Brokerages expect Parker-Hannifin Corp (NYSE:PH) to announce $3.65 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Parker-Hannifin’s earnings. The highest sales estimate is $3.72 billion and the lowest is $3.56 billion. Parker-Hannifin posted sales of $3.12 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 17%. The business is expected to announce its next quarterly earnings results on Thursday, April 26th.

According to Zacks, analysts expect that Parker-Hannifin will report full year sales of $3.65 billion for the current fiscal year, with estimates ranging from $14.09 billion to $14.26 billion. For the next fiscal year, analysts forecast that the business will report sales of $14.78 billion per share, with estimates ranging from $14.60 billion to $15.03 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Parker-Hannifin.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.08. Parker-Hannifin had a return on equity of 23.15% and a net margin of 6.54%. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. Parker-Hannifin’s revenue was up 26.2% compared to the same quarter last year.

Several analysts recently commented on the company. Citigroup lifted their price objective on Parker-Hannifin from $195.00 to $220.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Robert W. Baird lifted their price objective on Parker-Hannifin from $183.00 to $194.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. KeyCorp reissued a “buy” rating and set a $200.00 price target on shares of Parker-Hannifin in a report on Thursday, October 12th. Buckingham Research began coverage on Parker-Hannifin in a report on Tuesday, October 17th. They set a “buy” rating and a $205.00 price target for the company. Finally, Zacks Investment Research lowered Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. Parker-Hannifin presently has an average rating of “Hold” and an average price target of $200.83.

In related news, Director Linda S. Harty sold 3,491 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $183.30, for a total value of $639,900.30. Following the sale, the director now directly owns 9,727 shares in the company, valued at $1,782,959.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Andrew D. Ross sold 2,056 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $192.14, for a total value of $395,039.84. Following the completion of the sale, the vice president now owns 5,207 shares in the company, valued at $1,000,472.98. The disclosure for this sale can be found here. Insiders sold 16,669 shares of company stock worth $3,042,096 over the last quarter. 1.12% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. IHT Wealth Management LLC increased its stake in Parker-Hannifin by 20.8% during the second quarter. IHT Wealth Management LLC now owns 116 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 20 shares during the last quarter. National Asset Management Inc. increased its stake in Parker-Hannifin by 4.7% during the second quarter. National Asset Management Inc. now owns 1,432 shares of the industrial products company’s stock worth $229,000 after acquiring an additional 64 shares during the last quarter. Penserra Capital Management LLC increased its stake in Parker-Hannifin by 13.5% during the third quarter. Penserra Capital Management LLC now owns 2,360 shares of the industrial products company’s stock worth $415,000 after acquiring an additional 280 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in Parker-Hannifin by 5.5% during the third quarter. Stratos Wealth Partners LTD. now owns 5,407 shares of the industrial products company’s stock worth $946,000 after acquiring an additional 280 shares during the last quarter. Finally, Bank of Stockton increased its stake in Parker-Hannifin by 3.3% during the third quarter. Bank of Stockton now owns 8,763 shares of the industrial products company’s stock worth $1,533,000 after acquiring an additional 281 shares during the last quarter. 78.39% of the stock is currently owned by institutional investors.

Shares of Parker-Hannifin (PH) traded down $8.83 on Monday, hitting $174.51. The company had a trading volume of 1,520,000 shares, compared to its average volume of 1,090,000. The company has a quick ratio of 0.99, a current ratio of 1.49 and a debt-to-equity ratio of 0.87. Parker-Hannifin has a one year low of $145.38 and a one year high of $212.80. The company has a market capitalization of $23,250.00, a price-to-earnings ratio of 27.14, a P/E/G ratio of 1.61 and a beta of 1.31.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be given a $0.66 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $2.64 annualized dividend and a dividend yield of 1.51%. Parker-Hannifin’s payout ratio is 41.06%.

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About Parker-Hannifin

Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment.

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Earnings History and Estimates for Parker-Hannifin (NYSE:PH)

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