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.

Overall MarketRank^™

2.14 out of 5 stars

Industrial Products Sector

26th out of 397 stocks

Miscellaneous Fabricated Metal Products Industry

1st out of 18 stocks

2.5 Analyst's Opinion

Consensus Rating
Parker-Hannifin has received a consensus rating of Buy. The company's average rating score is 2.92, and is based on 12 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $323.62, Parker-Hannifin has a forecasted upside of 1.3% from its current price of $319.39.
Amount of Analyst Coverage
Parker-Hannifin has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.4 Community Rank

Outperform Votes
Parker-Hannifin has received 633 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Parker-Hannifin has received 681 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Parker-Hannifin has received 51.83% “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.

1.7 Dividend Strength

Dividend Yield
Parker-Hannifin has a dividend yield of 1.11%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Parker-Hannifin has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Parker-Hannifin is 32.62%. 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 24.36% next year. This indicates that Parker-Hannifin will be able to sustain or increase its dividend.

1.7 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 $4,115,561.00 in company stock.
Percentage Held by Insiders
Only 1.47% of the stock of Parker-Hannifin is held by insiders.
Percentage Held by Institutions
77.44% of the stock of Parker-Hannifin is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Parker-Hannifin are expected to grow by 16.81% in the coming year, from $12.37 to $14.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Parker-Hannifin is 34.94, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Parker-Hannifin is 34.94, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 51.40.
Price to Earnings Growth Ratio
Parker-Hannifin has a PEG Ratio of 1.97. 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 6.68. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Parker-Hannifin (NYSE:PH) Frequently Asked Questions

Is Parker-Hannifin a buy right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Parker-Hannifin in the last year. There are currently 1 hold rating and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Parker-Hannifin stock.
View analyst ratings for Parker-Hannifin or view top-rated stocks.

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 past winning trading ideas 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.

Are investors shorting Parker-Hannifin?

Parker-Hannifin saw a decrease in short interest in April. As of April 15th, there was short interest totaling 1,280,000 shares, a decrease of 14.7% from the March 31st total of 1,500,000 shares. Based on an average daily trading volume, of 933,300 shares, the short-interest ratio is currently 1.4 days.
View Parker-Hannifin's Short Interest.

When is Parker-Hannifin's next earnings date?

Parker-Hannifin is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Parker-Hannifin.

How were Parker-Hannifin's earnings last quarter?

Parker-Hannifin Co. (NYSE:PH) posted its quarterly earnings results on Thursday, April, 29th. The industrial products company reported $4.11 EPS for the quarter, topping the consensus estimate of $3.78 by $0.33. The industrial products company had revenue of $3.75 billion for the quarter, compared to analysts' expectations of $3.72 billion. Parker-Hannifin had a trailing twelve-month return on equity of 22.77% and a net margin of 8.75%. Parker-Hannifin's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $2.92 earnings per share.
View Parker-Hannifin's earnings history.

How has Parker-Hannifin's stock price 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 (WHO). Since then, PH stock has increased by 116.3% and is now trading at $319.39.
View which stocks have been most impacted by COVID-19.

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

Parker-Hannifin declared a quarterly dividend on Friday, April 23rd. Shareholders of record on Friday, May 7th will be paid a dividend of $1.03 per share on Friday, June 4th. This represents a $4.12 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Thursday, May 6th. This is a positive change from Parker-Hannifin's previous quarterly dividend of $0.88.
View Parker-Hannifin's dividend history.

Is Parker-Hannifin a good dividend stock?

Parker-Hannifin pays an annual dividend of $3.52 per share and currently has a dividend yield of 1.11%. Parker-Hannifin does not yet have a strock track record of dividend growth. The dividend payout ratio of Parker-Hannifin is 32.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Parker-Hannifin will have a dividend payout ratio of 24.36% next year. This indicates that Parker-Hannifin will be able to sustain or increase its dividend.
View Parker-Hannifin's dividend history.

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

Parker-Hannifin issued an update on its FY 2021 earnings guidance on Thursday, May, 6th. The company provided earnings per share guidance of 14.650-14.950 for the period, compared to the Thomson Reuters consensus EPS estimate of $14.190. The company issued revenue guidance of -.

What price target have analysts set for PH?

13 Wall Street analysts have issued 12 month price targets for Parker-Hannifin's stock. Their forecasts range from $229.00 to $355.00. On average, they anticipate Parker-Hannifin's share price to reach $323.62 in the next twelve months. This suggests a possible upside of 1.3% from the stock's current price.
View analysts' price targets for Parker-Hannifin or view top-rated stocks among Wall Street analysts.

