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NYSE:PH

Parker-Hannifin Stock Forecast, Price & News

$208.41
-5.66 (-2.64 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$207.79
Now: $208.41
$215.45
50-Day Range
$178.92
MA: $202.73
$214.33
52-Week Range
$93.00
Now: $208.41
$217.59
Volume951,020 shs
Average Volume1.28 million shs
Market Capitalization$26.79 billion
P/E Ratio22.48
Dividend Yield1.64%
Beta1.69
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions. This segment sells its products to original equipment manufacturers and their replacement markets in manufacturing, packaging, processing, transportation, mobile construction, refrigeration and air conditioning, agricultural, and military machinery and equipment industries. The Aerospace Systems segment offers products for use in commercial and military airframe and engine programs, including control actuation systems and components, engine systems and components, fluid conveyance systems and components, fuel systems and components, fuel tank inserting systems, hydraulic systems and components, lubrication components, pneumatic control components, power conditioning and management systems, thermal management products, and wheels and brakes. This segment markets its products directly to original equipment manufacturers and end users. The company markets its products through direct-sales employees, independent distributors, and sales representatives. Parker-Hannifin Corporation was founded in 1918 and is headquartered in Cleveland, Ohio.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.05 out of 5 stars


Industry, Sector and Symbol

Industry Miscellaneous fabricated metal products
Sub-IndustryIndustrial Machinery
CUSIP70109410
Phone216-896-3000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$13.70 billion
Cash Flow$15.07 per share
Book Value$47.80 per share

Profitability

Net Income$1.21 billion

Miscellaneous

Employees50,520
Market Cap$26.79 billion
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$208.41
-5.66 (-2.64 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Parker-Hannifin (NYSE:PH) Frequently Asked Questions

How has Parker-Hannifin's stock price been impacted by Coronavirus?

Parker-Hannifin's stock was trading at $147.66 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PH shares have increased by 41.1% and is now trading at $208.41.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Parker-Hannifin?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Parker-Hannifin in the last year. There are currently 1 hold rating and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Parker-Hannifin
.

When is Parker-Hannifin's next earnings date?

Parker-Hannifin is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Parker-Hannifin
.

How were Parker-Hannifin's earnings last quarter?

Parker-Hannifin Corp (NYSE:PH) announced its earnings results on Thursday, August, 6th. The industrial products company reported $2.55 EPS for the quarter, beating the consensus estimate of $1.47 by $1.08. The industrial products company had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $2.89 billion. Parker-Hannifin had a net margin of 8.81% and a return on equity of 22.54%. The business's revenue was down 14.1% on a year-over-year basis. During the same period last year, the business earned $3.31 earnings per share.
View Parker-Hannifin's earnings history
.

How often does Parker-Hannifin pay dividends? What is the dividend yield for Parker-Hannifin?

Parker-Hannifin declared a quarterly dividend on Thursday, August 13th. Investors of record on Friday, August 28th will be paid a dividend of $0.88 per share on Friday, September 11th. This represents a $3.52 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, August 27th.
View Parker-Hannifin's dividend history
.

What guidance has Parker-Hannifin issued on next quarter's earnings?

Parker-Hannifin issued an update on its FY21 earnings guidance on Thursday, August, 6th. The company provided earnings per share guidance of $9.80-10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.43.

What price target have analysts set for PH?

15 analysts have issued 12 month price targets for Parker-Hannifin's shares. Their forecasts range from $150.00 to $230.00. On average, they anticipate Parker-Hannifin's stock price to reach $205.79 in the next year. This suggests that the stock has a possible downside of 1.3%.
View analysts' price targets for Parker-Hannifin
.

Are investors shorting Parker-Hannifin?

Parker-Hannifin saw a drop in short interest during the month of August. As of August 14th, there was short interest totaling 927,900 shares, a drop of 37.7% from the July 30th total of 1,490,000 shares. Based on an average daily trading volume, of 1,130,000 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.7% of the shares of the stock are short sold.
View Parker-Hannifin's Short Interest
.

Who are some of Parker-Hannifin's key competitors?

What other stocks do shareholders of Parker-Hannifin own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Parker-Hannifin investors own include Johnson & Johnson (JNJ), AT&T (T), Verizon Communications (VZ), NVIDIA (NVDA), Intel (INTC), Micron Technology (MU), Coca-Cola (KO), QUALCOMM (QCOM), Cisco Systems (CSCO) and CVS Health (CVS).

Who are Parker-Hannifin's key executives?

Parker-Hannifin's management team includes the following people:
  • Mr. Thomas L. Williams, Chairman & CEO (Age 60)
  • Mr. Lee C. Banks, Pres, COO & Director (Age 56)
  • Ms. Catherine A. Suever, Exec. VP of Fin. & Admin. and CFO (Age 61)
  • Mr. Joseph R. Leonti, VP, Gen. Counsel & Sec. (Age 47)
  • Mr. Robert W. Malone, VP & Pres of Filtration Group (Age 56)

What is Parker-Hannifin's stock symbol?

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

Who are Parker-Hannifin's major shareholders?

Parker-Hannifin's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.57%), Charles Schwab Investment Management Inc. (1.81%), Nuveen Asset Management LLC (1.52%), Victory Capital Management Inc. (1.15%), Viking Global Investors LP (1.13%) and Principal Financial Group Inc. (0.92%). Company insiders that own Parker-Hannifin stock include 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, Martin C Maxwell, Robert G Bohn, Robert W Malone, Roger S Sherrard, Thomas L Williams, Todd M Leombruno and William R Bowman.
View institutional ownership trends for Parker-Hannifin
.

Which institutional investors are selling Parker-Hannifin stock?

PH stock was sold by a variety of institutional investors in the last quarter, including Holocene Advisors LP, Robeco Institutional Asset Management B.V., Vanguard Group Inc., First Trust Advisors LP, Point72 Asset Management L.P., Glenmede Trust Co. NA, Lockheed Martin Investment Management Co., and Neuberger Berman Group LLC. Company insiders that have sold Parker-Hannifin company stock in the last year include Andrew D Ross, Andrew M Weeks, Catherine A Suever, Joseph R Leonti, Joseph Scaminace, Lee C Banks, Mark J Hart, Martin C Maxwell, Robert W Malone, Thomas L Williams, and William R Bowman.
View insider buying and selling activity for Parker-Hannifin
.

Which institutional investors are buying Parker-Hannifin stock?

PH stock was bought by a variety of institutional investors in the last quarter, including Viking Global Investors LP, Nordea Investment Management AB, Principal Financial Group Inc., Principal Financial Group Inc., Bank of New York Mellon Corp, AMF Pensionsforsakring AB, Fort Washington Investment Advisors Inc. OH, and Wafra Inc.. Company insiders that have bought Parker-Hannifin stock in the last two years include Linda S Harty, and Robert G Bohn.
View insider buying and selling activity for Parker-Hannifin
.

How do I buy shares of Parker-Hannifin?

Shares of PH can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Parker-Hannifin's stock price today?

One share of PH stock can currently be purchased for approximately $208.41.

How big of a company is Parker-Hannifin?

Parker-Hannifin has a market capitalization of $26.79 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.

What is Parker-Hannifin's official website?

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

How can I contact Parker-Hannifin?

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.

This page was last updated on 9/20/2020 by MarketBeat.com Staff

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