Parker-Hannifin Corporation (NYSE:PH) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $9.10-9.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.15.
Shares of Parker-Hannifin Corporation (NYSE PH) opened at $182.23 on Monday. Parker-Hannifin Corporation has a fifty-two week low of $134.03 and a fifty-two week high of $189.83. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $24,277.79, a PE ratio of 20.92, a P/E/G ratio of 1.64 and a beta of 1.40.
Parker-Hannifin Corporation (NYSE:PH) last posted its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.22. The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Parker-Hannifin Corporation had a return on equity of 23.61% and a net margin of 8.37%. Parker-Hannifin Corporation’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 earnings per share. equities analysts expect that Parker-Hannifin Corporation will post 9.55 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Thursday, November 9th. Parker-Hannifin Corporation’s dividend payout ratio is presently 33.93%.
PH has been the topic of several recent research reports. Cowen and Company reissued a hold rating and set a $140.00 price objective on shares of Parker-Hannifin Corporation in a report on Friday, October 6th. Zacks Investment Research raised Parker-Hannifin Corporation from a hold rating to a buy rating and set a $208.00 target price for the company in a research report on Tuesday, November 7th. Robert W. Baird lifted their price objective on Parker-Hannifin Corporation from $183.00 to $194.00 and gave the stock a neutral rating in a research report on Friday, November 3rd. BMO Capital Markets boosted their target price on Parker-Hannifin Corporation from $200.00 to $205.00 and gave the company an outperform rating in a research report on Monday, November 6th. Finally, BidaskClub downgraded Parker-Hannifin Corporation from a buy rating to a hold rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $188.37.
In related news, COO Lee C. Banks sold 5,286 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $186.38, for a total value of $985,204.68. Following the sale, the chief operating officer now owns 112,808 shares in the company, valued at $21,025,155.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Scaminace sold 500 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $158.35, for a total transaction of $79,175.00. The disclosure for this sale can be found here. Insiders have sold 11,215 shares of company stock valued at $1,964,758 in the last ninety days. Insiders own 1.12% of the company’s stock.
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Parker-Hannifin Corporation Company Profile
Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment.
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