Parker-Hannifin Corporation Announces Quarterly Dividend of $2.00 (NYSE:PH)

Parker-Hannifin Corporation (NYSE:PH) declared a quarterly dividend on Thursday, August 20th. Investors of record on Monday, August 31st will be paid a dividend of 2.00 per share by the industrial products company on Friday, September 11th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, August 31st.

Parker-Hannifin has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 70 years. Parker-Hannifin has a dividend payout ratio of 27.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Parker-Hannifin to earn $38.18 per share next year, which means the company should continue to be able to cover its $8.00 annual dividend with an expected future payout ratio of 21.0%.

Parker-Hannifin Trading Down 2.1%

Shares of PH stock opened at $1,001.54 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.26. The stock has a fifty day simple moving average of $982.40 and a two-hundred day simple moving average of $948.37. The firm has a market capitalization of $126.28 billion, a PE ratio of 35.15, a PEG ratio of 2.66 and a beta of 1.12. Parker-Hannifin has a 52-week low of $715.37 and a 52-week high of $1,099.94.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, topping analysts’ consensus estimates of $8.31 by $0.96. The firm had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.57 billion. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%.The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.69 earnings per share. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, analysts predict that Parker-Hannifin will post 34.93 EPS for the current fiscal year.

About Parker-Hannifin

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.