Equities research analysts predict that Parker-Hannifin Corp (NYSE:PH) will report earnings of $2.51 per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Parker-Hannifin’s earnings, with the highest EPS estimate coming in at $2.63 and the lowest estimate coming in at $2.45. Parker-Hannifin reported earnings of $2.24 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 12.1%. The business is expected to announce its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Parker-Hannifin will report full-year earnings of $11.41 per share for the current year, with EPS estimates ranging from $11.06 to $11.86. For the next financial year, analysts expect that the business will report earnings of $12.38 per share, with EPS estimates ranging from $11.75 to $13.19. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Parker-Hannifin.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, August 2nd. The industrial products company reported $3.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.91 by $0.31. Parker-Hannifin had a net margin of 7.42% and a return on equity of 24.77%. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter last year, the company posted $2.45 earnings per share. The firm’s revenue was up 9.2% compared to the same quarter last year.

Several analysts recently commented on the stock. Goldman Sachs Group lowered shares of Parker-Hannifin from a “buy” rating to a “neutral” rating and set a $164.00 price target on the stock. in a research report on Monday, July 16th. Zacks Investment Research lowered shares of Parker-Hannifin from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Buckingham Research upgraded shares of Parker-Hannifin from a “neutral” rating to a “buy” rating in a research report on Friday, September 14th. Wells Fargo & Co lowered shares of Parker-Hannifin from an “outperform” rating to a “market perform” rating and set a $200.00 price target on the stock. in a research report on Wednesday, June 20th. Finally, Argus lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating and set a $176.00 price target on the stock. in a research report on Tuesday, August 14th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Parker-Hannifin presently has a consensus rating of “Hold” and an average price target of $188.78.

In other news, VP William R. Bowman sold 2,400 shares of Parker-Hannifin stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $175.36, for a total value of $420,864.00. Following the sale, the vice president now owns 1,325 shares in the company, valued at $232,352. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Joseph R. Leonti sold 1,605 shares of Parker-Hannifin stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $176.56, for a total transaction of $283,378.80. Following the completion of the sale, the vice president now 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 company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC acquired a new stake in shares of Parker-Hannifin in the first quarter valued at about $128,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Parker-Hannifin by 5,815.4% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 769 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 756 shares during the period. Private Capital Group LLC grew its position in shares of Parker-Hannifin by 272.2% in the first quarter. Private Capital Group LLC now owns 882 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 645 shares during the period. Manchester Capital Management LLC grew its position in shares of Parker-Hannifin by 55.9% in the second quarter. Manchester Capital Management LLC now owns 976 shares of the industrial products company’s stock valued at $152,000 after purchasing an additional 350 shares during the period. Finally, Perigon Wealth Management LLC grew its position in shares of Parker-Hannifin by 533.8% in the first quarter. Perigon Wealth Management LLC now owns 1,236 shares of the industrial products company’s stock valued at $211,000 after purchasing an additional 1,041 shares during the period. Institutional investors and hedge funds own 79.53% of the company’s stock.

Shares of Parker-Hannifin stock traded up $0.07 during trading on Friday, hitting $190.58. 1,084,700 shares of the company’s stock were exchanged, compared to its average volume of 1,141,349. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.59 and a quick ratio of 1.08. Parker-Hannifin has a 52-week low of $152.47 and a 52-week high of $212.80. The stock has a market cap of $25.21 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.48 and a beta of 1.44.

The business also recently announced a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Tuesday, August 28th were given a $0.76 dividend. The ex-dividend date was Monday, August 27th. This represents a $3.04 annualized dividend and a dividend yield of 1.60%. Parker-Hannifin’s dividend payout ratio (DPR) is 29.17%.

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

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