Parker-Hannifin Stock Performance

PH
 Stock
  

USD 308.00  5.74  1.90%   

On a scale of 0 to 100, Parker-Hannifin Corp holds a performance score of 9. The company holds a Beta of 1.3268, which implies a somewhat significant risk relative to the market. Let's try to break down what Parker-Hannifin's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Parker-Hannifin Corp will likely underperform. Although it is vital to follow Parker-Hannifin Corp current trending patterns, it is good to be conservative about what you can do with the information regarding equity existing price patterns. The philosophy towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Parker-Hannifin Corp technical indicators, you can presently evaluate if the expected return of 0.26% will be sustainable into the future. Please employ Parker-Hannifin Corp information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to make a quick decision on whether Parker-Hannifin Corp historical price patterns will revert.
  
Parker-Hannifin Performance
9 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Parker-Hannifin Corp are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite nearly inconsistent technical indicators, Parker-Hannifin Corp reported solid returns over the last few months and may actually be approaching a breakup point. ...more

Structure and Payout Changes

Forward Annual Dividend Yield
0.0176
Payout Ratio
0.24
Last Split Factor
3:2
Forward Annual Dividend Rate
5.32
Dividend Date
2022-06-03
Ex Dividend Date
2022-05-12
Last Split Date
2007-10-02

Parker-Hannifin Price Channel

Quick Ratio0.59
Fifty Two Week Low230.44
Target High Price404.00
Fifty Two Week High340.00
Payout Ratio43.81%
Trailing Annual Dividend Yield1.53%
Target Low Price260.00

Parker-Hannifin Corp Relative Risk vs. Return Landscape

If you would invest  26,540  in Parker-Hannifin Corp on May 14, 2022 and sell it today you would earn a total of  4,260  from holding Parker-Hannifin Corp or generate 16.05% return on investment over 90 days. Parker-Hannifin Corp is generating 0.2598% of daily returns and assumes 1.9873% volatility on return distribution over the 90 days horizon. Put differently, 17% of stocks are less risky than Parker-Hannifin on the basis of their historical return distribution, and some 96% of all equities are expected to be superior in generating returns on investments over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Allowing for the 90-day total investment horizon Parker-Hannifin Corp is expected to generate 1.56 times more return on investment than the market. However, the company is 1.56 times more volatile than its market benchmark. It trades about 0.13 of its potential returns per unit of risk. The DOW is currently generating roughly 0.07 per unit of risk.

Parker-Hannifin Corp Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Parker-Hannifin Corp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Parker-Hannifin Corp, and traders can use it to determine the average amount a Parker-Hannifin Corp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1307

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Estimated Market Risk
 1.99
  actual daily
 
 17 %
of total potential
 
1717
Expected Return
 0.26
  actual daily
 
 4 %
of total potential
 
44
Risk-Adjusted Return
 0.13
  actual daily
 
 9 %
of total potential
 
99
Based on monthly moving average Parker-Hannifin Corp is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Parker-Hannifin Corp by adding it to a well-diversified portfolio.

About Parker-Hannifin Corp Performance

To evaluate Parker-Hannifin Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Parker-Hannifin Corp generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Parker-Hannifin Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Parker-Hannifin Corp stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Parker-Hannifin's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Effect of Exchange Rate Changes on Cash-14.7 M-15.8 M
Return on Investment 18.45  19.50 
Return on Average Assets 10.02  9.86 
Return on Average Equity 21.66  19.61 
Return on Invested Capital 0.26  0.26 
Return on Sales 0.17  0.16 
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company was founded in 1917 and is headquartered in Cleveland, Ohio. Parker-Hannifin Corp operates under Industrial Equipment And Light Machinery classification in the United States and is traded on New York Stock Exchange.

Things to note about Parker-Hannifin Corp

Checking the ongoing alerts about Parker-Hannifin Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Parker-Hannifin Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Parker-Hannifin Corp Alerts

Equity Alerts and Improvement Suggestions

Parker-Hannifin Corp has a frail financial position based on the latest SEC disclosures
Over 85.0% of the company shares are owned by institutional investors
Latest headline from www.nasdaq.com: These Analysts Think Louisiana-Pacific Corporations Sales Are Under Threat - Nasdaq
Please check Your Equity Center. Note that the Parker-Hannifin Corp information on this page should be used as a complementary analysis to other Parker-Hannifin Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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Is Parker-Hannifin Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Parker-Hannifin Corp. If investors know Parker-Hannifin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Parker-Hannifin Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.74
Market Capitalization
38.8 B
Quarterly Revenue Growth YOY
0.058
Return On Assets
0.0769
Return On Equity
0.15
The market value of Parker-Hannifin Corp is measured differently than its book value, which is the value of Parker-Hannifin that is recorded on the company's balance sheet. Investors also form their own opinion of Parker-Hannifin Corp's value that differs from its market value or its book value, called intrinsic value, which is Parker-Hannifin Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Parker-Hannifin Corp's market value can be influenced by many factors that don't directly affect Parker-Hannifin Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Parker-Hannifin Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Parker-Hannifin Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Parker-Hannifin Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.