Analysts predict that Parker-Hannifin Corp (NYSE:PH) will report $3.46 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Parker-Hannifin’s earnings, with the lowest sales estimate coming in at $3.40 billion and the highest estimate coming in at $3.50 billion. Parker-Hannifin reported sales of $3.37 billion during the same quarter last year, which indicates a positive year over year growth rate of 2.7%. The firm is expected to announce its next earnings results on Thursday, February 7th.

On average, analysts expect that Parker-Hannifin will report full year sales of $14.59 billion for the current fiscal year, with estimates ranging from $14.39 billion to $14.70 billion. For the next year, analysts anticipate that the business will report sales of $15.01 billion, with estimates ranging from $14.66 billion to $15.19 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Parker-Hannifin.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, November 1st. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.31. Parker-Hannifin had a net margin of 7.98% and a return on equity of 25.49%. The company had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the previous year, the business earned $2.24 earnings per share. The firm’s quarterly revenue was up 3.4% on a year-over-year basis.

A number of equities research analysts have recently weighed in on PH shares. Jefferies Financial Group reiterated a “$162.10” rating and issued a $170.00 price target on shares of Parker-Hannifin in a research report on Wednesday, July 18th. BMO Capital Markets reiterated a “buy” rating and issued a $190.00 price target on shares of Parker-Hannifin in a research report on Thursday, July 19th. Robert W. Baird set a $190.00 price target on shares of Parker-Hannifin and gave the company a “buy” rating in a research report on Thursday, August 2nd. Buckingham Research upgraded shares of Parker-Hannifin from a “neutral” rating to a “buy” rating in a research report on Friday, September 14th. Finally, Stifel Nicolaus boosted their price objective on shares of Parker-Hannifin from $200.00 to $212.00 and gave the company a “buy” rating in a research report on Monday, September 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $186.72.

NYSE PH opened at $164.44 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.60 and a quick ratio of 1.07. Parker-Hannifin has a 1-year low of $143.00 and a 1-year high of $212.80. The company has a market capitalization of $22.15 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 1.28 and a beta of 1.52.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be given a dividend of $0.76 per share. The ex-dividend date is Thursday, November 8th. This represents a $3.04 annualized dividend and a yield of 1.85%. Parker-Hannifin’s dividend payout ratio is currently 29.17%.

In other Parker-Hannifin news, VP William R. Bowman sold 2,400 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $175.36, for a total transaction of $420,864.00. Following the sale, the vice president now owns 1,325 shares of the company’s stock, valued at $232,352. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Joseph R. Leonti sold 1,605 shares of the business’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $176.56, for a total transaction of $283,378.80. Following the sale, the vice president now directly owns 15,731 shares in the company, valued at approximately $2,777,465.36. The disclosure for this sale can be found here. 1.12% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of PH. Vulcan Value Partners LLC grew its stake in shares of Parker-Hannifin by 97.5% during the second quarter. Vulcan Value Partners LLC now owns 3,178,193 shares of the industrial products company’s stock worth $495,321,000 after buying an additional 1,569,099 shares during the last quarter. Charles Schwab Investment Advisory Inc. bought a new stake in shares of Parker-Hannifin during the second quarter worth $214,250,000. Janus Henderson Group PLC grew its stake in shares of Parker-Hannifin by 27.5% during the second quarter. Janus Henderson Group PLC now owns 2,541,885 shares of the industrial products company’s stock worth $396,154,000 after buying an additional 548,399 shares during the last quarter. Millennium Management LLC grew its stake in shares of Parker-Hannifin by 3,693.0% during the second quarter. Millennium Management LLC now owns 509,140 shares of the industrial products company’s stock worth $79,349,000 after buying an additional 495,717 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its stake in shares of Parker-Hannifin by 16,700.2% during the second quarter. Cornerstone Wealth Management LLC now owns 420,341 shares of the industrial products company’s stock worth $2,693,000 after buying an additional 417,839 shares during the last quarter. 79.48% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides static and dynamic sealing devices; 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; hydraulic, pneumatic, and electromechanical components and systems for builders and users of industrial and mobile machinery and equipment; and critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions.

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

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