Wall Street analysts expect Parker-Hannifin Corp (NYSE:PH) to post earnings per share (EPS) of $2.26 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Parker-Hannifin’s earnings, with the lowest EPS estimate coming in at $2.20 and the highest estimate coming in at $2.34. Parker-Hannifin posted earnings per share of $2.51 during the same quarter last year, which indicates a negative year-over-year growth rate of 10%. The company is expected to issue its next quarterly earnings report on Thursday, January 30th.

On average, analysts expect that Parker-Hannifin will report full year earnings of $10.69 per share for the current financial year, with EPS estimates ranging from $10.50 to $10.90. For the next fiscal year, analysts forecast that the company will post earnings of $11.66 per share, with EPS estimates ranging from $10.85 to $11.98. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Parker-Hannifin.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, October 31st. The industrial products company reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.64 by $0.12. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.33 billion. Parker-Hannifin had a net margin of 10.41% and a return on equity of 25.74%. The company’s revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.84 EPS.

PH has been the subject of a number of analyst reports. Morgan Stanley set a $193.00 target price on shares of Parker-Hannifin and gave the stock a “hold” rating in a report on Friday, November 1st. Gordon Haskett upgraded shares of Parker-Hannifin from an “underperform” rating to a “hold” rating in a research report on Monday, November 4th. Barclays began coverage on Parker-Hannifin in a research note on Monday, November 18th. They issued an “overweight” rating and a $227.00 price target on the stock. BMO Capital Markets raised their price target on Parker-Hannifin to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Finally, Wolfe Research set a $189.00 price target on Parker-Hannifin and gave the stock a “hold” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $189.92.

In other news, VP Andrew M. Weeks sold 1,732 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $180.64, for a total transaction of $312,868.48. Following the completion of the transaction, the vice president now directly owns 15,257 shares of the company’s stock, valued at $2,756,024.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Andrew D. Ross sold 1,939 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $193.82, for a total value of $375,816.98. Following the completion of the sale, the vice president now owns 24,039 shares in the company, valued at approximately $4,659,238.98. The disclosure for this sale can be found here. Insiders sold 70,661 shares of company stock valued at $12,986,250 over the last 90 days. Corporate insiders own 1.23% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Longview Partners Guernsey LTD increased its holdings in Parker-Hannifin by 10.2% during the second quarter. Longview Partners Guernsey LTD now owns 6,642,630 shares of the industrial products company’s stock worth $1,129,314,000 after buying an additional 616,196 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Parker-Hannifin by 14.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,912,823 shares of the industrial products company’s stock worth $827,567,000 after purchasing an additional 622,437 shares during the last quarter. Beutel Goodman & Co Ltd. increased its stake in shares of Parker-Hannifin by 99.3% during the 2nd quarter. Beutel Goodman & Co Ltd. now owns 2,529,745 shares of the industrial products company’s stock worth $326,638,000 after purchasing an additional 1,260,312 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Parker-Hannifin by 1,570.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,260,165 shares of the industrial products company’s stock valued at $384,251,000 after purchasing an additional 2,124,824 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its holdings in shares of Parker-Hannifin by 2.4% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,605,306 shares of the industrial products company’s stock valued at $289,934,000 after purchasing an additional 37,353 shares during the period. Institutional investors and hedge funds own 80.20% of the company’s stock.

PH opened at $202.38 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.96 and a quick ratio of 1.53. The company has a market cap of $26.00 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 2.07 and a beta of 1.57. The firm has a 50 day simple moving average of $194.68 and a 200 day simple moving average of $175.19. Parker-Hannifin has a fifty-two week low of $140.82 and a fifty-two week high of $203.50.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, November 7th. Parker-Hannifin’s dividend payout ratio is currently 29.70%.

About Parker-Hannifin

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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