Parker-Hannifin Corporation (PH) to Issue Quarterly Dividend of $1.80 on December 5th

Parker-Hannifin Corporation (NYSE:PH) declared a quarterly dividend on Wednesday, October 22nd. Investors of record on Friday, November 7th will be paid a dividend of 1.80 per share by the industrial products company on Friday, December 5th. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 7th.

Parker-Hannifin has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 70 years. Parker-Hannifin has a payout ratio of 24.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Parker-Hannifin to earn $29.29 per share next year, which means the company should continue to be able to cover its $7.20 annual dividend with an expected future payout ratio of 24.6%.

Parker-Hannifin Stock Performance

Shares of PH stock opened at $769.55 on Wednesday. The firm has a market capitalization of $97.38 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 3.21 and a beta of 1.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.19 and a quick ratio of 0.71. The business has a fifty day moving average of $755.33 and a 200 day moving average of $709.07. Parker-Hannifin has a 1 year low of $488.45 and a 1 year high of $792.53.

Parker-Hannifin (NYSE:PH) last issued its earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.08 by $0.61. The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $6.77 EPS. Parker-Hannifin has set its FY 2026 guidance at 28.400-29.400 EPS. As a group, research analysts expect that Parker-Hannifin will post 26.71 earnings per share for the current year.

Parker-Hannifin Company Profile

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 ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.