Parker-Hannifin Corporation (PH) to Distribute Quarterly Dividend of $2.00 on December 4th

Parker-Hannifin Corporation (NYSE:PH) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Friday, November 13th will be given a dividend of $2.00 per share by the industrial products company on Friday, December 4th. This represents a $8.00 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, November 13th.

Parker-Hannifin has increased its dividend by an average of 0.2% per year over the last three years and has increased its dividend annually for the last 70 consecutive years. Parker-Hannifin has a dividend payout ratio of 27.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Parker-Hannifin to earn $39.98 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 20.0%.

Parker-Hannifin Stock Up 2.0%

Shares of NYSE PH opened at $930.01 on Friday. The stock has a market capitalization of $117.28 billion, a P/E ratio of 32.64, a P/E/G ratio of 2.54 and a beta of 1.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.26 and a quick ratio of 0.74. Parker-Hannifin has a 1 year low of $755.10 and a 1 year high of $1,099.94. The company has a 50-day moving average price of $958.23 and a 200-day moving average price of $949.88.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 EPS for the quarter, topping the consensus estimate of $8.31 by $0.96. Parker-Hannifin had a return on equity of 28.48% and a net margin of 16.97%. The firm had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the prior year, the business posted $7.69 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. On average, equities research analysts forecast that Parker-Hannifin will post 35.72 EPS for the current fiscal year.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation is a diversified manufacturer of motion and control technologies and systems. The company serves aerospace, industrial, and other specialized markets with products designed to control the movement and flow of liquids and gases, as well as mechanical motion and power.

Its product portfolio includes hydraulic and pneumatic systems, filtration and process-control equipment, electromechanical technologies, sealing and shielding products, connectors, pumps, valves, and related components.