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Company Update (NYSE:PH): Parker Declares Quarterly Cash Dividend

[GlobeNewswire] – CLEVELAND, April 22, 2016– Parker Hannifin Corporation, the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend … Read more on this. Parker-Hannifin Corporation (PH) , with a current market cap of $15.40B, began trading this morning at $113.30. Today’s price range has been between $113.26 and $114.55 per share with a trailing 52-week range being $83.32 to $125.33. Parker Hannifin (PH) shares are currently priced at 18.50x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.60x earnings multiple for the same period. And for income investors, the company pays shareholders $2.52 per share annually in dividends, yielding 2.21%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.44 per share, which would be $0.62 worse than the year-ago quarter and a $0.15 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $6.10, which would be a $1.15 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.83 Billion. If reported, that would be a 10.44% decrease over the year-ago quarter. Recently, Avondale Initiated PH at Mkt Perform (Apr 8, 2016). Previously, Barclays Initiated PH at to Equal Weight. The average price target for PH shares is $104.76, which is 7.54% below where the stock opened this morning. See more in (NYSE:PH) Similar Articles: Market Update: Parker-Hannifin Corporation (NYSE:PH) – Parker Declares Quarterly Cash Dividend Company Update: Parker-Hannifin Corporation (NYSE:PH) – Parker Hannifin Announces Retirement of Donald E. Washkewicz, Chairman of the Board and former CEO and President, After 43 Years of Service Market Update (NYSE:PH): Parker Declares Quarterly Cash Dividend
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