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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
NYSE:PH

Parker-Hannifin (PH) Stock Price, News & Analysis

$558.05
+8.89 (+1.62%)
(As of 03/27/2024 ET)
Today's Range
$548.92
$558.64
50-Day Range
$455.80
$560.94
52-Week Range
$308.26
$561.13
Volume
516,221 shs
Average Volume
552,601 shs
Market Capitalization
$71.66 billion
P/E Ratio
27.63
Dividend Yield
1.06%
Price Target
$504.56

Parker-Hannifin MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
9.6% Downside
$504.56 Price Target
Short Interest
Healthy
0.82% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.88
Upright™ Environmental Score
News Sentiment
1.29mentions of Parker-Hannifin in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$6.10 M Sold Last Quarter
Proj. Earnings Growth
7.98%
From $24.20 to $26.13 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.53 out of 5 stars

Industrial Products Sector

19th out of 171 stocks

Miscellaneous Fabricated Metal Products Industry

1st out of 6 stocks

PH stock logo

About Parker-Hannifin Stock (NYSE:PH)

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 Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment. This segment sells its products to original equipment manufacturers (OEMs) and distributors who serve the replacement markets in manufacturing, packaging, processing, transportation, 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, such as control actuation systems and components, engine build-up ducting, engine exhaust nozzles and assemblies, engine systems and components, fluid conveyance systems and components, fuel systems and components, fuel tank inerting systems, hydraulic systems and components, lubrication components, avionics, sensors, pneumatic control components, thermal management products, fire detection and suppression systems and components, and wheels and brakes, as well as fluid metering, delivery, and atomization devices. This segment markets its products directly to OEMs and end users. The company markets its products through direct-sales employees, independent distributors, and sales representatives. Parker-Hannifin Corporation was founded in 1917 and is headquartered in Cleveland, Ohio.

PH Stock Price History

PH Stock News Headlines

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
The Analyst Landscape: 8 Takes On Parker Hannifin
PH Apr 2024 430.000 put
PH Mar 2024 460.000 put
PH Mar 2024 490.000 call
PH Mar 2024 460.000 call
PH Mar 2024 320.000 put
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Ex-Dividend for 3/1 Dividend
2/08/2024
Dividend Payable
3/01/2024
Today
3/28/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Miscellaneous fabricated metal products
Sub-Industry
Industrial Machinery
CUSIP
70109410
Employees
62,730
Year Founded
1917

Price Target and Rating

Average Stock Price Target
$504.56
High Stock Price Target
$602.00
Low Stock Price Target
$405.00
Potential Upside/Downside
-9.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
14 Analysts

Profitability

Net Income
$2.08 billion
Pretax Margin
16.89%

Debt

Sales & Book Value

Annual Sales
$19.07 billion
Cash Flow
$28.54 per share
Book Value
$80.51 per share

Miscellaneous

Free Float
127,088,000
Market Cap
$71.66 billion
Optionable
Optionable
Beta
1.52

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Should I Buy Parker-Hannifin Stock? PH Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Parker-Hannifin was last updated on Tuesday, March 26, 2024 at 10:34 PM.

Pros

Here are some ways that investors could benefit from investing in Parker-Hannifin Co.:

  • Parker-Hannifin Co. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company's focus on motion and control technologies for various markets positions it well for long-term growth and stability.
  • Parker-Hannifin Co.'s diverse product portfolio catering to mobile, industrial, and aerospace markets provides a wide revenue stream.
  • Recent innovations in sealing, shielding, and thermal products have enhanced the company's competitive edge in the industry.
  • With a current stock price that reflects positive market sentiment, investing in Parker-Hannifin Co. could yield favorable returns.

Cons

Investors should be bearish about investing in Parker-Hannifin Co. for these reasons:

  • Market volatility and economic uncertainties could impact Parker-Hannifin Co.'s financial performance and stock value.
  • Intense competition in the motion and control technologies sector may pose challenges for Parker-Hannifin Co.'s market share and profitability.
  • Dependency on the aerospace industry for a significant portion of revenue exposes Parker-Hannifin Co. to risks associated with aerospace market fluctuations.
  • Changes in government regulations related to manufacturing and aerospace industries could affect Parker-Hannifin Co.'s operations and profitability.
  • Investors should carefully monitor the company's debt levels and cash flow to assess its financial health and sustainability in the long run.

PH Stock Analysis - Frequently Asked Questions

Should I buy or sell Parker-Hannifin stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Parker-Hannifin in the last twelve months. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PH shares.
View PH analyst ratings
or view top-rated stocks.

What is Parker-Hannifin's stock price target for 2024?

14 analysts have issued twelve-month price objectives for Parker-Hannifin's shares. Their PH share price targets range from $405.00 to $602.00. On average, they predict the company's share price to reach $504.56 in the next year. This suggests that the stock has a possible downside of 9.6%.
View analysts price targets for PH
or view top-rated stocks among Wall Street analysts.

How have PH shares performed in 2024?

Parker-Hannifin's stock was trading at $460.70 on January 1st, 2024. Since then, PH shares have increased by 21.1% and is now trading at $558.05.
View the best growth stocks for 2024 here
.

When is Parker-Hannifin's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our PH earnings forecast
.

How were Parker-Hannifin's earnings last quarter?

