Parker-Hannifin Corp. (PH) Stock Split History

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.