Parker-Hannifin Corporation Company Profile (NYSE:PH)

Parker-Hannifin Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "PH."

Parker-Hannifin Corporation announced a quarterly dividend on Thursday, April 20th. Shareholders of record on Wednesday, May 10th will be paid a dividend of $0.66 per share on Friday, June 2nd. This represents a $2.64 annualized dividend and a yield of 1.61%. The ex-dividend date is Monday, May 8th. View Parker-Hannifin Corporation's Dividend History.

Parker-Hannifin Corporation (NYSE:PH) released its earnings results on Thursday, April, 27th. The company reported $2.11 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.25. The firm earned $3.12 billion during the quarter, compared to analysts' expectations of $3.03 billion. Parker-Hannifin Corporation had a net margin of 8.11% and a return on equity of 22.14%. Parker-Hannifin Corporation's revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.51 earnings per share. View Parker-Hannifin Corporation's Earnings History.

Parker-Hannifin Corporation is scheduled to release their next quarterly earnings announcement on Wednesday, August, 2nd 2017. View Earnings Estimates for Parker-Hannifin Corporation.

18 brokerages have issued 12 month target prices for Parker-Hannifin Corporation's shares. Their predictions range from $109.00 to $189.00. On average, they expect Parker-Hannifin Corporation's stock price to reach $164.25 in the next year. View Analyst Ratings for Parker-Hannifin Corporation.

Here are some recent quotes from research analysts about Parker-Hannifin Corporation stock:

• 1. According to Zacks Investment Research, "Over the past one year, Parker-Hannifin’s shares have outperformed the Zacks categorized Machinery - General Industrial industry’s average. The company also has a robust earnings surprise history, with consecutive earnings beats in the four trailing quarters. Parker-Hannifin expects that its revamped Win strategy will help deliver a growth rate of 8% in earnings, over the next five years. Going forward, the company expects to gain some traction from improving demand and incremental savings from its realignment actions. Parker-Hannifin has acquired CLARCOR, which will be integrated into its filtration business, helping double the sales of this unit.  Also, the company made a strategic product line addition to its Hydraulics Unit with the Helac acquisition, which will boost revenues. On the flip side, prolonged sluggishness in the natural resources market and softness in key end-markets remain major concerns for the company." (4/10/2017)
• 2. Cowen and Company analysts commented, "Updating model to reflect most recent results, outlook, and the closing of the CLARCOR transaction. Our $140 target implies 11x FY18 EV/EBITDA, in line with comps such as EMR and ETN. PH has been impressive of late in terms of strategy and execution - but we have a hard time arriving at Street for FY18 absent org. growth nearly 2x our 3.6% estimate. Not impossible but a tough baseline expectation." (3/13/2017)
• 3. Jefferies Group LLC analysts commented, "We provide a proforma model and raise our price target as higher multiple filtration grows as a percent of Parker’s business. We believe the acquisition makes strategic sense for Parker and cost synergies while not conservative should be achievable. Still, Parker paid a premium price and current valuation reflects the combined potential, in our view." (12/5/2016)

Some companies that are related to Parker-Hannifin Corporation include Roper Technologies (ROP), Ingersoll-Rand PLC (Ireland) (IR), Stanley Black & Decker (SWK), Pall (PLL), Dover Corporation (DOV), W.W. Grainger (GWW), Snap-On Incorporated (SNA), Crane Company (CR), Gardner Denver Holdings (GDI), Woodward (WWD), Weir Group PLC (WEIR), Spirax-Sarco Engineering plc (SPX), Timken Company (The) (TKR), IMI plc (IMI), Barnes Group (B), Manitowoc Food Service (WBT), KLX (KLXI) and Rexnord Corporation (RXN).

Parker-Hannifin Corporation's management team includes the folowing people:

• Lee C. Banks, President, Chief Operating Officer, Director
• Thomas L. Williams II, Chief Executive Officer, Director
• Catherine A. Suever, Executive Vice President - Finance & Administration and Chief Financial Officer
• Mark J. Hart, Executive Vice President – Human Resources & External Affairs
• Martin Craig Maxwell, Vice President, Chief Technology and Innovation Officer
• William G. Eline, Vice President, Chief Information Officer
• Joseph R. Leonti, Vice President, General Counsel, Secretary
• Todd M. Leombruno, Vice President, Controller
• Robert W. Bond, Vice President – eBusiness, IoT and Services
• Yoon Chung, Vice President - eBusiness, IoT and Services

Parker-Hannifin Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include Beutel Goodman & Co Ltd. (0.94%), RE Advisers Corp (0.79%), APG Asset Management N.V. (0.45%), Bank of Montreal Can (0.31%), Cornerstone Investment Partners LLC (0.23%) and AMF Pensionsforsakring AB (0.21%). Company insiders that own Parker-Hannifin Corporation stock include Andrew M Weeks, Candy M Obourn, Catherine A Suever, Donald E Washkewicz, John G Dedinsky Jr, John R Greco, Jon P Marten, Klaus Peter Muller, Kurt A Keller, Lee C Banks, Martin C Maxwell, Robert W Bond, Robert W Malone, Thomas L Williams, William G Eline, William R Bowman, Wolfgang R Schmitt and Yoon Michael Chung. View Institutional Ownership Trends for Parker-Hannifin Corporation.

Parker-Hannifin Corporation's stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Cornerstone Investment Partners LLC, PGGM Investments, Gateway Investment Advisers LLC, NN Investment Partners Holdings N.V., CHICAGO TRUST Co NA, Meeder Asset Management Inc. and Exxonmobil Investment Management Inc. TX. Company insiders that have sold Parker-Hannifin Corporation stock in the last year include Candy M Obourn, Catherine A Suever, John G Dedinsky Jr, Jon P Marten, Kurt A Keller, Lee C Banks, Martin C Maxwell, Robert W Bond, Robert W Malone, Thomas L Williams, William G Eline, William R Bowman, Wolfgang R Schmitt and Yoon Michael Chung. View Insider Buying and Selling for Parker-Hannifin Corporation.

Parker-Hannifin Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Beutel Goodman & Co Ltd., Oregon Public Employees Retirement Fund, Ardevora Asset Management LLP, Mn Services Vermogensbeheer B.V., National Pension Service, Bedrijfstakpensioenfonds Voor DE Media PNO and Peak Capital Management LLC. View Insider Buying and Selling for Parker-Hannifin Corporation.

Shares of Parker-Hannifin Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Parker-Hannifin Corporation stock can currently be purchased for approximately $164.40.