Parker-Hannifin Co. (NYSE:PH) issued its earnings results on Thursday, February, 1st. The industrial products company reported $6.15 EPS for the quarter, topping analysts' consensus estimates of $5.26 by $0.89. The industrial products company earned $4.82 billion during the quarter, compared to analyst estimates of $4.82 billion. Parker-Hannifin had a net margin of 13.28% and a trailing twelve-month return on equity of 29.91%. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the company posted $4.76 EPS.
Read the conference call transcript
.

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

Parker-Hannifin declared a quarterly dividend on Thursday, January 25th. Shareholders of record on Friday, February 9th will be paid a dividend of $1.48 per share on Friday, March 1st. This represents a $5.92 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Thursday, February 8th.
Read our dividend analysis for PH
.

Is Parker-Hannifin a good dividend stock?

Parker-Hannifin (NYSE:PH) pays an annual dividend of $5.92 per share and currently has a dividend yield of 1.08%. The company has been increasing its dividend for 68 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 29.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PH will have a dividend payout ratio of 22.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PH.

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

Parker-Hannifin updated its FY 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share (EPS) guidance of 23.900-24.500 for the period, compared to the consensus EPS estimate of 23.300. The company issued revenue guidance of $19.6 billion-$20.0 billion, compared to the consensus revenue estimate of $19.9 billion.

What is Tom Williams' approval rating as Parker-Hannifin's CEO?

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.

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), NVIDIA (NVDA), Verizon Communications (VZ), Intel (INTC), Micron Technology (MU), Cisco Systems (CSCO), QUALCOMM (QCOM), CVS Health (CVS) and Home Depot (HD).

Who are Parker-Hannifin's major shareholders?

Parker-Hannifin's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.15%), Charles Schwab Investment Management Inc. (1.29%), Nuveen Asset Management LLC (1.16%), Norges Bank (1.12%), Wellington Management Group LLP (0.99%) and Northern Trust Corp (0.99%). Insiders that own company stock include Andrew D Ross, Andrew M Weeks, Andrew M Weeks, Berend Bracht, Erwan Faiveley, James L Wainscott, Joseph Scaminace, Lee C Banks, Linda S Harty, Mark J Hart, Mark T Czaja, Mark T Czaja, Robert W Malone, Thomas C Gentile, Thomas L Williams, Todd M Leombruno and William R Bowman.
View institutional ownership trends
.

How do I buy shares of Parker-Hannifin?

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

Does Parker-Hannifin have any subsidiaries?
The following companies are subsidiares of Parker-Hannifin: Acadia Elastomers Corporation, Acofab, Advanced Products Company, AirTek, Alenco (Holdings) Limited, Altair (UK) Limited, Atenas, Atlantic Tubing, Bayside Controls, Byron Valve, CBL Systems, CLARCOR Inc., Cabett Subsea, Commercial Intertech, Denison International, Domnick Hunter Group, Domnick Hunter Group Limited, EMFCO Holdings Incorporated, Exotic Metals, Exotic Metals Forming Company LLC, 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 (Thailand) Ltd., LORD Asia International Limited, LORD Chemical (Shanghai) Co. Ltd., LORD Corporation, LORD Corporation, LORD Europe B.V., LORD Germany GmbH, LORD India Private Limited, LORD International Trading (Shanghai) Co. Ltd., LORD Italia S.r.l., LORD Japan Inc., LORD Suisse Sarl, LORD Technol Inc., Legris, Lord Holdings (Asia) B.V., Markwel Hose Industries, Micro Thermo Technologies, Mitos Technologies, Olaer Group, Olaer Group Limited, Origa Group, PGI International, Page International, Parker Hannifin (Barbados) SRL, Parker Hannifin (Bermuda) Ltd., Parker Hannifin (Clarcor Filtration) Holding B.V., 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 (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 Bermuda Luxembourg S.C.S., Parker Hannifin CFA LLC, Parker Hannifin EMEA S.a. r.l., Parker Hannifin Filtration Systems Sdn.Bhd., Parker Hannifin France Holding SAS, Parker Hannifin France SAS, Parker Hannifin Holding EMEA S.a.r.l., Parker Hannifin Holding GmbH, Parker Hannifin Holding S. de R.L. de C.V., Parker Hannifin Hydraulics (Shanghai) Co. Ltd., Parker Hannifin Industries Limited, Parker Hannifin Italy S.R.L., Parker Hannifin Japan Holdings GK, Parker Hannifin Lux FinCo S.a.r.l., 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 (UK) Limited, Parker Hannifin Manufacturing Holding Italy srl, Parker Hannifin Netherlands Holdings 2 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 Sweden Holding Co AB, Parker Intangibles LLC, Parker International Capital Management Hungary Limited Liability Company, Parker Italy Holding LLC, Parker Meggitt, Parker Olaer Holdings LLC, Parker Royalty Partnership, Parker Seal de Mexico, Parker-Hannifin International Corp., Parker-Seahawk Acquisitions LLC, Phyre Technologies, Polyflex Schwarz Group, Porter Instrument Company, Power Components of Midwest, PpTek, President Engineering Group, Purolator Facet Inc., 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., Trilogy Systems, VOAC Hydraulics, Vansco Electronics, Velcon Filters, Veriflo, Webb Enterprises, Weifang Parker Hannifin Filtration Products and Systems Co. Ltd., and Wynn's International.
Read More
This page (NYSE:PH) was last updated on 3/28/2024 by MarketBeat.com Staff

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