Parker-Hannifin Corporation (NYSE:PH) will be issuing its quarterly earnings data before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of $2.00 per share for the quarter. Parker-Hannifin Corporation has set its FY18 guidance at $8.45-9.15 EPS.

Parker-Hannifin Corporation (NYSE:PH) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.14. Parker-Hannifin Corporation had a net margin of 8.18% and a return on equity of 22.90%. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same quarter in the prior year, the company earned $1.90 EPS. The company’s revenue was up 18.2% compared to the same quarter last year. On average, analysts expect Parker-Hannifin Corporation to post $9.09 EPS for the current fiscal year and $10.23 EPS for the next fiscal year.

Parker-Hannifin Corporation (NYSE PH) traded up 0.86% during midday trading on Tuesday, reaching $183.50. 112,531 shares of the company were exchanged. The firm has a 50-day moving average price of $177.34 and a 200-day moving average price of $164.40. Parker-Hannifin Corporation has a 52 week low of $118.77 and a 52 week high of $185.52. The company has a market capitalization of $24.43 billion, a PE ratio of 25.31 and a beta of 1.42.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a $0.66 dividend. The ex-dividend date is Thursday, November 9th. This represents a $2.64 dividend on an annualized basis and a yield of 1.45%. Parker-Hannifin Corporation’s dividend payout ratio is currently 36.51%.

In other Parker-Hannifin Corporation news, VP Martin C. Maxwell sold 2,640 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $165.67, for a total value of $437,368.80. Following the transaction, the vice president now directly owns 31,718 shares of the company’s stock, valued at approximately $5,254,721.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Scaminace sold 500 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $158.35, for a total transaction of $79,175.00. The disclosure for this sale can be found here. Insiders sold a total of 5,389 shares of company stock worth $878,913 over the last ninety days. Corporate insiders own 1.12% of the company’s stock.

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PH has been the subject of a number of recent research reports. ValuEngine upgraded shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BMO Capital Markets reiterated a “buy” rating and issued a $200.00 price target on shares of Parker-Hannifin Corporation in a research note on Friday, October 20th. Robert W. Baird reiterated a “hold” rating and issued a $183.00 price target on shares of Parker-Hannifin Corporation in a research note on Friday, October 13th. Cowen and Company restated a “hold” rating and set a $140.00 price objective on shares of Parker-Hannifin Corporation in a research report on Friday, October 6th. Finally, Zacks Investment Research upgraded shares of Parker-Hannifin Corporation from a “hold” rating to a “buy” rating and set a $198.00 price objective for the company in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. Parker-Hannifin Corporation presently has an average rating of “Buy” and a consensus price target of $183.00.

Parker-Hannifin Corporation Company Profile

Parker-Hannifin Corporation is a manufacturer of motion and control technologies and systems, providing precision engineered solutions for a range of mobile, industrial and aerospace markets. The Company operates through segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial Segment is an aggregation of several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment.

Earnings History for Parker-Hannifin Corporation (NYSE:PH)

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