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NYSE:PH

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

$340.39
+14.40 (+4.42%)
(As of 02:57 PM ET)
Compare
Today's Range
$329.42
$341.30
50-Day Range
$311.65
$339.17
52-Week Range
$230.44
$364.57
Volume
571,419 shs
Average Volume
914,004 shs
Market Capitalization
$43.67 billion
P/E Ratio
29.47
Dividend Yield
1.74%
Price Target
$378.46

Parker-Hannifin MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
11.2% Upside
$378.46 Price Target
Short Interest
Healthy
1.27% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.88
Upright™ Environmental Score
News Sentiment
0.68mentions of Parker-Hannifin in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$10.14 M Sold Last Quarter
Proj. Earnings Growth
5.89%
From $20.87 to $22.10 Per Share

Overall MarketRank

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

2.09 out of 5 stars

Industrial Products Sector

106th out of 178 stocks

Miscellaneous Fabricated Metal Products Industry

5th out of 8 stocks


PH stock logo

About Parker-Hannifin (NYSE:PH) Stock

Parker-Hannifin Corp. engages in the manufacture of motion and control technologies and systems. It operates through Diversified Industrial and Aerospace Systems segments. The Diversified Industrial segment sells products to both original equipment manufacturers and distributors who serve the 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 primarily in the commercial and military aerospace markets to both OEMs and to end users for spares, maintenance, repair, and overhaul. The company was founded by Arthur L. Parker in 1918 and is headquartered in Cleveland, OH.

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PH Stock News Headlines

The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
Parker-Hannifin (NYSE:PH) Upgraded at StockNews.com
The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
Parker-Hannifin (NYSE:PH) PT Raised to $440.00
StockNews.com Upgrades Parker-Hannifin (NYSE:PH) to "Buy"
See More Headlines

PH Price History

PH Company Calendar

Last Earnings
5/04/2023
Ex-Dividend for 6/2 Dividend
5/11/2023
Today
6/02/2023
Dividend Payable
6/02/2023
Fiscal Year End
6/30/2023
Next Earnings (Estimated)
8/03/2023

Industry, Sector and Symbol

Industry
Miscellaneous fabricated metal products
Sub-Industry
Industrial Machinery
CUSIP
70109410
Employees
55,090
Year Founded
1917

Price Target and Rating

Average Stock Price Forecast
$378.46
High Stock Price Forecast
$446.00
Low Stock Price Forecast
$287.00
Forecasted Upside/Downside
+16.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$1.32 billion
Pretax Margin
10.44%

Debt

Sales & Book Value

Annual Sales
$15.86 billion
Cash Flow
$23.86 per share
Book Value
$76.33 per share

Miscellaneous

Free Float
126,538,000
Market Cap
$41.82 billion
Optionable
Optionable
Beta
1.49

Social Links


Key Executives

  • Jennifer A. ParmentierJennifer A. Parmentier
    Chief Executive Officer
  • Lee C. BanksLee C. Banks
    Vice Chairman & President
  • Andrew D. RossAndrew D. Ross
    Chief Operating Officer
  • Todd M. LeombrunoTodd M. Leombruno
    Chief Financial Officer & Executive Vice President
  • Dinu Parel
    VP, Chief Information & Digital Officer













PH Stock - 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 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PH shares.
View PH analyst ratings
or view top-rated stocks.

What is Parker-Hannifin's stock price forecast for 2023?

12 Wall Street research analysts have issued 1-year target prices for Parker-Hannifin's shares. Their PH share price forecasts range from $287.00 to $446.00. On average, they anticipate the company's share price to reach $378.46 in the next twelve months. This suggests a possible upside of 11.2% 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 at the beginning of the year. Since then, PH stock has increased by 17.0% and is now trading at $340.47.
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, August 3rd 2023.
View our PH earnings forecast
.

How were Parker-Hannifin's earnings last quarter?

Parker-Hannifin Co. (NYSE:PH) posted its earnings results on Thursday, May, 4th. The industrial products company reported $5.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.01 by $0.92. The industrial products company earned $5.06 billion during the quarter, compared to the consensus estimate of $4.79 billion. Parker-Hannifin had a trailing twelve-month return on equity of 29.14% and a net margin of 8.28%. The business's revenue was up 23.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.83 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 27th. Stockholders of record on Friday, May 12th will be paid a dividend of $1.48 per share on Friday, June 2nd. This represents a $5.92 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, May 11th. This is a boost from the stock's previous quarterly dividend of $1.33.
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 1.85%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 51.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PH will have a dividend payout ratio of 26.79% 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 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of $20.60-$20.90 for the period, compared to the consensus estimate of $19.66. The company issued revenue guidance of -.

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).

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.50%), State Street Corp (4.30%), Aristotle Capital Management LLC (3.09%), Ameriprise Financial Inc. (2.89%), FMR LLC (2.50%) and JPMorgan Chase & Co. (2.45%). Insiders that own company stock include Ake Svensson, Andrew D Ross, Andrew M Weeks, Andrew M Weeks, Berend Bracht, Candy M Obourn, Catherine A Suever, Erwan Faiveley, James L Wainscott, Jennifer A Parmentier, Joseph Scaminace, Lee C Banks, Linda S Harty, Mark J Hart, Mark T Czaja, Mark T Czaja, Martin C Maxwell, Robert W Malone, Roger S Sherrard, Thomas L Williams 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.

What is Parker-Hannifin's stock price today?

One share of PH stock can currently be purchased for approximately $340.47.

How much money does Parker-Hannifin make?

Parker-Hannifin (NYSE:PH) has a market capitalization of $43.68 billion and generates $15.86 billion in revenue each year. The industrial products company earns $1.32 billion in net income (profit) each year or $11.55 on an earnings per share basis.

How many employees does Parker-Hannifin have?

The company employs 55,090 workers across the globe.

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.
Read More
How can I contact Parker-Hannifin?

Parker-Hannifin's mailing address is 6035 PARKLAND BOULEVARD, CLEVELAND OH, 44124. The official website for the company is www.parker.com. The industrial products company can be reached via phone at (216) 896-3000 or via fax at 216-896-4000.

This page (NYSE:PH) was last updated on 6/2/2023 by MarketBeat.com Staff

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