How to Buy Parker Hannifin Stock
Parker Hannifin Corp
Parker Hannifin is a specialty industrial machinery company located in Ohio, United States, which is part of the Industrials sector, and is traded under the ticker PH on the NYSE exchange.
Parker Hannifin stock last closed at $566.65, up 3.54% from the previous day, and has increased 4.99% in one year. It has overperformed other stocks in the Specialty Industrial Machinery industry by 0.14 percentage points. Parker Hannifin stock is currently +16.01% from its 52-week low of $488.45, and -21.13% from its 52-week high of $718.44.
There are currently 128.76M PH shares outstanding. The market cap of PH is $72.96B. In the past 24 hours, 716,882 PH shares were traded.
How to Buy Parker Hannifin Stock
Not sure how to invest in Parker Hannifin stock? Here's how.
- Figure out where to buy Parker Hannifin stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you decide where to buy Parker Hannifin stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Pick your payment method and add your details.
- Analyze Parker Hannifin stock: The Parker Hannifin ticker symbol is PH. Is Parker Hannifin stock a good investment? Should you buy shares of PH? How do PH's underlying business fundamentals look? Do top analysts think Parker Hannifin is a good buy? Why has PH's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if PH is a good stock to buy).
- Execute your PH trade: Decide if you will purchase PH shares at the current market price or use a limit order to buy PH shares at a given price.
- Keep tabs on your PH position: Create a watchlist to keep tabs on your new investment in Parker Hannifin shares.
Step 1: Figure out where to buy Parker Hannifin stock
You need a brokerage account to access the NYSE market and buy PH stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the right brokerage, you'll need to fill out some personal details so you are able to invest in PH today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start your new trading account.
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Step 3: Fund your investment account
Now that you've finished signing up on the best stock market app for beginners, you need to deposit funds:
Watch the tutorial below to see the process of depositing money into your new investment account.
Step 4: Analyze Parker Hannifin stock
Once you have identified the best place to buy Parker Hannifin stock, it's very important to research their stock before you invest, so you truly wrap your head around the risk and upside.
Parker Hannifin Metrics
PH Fundamentals
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on PH's stock page.
Is PH stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge PH's intrinsic value.
Using relative valuations methods:
- PH could be undervalued based on its P/E ratio of 23.08x, relative to Specialty Industrial Machinery industry P/E ratio of 23.97x
- PH may be overvalued based on its P/B ratio of 5.56x, relative to Specialty Industrial Machinery industry P/B ratio of 4.85x
- PH could be overvalued based on its PEG ratio of 2.86x
You can access more valuation research on PH's stock here.
PH Financial Health Overview
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the PH balance sheet.
- Total PH debt is lower than 5 years ago, relative to shareholder equity.
- PH's operating cash flow of $3.71B allows it to safely service it's debt of $9.04B.
- PH earnings of $4.40B is not sufficient to cover its interest payments.
- PH profit margin has gone up from 13.3% to 15.9% in the past year.
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the PH balance sheet.
- PH has a relatively high debt to equity ratio of 1.15.
Do Wall Street analysts think it's a good time to buy PH stock
Out of 13 Equities analysts who give forecasts on PH, the consensus analyst rating on Parker Hannifin is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent PH Analyst Forecasts
David Raso, a top 21% analyst from Evercore ISI Group maintains PH with a buy rating and raises their PH price target from $777.00 to $824.00, on Feb 19, 2025.
Amit Mehrotra, a top 17% analyst from UBS maintains PH with a strong buy rating and lowers their PH price target from $842.00 to $805.00, on Jan 31, 2025.
Jeffrey Holford, a top 44% analyst from KeyBanc maintains PH with a strong buy rating and raises their PH price target from $775.00 to $790.00, on Jan 31, 2025.
Joseph O'Dea, a top 28% analyst from Wells Fargo maintains PH with a strong buy rating and raises their PH price target from $710.00 to $775.00, on Jan 31, 2025.
Stephen Volkmann, a top 18% analyst from Jefferies maintains PH with a strong buy rating and raises their PH price target from $765.00 to $810.00, on Dec 6, 2024.
Jefferies's Stephen Volkmann raised their price target on Parker Hannifin (NYSE: PH) by 5.9% from $765 to $810 on 2024/12/06. The analyst maintained their Strong Buy rating on the stock.
Volkmann's price target hike was delivered in a 2025 preview of names in their Machinery and Industrial sector coverage area.
The analyst told investors that Jefferies named Parker Hannifin their "Top Pick for the year."
With markets increasingly bullish on industrial trends and valuations close to historical highs, the analyst cautioned that they are becoming "increasingly selective" when predicting the environment for 2025.
Volkmann believes Parker Hannifin's dedication to increasing margins, especially during periods of falling volumes, bodes well for future multiple expansions and will help close the value gap with premium industrial competitors.
You can dig deeper into what analysts are saying on the Parker Hannifin stock forecast page.
Metrics for Advanced PH Traders
PH Growth Metrics
Last year, PH earnings were $3.16B. Over the past 5 year, PH's earnings have increased by 17.98% per year. This was faster than the Specialty Industrial Machinery industry average of 5.92%.
Last year, PH revenue was $19.91B. Over the past 5 year, PH's revenue has increased by 6.99% per year. This was faster than the Specialty Industrial Machinery industry average of 2.38%.
You can research PH's earnings and revenue performance here.
Latest Insiders Trades at PH
In the last 12 months, executives and large shareholders at PH have sold more shares than they have bought.
Mark T. Czaja, VP Chief Tech. Innov. Off. of PH, was the latest PH insider to sell. They sold $266,947.50 worth of PH stock on Jan 31, 2025.
Research more about who owns PH shares here.
Does PH provide a stable income stream?
No, Parker Hannifin doesn't provide an income stream by paying out dividends.
PH Social Trading Data
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Execute your PH trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given price, use a limit order.
Hit the Open Trade button and eToro will place the order.
If you want more help with buying stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your PH position
Now that you own some PH shares, you'll want to stay up-to-date on your investment.
Create a watchlist to see the latest developments about your PH stock.
PH Feed
How to Buy Stock in Parker Hannifin
To reiterate, here are the 6 steps to buy Parker Hannifin stock:
- Figure out where to buy Parker Hannifin stock
- Create your brokerage account
- Fund your investment account
- Analyze Parker Hannifin stock
- Execute your PH trade
- Keep tabs on your PH position
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to watch your new investment in Parker Hannifin, create your watchlist below.
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