Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments, Diversified Industrial and Aerospace Systems. The Company's Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; 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; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment. This segment sells its products to original equipment manufacturers (OEMs) and distributors who serve the replacement markets in manufacturing, packaging, processing, transportation, construction, refrigeration and air conditioning, agricultural, and military machinery and equipment industries. Its Aerospace Systems segment offers products for use in commercial and military airframe and engine programs, such as control actuation systems and components, engine build-up ducting, engine exhaust nozzles and assemblies, engine systems and components, fluid conveyance systems and components, fuel systems and components, fuel tank inerting systems, hydraulic systems and components, lubrication components, pilot controls, pneumatic control components, thermal management products, and wheels and brakes, as well as fluid metering, delivery, and atomization devices. This segment markets its products directly to OEMs and end users. It markets its products through direct-sales employees, independent distributors, and sales representatives. The company was founded in 1917 and is headquartered in Cleveland, Ohio.
IPO Year:
Exchange: NYSE
Website: parker.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/18/2024 | $691.00 | Buy → Hold | Stifel |
| 11/13/2024 | $842.00 | Buy | UBS |
| 6/28/2024 | $610.00 | Outperform | Raymond James |
| 5/28/2024 | $550.00 → $650.00 | Neutral → Buy | Mizuho |
| 3/14/2024 | $602.00 | Buy | Truist |
| 3/1/2024 | $300.00 → $500.00 | Underperform → Market Perform | TD Cowen |
| 12/11/2023 | Outperform → Peer Perform | Wolfe Research | |
| 11/9/2023 | $462.00 → $506.00 | Hold → Buy | Deutsche Bank |
| 10/5/2023 | $435.00 → $475.00 | Neutral → Buy | BofA Securities |
| 1/6/2023 | $311.00 | Equal-Weight | Morgan Stanley |
CLEVELAND, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today reported results for the quarter ended September 30, 2024, that included the following highlights (compared with the prior year quarter): Fiscal 2025 First Quarter Highlights: Sales increased 1.2% to $4.9 billion; Organic sales growth was 1.4%Net income was $698 million, an increase of 7%, or $810 million adjusted, an increase of 4%EPS were $5.34, an increase of 7%, or $6.20 adjusted, an increase of 4%Segment operating margin was 22.6%, an increase of 130 bps, or a record 25.7% adjusted, an increase of 80 bpsCash flow from operations was 15.2
CLEVELAND, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.63 per share of common stock to shareholders of record as of November 8, 2024. The dividend is payable December 6, 2024. This is the company's 298th consecutive quarterly dividend. Parker has increased its annual dividends per share paid to shareholders for 68 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 Index. Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For
CLEVELAND, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that it will release its fiscal 2025 first quarter earnings before the market opens on Thursday, October 31, 2024, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2025 first quarter results and respond to questions from institutional investors and security analysts. The conference call will be webcast simultaneously on Parker's investor website at investors.parker.com with an accompanying slide presentation. The webcast will be archived on the site and available for replay later
CLEVELAND, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that it will webcast its Annual Meeting of Shareholders, which is scheduled for Wednesday, October 23, 2024, at 9:00 a.m., Eastern time. The webcast will be accessible on Parker's investor information website at investors.parker.com and will be archived on the site for one year. Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareho
CLEVELAND, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.63 per share of common stock to shareholders of record as of August 28, 2024. The dividend is payable September 13, 2024. This is the company's 297th consecutive quarterly dividend. Parker has increased its annual dividends per share paid to shareholders for 68 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 Index. Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For mo
CLEVELAND, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today reported results for the quarter and year ended June 30, 2024, that included the following highlights (compared with the prior year period): Fiscal 2024 Fourth Quarter Highlights: Sales increased 2% to a record $5.2 billion; Organic sales growth was 3%Net income was $785 million, or $884 million adjustedEPS were $6.01, an increase of 10%, or a record $6.77 adjusted, an increase of 11%EBITDA margin was 25.8%, an increase of 90 bps, or 26.3% adjusted, an increase of 190 bpsSegment operating margin was 22.2%, an increase of 10 bps, or a record 25.3%
CLEVELAND, July 31, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that it will release its fiscal 2024 fourth quarter and full year earnings before the market opens on Thursday, August 8, 2024, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2024 fourth quarter and full year results and respond to questions from institutional investors and security analysts. The conference call will be webcast simultaneously on Parker's investor information website at investors.parker.com with an accompanying slide presentation. The webcast will be archived on
Portfolio Aligned with Secular Trends Driving Long Term Growth Opportunities Parker's Business System The Win StrategyTM Proven to Deliver Top Quartile PerformanceOperational Excellence Creates Growth and Margin Expansion OpportunitiesAnnounces New 5-Year Financial Targets on Strength of People, Portfolio and Strategy CLEVELAND, May 16, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today hosted its 2024 investor meeting where members of the Office of the Chief Executive presented an update on the company's ongoing transformation, detailed how Parker is positioned for continued growth from secular trends, reinforce
Sales were a record at $5.07 billion; organic sales increased 1%Segment operating margin was 21.5%, or a record 24.7% adjusted, an increase of 150 basis pointsEPS were $5.56, or a record $6.51 adjusted, an increase of 10%Company increases outlook for segment operating margin and EPS2024 Investor Meeting scheduled for May 16 at 2 p.m. Eastern time CLEVELAND, May 02, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today reported results for the fiscal 2024 third quarter ended March 31, 2024. Sales were $5.07 billion compared with $5.06 billion in the third quarter of fiscal 2023. Net income was $726.6 million compared wit
CLEVELAND, April 25, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a quarterly cash dividend of $1.63 per share of common stock to shareholders of record as of May 10, 2024. The dividend is payable June 7, 2024. The dividend represents a 10% increase over the previous quarterly cash dividend of $1.48 per common share and will be the 296th consecutive quarterly dividend paid by the company. "Consistently increasing our annual dividend, a record that now stands at 68 consecutive fiscal years, remains an important priority," said Jenny Parmentier, Chairman and Ch
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Stifel downgraded Parker-Hannifin from Buy to Hold and set a new price target of $691.00
UBS initiated coverage of Parker-Hannifin with a rating of Buy and set a new price target of $842.00
Raymond James initiated coverage of Parker-Hannifin with a rating of Outperform and set a new price target of $610.00
Mizuho upgraded Parker-Hannifin from Neutral to Buy and set a new price target of $650.00 from $550.00 previously
Truist initiated coverage of Parker-Hannifin with a rating of Buy and set a new price target of $602.00
TD Cowen upgraded Parker-Hannifin from Underperform to Market Perform and set a new price target of $500.00 from $300.00 previously
Wolfe Research downgraded Parker-Hannifin from Outperform to Peer Perform
Deutsche Bank upgraded Parker-Hannifin from Hold to Buy and set a new price target of $506.00 from $462.00 previously
BofA Securities upgraded Parker-Hannifin from Neutral to Buy and set a new price target of $475.00 from $435.00 previously
Morgan Stanley initiated coverage of Parker-Hannifin with a rating of Equal-Weight and set a new price target of $311.00
Stifel analyst Nathan Jones maintains Parker Hannifin (NYSE:PH) with a Buy and lowers the price target from $629 to $613.
