Parker-Hannifin (PH) Raises Quarterly Dividend 11% to $2.00 per Share

Parker-Hannifin Corporation (NYSE:PH) is one of the 7 Best Data Center Cooling Companies to Invest In.

On April 23, 2026, Parker-Hannifin Corporation (NYSE:PH) declared a quarterly cash dividend of $2.00 per share, an 11% increase from its previous quarterly dividend of $1.80 per share. The dividend will be paid on June 5 to shareholders of record as of May 8.

On April 13, 2026, Citi raised its price target on Parker-Hannifin Corporation (NYSE:PH) to $1,137 from $1,092 and maintained a Buy rating as part of a broader Q1 preview across industrial companies. The firm said that gradually improving industrial trends remain intact and should support solid first-quarter earnings across much of the sector.

Earlier in the month, Goldman Sachs raised its price target on Parker-Hannifin Corporation (NYSE:PH) to $1,040 from $1,032 and maintained a Buy rating as part of a broader Q1 preview for multi-industry companies. The firm said the company’s full-year aerospace margin guidance of 29.5% to 29.9% may prove conservative because it implies a sequential slowdown in the second half of the year.

Parker-Hannifin (PH) Raises Quarterly Dividend 11% to $2.00 per Share

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Parker-Hannifin Corporation (NYSE:PH) manufactures motion and control technologies used across aerospace, industrial equipment, transportation, energy, and HVAC and refrigeration markets globally.

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