Parker-Hannifin Corporation (PH)
- Previous Close
538.09 - Open
540.77 - Bid --
- Ask --
- Day's Range
531.78 - 543.29 - 52 Week Range
309.89 - 570.15 - Volume
545,281 - Avg. Volume
603,972 - Market Cap (intraday)
68.655B - Beta (5Y Monthly) 1.52
- PE Ratio (TTM)
26.43 - EPS (TTM)
20.23 - Earnings Date May 2, 2024
- Forward Dividend & Yield 5.92 (1.10%)
- Ex-Dividend Date Feb 8, 2024
- 1y Target Est
587.13
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.
www.phstock.comRecent News: PH
Performance Overview: PH
Trailing total returns as of 4/19/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: PH
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Statistics: PH
Valuation Measures
Market Cap
69.10B
Enterprise Value
80.49B
Trailing P/E
26.59
Forward P/E
20.37
PEG Ratio (5yr expected)
2.21
Price/Sales (ttm)
3.53
Price/Book (mrq)
6.11
Enterprise Value/Revenue
4.06
Enterprise Value/EBITDA
16.69
Financial Highlights
Profitability and Income Statement
Profit Margin
13.28%
Return on Assets (ttm)
8.41%
Return on Equity (ttm)
25.51%
Revenue (ttm)
19.83B
Net Income Avi to Common (ttm)
2.63B
Diluted EPS (ttm)
20.23
Balance Sheet and Cash Flow
Total Cash (mrq)
393.87M
Total Debt/Equity (mrq)
104.22%
Levered Free Cash Flow (ttm)
3.22B
Research Analysis: PH
Analyst Price Targets
Fair Value
Analyst Recommendations
- Strong Buy
- Buy
- Hold
- Underperform
- Sell
Earnings
Research Reports: PH
Weekly Stock List
Management's ability to "raise guidance" can often be a catalyst for market-beating returns in the quarters ahead. The fourth-quarter earnings season has crossed the 95% mark and is wrapping up, with blended earnings (actual results and the consensus for those still to report) showing a year-over-year gain of almost 10%, according to Refinitiv. That is considerably better than the 4%-7% advance expected at the start of the earnings period. Leading the outperformance were strong gains in Communication Services earnings, up 53%. On the flipside, Energy (like last quarter) is performing the worst, down 22%. Our analysts are always on the lookout for companies that boost their outlooks during earnings season. Here is an initial list of BUY-rated companies in Argus' Fundamental Universe of Coverage at which management raised guidance or increased its outlook during the 4Q23 EPS reporting season.
Daily Spotlight: Argus' Favored Asset Classes & Sectors
We have three strategic asset allocation models, based on risk-tolerance levels: Conservative, Moderate, and Aggressive. We make regular tactical adjustments to the models, based on our outlooks for the capital markets. January was a solid month for equity investors, as the S&P 500 advanced 1.6%, compared to a 0.1% increase for the fixed-income benchmark ETF AGG. From an asset-allocation standpoint, our Stock-Bond Barometer model slightly favors stocks over bonds for long-term portfolios, in light of the recent sharp decline in bond yields. Drilling down into equities, we are over-weight on large-caps. We favor large-caps for growth exposure and financial strength, while small-caps are selling at historical discounts relative to large-caps and offer value. Moving to the international arena, U.S. stocks have outperformed global stocks over the trailing one- and five-year periods. In terms of growth versus value, we anticipate that over the long term, growth, led by the Tech, Consumer, and Healthcare sectors, will top returns from value, led by Energy, Real Estate, and Materials, due to favorable secular and demographic trends. As for the fixed-income segment of a portfolio, we break bonds into four areas: Core, such as the industry benchmark ETF AGG or Treasuries; Inflation-Indexed; Opportunistic, such as securitized debt, corporate debt, high-yield or floating bonds; and Cash. Of these, we are focused on Core and Opportunistic. On duration, we recommend a shorter term. Last are Alternatives. Given the early stage of the current bull market, we think Alternatives are less desirable in the growth portion of our asset-allocation models. Our recommended weighting is 0%-2%.
Analyst Report: Parker-Hannifin Corp.
Parker-Hannifin manufactures motion and control technologies and systems that are used to control fluids, gas, or air in hydraulic, pneumatic and vacuum applications. It sells its products to aerospace, commercial, and industrial customers, who use them to move materials and operate machines and vehicles. The company employs approximately 63,000 people. PH shares are a component of the S&P 500.
RatingBullishPrice TargetMarket Digest: AAPL, CLS, EQR, GSK, TT, KMB, PH, DEO
Stocks closed higher on Thursday as investors digested new economic data. The January ISM Manufacturing PMI index registered a reading of 49.1, up from 47.1 in December, with growth in new orders, production, and prices, while backlogs, employment and inventories contracted. The S&P Global's reading of 50.7 is up from 47.9 in December, with an increase in new orders, and both input and output prices and employment increased fractionally. U.S. construction spending rose 0.9% in December, following a 0.4% increase in November. Meta Platforms (META) reported after the close and was up more than 14% within an hour after releasing results. Likewise, Amazon.com (AMZN) rose nearly 13%. The S&P 500 closed up 1.3%, the Dow 0.1% and the Nasdaq gained 1.3%. Crude oil fell to just below $73 per barrel, while gold was up $5 to $2072 per ounce.