Parker-Hannifin (NYSE:PH – Get Free Report) announced its earnings results on Thursday. The industrial products company reported $6.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.23 by $0.30, Zacks reports. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. Parker-Hannifin updated its FY 2025 guidance to 26.400-27.000 EPS.
Parker-Hannifin Stock Up 4.4 %
PH traded up $29.06 on Thursday, reaching $694.87. The company’s stock had a trading volume of 537,307 shares, compared to its average volume of 600,815. Parker-Hannifin has a 1 year low of $463.16 and a 1 year high of $712.42. The business’s 50 day moving average is $666.79 and its 200 day moving average is $627.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.57. The stock has a market cap of $89.44 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 2.76 and a beta of 1.45.
Parker-Hannifin Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 7th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, February 7th. Parker-Hannifin’s payout ratio is 29.45%.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on Parker-Hannifin
Insiders Place Their Bets
In other Parker-Hannifin news, VP Joseph R. Leonti sold 5,877 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $631.04, for a total transaction of $3,708,622.08. Following the sale, the vice president now owns 15,350 shares in the company, valued at $9,686,464. This represents a 27.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jennifer A. Parmentier sold 4,906 shares of Parker-Hannifin stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $704.69, for a total value of $3,457,209.14. Following the completion of the transaction, the chief executive officer now owns 33,607 shares of the company’s stock, valued at approximately $23,682,516.83. The trade was a 12.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,077 shares of company stock worth $12,303,829 in the last three months. 0.39% of the stock is owned by insiders.
About Parker-Hannifin
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.
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