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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 $504.16, down 0.75% from the previous day, and has increased 34.71% in one year. It has overperformed other stocks in the Specialty Industrial Machinery industry by 0.22 percentage points. Parker Hannifin stock is currently +39.08% from its 52-week low of $362.49, and -11.57% from its 52-week high of $570.15.

There are currently 128.54M PH shares outstanding. The market cap of PH is $64.81B. In the past 24 hours, 879,088 PH shares were traded.

How to Buy Parker Hannifin Stock

Not sure how to invest in Parker Hannifin stock? Here's how.
  1. 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.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Fund your investment account: Pick your payment method and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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.

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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 Price
$504.16
1w %
0.17%
1y %
34.71%
5y %
194.76%
P/E
23.39x
P/B
5.59x
P/S
3.27x
PEG
2.33x
Revenue
$19.84B
Earnings
$2.77B
Fore. Rev. Growth
3.27%
Fore. Earn. Growth
10.05%
Market Cap
$64.81B
Next Earnings
Aug 8, 2024
Next Dividend
N/A

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 23.39x, relative to Specialty Industrial Machinery industry P/E ratio of 26.44x
  • PH may be overvalued based on its P/B ratio of 5.59x, relative to Specialty Industrial Machinery industry P/B ratio of 5.04x
  • PH could be overvalued based on its PEG ratio of 2.33x

You can access more valuation research on PH's stock here.

PH Financial Health Overview

Positive Health Checks:

  • Total PH debt is lower than 5 years ago, relative to shareholder equity.
  • PH's operating cash flow of $3.33B allows it to safely service it's debt of $11.37B.
  • PH earnings of $4.06B is not sufficient to cover its interest payments.
  • PH profit margin has gone up from 8.3% to 14% in the past year.

Negative Health Checks:

  • There are more long-term liabilities than short-term assets on the PH balance sheet.
  • There are more short-term liabilities than short-term assets on the PH balance sheet.
  • PH has a relatively high debt to equity ratio of 1.55.

Do Wall Street analysts think it's a good time to buy PH stock

Out of 11 Equities analysts who give forecasts on PH, the consensus analyst rating on Parker Hannifin is a Strong Buy

It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.

Most Recent PH Analyst Forecasts

Joseph O'Dea, a top 24% analyst from Wells Fargo maintains PH with a strong buy rating and lowers their PH price target from $640.00 to $630.00, on May 6, 2024.

Jeffrey Hammond, a top 9% analyst from KeyBanc maintains PH with a strong buy rating and raises their PH price target from $575.00 to $640.00, on Apr 11, 2024.

KeyBanc's Jeffrey Hammond raised their price target on Parker Hannifin (NYSE: PH) by 11.3% from $575 to $640 on 2024/04/11. The analyst maintained their Strong Buy rating on the stock.

Hammond explained that their price target move was made to reflect "incremental confidence in Parker Hannifin's sustained strong execution and organic/inorganic portfolio enhancements."

Nathan Jones, a top 2% analyst from Stifel Nicolaus maintains PH with a strong buy rating and raises their PH price target from $588.00 to $629.00, on Apr 3, 2024.

Joseph Giordano, a top 18% analyst from TD Cowen upgrades PH to a hold rating and raises their PH price target from $300.00 to $500.00, on Mar 1, 2024.

David Raso, a top 17% analyst from Evercore ISI Group maintains PH with a buy rating and raises their PH price target from $505.00 to $590.00, on Feb 20, 2024.

You can dig deeper into what analysts are saying on the Parker Hannifin stock forecast page.

Metrics for Advanced PH Traders

SMA10
515.53
SMA20
519.07
SMA50
535.88
SMA100
534.53
SMA200
477.94
MACD
-8.5
MACD Signal
-7.31
MACD Histogram
-1.18
RSI
37.78
Stochastic %K
29.2
Stochastic %D
28.87
StochRSI %K
28.24
StochRSI %D
26.78

PH Growth Metrics

Last year, PH earnings were $2.77B. Over the past 5 year, PH's earnings have increased by 14.21% per year. This was faster than the Specialty Industrial Machinery industry average of -0.25%.

Last year, PH revenue was $19.84B. Over the past 5 year, PH's revenue has increased by 6.53% per year. This was faster than the Specialty Industrial Machinery industry average of 3.9%.

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.

Berend Bracht, VP Pres.- Motion Sys. Grp. of PH, was the latest PH insider to sell. They sold $592,209.15 worth of PH stock on May 6, 2024.

Research more about who owns PH shares here.

Does PH provide a stable income stream?

Parker Hannifin pays a dividend of 1.2%, compared to the Specialty Industrial Machinery industry's average dividend yield of 1.28%. If you owned $1,000 of PH stock, you would have received $12.04 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.

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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:

  1. Figure out where to buy Parker Hannifin stock
  2. Create your brokerage account
  3. Fund your investment account
  4. Analyze Parker Hannifin stock
  5. Execute your PH trade
  6. Keep tabs on your PH position

If you need a brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get notifications regarding your investment in Parker Hannifin, click below.

NYSE: PH
$504.16-3.83 (-0.75%)
Updated Jun 21, 2024
Open eToro Account
NYSE: PH
$504.16-3.83 (-0.75%)
Updated Jun 21, 2024
Open eToro Account

FAQ

How much does it cost to buy one Parker Hannifin share?

As of Jun 21, 2024, it costs $504.16 to buy one share of Parker Hannifin stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.198 shares of PH.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Parker Hannifin stock?

According to 11 Wall Street analysts who monitor Parker Hannifin, their consensus recommendation is to buy Parker Hannifin stock.

What is the best way to buy Parker Hannifin stock?

One way to place an order for Parker Hannifin stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.