Why Parker-Hannifin Corporation (NYSE:PH) Could Have A Place In Your Portfolio

Building up an investment case requires looking at a stock holistically. Today I’ve chosen to put the spotlight on Parker-Hannifin Corporation (NYSE:PH) due to its excellent fundamentals in more than one area. PH is a highly-regarded dividend-paying company with a an impressive history of delivering benchmark-beating performance. In the following section, I expand a bit more on these key aspects. If you’re interested in understanding beyond my broad commentary, take a look at the report on Parker-Hannifin here.

Outstanding track record established dividend payer

Over the past year, PH has grown its earnings by 61%, with its most recent figure exceeding its annual average over the past five years. The strong earnings growth is reflected in impressive double-digit 24% return to shareholders, which is an optimistic signal for the future.

NYSE:PH Income Statement, March 18th 2019
NYSE:PH Income Statement, March 18th 2019

PH is also a dividend company, with ample net income to cover its dividend payout, which has been consistently growing over the past decade, keeping income investors happy.

NYSE:PH Historical Dividend Yield, March 18th 2019
NYSE:PH Historical Dividend Yield, March 18th 2019

Next Steps:

For Parker-Hannifin, there are three relevant aspects you should further research:

  1. Future Outlook: What are well-informed industry analysts predicting for PH’s future growth? Take a look at our free research report of analyst consensus for PH’s outlook.
  2. Financial Health: Are PH’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of PH? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.