-Hannifin has a market capitalization of $35.14 billion and generates $13.70 billion in revenue each year. The industrial products company earns $1.21 billion in net income (profit) each year or $10.79 on an earnings per share basis. Parker-Hannifin employs 50,520 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 11/29/2020 by MarketBeat.com Staff

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