Parker-Hannifin Corp

Parker-Hannifin Corp Stock Forecast & Price Prediction

Live Parker-Hannifin Corp Stock (PH) Price
$709.46

20

Ratings

  • Buy 13
  • Hold 7
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$709.46

P/E Ratio

31.94

Volume Traded Today

$2.0M

Dividend

$1.63

52 Week High/low

709.63/410.86

Parker-Hannifin Corp Market Cap

$91.32B

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PH Summary

From what 20 stock analysts predict, the share price for Parker-Hannifin Corp (PH) might decrease by 2.84% in the next year. This is based on a 12-month average estimation for PH. Price targets go from $493 to $788. The majority of stock analysts believe PH is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

PH Analyst Ratings

About 20 Wall Street analysts have assignedPH 13 buy ratings, 7 hold ratings, and 0 sell ratings. This means that analysts expect Parker-Hannifin Corp to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on PH. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

PH stock forecast by analyst

These are the latest 20 analyst ratings of PH.

Analyst/Firm

Rating

Price Target

Change

Date

John Eade
Argus Research

Buy

$710

Maintains

Nov 5, 2024
Mircea Dobre
Baird

Outperform

$710

Maintains

Nov 1, 2024
Brett Linzey
Mizuho

Outperform

$715

Maintains

Oct 17, 2024
Jeffrey Hammond
Keybanc

Overweight

$725

Maintains

Oct 14, 2024
Jamie Cook
Truist Securities

Buy

$788

Maintains

Oct 9, 2024
Joseph O'Dea
Wells Fargo

Overweight

$710

Maintains

Oct 7, 2024
Nathan Jones
Stifel

Buy

$691

Maintains

Oct 2, 2024
Julian Mitchell
Barclays

Overweight

$703

Maintains

Oct 2, 2024
Joseph Giordano
TD Cowen

Hold

$520

Maintains

Sep 11, 2024
Tim Thein
Raymond James

Outperform

$650

Maintains

Sep 4, 2024
David Raso
Evercore ISI Group

Outperform

$656

Maintains

Aug 19, 2024
Jamie Cook
Truist Securities

Buy

$673

Reiterates

Aug 9, 2024
Joseph O'Dea
Wells Fargo

Overweight

$640

Maintains

Aug 9, 2024
Nicole Deblase
Deutsche Bank

Buy

$645

Maintains

Aug 9, 2024
Mircea Dobre
Baird

Outperform

$654

Maintains

Aug 9, 2024
Nathan Jones
Stifel

Buy

$613

Maintains

Jul 18, 2024
Joseph O'Dea
Wells Fargo

Overweight

$600

Maintains

Jul 10, 2024
Nathan Jones
Stifel

Buy

$629

Maintains

Jul 2, 2024
Jamie Cook
Truist Securities

Buy

$621

Maintains

Jul 2, 2024
Tim Thein
Raymond James

Outperform

$610

Initiates

Jun 28, 2024

PH Company Information

What They Do: Manufactures motion and control technologies globally.

Business Model: The company operates through two segments: Diversified Industrial and Aerospace Systems. It generates revenue by selling a wide range of motion-control systems and components, as well as aerospace products to original equipment manufacturers, distributors, and direct-sales employees.

Other Information: Founded in 1917 and headquartered in Cleveland, Ohio, Parker-Hannifin Corporation serves various markets, including mobile, industrial, and aerospace, providing innovative solutions in vibration control, fluid management, and power systems.
PH
Parker-Hannifin Corp (PH)

When did it IPO

1985

Staff Count

61,120

Country

United States

Sector/Industry

Industrials/Specialty Industrial Machinery

CEO

Ms. Jennifer A. Parmentier

Market Cap

$91.32B

Parker-Hannifin Corp (PH) Financial Data

In 2023, PH generated $19.07B in revenue, which was a increase of 20.20% from the previous year. This can be seen as a signal that PH's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

N/A

Revenue From 2021

$14.35B

0.00 %
From Previous Year

Revenue From 2022

$15.86B

10.55 %
From Previous Year

Revenue From 2023

$19.07B

20.20 %
From Previous Year
  • Revenue TTM $19.99B
  • Operating Margin TTM 19.5%
  • Gross profit TTM $7.13B
  • Return on assets TTM 8.6%
  • Return on equity TTM 24.6%
  • Profit Margin 14.5%
  • Book Value Per Share 100.20%
  • Market capitalisation $91.32B
  • Revenue for 2021 $14.35B
  • Revenue for 2022 $15.86B
  • Revenue for 2023 $19.07B
  • EPS this year (TTM) $22.21

Parker-Hannifin Corp (PH) Latest News

News Image

Wed, 06 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Parker Hannifin Corporation (NYSE: PH) will present at the Robert W. Baird Global Industrial Conference in Chicago on November 13, 2024, at 10:50 a.m. CT.

Why It Matters - Parker Hannifin's presentation at a key industrial conference may signal strategic insights or updates, potentially influencing stock performance and investor sentiment.

News Image

Mon, 04 Nov 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Parker Hannifin has completed the divestiture of its North America Composites and Fuel Containment Division to SK Capital Partners, enhancing its focus on core operations.

Why It Matters - Parker Hannifin's divestiture of its CFC Division may enhance focus on core operations, potentially improving profitability and investor sentiment, impacting stock performance.

News Image

Mon, 04 Nov 2024

Sentiment - NEUTRAL

Source - Business Wire

Summary - SK Capital has acquired the North America Composites & Fuel Containment Division from Parker Hannifin, rebranding it as Axillon Aerospace.

Why It Matters - The acquisition signals potential growth opportunities and strategic shifts in the aerospace sector, impacting market dynamics and investor interest in involved companies.

News Image

Thu, 31 Oct 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - Parker-Hannifin Corporation will hold its Q1 2025 Earnings Conference Call on October 31, 2024, at 11:00 AM ET, featuring key executives and financial analysts.

Why It Matters - The earnings call provides insights into Parker-Hannifin's financial performance, strategic direction, and market outlook, influencing investor sentiment and stock valuation.

News Image

Thu, 31 Oct 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - The company reported record sales, segment operating margin, and earnings per share (EPS), with an increased EPS outlook.

Why It Matters - Record sales and increased EPS outlook indicate strong company performance, potentially driving stock prices up and attracting investor interest.

News Image

Thu, 31 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Parker-Hannifin reported quarterly earnings of $6.20 per share, surpassing the Zacks Consensus Estimate of $6.13 and up from $5.96 per share year-over-year.

Why It Matters - Parker-Hannifin's earnings beat expectations and show year-over-year growth, indicating strong financial performance that could boost investor confidence and stock price.

...

PH Frequently asked questions

The highest forecasted price for PH is $788 from Jamie Cook at Truist Securities.

The lowest forecasted price for PH is $493 from from

The PH analyst ratings consensus are 13 buy ratings, 7 hold ratings, and 0 sell ratings.