Parker Hannifin (XTER:PAR) 3-Year Share Buyback Ratio : 0.10% (As of Dec. 2024)

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What is Parker Hannifin 3-Year Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Parker Hannifin's current 3-Year Share Buyback Ratio was 0.10%.

The historical rank and industry rank for Parker Hannifin's 3-Year Share Buyback Ratio or its related term are showing as below:

XTER:PAR' s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -5.5 Med: 0.2 Max: 3.8
Current: 0.1

During the past 13 years, Parker Hannifin's highest 3-Year Share Buyback Ratio was 3.80%. The lowest was -5.50%. And the median was 0.20%.

XTER:PAR's 3-Year Share Buyback Ratio is ranked better than
79.13% of 1864 companies
in the Industrial Products industry
Industry Median: -2.4 vs XTER:PAR: 0.10

Competitive Comparison of Parker Hannifin's 3-Year Share Buyback Ratio

For the Specialty Industrial Machinery subindustry, Parker Hannifin's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Parker Hannifin's 3-Year Share Buyback Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Parker Hannifin's 3-Year Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Parker Hannifin's 3-Year Share Buyback Ratio falls into.

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Parker Hannifin 3-Year Share Buyback Ratio Calculation

This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Parker Hannifin (XTER:PAR) 3-Year Share Buyback Ratio Explanation

A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

Parker Hannifin 3-Year Share Buyback Ratio Related Terms

Thank you for viewing the detailed overview of Parker Hannifin's 3-Year Share Buyback Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Parker Hannifin Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Parker Hannifin Corp (XTER:PAR) » Definitions » 3-Year Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

PH:USA PH:Mexico 1PH:Italy 0KFZ:UK PAR:Germany P1HC34:Brazil PH:Austria

Address

6035 Parkland Boulevard, Cleveland, OH, USA, 44124-4141

Website

https://www.parker.com

Parker Hannifin started out in 1917 as Parker Appliance, selling pneumatic brakes. Through the acquisition of branded components, the firm has expanded into aerospace engines, agricultural and construction machinery, freight and passenger vehicles, and industrial automation equipment. Within these larger systems, Parker sells a wide array of small, critical pieces such as hydraulic, electromechanical, climate control, and filtration components. Many of its products are designed to work together, resulting in a high rate of cross-selling.