Share on StockTwits

Parker-Hannifin (NYSE:PH) announced a quarterly dividend on Friday, August 15th, Stock Ratings Network reports. Shareholders of record on Thursday, August 28th will be paid a dividend of 0.48 per share on Friday, September 12th. This represents a $1.92 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Tuesday, August 26th.

Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Parker-Hannifin in a research note on Thursday, August 7th. They now have a $130.00 price target on the stock, down previously from $140.00. On the ratings front, analysts at Jefferies Group reiterated a “buy” rating on shares of Parker-Hannifin in a research note on Thursday, August 7th. They now have a $130.00 price target on the stock, down previously from $150.00. Finally, analysts at Stifel Nicolaus cut their price target on shares of Parker-Hannifin from $140.00 to $130.00 in a research note on Thursday, August 7th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $133.92.

Shares of Parker-Hannifin (NYSE:PH) traded down 0.65% on Friday, hitting $112.78. 996,166 shares of the company’s stock traded hands. Parker-Hannifin has a one year low of $99.75 and a one year high of $130.44. The stock’s 50-day moving average is $120.2 and its 200-day moving average is $121.3. The company has a market cap of $16.800 billion and a price-to-earnings ratio of 16.52.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Wednesday, August 6th. The company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by $0.01. The company had revenue of $3.53 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts expect that Parker-Hannifin will post $7.79 EPS for the current fiscal year.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.