Parker-Hannifin - PH Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Parker-Hannifin in the last year. 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.
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12 brokers have issued 12-month price targets for Parker-Hannifin's stock. Their PH share price forecasts range from $287.00 to $446.00. On average, they predict the company's stock price to reach $363.25 in the next twelve months. This suggests a possible upside of 8.7% 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 shares have increased by 14.8% and is now trading at $334.17.
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Parker-Hannifin saw a increase in short interest during the month of 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 trading volume of 836,300 shares, the short-interest ratio is currently 2.2 days. Approximately 1.4% of the company's shares are short sold.
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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 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.45 by $0.31. The industrial products company had revenue of $4.67 billion for the quarter, compared to analysts' expectations 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 business's revenue was up 22.2% on a year-over-year basis. During the same period last year, the firm earned $4.46 EPS.
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Parker-Hannifin declared a quarterly dividend on Thursday, January 26th. Shareholders of record on Friday, March 3rd will be paid a dividend of $1.33 per share on Friday, February 10th. This represents a $5.32 dividend on an annualized basis and a dividend yield of 1.59%. 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), Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA), Proshares Equities For Rising Rates ETF (EQRR), Natixis U.S. Equity Opportunities ETF (EQOP), Inspire 100 ETF (BIBL) and Invesco S&P 500 Equal Weight Industrials ETF (RGI).

Parker-Hannifin (NYSE:PH) pays an annual dividend of $5.32 per share and currently has a dividend yield of 1.66%. 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 (EPS) guidance of $19.20-$19.70 for the period, compared to the consensus EPS 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 variety 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 $334.17.

Parker-Hannifin (NYSE:PH) has a market capitalization of $42.86 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.