PH Stock Overview
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$295.76|
|52 Week High||US$340.00|
|52 Week Low||US$230.44|
|1 Month Change||11.53%|
|3 Month Change||14.30%|
|1 Year Change||2.75%|
|3 Year Change||87.15%|
|5 Year Change||88.02%|
|Change since IPO||3,649.07%|
Recent News & Updates
Parker-Hannifin declares $1.33 dividend
Parker-Hannifin (NYSE:PH) declares $1.33/share quarterly dividend, in line with previous. Forward yield 1.78% Payable Sept. 9; for shareholders of record Aug. 29; ex-div Aug. 26. See PH Dividend Scorecard, Yield Chart, & Dividend Growth.
|PH||US Machinery||US Market|
Return vs Industry: PH exceeded the US Machinery industry which returned -6.9% over the past year.
Return vs Market: PH exceeded the US Market which returned -8.4% over the past year.
|PH Average Weekly Movement||4.3%|
|Machinery Industry Average Movement||5.8%|
|Market Average Movement||7.6%|
|10% most volatile stocks in US Market||17.1%|
|10% least volatile stocks in US Market||3.1%|
Stable Share Price: PH is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PH's weekly volatility (4%) has been stable over the past year.
About the Company
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments, Diversified Industrial and Aerospace Systems. The Company’s Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.
Parker-Hannifin Fundamentals Summary
|PH fundamental statistics|
Is PH overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PH income statement (TTM)|
|Cost of Revenue||US$11.39b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Nov 03, 2022
|Earnings per share (EPS)||10.25|
|Net Profit Margin||8.29%|
How did PH perform over the long term?See historical performance and comparison
1.8%Current Dividend Yield
Is PH undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PH?
Other financial metrics that can be useful for relative valuation.
|What is PH's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does PH's PE Ratio compare to its peers?
|PH PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
OTIS Otis Worldwide
ITW Illinois Tool Works
Price-To-Earnings vs Peers: PH is expensive based on its Price-To-Earnings Ratio (28.9x) compared to the peer average (26.4x).
Price to Earnings Ratio vs Industry
How does PH's PE Ratio compare vs other companies in the US Machinery Industry?
Price-To-Earnings vs Industry: PH is expensive based on its Price-To-Earnings Ratio (28.9x) compared to the US Machinery industry average (22.5x)
Price to Earnings Ratio vs Fair Ratio
What is PH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||28.9x|
|Fair PE Ratio||31.5x|
Price-To-Earnings vs Fair Ratio: PH is good value based on its Price-To-Earnings Ratio (28.9x) compared to the estimated Fair Price-To-Earnings Ratio (31.5x).
Share Price vs Fair Value
What is the Fair Price of PH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PH ($295.76) is trading below our estimate of fair value ($365.55)
Significantly Below Fair Value: PH is trading below fair value, but not by a significant amount.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Parker-Hannifin forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Future Growth Score3/6
Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PH's forecast earnings growth (22% per year) is above the savings rate (1.9%).
Earnings vs Market: PH's earnings (22% per year) are forecast to grow faster than the US market (14.4% per year).
High Growth Earnings: PH's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PH's revenue (3.9% per year) is forecast to grow slower than the US market (7.8% per year).
High Growth Revenue: PH's revenue (3.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PH's Return on Equity is forecast to be low in 3 years time (16%).
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How has Parker-Hannifin performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PH has high quality earnings.
Growing Profit Margin: PH's current net profit margins (8.3%) are lower than last year (12.2%).
Past Earnings Growth Analysis
Earnings Trend: PH's earnings have grown by 10.4% per year over the past 5 years.
Accelerating Growth: PH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PH had negative earnings growth (-24.7%) over the past year, making it difficult to compare to the Machinery industry average (9.4%).
Return on Equity
High ROE: PH's Return on Equity (14.9%) is considered low.
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How is Parker-Hannifin's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: PH's short term assets ($12.0B) exceed its short term liabilities ($5.9B).
Long Term Liabilities: PH's short term assets ($12.0B) exceed its long term liabilities ($11.2B).
Debt to Equity History and Analysis
Debt Level: PH's net debt to equity ratio (123.2%) is considered high.
Reducing Debt: PH's debt to equity ratio has increased from 111.4% to 129.6% over the past 5 years.
Debt Coverage: PH's debt is well covered by operating cash flow (21.3%).
Interest Coverage: PH's interest payments on its debt are well covered by EBIT (11.2x coverage).
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What is Parker-Hannifin current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PH's dividend (1.8%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: PH's dividend (1.8%) is low compared to the top 25% of dividend payers in the US market (3.97%).
Stability and Growth of Payments
Stable Dividend: PH's dividends per share have been stable in the past 10 years.
Growing Dividend: PH's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (43.2%), PH's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (30.9%), PH's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Williams (63 yo)
Mr. Thomas L. Williams, also known as Tom, has been Chief Executive Officer, President and Director of CLARCOR Inc. since February 28, 2017. Mr. Williams has been the Chief Executive Officer of Parker-Hann...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD17.03M) is above average for companies of similar size in the US market ($USD12.86M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Experienced Management: PH's management team is considered experienced (4.8 years average tenure).
Experienced Board: PH's board of directors are considered experienced (7.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PH insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Parker-Hannifin Corporation's employee growth, exchange listings and data sources
- Name: Parker-Hannifin Corporation
- Ticker: PH
- Exchange: NYSE
- Founded: 1917
- Industry: Industrial Machinery
- Sector: Capital Goods
- Implied Market Cap: US$37.967b
- Shares outstanding: 128.37m
- Website: https://www.parker.com
Number of Employees
- Parker-Hannifin Corporation
- 6035 Parkland Boulevard
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/19 00:00|
|End of Day Share Price||2022/08/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.