Dividend Growth of Parker-Hannifin Corporation(PH)

Parker-Hannifin Corporation(PH) is having a Dividend Yield of 1.7% with the Annual cash Dividend per share of $2.52. The last quarter cash dividend per share pay out was $0.63. Parker-Hannifin Corporation has a 5 year average dividend yield of 1.95% and the stock has a Indicated annual dividend of $2.64. Parker-Hannifin Corporation(PH) formally announced its most recent dividend on January 27, 2017 with a Dividend per share of $0.66. The new indicated annual dividend based on announced dividend per share is $2.64. The dividend yield based on the forward looking indicated annual dividend is 1.7%. Parker-Hannifin Corporation(PH) has the most recent dividend payout ratio of 0.36 with a 5-year average payout ratio of 0.31. The Ex-Dividend amount last paid was $0.66 on February 8, 2017. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.05. The 5 year historical dividend growth of Parker-Hannifin Corporation(PH) is at the rate of 12.96% while the R-Squared dividend growth is 0.88. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Parker-Hannifin Corporation (NYSE:PH) witnessed a decline in the market cap on Thursday as its shares dropped 0.69% or 1.08 points. After the session commenced at $155.47, the stock reached the higher end at $155.75 while it hit a low of $153.43. With the volume soaring to 823,166 shares, the last trade was called at $154.41. The company has a 52-week high of $156.44. The company has a market cap of $20,582 million and there are 133,293,693 shares in outstanding. The 52-week low of the share price is $97.61. Shares of Parker-Hannifin Corporation rose by 3.37% in the last five trading days and 7.41% for the last 4 weeks. Parker-Hannifin Corporation is up 10.77% in the last 3-month period. Year-to-Date the stock performance stands at 10.79%.

Currently the company Insiders own 2.73% of Parker-Hannifin Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -25.19% . Institutional Investors own 82.72% of Parker-Hannifin Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -26.31%. Company has reported several Insider transactions to the SEC, on Dec 13, 2016, Wolfgang R Schmitt (director) sold 6,335 shares at 141.19 per share price.On Dec 12, 2016, Candy M Obourn (director) sold 1,755 shares at 142.90 per share price.On Dec 6, 2016, William G Eline (VP- Chief Information Officer) sold 11,151 shares at 143.05 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Parker-Hannifin Corp was Upgraded by BofA/Merrill to Buy on Feb 15, 2017. Parker-Hannifin Corp was Upgraded by Argus to Buy on Feb 7, 2017. Company shares were Upgraded by BMO Capital Markets on Jan 13, 2017 to Outperform, Raises Price Target to $ 175 from a previous price target of $125 .Parker-Hannifin Corp was Initiated by Aegis Capital on Dec 9, 2016 to Hold, Price Target of the shares are set at $160.

Parker-Hannifin Corp Last issued its quarterly earnings results on Feb 2, 2017. The company reported $1.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.52. Analyst had a consensus of $1.39. The company had revenue of $2670.80 million for the quarter, compared to analysts expectations of $2690.13 million. The companys revenue was down -1.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.52 EPS.

Parker-Hannifin Corporation is a leading worldwide full-line manufacturer of motion control products, including fluid power systems, electro-mechanical controls and related components. Fluid power involves the transfer and control of power through the medium of liquid, gas or air, in hydraulic, pneumatic and vacuum applications. Fluid power systems move and position materials, control machines, vehicles and equipment and improve industrial efficiency and productivity.

Parker-Hannifin

Share this post

Leave a Reply