Parker-Hannifin Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parker-Hannifin in the last year. There are currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Parker-Hannifin stock.
View analyst ratings for Parker-Hannifin or view top-rated stocks.

Wall Street analysts have given Parker-Hannifin a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Parker-Hannifin wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Parker-Hannifin saw a increase in short interest in the month of May. As of May 14th, there was short interest totaling 1,660,000 shares, an increase of 72.9% from the April 29th total of 960,300 shares. Based on an average trading volume of 844,100 shares, the days-to-cover ratio is presently 2.0 days.
View Parker-Hannifin's Short Interest.

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

Parker-Hannifin Co. (NYSE:PH) issued its earnings results on Thursday, April, 29th. The industrial products company reported $4.11 EPS for the quarter, topping the Zacks' consensus estimate of $3.78 by $0.33. The industrial products company earned $3.75 billion during the quarter, compared to analysts' expectations of $3.72 billion. Parker-Hannifin had a net margin of 11.34% and a trailing twelve-month return on equity of 25.33%. The firm's revenue was up 1.2% on a year-over-year basis. During the same period last year, the company earned $2.92 EPS.
View Parker-Hannifin's earnings history.

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. Since then, PH shares have increased by 95.1% and is now trading at $288.05.
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Parker-Hannifin announced a quarterly dividend on Friday, April 23rd. Stockholders of record on Friday, May 7th will be given a dividend of $1.03 per share on Friday, June 4th. This represents a $4.12 annualized dividend and a yield of 1.43%. 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.

Parker-Hannifin pays an annual dividend of $4.12 per share and currently has a dividend yield of 1.47%. Parker-Hannifin does not yet have a strong track record of dividend growth. The dividend payout ratio of Parker-Hannifin is 38.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Parker-Hannifin will have a dividend payout ratio of 24.38% next year. This indicates that Parker-Hannifin will be able to sustain or increase its dividend.
View Parker-Hannifin's dividend history.

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

12 Wall Street analysts have issued 12-month price targets for Parker-Hannifin's stock. Their forecasts range from $245.00 to $355.00. On average, they expect Parker-Hannifin's stock price to reach $331.50 in the next year. This suggests a possible upside of 15.1% from the stock's current price.
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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.

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

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).

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 BlackRock Inc. (6.59%), JPMorgan Chase & Co. (3.88%), Geode Capital Management LLC (1.71%), Ameriprise Financial Inc. (1.58%), Nuveen Asset Management LLC (1.40%) and Northern Trust Corp (1.17%). 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.

PH stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Viking Global Investors LP, JPMorgan Chase & Co., Janus Henderson Group PLC, Assenagon Asset Management S.A., Holocene Advisors LP, Saturna Capital CORP, and Nuveen Asset Management LLC. 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.

PH stock was bought by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Ameriprise Financial Inc., Ceredex Value Advisors LLC, Bank of Nova Scotia, AGF Investments Inc., Mirae Asset Global Investments Co. Ltd., Schroder Investment Management Group, and Morgan Stanley.
View insider buying and selling activity for Parker-Hannifin or or view top insider-buying stocks.

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.
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One share of PH stock can currently be purchased for approximately $288.05.

Parker-Hannifin has a market capitalization of $37.17 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.

Parker-Hannifin employs 50,520 workers across the globe.

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.

Parker-Hannifin was founded in 1917.

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

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

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.