Parker-Hannifin Corporation (NYSE: PH) is a global leader in motion and control technologies, providing precision-engineered solutions for a wide range of industries, including aerospace, automotive, and industrial manufacturing. Founded in 1917, Parker-Hannifin is headquartered in Cleveland, Ohio, and is recognized for its innovation and commitment to sustainability.
Key Takeaways:
- Parker-Hannifin’s stock price is projected to experience steady growth over the next several decades.
- The company’s innovative technologies and strong market position contribute to its positive outlook.
- Factors such as industry trends, economic conditions, and technological advancements will influence the stock’s performance.
- Long-term investors may find Parker-Hannifin an attractive option for portfolio growth.
Overview of Parker-Hannifin Corporation
Parker-Hannifin Corporation, originally founded as Parker Appliance Company in 1917 by Arthur L. Parker in Cleveland, Ohio, started with a focus on pneumatic brake systems for trucks and buses. After overcoming early setbacks, including a major loss of inventory, the company rebounded in 1924, making a significant impact on the aviation industry by supplying hydraulic connectors, including for Charles Lindbergh’s historic 1927 flight.
In 1957, Parker acquired Hannifin Corporation, expanding its product range and leading to its rebranding as Parker-Hannifin Corporation. The company went public in 1964, shortly entering the Fortune 500. Over the years, Parker-Hannifin grew through more than 100 acquisitions, solidifying its position in aerospace, industrial, and mobile markets.
Parker-Hannifin Company Profile
| Country | United States |
| Ticker Symbol | PH |
| Exchange | NYSE |
| Founded | 1917 |
| IPO Date | 1985 |
| Industry | Manufacturing |
| Sector | Industrial Goods |
| Employees | 62,730 |
| CEO | Jennifer A. Parmentier |
| Market Cap (August 9, 2024) | $73.24 billion |
| Website | phstock |
Parker-Hannifin Corporation (PH) Balance Sheet Analysis
Parker-Hannifin Corporation’s (NYSE: PH) 2023 balance sheet reveals significant growth and financial changes. Total assets increased to $29.96 billion from $25.94 billion in 2022, while total liabilities rose to $19.63 billion from $17.08 billion.
The company’s equity strengthened to $10.34 billion, up from $8.86 billion. However, total debt climbed to $12.56 billion, with net debt at $12.08 billion. This increase in debt may indicate expanded operations or strategic investments.
Working capital turned negative at -$0.90 billion, a sharp decline from $6.19 billion in 2022. This shift could potentially impact short-term liquidity and operational flexibility. Net tangible assets remained negative, worsening to -$8.75 billion from -$2.03 billion in 2022.
Overall, while Parker-Hannifin shows growth in assets and equity, the increased liabilities, negative working capital, and declining net tangible assets suggest potential financial challenges. These aspects may require careful management and monitoring to ensure long-term financial stability and growth.
Balance Sheet Data Source: finance.yahoo
Parker-Hannifin Corporation Stock Price History
Parker-Hannifin Corporation (NYSE: PH) had its IPO in the year 1985. Parker-Hannifin (PH) had four stock splits: 3:2 in 1986, 1995, 1997, and 2007. One pre-1986 share equals 5.0625 shares today.1
As of August 9, 2024, the price of Parker-Hannifin stock stands at $569.81.
PH Stock Price Forecast 2024
In 2024, Parker-Hannifin’s stock is expected to show strong growth, driven by its innovative solutions in motion and control technologies. The company’s focus on digitalization and smart manufacturing is likely to attract investors and boost market confidence.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $420.00 | $655.00 | $786.00 |
We project a potential growth of 14.95% from the current price, with an average price of $655.00 for the year.
Parker-Hannifin’s strategic acquisitions and expansions in emerging markets are expected to contribute significantly to its growth in 2024. The company’s ongoing investments in research and development, particularly in aerospace and electrification technologies, are likely to strengthen its market position and drive stock value.
PH Stock Price Forecast 2025
Moving into 2025, Parker-Hannifin is poised for further growth as global industrial markets recover and demand for advanced technologies increases.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $697.50 | $737.50 | $958.75 |
Our forecast suggests a 12.60% growth from 2024, with an average price of $737.50.
In 2025, Parker-Hannifin is expected to benefit from increased infrastructure spending globally. The company’s innovative solutions in hydraulics and pneumatics are likely to see higher demand in construction and manufacturing sectors. Additionally, its advancements in clean energy technologies may attract environmentally conscious investors.
