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 twelve months. 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 1-year price targets for Parker-Hannifin's stock. Their PH share price forecasts range from $287.00 to $446.00. On average, they expect the company's stock price to reach $378.46 in the next twelve months. This suggests a possible upside of 13.7% from the stock's current price.
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Parker-Hannifin's stock was trading at $291.00 at the beginning of the year. Since then, PH stock has increased by 14.4% and is now trading at $332.88.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Parker-Hannifin Co. (NYSE:PH) released its earnings results on Thursday, May, 4th. The industrial products company reported $5.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.01 by $0.92. The industrial products company earned $5.06 billion during the quarter, compared to analyst estimates of $4.79 billion. Parker-Hannifin had a trailing twelve-month return on equity of 29.14% and a net margin of 8.28%. The firm's revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.83 EPS.
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Parker-Hannifin declared a quarterly dividend on Thursday, April 27th. Investors of record on Friday, May 12th will be paid a dividend of $1.48 per share on Friday, June 2nd. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Thursday, May 11th. This is a positive change from the stock's previous quarterly dividend of $1.33.
Read our dividend analysis for PH.

ETFs with the largest weight of Parker-Hannifin (NYSE:PH) stock in their portfolio include Spear Alpha ETF (SPRX), Global X U.S. Infrastructure Development ETF (PAVE), Burney U.S. Factor Rotation ETF (BRNY), Invesco Aerospace & Defense ETF (PPA), First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF), SEI Enhanced U.S. Large Cap Momentum Factor ETF (SEIM), Proshares Equities For Rising Rates ETF (EQRR) and Natixis U.S. Equity Opportunities ETF (EQOP).

Parker-Hannifin (NYSE:PH) pays an annual dividend of $5.92 per share and currently has a dividend yield of 1.81%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 51.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PH will have a dividend payout ratio of 26.79% 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, May, 4th. The company provided earnings per share (EPS) guidance of $20.60-$20.90 for the period, compared to the consensus EPS estimate of $19.66. 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 investors include BlackRock Inc. (6.50%), State Street Corp (4.30%), Aristotle Capital Management LLC (3.09%), Ameriprise Financial Inc. (2.89%), FMR LLC (2.50%) and JPMorgan Chase & Co. (2.45%). 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 $332.88.

Parker-Hannifin (NYSE:PH) has a market capitalization of $42.71 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 $11.55 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.