Parker Hannifin Corp has split its stock 7 times since its initial public offering (IPO). The first stock split occurred on May 01, 1972 with the ratio of 3-for-2, meaning that for 2 shares of PH owned pre-split, shareholders then owned 3 shares. 6 more splits have been implemented since then. The most recent stock split took place on October 02, 2007 on a 3-for-2 basis.
These splits have increased PH stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Parker Hannifin Corp's total market capitalization.
For more detailed information of Parker Hannifin Corp's stock splits, view the table below:
The answer will depend on the decisions of the company's managers and market volatility. Parker Hannifin Corp has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when PH stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Parker Hannifin Corp's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.
