Parker-Hannifin (NYSE:PH) Releases FY 2022 Earnings Guidance

Parker-Hannifin (NYSE:PHGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $18.00-$18.30 for the period, compared to the consensus estimate of $18.27. The company issued revenue guidance of -.

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Parker-Hannifin from $343.00 to $335.00 and set a hold rating for the company in a report on Thursday, April 14th. StockNews.com assumed coverage on Parker-Hannifin in a report on Thursday, March 31st. They issued a buy rating for the company. Stifel Nicolaus cut their price objective on Parker-Hannifin from $384.00 to $338.00 and set a buy rating for the company in a report on Monday, April 18th. Jefferies Financial Group cut their price objective on Parker-Hannifin from $380.00 to $350.00 and set a buy rating for the company in a report on Friday, March 4th. Finally, Barclays dropped their price target on Parker-Hannifin from $376.00 to $350.00 and set an overweight rating on the stock in a research note on Monday, April 4th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of $356.71.

PH stock traded up $2.59 during trading hours on Monday, hitting $274.13. 15,057 shares of the stock were exchanged, compared to its average volume of 785,137. The company has a current ratio of 1.52, a quick ratio of 1.07 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $35.22 billion, a P/E ratio of 21.08, a P/E/G ratio of 1.66 and a beta of 1.57. The company has a 50-day simple moving average of $280.73 and a two-hundred day simple moving average of $301.74. Parker-Hannifin has a 12 month low of $260.23 and a 12 month high of $340.00.

Parker-Hannifin (NYSE:PHGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The industrial products company reported $4.83 earnings per share for the quarter, topping the consensus estimate of $4.65 by $0.18. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.07 billion. Parker-Hannifin had a return on equity of 27.07% and a net margin of 10.82%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $4.11 EPS. On average, equities research analysts predict that Parker-Hannifin will post 18.16 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Friday, May 13th will be issued a dividend of $1.33 per share. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.03. This represents a $5.32 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, May 12th. Parker-Hannifin’s dividend payout ratio is 31.86%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zullo Investment Group Inc. acquired a new stake in shares of Parker-Hannifin during the 4th quarter worth $51,000. NEXT Financial Group Inc boosted its stake in Parker-Hannifin by 18.1% in the fourth quarter. NEXT Financial Group Inc now owns 294 shares of the industrial products company’s stock valued at $93,000 after buying an additional 45 shares in the last quarter. Penserra Capital Management LLC boosted its stake in Parker-Hannifin by 23.0% in the fourth quarter. Penserra Capital Management LLC now owns 573 shares of the industrial products company’s stock valued at $182,000 after buying an additional 107 shares in the last quarter. Wealthsource Partners LLC acquired a new stake in Parker-Hannifin in the fourth quarter valued at about $248,000. Finally, Horizon Investments LLC boosted its stake in Parker-Hannifin by 7.7% in the fourth quarter. Horizon Investments LLC now owns 954 shares of the industrial products company’s stock valued at $302,000 after buying an additional 68 shares in the last quarter. 80.55% of the stock is currently owned by institutional investors.

Parker-Hannifin Company Profile (Get Rating)

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments, Diversified Industrial and Aerospace Systems. The Company's Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; 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; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.

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Earnings History and Estimates for Parker-Hannifin (NYSE:PH)

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