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

12 Wall Street 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 research analysts is that investors should "moderate buy" PH shares.
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12 brokers have issued 1 year price objectives for Parker-Hannifin's stock. Their PH share price forecasts range from $344.00 to $470.00. On average, they predict the company's stock price to reach $434.57 in the next twelve months. This suggests a possible upside of 4.3% from the stock's current price.
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Parker-Hannifin's stock was trading at $291.00 at the start of the year. Since then, PH shares have increased by 43.1% and is now trading at $416.51.
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Parker-Hannifin saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,450,000 shares, an increase of 16.0% from the June 30th total of 1,250,000 shares. Based on an average trading volume of 803,000 shares, the short-interest ratio is currently 1.8 days. Currently, 1.1% of the shares of the stock are short sold.
View Parker-Hannifin's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our PH earnings forecast.

Parker-Hannifin Co. (NYSE:PH) released its quarterly earnings data on Thursday, August, 3rd. The industrial products company reported $6.08 EPS for the quarter, topping analysts' consensus estimates of $5.48 by $0.60. The industrial products company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.01 billion. Parker-Hannifin had a net margin of 10.93% and a trailing twelve-month return on equity of 29.26%. The business's quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.16 EPS.
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Parker-Hannifin announced 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 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, May 11th. This is a boost 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 IQ Winslow Focused Large Cap Growth ETF (IWFG), Invesco DWA Industrials Momentum ETF (PRN), Global X U.S. Infrastructure Development ETF (PAVE), Burney U.S. Factor Rotation ETF (BRNY), Invesco Aerospace & Defense ETF (PPA), Tema American Reshoring ETF (RSHO), Mohr Growth ETF (MOHR) and SEI Large Cap Momentum Factor ETF (SEIM).

Parker-Hannifin (NYSE:PH) pays an annual dividend of $5.92 per share and currently has a dividend yield of 1.42%. 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 37.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PH will have a dividend payout ratio of 23.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PH.

Parker-Hannifin issued an update on its FY 2024 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $21.90-$22.90 for the period, compared to the consensus earnings per share estimate of $22.26. The company issued revenue guidance of $19.64 billion-$20.21 billion, compared to the consensus revenue estimate of $19.95 billion.

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 shareholders include BlackRock Inc. (6.42%), JPMorgan Chase & Co. (2.48%), Geode Capital Management LLC (2.10%), Charles Schwab Investment Management Inc. (1.35%), Northern Trust Corp (0.99%) and Franklin Resources Inc. (0.97%). 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, Linda S Harty, Mark J Hart, Mark T Czaja, Mark T Czaja, Martin C Maxwell, Robert W Malone, Roger S Sherrard, Thomas C Gentile, 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 $416.51.

Parker-Hannifin (NYSE:PH) has a market capitalization of $53.48 billion and generates $19.07 billion in revenue each year. The industrial products company earns $2.08 billion in net income (profit) each year or $16.00 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.