Who are Parker-Hannifin's key executives?

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

Mr. Thomas L. Williams, Chairman & CEO (Age 62, Pay $4.53M) (LinkedIn Profile)
Mr. Lee C. Banks, Pres, COO & Director (Age 58, Pay $2.92M)
Mr. Joseph R. Leonti, VP, Gen. Counsel & Sec. (Age 49, Pay $1.65M)
Mr. Andrew M. Weeks, VP & Pres of Engineered Materials Group (Age 58, Pay $1.86M) (LinkedIn Profile)
Mr. Todd M. Leombruno, Exec. VP & CFO (Age 51)
Ms. Robin J. Davenport, VP of Corp. Fin.
Mr. Mark T. Czaja, Chief Technology & Innovation Officer
Mr. Dinu J. Parel, VP and Chief Digital & Information Officer (Age 40)
Mr. Aidan Gormley, Director of Global Communications & Branding
Mr. Michael J. O'Hara, VP of Global Sales & Marketing (LinkedIn Profile)

What is Tom Williams' approval rating as Parker-Hannifin's CEO?

442 employees have rated Parker-Hannifin CEO Tom Williams on Glassdoor.com. Tom Williams has an approval rating of 76% among Parker-Hannifin's employees.

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), Snap-on (SNA), Graco (GGG), Nordson (NDSN), Pentair (PNR), The Middleby (MIDD), ITT (ITT), Donaldson (DCI), Woodward (WWD) and Lincoln Electric (LECO).
View all of PH's 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).

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 institutional and retail investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (1.10%), Victory Capital Management Inc. (0.86%), Maj Invest Holding A S (0.81%), Sumitomo Mitsui Trust Holdings Inc. (0.63%), Keybank National Association OH (0.41%) and Swiss National Bank (0.38%). 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, Mark T Czaja, Martin C Maxwell, Robert W Malone, Roger S Sherrard, Thomas L Williams 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 Assenagon Asset Management S.A., Victory Capital Management Inc., Strs Ohio, Fort Washington Investment Advisors Inc. OH, RE Advisers Corp, Moody Lynn & Lieberson LLC, Rhumbline Advisers, and Lazard Freres Gestion S.A.S.. 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, Linda S Harty, Mark J Hart, Mark T Czaja, Martin C Maxwell, Robert W Malone, Roger S Sherrard, Thomas L Williams, and William R Bowman.
View insider buying and selling activity for Parker-Hannifin or view top insider-selling stocks.

Which major investors are buying Parker-Hannifin stock?

PH stock was purchased by a variety of institutional investors in the last quarter, including Bank of Nova Scotia, The PNC Financial Services Group Inc., Sumitomo Mitsui Trust Holdings Inc., DekaBank Deutsche Girozentrale, Howard Capital Management Group LLC, Commerce Bank, Diamond Hill Capital Management Inc., and Smith Asset Management Group LP.
View insider buying and selling activity for Parker-Hannifin or or view top insider-buying stocks.

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 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 $319.39.

How much money does Parker-Hannifin make?

Parker-Hannifin has a market capitalization of $41.23 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.

How many employees does Parker-Hannifin have?

