Parker Hannifin Stock Today
| PH Stock | USD 706.87 4.19 0.60% |
Performance15 of 100
| Odds Of DistressLess than 7
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Parker Hannifin is trading at 706.87 as of the 24th of November 2024. This is a 0.60% increase since the beginning of the trading day. The stock's open price was 702.68. Parker Hannifin has only a 7 % chance of going through financial distress over the next few years and had a good performance during the last 90 days. Note, on November 11, 2024, Representative Ro Khanna of US Congress acquired under $15k worth of Parker Hannifin's common stock.
Business Domain Capital Goods | IPO Date 1st of July 1985 | Category Industrials |
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company was founded in 1917 and is headquartered in Cleveland, Ohio. Parker-Hannifin Corp operates under Specialty Industrial Machinery classification in the United States and is traded on New York Stock Exchange. The company has 128.72 M outstanding shares of which 1.03 M shares are at this time sold short in the market by investors with about 1.96 days to cover all shorted shares. More on Parker Hannifin
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ESG Sustainability
Environmental | Governance | Social |
| Chairman | Thomas Williams | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Industrial Machinery & Supplies & Components, Specialty Industrial Machinery, Industrials, NYSE Composite, SP 500 Index, Farming, Plastics, Construction Materials, Industrials, Machinery, Specialty Industrial Machinery, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial Strength
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Debt LevelsParker Hannifin can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Parker Hannifin's financial leverage. It provides some insight into what part of Parker Hannifin's total assets is financed by creditors.
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Parker Hannifin (PH) is traded on New York Stock Exchange in USA. It is located in 6035 Parkland Boulevard, Cleveland, OH, United States, 44124-4141 and employs 61,120 people. Parker Hannifin is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a market capitalization of 90.99 B. Parker Hannifin is active under Machinery sector as part of Industrials industry. The entity has 128.72 M outstanding shares of which 1.03 M shares are at this time sold short in the market by investors with about 1.96 days to cover all shorted shares.
Parker Hannifin reports about 475.18 M in cash with 3.38 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.39.
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Ownership AllocationParker Hannifin owns a total of 128.72 Million outstanding shares. The majority of Parker Hannifin outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Parker Hannifin to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Parker Hannifin. Please pay attention to any change in the institutional holdings of Parker Hannifin as this could imply that something significant has changed or is about to change at the company. On November 11, 2024, Representative Ro Khanna of US Congress acquired under $15k worth of Parker Hannifin's common stock.
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Parker Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Dz Bank Ag Deutsche Zentral-genossenschaftsbank Frankfurt Am Main | 2024-09-30 | 1.8 M | |
| Norges Bank | 2024-06-30 | 1.7 M | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 1.6 M | |
| Nuveen Asset Management, Llc | 2024-06-30 | 1.5 M | |
| Wellington Management Company Llp | 2024-06-30 | 1.4 M | |
| Northern Trust Corp | 2024-09-30 | 1.2 M | |
| Royal Bank Of Canada | 2024-06-30 | 1 M | |
| Legal & General Group Plc | 2024-06-30 | 985.3 K | |
| Goldman Sachs Group Inc | 2024-06-30 | 952.5 K | |
| Vanguard Group Inc | 2024-09-30 | 10.7 M | |
| Blackrock Inc | 2024-06-30 | 8.7 M |
Parker Hannifin Historical Income Statement
Parker Stock Against Markets
Parker Hannifin Corporate Directors
| Jillian Evanko | Independent Director | Profile | |
| Lance Fritz | Independent Director | Profile | |
| Robert Bohn | Independent Director | Profile | |
| James Wainscott | Lead Independent Director | Profile |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parker Hannifin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. For more detail on how to invest in Parker Stock please use our How to Invest in Parker Hannifin guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Parker Hannifin. If investors know Parker will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Parker Hannifin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.07 | Dividend Share 6.22 | Earnings Share 22.2 | Revenue Per Share 155.467 | Quarterly Revenue Growth 0.012 |
The market value of Parker Hannifin is measured differently than its book value, which is the value of Parker that is recorded on the company's balance sheet. Investors also form their own opinion of Parker Hannifin's value that differs from its market value or its book value, called intrinsic value, which is Parker Hannifin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Parker Hannifin's market value can be influenced by many factors that don't directly affect Parker Hannifin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Parker Hannifin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Parker Hannifin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parker Hannifin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.