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$287.84|
|52 Week High||US$193.40|
|52 Week Low||US$324.68|
|1 Month Change||-5.16%|
|3 Month Change||-4.61%|
|1 Year Change||43.93%|
|3 Year Change||56.49%|
|5 Year Change||129.30%|
|Change since IPO||3,548.68%|
Recent News & Updates
|PH||US Machinery||US Market|
Return vs Industry: PH exceeded the US Machinery industry which returned 39% over the past year.
Return vs Market: PH exceeded the US Market which returned 37.5% over the past year.
Stable Share Price: PH is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: PH's weekly volatility (3%) 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$10.41b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||13.53|
|Net Profit Margin||12.17%|
How did PH perform over the long term?See historical performance and comparison
1.4%Current Dividend Yield
Is Parker-Hannifin undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PH ($287.84) is trading below our estimate of fair value ($382.18)
Significantly Below Fair Value: PH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PH is good value based on its PE Ratio (21.3x) compared to the US Machinery industry average (29.3x).
PE vs Market: PH is poor value based on its PE Ratio (21.3x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: PH is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: PH is overvalued based on its PB Ratio (4.4x) compared to the US Machinery industry average (2.9x).
How is Parker-Hannifin forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PH's forecast earnings growth (9.3% per year) is above the savings rate (2%).
Earnings vs Market: PH's earnings (9.3% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: PH's earnings are forecast to grow, but not significantly.
Revenue vs Market: PH's revenue (5.7% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: PH's revenue (5.7% 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 high in 3 years time (21.9%)
How has Parker-Hannifin performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PH has high quality earnings.
Growing Profit Margin: PH's current net profit margins (12.2%) are higher than last year (8.8%).
Past Earnings Growth Analysis
Earnings Trend: PH's earnings have grown by 12.7% per year over the past 5 years.
Accelerating Growth: PH's earnings growth over the past year (45.3%) exceeds its 5-year average (12.7% per year).
Earnings vs Industry: PH earnings growth over the past year (45.3%) exceeded the Machinery industry 22.1%.
Return on Equity
High ROE: PH's Return on Equity (20.8%) is considered high.
How is Parker-Hannifin's financial position?
Financial Position Analysis
Short Term Liabilities: PH's short term assets ($5.6B) exceed its short term liabilities ($3.1B).
Long Term Liabilities: PH's short term assets ($5.6B) do not cover its long term liabilities ($8.8B).
Debt to Equity History and Analysis
Debt Level: PH's debt to equity ratio (78.3%) is considered high.
Reducing Debt: PH's debt to equity ratio has increased from 65.9% to 78.3% over the past 5 years.
Debt Coverage: PH's debt is well covered by operating cash flow (39.1%).
Interest Coverage: PH's interest payments on its debt are well covered by EBIT (9.8x coverage).
What is Parker-Hannifin current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PH's dividend (1.43%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: PH's dividend (1.43%) is low compared to the top 25% of dividend payers in the US market (3.59%).
Stability and Growth of Payments
Stable Dividend: PH's dividends per share have been stable in the past 10 years.
Growing Dividend: PH's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (27.1%), PH's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PH's dividends in 3 years are forecast to be well covered by earnings (22.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Williams (62 yo)
Mr. Thomas L. Williams, also known as Tom, has been Chief Executive Officer, President and Director of CLARCOR Inc. since February 28, 2017. Mr. Williams has been the Chief Executive Officer of Parker-Hann...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD18.86M) is above average for companies of similar size in the US market ($USD11.33M).
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 (3.8 years average tenure).
Experienced Board: PH's board of directors are considered experienced (5.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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
- Market Cap: US$37.581b
- Shares outstanding: 129.10m
- 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||2021/09/24 22:16|
|End of Day Share Price||2021/09/24 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.