Parker-Hannifin employs 50,520 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, Altair Filter Technology Inc., Atenas, Atlantic Tubing, BHA Altair LLC, Baldwin Filters (Aust) Pty Ltd, Baldwin Filters Inc., Bayside Controls, Byron Valve, CBL Systems, CLARCOR Inc., CLARCOR International Investments C.V., CLARCOR Total Filtration Inc., Cabett Subsea, Clarcor Air Filtration Products Inc., Clarcor Filtration (China) Co Ltd, Clarcor International Investments LLC, Clark Filter Inc., Commercial Intertech, Commercial Intertech Holdings Limited, Denison International, Domnick Hunter Fabrication Limited, Domnick Hunter Group, Domnick Hunter Group Limited, EMFCO Holdings Incorporated, Exotic Metals, 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 Corporation, Legris, Markwel Hose Industries, Micro Thermo Technologies, Mitos Technologies, Olaer Group, Olaer Group Limited, Origa Group, PECOFacet (Asia Pacific) Sdn. Bhd., PECOFacet (Canada) ULC, PECOFacet (Holland) B.V., PG Square LLC, PGI International, Page International, Parker Canada Holding Co., Parker Hannifin (Australia) Pty. Limited, Parker Hannifin (Barbados) SRL, Parker Hannifin (Bermuda) Ltd., 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 (Luxembourg) S.a.r.l., 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 B.V., Parker Hannifin Bermuda Luxembourg S.C.S., Parker Hannifin CFA LLC, Parker Hannifin Canada, Parker Hannifin Cartera Industrial S.L., Parker Hannifin Cartera Industrial S.L. Bilboa (Espagne) succursale de Carouge, Parker Hannifin Connectors Ltd., Parker Hannifin EMEA S.a.r.l., Parker Hannifin España S.L., Parker Hannifin Europe S.à r.l., Parker Hannifin Filtration (Houston) LLC, Parker Hannifin Filtration (US) Inc., Parker Hannifin Fluid Power Systems & Components (Shanghai) Co. Ltd., Parker Hannifin France Finance SAS, Parker Hannifin France Holding SAS, Parker Hannifin France SAS, Parker Hannifin Ges.m.b.H., Parker Hannifin Global Capital Management S.a.r.l., Parker Hannifin GmbH, Parker Hannifin Holding EMEA S.a.r.l., Parker Hannifin Holding GmbH, Parker Hannifin Hong Kong Ltd., Parker Hannifin Hydraulics (Shanghai) Co. Ltd., Parker Hannifin Hydraulics (Tianjin) Co. Ltd, Parker Hannifin India Private Ltd., Parker Hannifin Industrial (M) Sdn Bhd, Parker Hannifin Industrial s.r.o., Parker Hannifin Industries Limited, Parker Hannifin Industries and Assets Holding S.L., Parker Hannifin Indústria e Comércio Ltda., Parker Hannifin Italy S.R.L., Parker Hannifin Japan Holdings GK, Parker Hannifin Japan Ltd., Parker Hannifin Limited, Parker Hannifin Lux FinCo S.a.r.l., Parker Hannifin Lux Finco S.à.r.l. FZ LLC - UAE Branch, 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 (Ireland) Limited, Parker Hannifin Manufacturing (UK) Limited, Parker Hannifin Manufacturing Finland Oy, Parker Hannifin Manufacturing France SAS, Parker Hannifin Manufacturing Germany GmbH & Co. KG, Parker Hannifin Manufacturing Holding Belgium SPRL, Parker Hannifin Manufacturing Holding Czech Republic s.r.o., Parker Hannifin Manufacturing Holding Denmark ApS, Parker Hannifin Manufacturing Holding Italy srl, Parker Hannifin Manufacturing Limited, Parker Hannifin Manufacturing Netherlands (Process Filtration) B.V., Parker Hannifin Manufacturing Sweden AB, Parker Hannifin Manufacturing Switzerland SA, Parker Hannifin Manufacturing srl, Parker Hannifin Motion & Control (Shanghai) Co. Ltd., Parker Hannifin Motion & Control (Wuxi) Company Ltd, Parker Hannifin Netherlands Holdings 2 B.V., Parker Hannifin Netherlands Holdings 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 VAS Netherlands B.V., Parker Hannifin de Mexico S.A. de C.V., Parker Hareket ve Kontrol Sistemleri Tic. Ltd. Şti., Parker Industrial S. de R.L. de C.V., Parker Intangibles LLC, Parker International Capital Management Hungary Limited Liability Company, Parker Italy (PH Espana Holding) LLC, Parker Italy Holding LLC, Parker Korea Ltd., Parker Olaer Holdings LLC, Parker Ontario Holding Inc., Parker Royalty Partnership, Parker Seal de Mexico, Parker-Hannifin International Corp., Perry Holdings de Mexico S. de R.L. de C.V., Phyre Technologies, Polyflex Schwarz Group, Porter Instrument Company, Power Components of Midwest, PpTek, President Engineering Group, Purolator Facet Inc., Rayco (Wuxi) Technologies Co. Ltd., 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., TransWeb LLC., Trilogy Systems, Twin Filter B.V., United Air Specialists Inc., VOAC Hydraulics, Vansco Electronics, Velcon Filters, Veriflo, Webb Enterprises, Winco Enterprises Inc., and Wynn's International.

When was Parker-Hannifin founded?

Parker-Hannifin was founded in 1917.

What is Parker-Hannifin's official website?

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

Where are Parker-Hannifin's headquarters?

Parker-Hannifin is headquartered at 6035 PARKLAND BOULEVARD, CLEVELAND OH, 44124.

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 5/7/2021 by MarketBeat.com Staff

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