Parker-Hannifin Corporation (PH) To Go Ex-Dividend on November 13th

by · The Cerbat Gem

Parker-Hannifin Corporation (NYSE:PH – Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Friday, November 13th will be given a dividend of $2.00 per share by the industrial products company on Friday, December 4th. This represents a $8.00 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, November 13th.

Parker-Hannifin has raised its dividend by an average of 0.2% annually over the last three years and has raised its dividend every year for the last 70 years. Parker-Hannifin has a dividend payout ratio of 27.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Parker-Hannifin to earn $40.40 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 19.8%.

Parker-Hannifin Price Performance

NYSE:PH opened at $964.17 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.94 and a quick ratio of 0.55. The firm has a market cap of $121.59 billion, a price-to-earnings ratio of 33.11, a price-to-earnings-growth ratio of 2.26 and a beta of 1.15. The company has a 50 day moving average price of $945.24 and a 200-day moving average price of $949.42. Parker-Hannifin has a 1-year low of $806.22 and a 1-year high of $1,099.94.

Parker-Hannifin (NYSE:PH – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The industrial products company reported $8.90 earnings per share for the quarter, topping analysts’ consensus estimates of $8.21 by $0.69. Parker-Hannifin had a net margin of 16.62% and a return on equity of 28.80%. The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.81 billion. During the same quarter in the prior year, the firm posted $7.22 earnings per share. The company’s revenue was up 17.9% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 36.450-37.250 EPS. Equities research analysts forecast that Parker-Hannifin will post 37.04 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PH. Deutsche Bank Aktiengesellschaft boosted their price objective on Parker-Hannifin from $998.00 to $1,023.00 and gave the company a “hold” rating in a research report on Wednesday, September 30th. UBS Group set a $950.00 target price on Parker-Hannifin in a research report on Wednesday, October 14th. Stifel Nicolaus set a $1,002.00 price target on shares of Parker-Hannifin in a research note on Monday, October 19th. Wells Fargo & Company assumed coverage on shares of Parker-Hannifin in a report on Thursday, September 24th. They issued an “equal weight” rating and a $1,050.00 price target for the company. Finally, Raymond James Financial upped their price objective on shares of Parker-Hannifin from $1,050.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Eighteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,146.35.

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About Parker-Hannifin

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Parker-Hannifin is a global manufacturer of motion and control technologies. Its products include hydraulic and pneumatic systems, fluid connectors, filtration and sealing products, electromechanical components, and systems for aerospace and climate control applications. The company serves customers across industries such as aerospace, manufacturing, transportation, energy, and life sciences. Its operations span markets around the world, with businesses organized around industrial and aerospace products and services.

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