Parker-Hannifin is the bluest of the blue in the eyes of dividend growth investors. This company has been raising its dividend annually for the last 57 years and this week they raised it once again another 31%. Parker-Hannifin is one of the premier companies on the list of Dividend Kings. The Dividend Kings are a select group and there's only one company (Diebold) that has been increasing its dividend longer and only three others (Dover Corp, Genuine Parts, and Proctor and Gamble) have been raising it an equal number of years. |
The Company
Parker-Hannifin Corporation (PH) manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. It operates through two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides pneumatic, fluidic, and electromechanical components and systems; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic components and systems for builders and users of industrial and mobile machinery and equipment; critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions; and static and dynamic sealing devices. This segment sells its products to original equipment manufacturers and their replacement markets in manufacturing, packaging, processing, transportation, mobile construction, refrigeration and air conditioning, agricultural, and military machinery and equipment industries. The Aerospace Systems segment offers flight control, hydraulic, fuel, fluid conveyance, and engine systems and components for commercial and military airframe, and engine programs. It also provides electronics thermal management heat rejection systems, and single-phase and two-phase heat collection systems for radar, ISAR, and power electronics. This segment markets its products directly to original equipment manufacturers and end users in the commercial and military aerospace markets. The company markets its products through direct-sales employees, independent distributors, and sales representatives. Parker-Hannifin Corporation was founded in 1918 and is headquartered in Cleveland, Ohio. (Daily Chart) (Weekly Chart) | 23 October Price $116.39 1yr Target $125.07 Analysts 15 1yr Cap Gain 7.45% Dividend $1.92 Yield 1.64% 1yr EST Tot Return 9.09% Market Cap $17.32 Bil Beta 1.57 EPS (ttm) $6.86 Payout Ratio 27.98% EPS next yr $8.60 P/E 16.97 PEG 1.65 Forward P/E 13.53 Debt/Equity 0.35 ROA 8.00% ROE 16.30% ROI 11.60% Sales $13.22 Bil Income $1.04 Bil Profit Margin 7.86% |
The Fundamentals
Year 2016 Est 2015 Est 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 | Revenues $14.13 Bil $13.56 Bil $13.21 Bil $13.01 Bil $13.14 Bil $12.34 Bil $9.99 Bil $10.30 Bil $12.14 Bil $10.71 Bil $9.38 Bil $8.21 Bil $7.10 Bil $6.41 Bil | Earnings $8.60 $7.67 $6.87 $6.26 $7.45 $6.37 $3.40 $3.13 $5.53 $4.67 $3.71 $3.34 $1.94 $1.12 | Dividends $2.75 $2.52 $1.89 $1.74 $1.58 $1.35 $1.03 $1.00 $0.88 $0.72 $0.63 $0.54 $0.51 $0.50 | Payout Ratio 31.97% 32.85% 27.51% 27.79% 21.20% 21.19% 30.29% 31.94% 15.91% 15.41% 16.98% 16.16% 26.28% 44.64% |
Revenue Growth Rate 1 year = 1.53% 2 year = 0.26% 3 year = 2.27% 4 year = 7.23% 5 year = 5.10% 10 year = 6.40% | Earnings Growth Rate 1 year = 9.75% 2 year = -3.98% 3 year = 2.52% 4 year = 19.22% 5 year = 17.02% 10 year = 13.47% | Dividend Growth Rate 1 year = 8.62% 2 year = 9.37% 3 year = 11.74% 4 year = 16.38% 5 year = 13.57% 10 year = 14.22% |
The Technicals
The Competition
Conclusion