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Why We Think Parker-Hannifin Corporation (NYSE:PH) Could Be Worth Looking At

Alexis Guardo

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Building up an investment case requires looking at a stock holistically. Today I’ve chosen to put the spotlight on Parker-Hannifin Corporation (NYSE:PH) due to its excellent fundamentals in more than one area. PH is a highly-regarded dividend payer with a a strong track record of delivering benchmark-beating performance. Below is a brief commentary on these key aspects. For those interested in digger a bit deeper into my commentary, take a look at the report on Parker-Hannifin here.

Outstanding track record established dividend payer

In the previous year, PH has ramped up its bottom line by 61%, with its latest earnings level surpassing its average level over the last five years. This illustrates a strong track record, leading to a satisfying return on equity of 24%. which paints a buoyant picture for the company.

NYSE:PH Income Statement Export February 20th 19

Income investors would also be happy to know that PH is a great dividend company, with a current yield standing at 1.8%. PH has also been regularly increasing its dividend payments to shareholders over the past decade.

NYSE:PH Historical Dividend Yield February 20th 19

Next Steps:

For Parker-Hannifin, I’ve compiled three key factors you should further examine:

  1. Future Outlook: What are well-informed industry analysts predicting for PH’s future growth? Take a look at our free research report of analyst consensus for PH’s outlook.
  2. Financial Health: Are PH’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of PH? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.