How to Buy Parker Hannifin Stock
Parker Hannifin Corp
Parker Hannifin is a specialty industrial machinery company located in Ohio, United States, which is part of the Industrials sector, and is traded under the ticker PH on the NYSE exchange.
Parker Hannifin stock last closed at $324.66, up 1.18% from the previous day, and has increased 13.25% in one year. It has overperformed other stocks in the Specialty Industrial Machinery industry by 0.18 percentage points. Parker Hannifin stock is currently +40.89% from its 52-week low of $230.44, and -10.95% from its 52-week high of $364.57.
There are currently 128.27M PH shares outstanding. The market cap of PH is $41.64B. In the past 24 hours, 693,199 PH shares were traded.
How to Buy Parker Hannifin Stock
Not sure how to invest in Parker Hannifin stock? Here's how.
- Figure out where to buy Parker Hannifin stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you decide where to buy Parker Hannifin stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Pick your payment method and add your details.
- Analyze Parker Hannifin stock: The Parker Hannifin ticker symbol is PH. Is Parker Hannifin stock a good investment? Should you buy shares of PH? How do PH's underlying business fundamentals look? Do top analysts think Parker Hannifin is a good buy? Why has PH's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if PH is a good stock to buy).
- Execute your PH trade: Decide if you will purchase PH shares at the current market price or use a limit order to buy PH shares at a given price.
- Keep tabs on your PH position: Create a watchlist to keep tabs on your new investment in Parker Hannifin shares.
Step 1: Figure out where to buy Parker Hannifin stock
You need a brokerage account to access the NYSE market and buy PH stock.
Our favorite brokerage: eToro
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- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the right brokerage, you'll need to fill out some personal details so you are able to invest in PH today.
How to Open a New Investment Account on eToro
- Click here to get started.
- Input your personal info to start your new trading account.
- Send your information by pressing the "Create Account" button.
Step 3: Fund your investment account
Now that you've finished signing up on the best stock market app for beginners, you need to deposit funds:
Watch the tutorial below to see the process of depositing money into your new investment account.
Step 4: Analyze Parker Hannifin stock
Once you have identified the best place to buy Parker Hannifin stock, it's very important to research their stock before you invest, so you truly wrap your head around the risk and upside.
Parker Hannifin Metrics
PH Fundamentals
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on PH's stock page.
Is PH stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PH's intrinsic value.
Using relative valuations methods:
- PH could be undervalued based on its P/E ratio of 33.06x, relative to Specialty Industrial Machinery industry P/E ratio of -134.89x
- PH may be overvalued based on its P/B ratio of 4.47x, relative to Specialty Industrial Machinery industry P/B ratio of 4.26x
- PH could be overvalued based on its PEG ratio of 5.38x
You can access more valuation research on PH's stock here.
PH Financial Health Overview
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the PH balance sheet.
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the PH balance sheet.
- PH has a relatively high debt to equity ratio of 2.27.
- Total PH debt is higher than 5 years ago, relative to shareholder equity.
- PH earnings of $1.97B is not sufficient to cover its interest payments.
- PH's operating cash flow of $2.51B allows it to safely service it's debt of $14.02B.
- PH profit margin has gone down from 11.9% to 7.3% in the past year.
Do Wall Street analysts think it's a good time to buy PH stock
Out of 10 Equities analysts who give forecasts on PH, the consensus analyst rating on Parker Hannifin is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent PH Analyst Forecasts
John Joyner, a bottom 40% analyst from BMO Capital maintains PH with a buy rating and raises their PH price target from $380.00 to $390.00, on Mar 6, 2023.
Timothy Thein, a top 6% analyst from Citigroup maintains PH with a hold rating and raises their PH price target from $320.00 to $360.00, on Feb 7, 2023.
Julian Mitchell, a top 3% analyst from Barclays maintains PH with a strong buy rating and raises their PH price target from $343.00 to $400.00, on Feb 6, 2023.
Jamie Cook, a bottom 3% analyst from Credit Suisse maintains PH with a buy rating and raises their PH price target from $417.00 to $446.00, on Feb 3, 2023.
Joshua Pokrzywinski, a top 5% analyst from Morgan Stanley maintains PH with a hold rating and raises their PH price target from $311.00 to $374.00, on Feb 3, 2023.
You can dig deeper into what analysts are saying on the Parker Hannifin stock forecast page.
Metrics for Advanced PH Traders
PH Growth Metrics
Last year, PH earnings were $1.26B. Over the past 5 year, PH's earnings have increased by 8.44% per year. This was slower than the Specialty Industrial Machinery industry average of 14.5%.
Last year, PH revenue was $17.18B. Over the past 5 year, PH's revenue has increased by 5.18% per year. This was faster than the Specialty Industrial Machinery industry average of 3.12%.
You can research PH's earnings and revenue performance here.
Latest Insiders Trades at PH
In the last 12 months, executives and large shareholders at PH have sold more shares than they have bought.
Thomas L. Williams, Executive Chairman of PH, was the latest PH insider to sell. They sold $13,434,497.74 worth of PH stock on Feb 13, 2023.
Research more about who owns PH shares here.
Does PH provide a stable income stream?
Parker Hannifin pays a dividend of 2.05%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.5%. If you owned $1,000 of PH stock, you would have received $20.48 last year.
Parker Hannifin dividend payments have consistently grown over the past decade and have remained stable.
Find more data about Parker Hannifin dividend yield and history here.
What others are saying about PH
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your PH trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, place a limit order.
Press the Open Trade button and eToro will execute the order.
If you want more help investing in stocks on eToro, click the how to video below:
Step 6: Keep tabs on your PH position
Now that you own some PH shares, you'll want to stay up-to-date on your investment.
Start a watchlist to monitor your PH stock.
PH Feed
How to Buy Stock in Parker Hannifin
To reiterate, here are the 6 steps to buy stock in Parker Hannifin:
- Figure out where to buy Parker Hannifin stock
- Create your brokerage account
- Fund your investment account
- Analyze Parker Hannifin stock
- Execute your PH trade
- Keep tabs on your PH position
If you need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Parker Hannifin, click below.
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