Parker-Hannifin Corp Announces Dividend of $0.48 (PH)
Parker-Hannifin Corp (NYSE:PH) declared a dividend on Thursday, January 30th, American Banking & Market News reports. Stockholders of record on Monday, February 10th will be given a dividend of 0.48 per share on Friday, March 7th. The ex-dividend date of this dividend is Thursday, February 6th.
A number of research firms have recently commented on PH. Analysts at Argus raised their price target on shares of Parker-Hannifin Corp from $139.00 to $143.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. On the ratings front, analysts at MKM Partners raised their price target on shares of Parker-Hannifin Corp from $118.00 to $130.00 in a research note to investors on Thursday, January 23rd. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Parker-Hannifin Corp from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday, January 23rd. They now have a $124.00 price target on the stock, down previously from $127.00. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. Parker-Hannifin Corp presently has a consensus rating of “Hold” and an average price target of $121.19.
Shares of Parker-Hannifin Corp (NYSE:PH) opened at 114.55 on Friday. Parker-Hannifin Corp has a 1-year low of $84.50 and a 1-year high of $129.77. The stock has a 50-day moving average of $124.1 and a 200-day moving average of $112.3. The company has a market cap of $17.085 billion and a P/E ratio of 16.83.
Parker-Hannifin Corp (NYSE:PH) last announced its earnings results on Wednesday, January 22nd. The company reported $1.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.23 by $0.43. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter last year, the company posted $1.19 earnings per share. Parker-Hannifin Corp’s revenue was up 1.3% compared to the same quarter last year. On average, analysts predict that Parker-Hannifin Corp will post $6.49 earnings per share for the current fiscal year.
In other Parker-Hannifin Corp news, VP Peter Popoff sold 1,503 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $115.67, for a total transaction of $173,852.01. Following the transaction, the vice president now directly owns 3,453 shares in the company, valued at approximately $399,409. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Parker-Hannifin Corporation (NYSE:PH) is a full-line diversified manufacturer of motion and control technologies and systems, including fluid power systems, electromechanical controls and related components.
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