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 $558.05, up 1.62% from the previous day, and has increased 71.89% in one year. It has overperformed other stocks in the Specialty Industrial Machinery industry by 0.38 percentage points. Parker Hannifin stock is currently +81.03% from its 52-week low of $308.26, and -0.55% from its 52-week high of $561.13.
There are currently 128.41M PH shares outstanding. The market cap of PH is $71.66B. In the past 24 hours, 516,221 PH shares were traded.
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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.
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You can view all of the due diligence checks on PH's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PH's intrinsic value.
Using relative valuations methods:
You can access additional valuation research on PH's stock here.
Out of 10 sell side analysts who give recommendations on PH, the consensus analyst rating on Parker Hannifin is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Jeffrey Hammond, a top 7% analyst from KeyBanc maintains PH with a strong buy rating and raises their PH price target from $500.00 to $575.00, on Feb 2, 2024.
KeyBanc's Jeffrey Hammond raised their price target on Parker Hannifin (NYSE: PH) by 15% from $500 to $575 on 2024/02/02. The analyst maintained their Strong Buy rating on the stock.
After reviewing Parker Hannifin's (2024/02/01-dated) Q2 2024 print, the analyst said they were "impressed by the apparent strength in Aerospace and strong margin execution amid a choppy Industrial backdrop."
For Q2 2024, Parker-Hannifin reported:
Management guided for FY 2024:
Chairman & Chief Executive Officer Jenny Parmentier commented: “We continue to produce exceptional results that reflect the strength of our portfolio and our ability to execute at a high level, underpinned by our business system, The Win Strategy™.”
“Our adjusted operating margin increased by 300 bps Y/Y, as we saw meaningful margin improvement in every segment.
“Strong aerospace and defense results, including synergies from the Meggitt acquisition, were a key driver of performance in the quarter.
“We are increasing our outlook for FY 2024 and expect another year of record performance.
“We will continue to stay focused on executing the Win Strategy and leveraging the growth in aerospace markets.”
Joe Ritchie, a top 8% analyst from Goldman Sachs maintains PH with a strong buy rating and maintains their PH price target from $551.00 to $551.00, on Jan 2, 2024.
Joe O'Dea, a top 18% analyst from Wells Fargo maintains PH with a strong buy rating and raises their PH price target from $450.00 to $510.00, on Dec 19, 2023.
Nicole Deblase, a top 4% analyst from Deutsche Bank upgrades PH to a strong buy rating and raises their PH price target from $462.00 to $506.00, on Nov 9, 2023.
Andrew Obin, a top 13% analyst from Bank of America upgrades PH to a strong buy rating and raises their PH price target from $435.00 to $475.00, on Oct 5, 2023.
You can dig deeper into what analysts are projecting on the Parker Hannifin stock forecast page.
Last year, PH earnings were $2.63B. During the past 5 year, PH's earnings have grown by 14.03% per year. This was slower than the Specialty Industrial Machinery industry average of 25.83%.
Last year, PH revenue was $19.83B. During the past 5 year, PH's revenue has grown by 6.43% per year. This was faster than the Specialty Industrial Machinery industry average of 3.55%.
You can research PH's earnings and revenue performance here.
Over the past year, insiders at PH have sold more shares than they have bought.
Rachid Bendali, VP Pres.- Eng. Mat. Grp. of PH, was the latest PH insider to sell. They sold $122,146.10 worth of PH shares on Feb 24, 2024.
Get more info about who owns PH stock here.
Parker Hannifin pays a dividend of 1.06%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.24%. If you owned $1,000 worth of PH stock, you would have received $10.61 last year.
Parker Hannifin dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Parker Hannifin dividend yield and history here.
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