Parker-Hannifin Corp (NYSE:PH) announced a quarterly dividend on Thursday, January 25th, RTT News reports. Investors of record on Friday, February 9th will be given a dividend of 0.66 per share by the industrial products company on Friday, March 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.27%.

Parker-Hannifin has raised its dividend by an average of 8.4% per year over the last three years. Parker-Hannifin has a payout ratio of 27.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Parker-Hannifin to earn $10.97 per share next year, which means the company should continue to be able to cover its $2.64 annual dividend with an expected future payout ratio of 24.1%.

Shares of Parker-Hannifin (NYSE PH) traded down $1.32 during trading hours on Thursday, reaching $207.51. 957,941 shares of the company’s stock traded hands, compared to its average volume of 821,229. Parker-Hannifin has a 1 year low of $144.82 and a 1 year high of $212.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.44 and a quick ratio of 0.95. The company has a market capitalization of $27,650.00, a P/E ratio of 26.64, a PEG ratio of 1.84 and a beta of 1.40.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $2.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.22. Parker-Hannifin had a net margin of 8.37% and a return on equity of 23.61%. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter in the prior year, the firm earned $1.61 earnings per share. The business’s quarterly revenue was up 22.7% on a year-over-year basis. equities analysts forecast that Parker-Hannifin will post 9.75 earnings per share for the current year.

In other news, VP Andrew D. Ross sold 2,056 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $192.14, for a total transaction of $395,039.84. Following the completion of the sale, the vice president now owns 5,207 shares of the company’s stock, valued at $1,000,472.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas C. Gentile sold 326 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $181.89, for a total transaction of $59,296.14. The disclosure for this sale can be found here. Insiders have sold 22,495 shares of company stock valued at $4,127,941 in the last three months. 1.12% of the stock is owned by insiders.

Several equities research analysts have commented on PH shares. KeyCorp reaffirmed a “buy” rating and issued a $200.00 target price on shares of Parker-Hannifin in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Parker-Hannifin from a “hold” rating to a “buy” rating and set a $198.00 target price for the company in a research note on Tuesday, October 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $198.00 target price on shares of Parker-Hannifin in a research note on Friday, October 13th. Buckingham Research started coverage on shares of Parker-Hannifin in a research note on Tuesday, October 17th. They issued a “buy” rating and a $205.00 target price for the company. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $200.00 target price on shares of Parker-Hannifin in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. Parker-Hannifin currently has an average rating of “Buy” and a consensus target price of $198.21.

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Parker-Hannifin 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.

Dividend History for Parker-Hannifin (NYSE:PH)

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