PH Stock Price Forecast 2026
In 2026, we expect Parker-Hannifin to capitalize on emerging trends in automation and smart manufacturing, potentially boosting its stock value.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $787.50 | $832.50 | $999.00 |
We anticipate a 12.88% increase from 2025, with an average price of $832.50.
Parker-Hannifin’s focus on Industry 4.0 solutions is expected to pay off in 2026, with increased adoption of its smart manufacturing technologies. The company’s expansion in the Asia-Pacific region may also contribute to its growth, tapping into rapidly developing industrial markets in countries like India and Southeast Asian nations.
PH Stock Price Forecast 2027
As we move into 2027, Parker-Hannifin’s continued focus on innovation and expansion into new markets may drive further stock price appreciation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $890.00 | $940.00 | $1,222.00 |
Our analysis points to a potential 12.91% growth from 2026, with an average price of $940.00.
In 2027, Parker-Hannifin’s aerospace division is expected to see significant growth, driven by increasing demand for more fuel-efficient aircraft. The company’s innovations in lightweight materials and advanced control systems may position it as a key supplier in the aerospace industry, potentially attracting more investors in this sector.
PH Stock Price Forecast 2028
In 2028, we expect Parker-Hannifin to benefit from increased adoption of its technologies in renewable energy and sustainable solutions.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $1,007.50 | $1,064.00 | $1,276.80 |
We project a 13.19% increase from 2027, with an average price of $1,064.00.
Parker-Hannifin’s investments in clean energy technologies are expected to yield significant returns in 2028. The global push towards sustainability may drive demand for the company’s energy-efficient solutions. Additionally, its advancements in electrification technologies could see increased adoption in the automotive and industrial sectors.
PH Stock Price Forecast 2029
As we approach the end of the decade, Parker-Hannifin’s stock may see continued growth driven by its strong position in aerospace and defense markets.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $1,142.50 | $1,207.00 | $1,569.10 |
Our forecast suggests a 13.44% growth from 2028, with an average price of $1,207.00.
In 2029, Parker-Hannifin’s defense sector operations may see substantial growth due to increased global defense spending. The company’s advanced motion and control technologies for military applications could become a significant revenue driver. Moreover, its continued focus on digitalization and IoT solutions may enhance its competitive edge across various industries.
PH Stock Price Forecast 2030
Entering the new decade, Parker-Hannifin’s stock price may reflect its advancements in electrification and clean technologies.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $1,295.00 | $1,368.00 | $1,641.60 |
We anticipate a 13.34% increase from 2029, with an average price of $1,368.00.
By 2030, Parker-Hannifin’s investments in electrification technologies are expected to pay off significantly. The company’s solutions for electric vehicles and renewable energy systems may see widespread adoption, driving stock value. Its continued focus on sustainable manufacturing processes could also appeal to environmentally conscious investors and customers alike.
Related: McKesson Corporation (MCK) Stock Forecast & Price Prediction
PH Stock Price Forecast 2031
In 2031, Parker-Hannifin’s continued focus on digital transformation and Industry 4.0 solutions may contribute to further stock price appreciation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $1,472.50 | $1,555.00 | $2,021.50 |
Our analysis points to a potential 13.67% growth from 2030, with an average price of $1,555.00.
Parker-Hannifin’s advancements in AI and machine learning applications for industrial processes are expected to be a major growth driver in 2031. The company’s smart manufacturing solutions may see increased adoption across various industries, enhancing productivity and efficiency. Its focus on data analytics could also provide valuable insights for customers, strengthening its market position.
PH Stock Price Forecast 2032
As we move further into the 2030s, Parker-Hannifin’s stock may benefit from increased global infrastructure spending and urbanization trends.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $1,670.00 | $1,764.00 | $2,116.80 |
We project a 13.44% increase from 2031, with an average price of $1,764.00.
In 2032, Parker-Hannifin’s diversified portfolio is expected to benefit from global urbanization trends. Its solutions for smart cities, including advanced water and air filtration systems, may see increased demand. The company’s expertise in motion and control technologies could play a crucial role in developing efficient urban infrastructure, potentially driving stock value.
PH Stock Price Forecast 2033
In 2033, Parker-Hannifin’s expansion into emerging markets and continued innovation in core technologies may drive stock price growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $1,897.50 | $2,004.00 | $2,605.20 |
Our forecast suggests a 13.61% growth from 2032, with an average price of $2,004.00.
