Parker-Hannifin Corporation (NYSE:PH) to Issue $2.00 Quarterly Dividend

Parker-Hannifin Corporation (NYSE:PH) declared a quarterly dividend on Thursday, August 20th. Shareholders 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) dividend on an annualized basis 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 increased its dividend every year for the last 70 years. Parker-Hannifin has a payout ratio of 27.6% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

PH opened at $1,001.54 on Friday. Parker-Hannifin has a 52-week low of $715.37 and a 52-week high of $1,099.94. The company has a 50 day moving average of $982.40 and a two-hundred day moving average of $948.37. The company has a market cap of $126.28 billion, a P/E ratio of 35.15, a P/E/G ratio of 2.66 and a beta of 1.12. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 0.44.

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