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Parker Hannifin Corp PH Stock Quote

| Rating as of


Pre-Market: 383.89 0.00 | 0.00 %

| Currency in USD

  • Last Close 383.89
  • Sector Industrials
  • Industry Specialty Industrial Machinery
  • Investment Style Large Blend
  • Day Range 382.50  –  390.84
  • Year Range 235.69  –  428.16
  • Market Cap 49.3336 Bil
  • Volume / Avg 2.0 /  670,582.3
  • Price / Sales 2.61
  • Price / Book 4.77
  • Forward Div Yield 1.55%
  • Trailing Div Yield 1.46%

Morningstar‘s Stock Analysis PH

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Orders Are Weak, but Parker's Backlog Coverage Remains Strong and the Win Strategy Keeps Working

Joshua Aguilar Senior Equity Analyst

Business Strategy and Outlook

| Joshua Aguilar |

Parker Hannifin is a well-run diversified industrial conglomerate with exposure to a wide variety of end markets. Over time, we believe the firm can achieve its goals of outpacing industrial production and margin expansion on the heels of its newest Win Strategy and large acquisitions of Clarcor, Lord, Exotic Metals, and Meggitt. We believe part of Parker’s strength lies in its broad range of motion and control technologies with a wide variety of applications, including hydraulics and pneumatics, fluid and gas handling, and sealing. Parker says about 85% of the revenue from these technologies has intellectual property protection, which we believe helps cement its competitive position, given the long product lifecycles and low reinvestment needs of this business. Parker's acquisitions brought in technologies that filled major gaps in its existing portfolio, including in filtration, engineered materials, and vibration technologies. With these acquisitions, the firm gains an even stronger foothold in the highly attractive higher-margin aftermarket and doubles down on long-cycle businesses.

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Key Statistics PH

Company Profile PH

Business Description

Parker Hannifin is an industrial conglomerate operating through two segments: diversified industrial, which serves a variety of end markets, and aerospace systems, which sells engine and actuation components. The diversified industrial segment consists of six groups, including engineered materials (sealing devices), filtration (filters and systems monitoring and removing contaminants from liquids and gases), fluid connectors (valves, couplings, and other fittings), instrumentation (flow manufacturing components and fluid control applications), and motion systems (hydraulic, pneumatic, and electromechanical components in industrial machinery and equipment). The segment boasts 17,100 independent distributors, and about 40% of its business occurs outside the United States.

6035 Parkland Boulevard
Cleveland, OH, 44124-4141
Industry Specialty Industrial Machinery
Employees 62,730

Related Articles PH

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of PH’s competitive advantage.

Parker Hannifin Corp


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RTX Corp

−$7.62 (1.95%) −$4.83 (2.24%) −$3.97 (2.07%) +$0.21 (0.29%)
Market Cap
49.33 Bil84.22 Bil124.75 Bil105.18 Bil
Specialty Industrial Machinery Specialty Industrial Machinery Conglomerates Aerospace & Defense

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Parker Hannifin Corp Stock

Yes. PH has a forward dividend yield of 1.54%. See PH’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

PH’s market cap is 49.33 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

PH’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

PH’s price/sales is 2.61.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

PH’s price/forward earnings is 23.93.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

PH’s price/book is 4.77.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See PH’s valuation ratios compared to the Market Index.

PH’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare PH’s historical performance against its industry peers and the overall market.