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 declared a quarterly dividend on Thursday, August 17th. Stockholders of record on Monday, August 28th will be given a dividend of $0.66 per share on Friday, September 8th. This represents a $2.64 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, August 24th. View Parker-Hannifin Corporation's Dividend History.

Parker-Hannifin Corporation (NYSE:PH) released its quarterly earnings data on Thursday, August, 3rd. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.31 by $0.14. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.52 billion. Parker-Hannifin Corporation had a return on equity of 22.90% and a net margin of 8.18%. The company's quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.90 EPS. View Parker-Hannifin Corporation's Earnings History.

Parker-Hannifin Corporation is scheduled to release their next quarterly earnings announcement on Friday, October, 20th 2017. View Earnings Estimates for Parker-Hannifin Corporation.

Parker-Hannifin Corporation issued an update on its FY18 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $8.45-9.15 for the period, compared to the Thomson Reuters consensus estimate of $9.06.

17 analysts have issued 12-month price objectives for Parker-Hannifin Corporation's shares. Their forecasts range from $109.00 to $198.00. On average, they expect Parker-Hannifin Corporation's stock price to reach $167.93 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, "Parker-Hannifin kept its earnings beat streak alive for the eighth consecutive quarter, as its fourth-quarter fiscal 2017 earnings trumped estimates by 6.1%. Going forward, Parker-Hannifin expects to gain traction from improving demand, incremental savings from its realignment actions and its revamped Win Strategy. The company hopes to deliver a growth rate of 8% in earnings, over the next five years. Further, it has made two strategic acquisitions -- CLARCOR and Helac Corp., which will boost its filtration and Hydraulics businesses respectively. However, on the flip side, prolonged sluggishness in the natural resources market, particularly oil and gas and agriculture, as well as softness in business jet markets are proving to be major concerns. In addition, strengthening of the U.S. dollar and escalating restructuring charges are expected to hurt the company’s financials in the near term." (8/8/2017)
• 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), Spirax-Sarco Engineering plc (SPX), Weir Group PLC (WEIR), Timken Company (The) (TKR), Barnes Group (B), IMI plc (IMI), 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
• Yoon Chung, Vice President - eBusiness, IoT and Services
• Thomas C. Gentile, Vice President - Global Supply Chain

Parker-Hannifin Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.57%), BlackRock Inc. (6.36%), Jennison Associates LLC (4.52%), Capital World Investors (4.34%), State Street Corp (4.28%) and Longview Partners Guernsey LTD (3.86%). 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 Pzena Investment Management LLC, Schroder Investment Management Group, Hotchkis & Wiley Capital Management LLC, State of Tennessee Treasury Department, Federated Investors Inc. PA, Great Lakes Advisors LLC, Alliancebernstein L.P. and State Street Corp. Company insiders that have sold Parker-Hannifin Corporation stock in the last year include Candy M Obourn, John G Dedinsky Jr, Jon P Marten, 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 bought by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Voya Investment Management LLC, Koch Industries Inc., PNC Financial Services Group Inc., Janus Henderson Group PLC, Longview Partners Guernsey LTD, American Century Companies Inc. and Principal Financial Group Inc.. 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 $155.15.