Parker-Hannifin - PH Stock Forecast, Price & News

12 Wall Street 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 analysts is that investors should "buy" PH shares.
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12 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 $363.25 in the next twelve months. This suggests a possible upside of 8.1% from the stock's current price.
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Parker-Hannifin's stock was trading at $291.00 at the beginning of 2023. Since then, PH stock has increased by 15.5% and is now trading at $336.11.
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Parker-Hannifin saw a increase in short interest in February. As of February 15th, there was short interest totaling 1,830,000 shares, an increase of 43.0% from the January 31st total of 1,280,000 shares. Based on an average daily volume of 836,300 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.4% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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Parker-Hannifin Co. (NYSE:PH) released its quarterly earnings data on Thursday, February, 2nd. The industrial products company reported $4.76 EPS for the quarter, beating the consensus estimate of $4.45 by $0.31. The industrial products company had revenue of $4.67 billion for the quarter, compared to the consensus estimate of $4.44 billion. Parker-Hannifin had a trailing twelve-month return on equity of 28.23% and a net margin of 7.33%. The firm's revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.46 earnings per share.
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Parker-Hannifin announced a quarterly dividend on Thursday, January 26th. Stockholders of record on Friday, March 3rd will be given a dividend of $1.33 per share on Friday, February 10th. This represents a $5.32 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Thursday, February 9th.
Read our dividend analysis for PH.

ETFs with the largest weight of Parker-Hannifin (NYSE:PH) stock in their portfolio include Global X U.S. Infrastructure Development ETF (PAVE), Invesco Aerospace & Defense ETF (PPA), SEI Enhanced U.S. Large Cap Momentum Factor ETF (SEIM), Proshares Equities For Rising Rates ETF (EQRR), Natixis U.S. Equity Opportunities ETF (EQOP), Inspire 100 ETF (BIBL), Invesco S&P 500 Equal Weight Industrials ETF (RGI) and Industrial Select Sector SPDR Fund (XLI).

Parker-Hannifin (NYSE:PH) pays an annual dividend of $5.32 per share and currently has a dividend yield of 1.62%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 54.96%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PH will have a dividend payout ratio of 25.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PH.

Parker-Hannifin updated its FY 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share guidance of $19.20-$19.70 for the period, compared to the consensus estimate of $19.11. The company issued revenue guidance of -.

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.

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).

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

Parker-Hannifin's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Aristotle Capital Management LLC (3.22%), JPMorgan Chase & Co. (3.16%), Bank of America Corp DE (2.66%), Geode Capital Management LLC (2.01%), Charles Schwab Investment Management Inc. (1.58%) and Norges Bank (1.39%). 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.
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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.
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One share of PH stock can currently be purchased for approximately $336.11.

Parker-Hannifin (NYSE:PH) has a market capitalization of $43.11 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 $9.68 on an earnings per share basis.

The company employs 55,090 workers across the globe.

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.