Parker-Hannifin’s strategic expansion in emerging markets, particularly in Africa and South America, is expected to yield significant returns by 2033. The company’s localized manufacturing and R&D centers in these regions may help it tap into new customer bases and adapt products to local needs. Its focus on affordable and sustainable technologies for developing economies could open up new growth avenues.
PH Stock Price Forecast 2034
As we approach the mid-2030s, Parker-Hannifin’s stock may see continued appreciation due to its strong market position and diversified product portfolio.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $2,152.50 | $2,274.00 | $2,728.80 |
We anticipate a 13.47% increase from 2033, with an average price of $2,274.00.
By 2034, Parker-Hannifin’s investments in quantum computing applications for industrial processes may start showing returns. This cutting-edge technology could revolutionize product design, manufacturing processes, and supply chain management. The company’s ability to integrate quantum computing into its existing technologies may give it a significant competitive advantage, potentially boosting investor confidence.
PH Stock Price Forecast 2035
In 2035, Parker-Hannifin’s focus on sustainable technologies and energy-efficient solutions may contribute to further stock price growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $2,445.00 | $2,582.00 | $3,356.60 |
Our analysis points to a potential 13.54% growth from 2034, with an average price of $2,582.00.
Parker-Hannifin’s commitment to sustainability is expected to pay significant dividends by 2035. The company’s carbon-neutral manufacturing processes and circular economy initiatives may appeal strongly to environmentally conscious investors and customers. Its innovations in energy storage and distribution technologies could also play a crucial role in global efforts to combat climate change, potentially driving stock value.
PH Stock Price Forecast 2036
As we move into the latter half of the 2030s, Parker-Hannifin’s stock may benefit from increased demand for advanced aerospace and defense technologies.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $2,777.50 | $2,934.00 | $3,520.80 |
We project a 13.63% increase from 2035, with an average price of $2,934.00.
In 2036, Parker-Hannifin’s aerospace division may see substantial growth due to advancements in commercial space travel and satellite technologies. The company’s expertise in life support systems and advanced materials could position it as a key supplier for space exploration missions. Additionally, its innovations in hypersonic flight technologies may open up new opportunities in both civilian and military aviation sectors.
PH Stock Price Forecast 2037
In 2037, Parker-Hannifin’s continued investments in research and development may drive innovation and stock price appreciation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $3,155.00 | $3,332.00 | $4,331.60 |
Our forecast suggests a 13.57% growth from 2036, with an average price of $3,332.00.
Parker-Hannifin’s investments in biotechnology and bioengineering may start yielding significant returns by 2037. The company’s innovations in biocompatible materials and precision fluid handling systems could find applications in advanced medical devices and personalized medicine. This expansion into the healthcare sector may diversify the company’s revenue streams and attract investors from new sectors.
PH Stock Price Forecast 2038
As we approach the end of the 2030s, Parker-Hannifin’s stock may see continued growth driven by its strong market position and global presence.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $3,580.00 | $3,780.00 | $4,536.00 |
We anticipate a 13.45% increase from 2037, with an average price of $3,780.00.
By 2038, Parker-Hannifin’s advancements in nanotechnology may revolutionize its product offerings across various sectors. Nano-engineered materials and components could enhance the performance and efficiency of its motion and control technologies. The company’s ability to integrate nanotechnology into its existing product lines may give it a significant edge in markets ranging from aerospace to consumer electronics.
PH Stock Price Forecast 2039
In 2039, Parker-Hannifin’s advancements in smart manufacturing and automation technologies may contribute to further stock price appreciation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $4,067.50 | $4,296.00 | $5,584.80 |
Our analysis points to a potential 13.65% growth from 2038, with an average price of $4,296.00.
Parker-Hannifin’s leadership in autonomous systems and robotics may reach new heights by 2039. The company’s advanced sensors, control systems, and AI algorithms could be crucial in developing fully autonomous factories and warehouses. Its solutions for human-robot collaboration in industrial settings may also see increased adoption, potentially opening up new markets and driving stock value.
PH Stock Price Forecast 2040
As we enter a new decade, Parker-Hannifin’s stock may benefit from increased demand for sustainable and energy-efficient solutions across various industries.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $4,622.50 | $4,882.00 | $5,858.40 |
We project a 13.64% increase from 2039, with an average price of $4,882.00.
By 2040, Parker-Hannifin’s innovations in fusion energy technologies may start showing significant promise. The company’s expertise in high-performance materials and precision control systems could play a crucial role in making fusion energy commercially viable. This breakthrough could not only drive the company’s stock value but also position it as a key player in the global energy transition.
