Parker-Hannifin Corporation (NYSE:PH) Given Price Target Of $117.444


As per Parker-Hannifin Corporation (NYSE:PH)’s news release on 2016-08-19, its shareholders will get cash dividend of $0.63 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-29 and 2016-09-09, respectively.

The stock will commence trading ex-dividend from 2016-08-25, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Parker-Hannifin Corporation (NYSE:PH) disbursed $0.63 in dividend compared to distribution of $0.63, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 6.3291%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Parker-Hannifin Corporation (NYSE:PH) to attain a price target of $117.444. It is an average estimate figure given by 9 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $130. The low price range is set at $105 for next year while the arithmetic mean is seen at 2.54.

Eyeing Earnings Parker-Hannifin Corporation (NYSE:PH) is likely to post quarterly numbers around 2016-10-27 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.55 for the period ending on 2016-09-30.

In last quarter ended 2016-06-30, Parker-Hannifin Corporation (NYSE:PH) earnings came at $1.9 suggesting a deviation of $0.13. The brokerages targeted EPS of $1.77 for the quarter.

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