Summary:
- Parker-Hannifin (PH, Financial) raises its quarterly dividend by 10.4% to $1.80 per share.
- Analysts project a potential 17.61% upside in the stock with a one-year target price of $701.92.
- The GF Value suggests a significant downside risk in the current stock price.
Parker-Hannifin's Dividend Boost
Parker-Hannifin (PH) has recently announced an impressive 10.4% increase in its quarterly dividend, raising it to $1.80 per share from the previous $1.63. This adjustment elevates the forward yield to 1.21%. Shareholders who are recorded by May 9 will be eligible to receive the dividend on June 6.
Analyst Predictions for Parker Hannifin
According to projections from 18 analysts, Parker Hannifin Corp (PH, Financial) has an average one-year price target of $701.92. The estimates range from a high of $824.00 to a low of $564.00, representing a potential upside of 17.61% from its current trading price of $596.81. For a detailed breakdown of these estimates, visit the Parker Hannifin Corp (PH) Forecast page.
Brokerage Recommendations and GF Value Analysis
The consensus recommendation from 23 brokerage firms positions Parker Hannifin Corp (PH, Financial) with an average brokerage recommendation of 2.0, categorizing it as "Outperform." This rating is based on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Sell.
In contrast, GuruFocus' proprietary GF Value metric estimates Parker Hannifin Corp's (PH, Financial) fair value at $433.25. This suggests a potential downside of 27.41% from the current price of $596.81. The GF Value is derived from historical stock trading multiples, past business growth, and future business performance projections. For further insights, visit the Parker Hannifin Corp (PH) Summary page.
