Parker-Hannifin Corporation (PH) To Go Ex-Dividend on August 31st

Parker-Hannifin Corporation (NYSE:PH) declared a quarterly dividend on Thursday, August 20th. Stockholders of record on Monday, August 31st will be given a dividend of 2.00 per share by the industrial products company on Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, August 31st.

Parker-Hannifin has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 70 consecutive years. Parker-Hannifin has a payout ratio of 27.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Parker-Hannifin to earn $38.18 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 21.0%.

Parker-Hannifin Trading Down 1.6%

Shares of NYSE PH opened at $995.24 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $125.45 billion, a PE ratio of 34.93, a PEG ratio of 2.63 and a beta of 1.12. Parker-Hannifin has a twelve month low of $715.37 and a twelve month high of $1,099.94. The stock has a fifty day simple moving average of $991.71 and a 200-day simple moving average of $950.48.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, August 6th. The industrial products company reported $9.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.31 by $0.96. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The firm had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter in the prior year, the company earned $7.69 EPS. Parker-Hannifin’s revenue was up 9.8% on a year-over-year basis. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, equities analysts forecast that Parker-Hannifin will post 34.93 earnings per share for the current year.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.