Parker-Hannifin Corporation with ticker code (PH) have now 20 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The target price High/Low ranges between 397.75 and 267.55 with the average target price sitting at $336.84. Given that the stocks previous close was at $311.65 and the analysts are correct then we can expect a percentage increase in value of 8.1%. The 50 day moving average now sits at $332.67 and the 200 day moving average is $299.60. The market capitalization for the company is $41,468m. Find out more information at: https://www.parker.com
The potential market cap would be $44,820m based on the market consensus.
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; 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; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment. This segment sells its products to original equipment manufacturers (OEMs) and distributors who serve the replacement markets in manufacturing, packaging, processing, transportation, construction, refrigeration and air conditioning, agricultural, and military machinery and equipment industries. The Aerospace Systems segment offers products for use in commercial and military airframe and engine programs, such as control actuation systems and components, engine build-up ducting, engine exhaust nozzles and assemblies, engine systems and components, fluid conveyance systems and components, fuel systems and components, fuel tank inerting systems, hydraulic systems and components, lubrication components, pilot controls, pneumatic control components, thermal management products, and wheels and brakes, as well as fluid metering, delivery, and atomization devices. This segment markets its products directly to OEMs and end users. The company markets its products through direct-sales employees, independent distributors, and sales representatives. The company was founded in 1917 and is headquartered in Cleveland, Ohio.
The company has a dividend yield of 1.71% with the ex dividend date set at 9-2-2023 (DMY).
Other points of data to note are a P/E ratio of 32.17, revenue per share of 133.8 and a 7.07% return on assets.
