Parker Hannifin Stock Today
| PH Stock | USD 538.09 2.48 0.46% |
Performance12 of 100
| Odds Of DistressLess than 15
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Parker Hannifin is trading at 538.09 as of the 19th of April 2024. This is a -0.46 percent decrease since the beginning of the trading day. The stock's open price was 540.57. Parker Hannifin has less than a 15 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Parker Hannifin are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of May 2022 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 1st of July 1985 | Category Industrials |
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company was founded in 1917 and is headquartered in Cleveland, Ohio. Parker-Hannifin Corp operates under Specialty Industrial Machinery classification in the United States and is traded on New York Stock Exchange. The company has 128.41 M outstanding shares of which 1.02 M shares are at this time sold short in the market by investors with about 1.85 days to cover all shorted shares. More on Parker Hannifin
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Follow Valuation Options Odds of Bankruptcy
Financial Report 2nd of May 2024
Parker Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Parker Hannifin's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Parker Hannifin or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Parker Hannifin's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Parker Hannifin's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| Chairman, CEO and Pres | Donald Washkewicz | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Industrial Machinery & Supplies & Components, Specialty Industrial Machinery, Industrials, NYSE Composite, SP 500 Index, Farming, Plastics, Construction Materials, Industrials, Machinery, Specialty Industrial Machinery, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Parker Hannifin report their recommendations after researching Parker Hannifin's financial statements, talking to executives and customers, or listening in on Parker Hannifin's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Parker Hannifin. The Parker consensus assessment is calculated by taking the average forecast from all of the analysts covering Parker Hannifin. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Parker Hannifin's profitability, liquidity, and operating efficiency, Parker Hannifin is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of Parker Hannifin is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Parker Hannifin's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Parker Hannifin's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Parker Hannifin's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Parker Hannifin's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Parker Hannifin's financial leverage. It provides some insight into what part of Parker Hannifin's total assets is financed by creditors.
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Parker Hannifin (PH) is traded on New York Stock Exchange in USA. It is located in 6035 Parkland Boulevard, Cleveland, OH, United States, 44124-4141 and employs 62,730 people. Parker Hannifin is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a market capitalization of 69.87 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Parker Hannifin's market, we take the total number of its shares issued and multiply it by Parker Hannifin's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Parker Hannifin is active under Machinery sector as part of Industrials industry. The entity has 128.41 M outstanding shares of which 1.02 M shares are at this time sold short in the market by investors with about 1.85 days to cover all shorted shares.
Parker Hannifin reports about 475.18 M in cash with 2.98 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.39.
Check Parker Hannifin Probability Of Bankruptcy
Ownership AllocationParker Hannifin owns a total of 128.41 Million outstanding shares. The majority of Parker Hannifin outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Parker Hannifin to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Parker Hannifin. Please pay attention to any change in the institutional holdings of Parker Hannifin as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Parker Ownership Details
Parker Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of Parker Hannifin jumping above the current price in 90 days from now is about 32.49%. The Parker Hannifin probability density function shows the probability of Parker Hannifin stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon the stock has a beta coefficient of 1.5101 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Parker Hannifin will likely underperform. Additionally, parker Hannifin has an alpha of 0.1505, implying that it can generate a 0.15 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Parker Hannifin to move above the current price in 90 days from now is about 32.49 (This Parker Hannifin probability density function shows the probability of Parker Stock to fall within a particular range of prices over 90 days) .
Parker Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Parker Hannifin that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Parker Hannifin's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Parker Hannifin's value.| Instituion | Recorded On | Shares | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 1.7 M | |
| Nuveen Asset Management, Llc | 2023-12-31 | 1.5 M | |
| Goldman Sachs Group Inc | 2023-12-31 | 1.5 M | |
| Norges Bank | 2023-12-31 | 1.4 M | |
| Wellington Management Company Llp | 2023-12-31 | 1.3 M | |
| Northern Trust Corp | 2023-12-31 | 1.3 M | |
| Dz Bank Ag Deutsche Zentral-genossenschaftsbank Frankfurt Am Main | 2023-12-31 | 1.3 M | |
| Alphinity Investment Management Pty Ltd | 2023-12-31 | 1.1 M | |
| Boston Partners Global Investors, Inc | 2023-12-31 | 1.1 M | |
| Vanguard Group Inc | 2023-12-31 | 10.5 M | |
| Blackrock Inc | 2023-12-31 | 8.5 M |
Parker Hannifin Historical Income Statement
Parker Hannifin Income Statement is one of the three primary financial statements used for reporting Parker's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Parker Hannifin revenue and expense. Parker Hannifin Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Parker Hannifin's Gross Profit is increasing as compared to previous years. The Parker Hannifin's current Other Operating Expenses is estimated to increase to about 19.3 B, while Operating Income is projected to decrease to under 998.2 M. View More FundamentalsParker Stock Against Markets
Picking the right benchmark for Parker Hannifin stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Parker Hannifin stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Parker Hannifin is critical whether you are bullish or bearish towards Parker Hannifin at a given time. Please also check how Parker Hannifin's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Parker Hannifin without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Parker Hannifin Corporate Directors
Parker Hannifin corporate directors refer to members of a Parker Hannifin board of directors. The board of directors generally takes responsibility for the Parker Hannifin's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Parker Hannifin's board members must vote for the resolution. The Parker Hannifin board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Jillian Evanko | Independent Director | Profile | |
| Robert Kohlhepp | Lead Independent Director | Profile | |
| KlausPeter Mueller | Independent Director | Profile | |
| Lance Fritz | Independent Director | Profile |
How to buy Parker Stock?
Before investing in Parker Hannifin, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Parker Hannifin. To buy Parker Hannifin stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Parker Hannifin. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Parker Hannifin stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Parker Hannifin stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Parker Hannifin stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Parker Hannifin, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Parker Stock please use our How to Invest in Parker Hannifin guide.
Already Invested in Parker Hannifin?
The danger of trading Parker Hannifin is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Parker Hannifin is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Parker Hannifin. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Parker Hannifin is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Parker Hannifin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Parker Hannifin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Parker Hannifin Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Parker Hannifin Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parker Hannifin. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.Note that the Parker Hannifin information on this page should be used as a complementary analysis to other Parker Hannifin's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Parker Stock analysis
When running Parker Hannifin's price analysis, check to measure Parker Hannifin's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Parker Hannifin is operating at the current time. Most of Parker Hannifin's value examination focuses on studying past and present price action to predict the probability of Parker Hannifin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Parker Hannifin's price. Additionally, you may evaluate how the addition of Parker Hannifin to your portfolios can decrease your overall portfolio volatility.
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Is Parker Hannifin's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Parker Hannifin. If investors know Parker will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Parker Hannifin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.72 | Dividend Share 5.77 | Earnings Share 20.24 | Revenue Per Share 154.399 | Quarterly Revenue Growth 0.031 |
The market value of Parker Hannifin is measured differently than its book value, which is the value of Parker that is recorded on the company's balance sheet. Investors also form their own opinion of Parker Hannifin's value that differs from its market value or its book value, called intrinsic value, which is Parker Hannifin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Parker Hannifin's market value can be influenced by many factors that don't directly affect Parker Hannifin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Parker Hannifin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parker Hannifin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parker Hannifin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.