PH Stock Price Forecast 2050
Looking ahead to 2050, Parker-Hannifin’s long-term growth prospects remain strong, driven by its innovative technologies and strong market position.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $6,750.00 | $7,200.00 | $7,860.00 |
Our long-term forecast suggests significant growth potential, with an average price of $7,200.00 in 2050.
By 2050, Parker-Hannifin may have transformed into a global technology conglomerate, with interests spanning from Earth-based industries to space colonization efforts. Its advanced life support systems, energy solutions, and motion control technologies could be crucial for establishing sustainable human presence on other planets. The company’s ability to adapt and innovate over decades may solidify its position as a leader in future technologies.
Conclusion
Our analysis of Parker-Hannifin Corporation’s stock price forecast from 2024 to 2050 paints a picture of steady, long-term growth. We project the stock price to reach an average of $7,200.00 by 2050, representing a significant increase over the 26-year period.
This growth is underpinned by several factors, including Parker-Hannifin’s strong market position, continued innovation in motion and control technologies, and its ability to adapt to changing industry trends. The company’s focus on sustainability, smart manufacturing, and expansion into emerging markets are expected to drive its performance in the coming decades.
FAQs
1. What is the future of PH share price?
Our forecast suggests a positive long-term outlook for Parker-Hannifin’s (PH) share price. We project steady growth from $569.81 in 2024 to an average of $7,200.00 by 2050, with a compound annual growth rate (CAGR) of approximately 10.62%. This growth is expected to be driven by Parker-Hannifin’s strong market position, continuous innovation in motion and control technologies, and expansion into emerging markets and new technological frontiers.
2. What is the PH share prediction for 2030?
According to our forecast, the PH share price in 2030 is expected to reach an average of $1,368.00, with a low estimate of $1,295.00 and a high estimate of $1,641.60. This represents a significant increase from the 2024 price, driven by advancements in electrification and clean technologies.
3. What is the PH 10 year outlook?
Looking at the 10-year outlook from 2024 to 2034, we project PH’s stock price to grow from an average of $655.00 in 2024 to $2,274.00 in 2034. This period is expected to see strong growth driven by factors such as increased adoption of smart manufacturing technologies, expansion in emerging markets, and advancements in aerospace and defense technologies.
4. Is PH a buy, hold, or sell?
we believe Parker-Hannifin (PH) could be considered a “Buy” for long-term investors. Parker-Hannifin has demonstrated a consistent ability to innovate and adapt to changing market conditions. Their focus on emerging technologies such as electrification, smart manufacturing, and sustainable solutions positions them well for future growth.
5. Who are the major competitors of PH?
Parker-Hannifin Corporation (NYSE: PH) is a leading manufacturer in the motion and control technologies industry. It operates in diverse sectors, including aerospace, industrial, automotive, and refrigeration. Its major competitors include:
- Eaton Corporation (NYSE: ETN) – Eaton is a power management company that provides energy-efficient solutions to manage electrical, hydraulic, and mechanical power. It competes with Parker-Hannifin in various sectors, including hydraulics and aerospace.
- Emerson Electric Co. (NYSE: EMR) – Emerson provides engineering services and develops products for industrial, commercial, and consumer markets. It competes with Parker-Hannifin in industrial automation and control systems.
- Honeywell International Inc. (NASDAQ: HON) – Honeywell is a multinational conglomerate that produces a wide range of commercial and consumer products, engineering services, and aerospace systems. It competes with Parker-Hannifin in the aerospace sector.
- Rockwell Automation, Inc. (NYSE: ROK) – Rockwell Automation provides industrial automation and information solutions. It competes with Parker-Hannifin in the automation and control technology markets.
- Bosch Rexroth AG – A subsidiary of Robert Bosch GmbH, Bosch Rexroth is a leading supplier of drive and control technologies. It competes with Parker-Hannifin in industrial hydraulics and automation.
- Danaher Corporation (NYSE: DHR) – Danaher operates in several sectors, including life sciences, diagnostics, and industrial technologies, where it overlaps with Parker-Hannifin in industrial automation and control technologies.
- SKF Group – SKF is a leading global supplier of bearings, seals, mechatronics, and lubrication systems. It competes with Parker-Hannifin in the industrial manufacturing and motion control sectors.
These companies represent significant competition across various segments where Parker-Hannifin operates.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
Source:
