Parker-Hannifin
PH

$554.61

1.74%

Market Cap: 71.3B

About: Parker Hannifin is an industrial conglomerate operating through two segments: diversified industrial, which serves a variety of end markets, and aerospace systems, which sells engine and actuation components. The diversified industrial segment consists of six groups, including engineered materials (sealing devices), filtration (filters and systems monitoring and removing contaminants from liquids and gases), fluid connectors (valves, couplings, and other fittings), instrumentation (flow manufacturing components and fluid control applications), and motion systems (hydraulic, pneumatic, and electromechanical components in industrial machinery and equipment). The segment boasts 17,100 independent distributors, and about 40% of its business occurs outside the United States.

Employees: 62,730

Consumer Discretionary Miscellaneous Fabricated Metal Products

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 23 analysts

0

News positive %

of 5 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

118% more first-time investments, than exits

New positions opened: 185 | Existing positions closed: 85

37% more funds holding in top 10

Funds holding in top 10: 30 [Q4 2023] → 41 (+11) [Q1 2024]

18% more capital invested

Capital invested by funds: $48.7B [Q4 2023] → $57.7B (+$9B) [Q1 2024]

8% more funds holding

Funds holding: 1,281 [Q4 2023] → 1,381 (+100) [Q1 2024]

2.56% more ownership

Funds ownership: 78.52% [Q4 2023] → 81.08% (+2.56%) [Q1 2024]

8% more call options, than puts

Call options by funds: $288M | Put options by funds: $267M

4% more repeat investments, than reductions

Existing positions increased: 502 | Existing positions reduced: 482

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Research analyst outlook

23 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$500

10%

downside

Avg. target

$604

9%

upside

High target

$650

17%

upside

23 analyst ratings

21 positive

91%

2 neutral

9%

0 negative

0%

Stifel Nathan Jones	11%upside $613	Buy Maintained	18 Jul 2024
Wells Fargo Joseph O'Dea	8%upside $600	Overweight Maintained	10 Jul 2024
Stifel Nathan Jones	13%upside $629	Buy Maintained	2 Jul 2024
Truist Securities Jamie Cook	12%upside $621	Buy Maintained	2 Jul 2024
Raymond James Tim Thein	10%upside $610	Outperform Initiated	28 Jun 2024

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about PH published over the past 30 days

The Motley Fool

10 Best Dividend Growth Stocks to Buy and Hold Forever

These blue-chip companies have demonstrated strong dividend growth rates ranging from 7.69% to 15.8% annually over the past five years. The list includes diverse sectors such as retail, healthcare, technology, and finance, offering potential for portfolio diversification.

10 Best Dividend Growth Stocks to Buy and Hold Forever

Zacks Investment Research

Here's Why You Should Hold on to Parker-Hannifin (PH) Now

Parker-Hannifin (PH) is poised to gain from business strength, acquisitions and shareholder-friendly moves. However, challenging conditions in off-highway and transportation markets remain a concern.

Here's Why You Should Hold on to Parker-Hannifin (PH) Now

Parker Elects E. Jean Savage to its Board of Directors

CLEVELAND, July 10, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced the election of E. Jean Savage to its Board of Directors, effective July 10, 2024.

Parker Elects E. Jean Savage to its Board of Directors

Cash Flow Alert: 3 Stocks That Just Raised Their Dividends

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Cash Flow Alert: 3 Stocks That Just Raised Their Dividends

Aircraft Seals Market Companies Projected to Show Strong Growth | SKF (Sweden) and Parker Hannifin (US) are the Key Players

Chicago, June 28, 2024 (GLOBE NEWSWIRE) -- The Aircraft Seals Market Size is projected to grow from USD 3.1 Billion in 2023 to USD 3.8 Billion by 2028, at a CAGR of 4.1% from 2023 to 2028. Aircraft seals are in responsible for keeping fluids, gases, and other media contained within an aircraft's numerous systems.

Aircraft Seals Market Companies Projected to Show Strong Growth | SKF (Sweden) and Parker Hannifin (US) are the Key Players

Kaon Interactive Powers Parker Hannifin's Digital Transformation to Drive Market Segment Growth

HOUSTON , June 26, 2024 /PRNewswire/ -- Kaon Interactive , the leader in interactive marketing and sales applications for global B2B companies, is proud to announce its partnership with Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies. Kaon's digital interactive technology is set to enhance Parker Hannifin's customer engagement strategy, fostering adaptation in today's digital, fast-paced, and ever-evolving world.

Kaon Interactive Powers Parker Hannifin's Digital Transformation to Drive Market Segment Growth

Parker-Hannifin: 'ETF-Like' Industrial Dividend Giant Poised For Long-Term Gains

Parker-Hannifin Corp. is a powerhouse in the industrial sector with significant aerospace exposure and diversified industrial products. The company has shown impressive growth driven by strategic initiatives and favorable market trends in aerospace, clean technology, and electrification. Despite a cautious approach due to the stock's current valuation, the company's ambitious targets for revenue, margins, and free cash flow warrant a Buy rating.

Parker-Hannifin: 'ETF-Like' Industrial Dividend Giant Poised For Long-Term Gains

The Motley Fool

4 Dividend Stocks to Double Up on Right Now

Dover and Parker-Hannifin both boast dividend-hiking streaks that stretch more than five decades. Coca-Cola generates consistent free cash flows that help power its reliable dividend growth.

4 Dividend Stocks to Double Up on Right Now

Parker-Hannifin: Track Record Of Creating Value Makes This A Buy

Parker's management team has been methodically transforming their business into a resilient and longer cycle company. Investors have been reaping the rewards of their efforts. For the 2014 to 2023 fiscal period, for every dollar retained by management, market value has increased by $4.11. At a PEG ratio of 1.84, the stock is trading at about a 7% discount to their 2014-2023 PEG ratio of 1.98 and this is a reasonable entry point for long-term investors.

Parker-Hannifin: Track Record Of Creating Value Makes This A Buy

The 7 Best Dividend Stocks to Buy in June 2024

You may have heard the pithy investing mantra to “sell in May and go away.” Because stocks tend to underperform during the summer months, the idea is to sit them out and wait for better opportunities in the fall.

The 7 Best Dividend Stocks to Buy in June 2024

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