Parker Hannifin (NYSE:PH) has outperformed the market over the past 20 years by 5.96% on an annualized basis producing an average annual return of 14.47%. Currently, Parker Hannifin has a market capitalization of $71.72 billion. Buying $100 In PH: If an investor had bought $100 of PH stock 20 years ago, it would be worth $1,497.16 today based on a price of $557.94 for PH at the time of writing. Parker Hannifin's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content e
Parker Hannifin (NYSE:PH) has outperformed the market over the past 20 years by 5.47% on an annualized basis producing an average annual return of 13.93%. Currently, Parker Hannifin has a market capitalization of $65.17 billion. Buying $1000 In PH: If an investor had bought $1000 of PH stock 20 years ago, it would be worth $13,649.45 today based on a price of $507.01 for PH at the time of writing. Parker Hannifin's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated conten
Wells Fargo analyst Joseph O'Dea maintains Parker Hannifin (NYSE:PH) with a Overweight and lowers the price target from $630 to $600.
Stifel analyst Nathan Jones maintains Parker Hannifin (NYSE:PH) with a Buy and maintains $629 price target.
Truist Securities analyst Jamie Cook maintains Parker Hannifin (NYSE:PH) with a Buy and raises the price target from $611 to $621.
Analysts' ratings for Parker Hannifin (NYSE:PH) over the last quarter vary from bullish to bearish, as provided by 13 analysts. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 6 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 0 0 0 2M Ago 5 2 1 0 0 3M Ago 1 2 0 0 0 Analysts have set 12-month price targets for Parker Hannifin, revealing an average target of $617.23, a high estimate of $650.00, and a low estimate of $550.00. This current average reflects an increase of 5.7% from the previous average price t
Raymond James analyst Tim Thein initiates coverage on Parker Hannifin (NYSE:PH) with a Outperform rating and announces Price Target of $610.
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CLEVELAND, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Robert W. Baird Global Industrial Conference in Chicago, Illinois on November 13, 2024 at 10:50 a.m. Central time (11:50 a.m. Eastern time). Parker's scheduled presenter is Jenny Parmentier, Chairman and Chief Executive Officer. A live webcast of the presentation will be accessible on Parker's investor website at investors.parker.com and will be archived on the site. Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been
Industry veteran Kevin Vicha appointed CEO of Axillon Aerospace, a leading provider of specialty materials for the defense and commercial aerospace markets. SK Capital, a private investment firm focused on the specialty materials, ingredients and life sciences sectors, completed its previously announced acquisition of the North America Composites & Fuel Containment Division of Parker Hannifin Corporation (NYSE:PH). The business, which has been renamed Axillon Aerospace ("Axillon Aerospace" or the "Company"), is a leading provider of engineered carbon fiber composite components and fuel containment solutions for the defense and commercial aerospace markets. Axillon Aerospace generates annua
CLEVELAND, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced it has completed the previously announced divestiture of its North America Composites and Fuel Containment (CFC) Division to private investment firm SK Capital Partners. "We are pleased to have completed this sale for the North America Composites and Fuel Containment Division," said Jenny Parmentier, Chairman and Chief Executive Officer. "One element of our strategy is assessing whether we are the best owner for certain businesses or whether they could be more successful as part of another organization. We wish the CFC team continued
CLEVELAND, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today reported results for the quarter ended September 30, 2024, that included the following highlights (compared with the prior year quarter): Fiscal 2025 First Quarter Highlights: Sales increased 1.2% to $4.9 billion; Organic sales growth was 1.4%Net income was $698 million, an increase of 7%, or $810 million adjusted, an increase of 4%EPS were $5.34, an increase of 7%, or $6.20 adjusted, an increase of 4%Segment operating margin was 22.6%, an increase of 130 bps, or a record 25.7% adjusted, an increase of 80 bpsCash flow from operations was 15.2
CLEVELAND, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.63 per share of common stock to shareholders of record as of November 8, 2024. The dividend is payable December 6, 2024. This is the company's 298th consecutive quarterly dividend. Parker has increased its annual dividends per share paid to shareholders for 68 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 Index. Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For
CLEVELAND, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that it will release its fiscal 2025 first quarter earnings before the market opens on Thursday, October 31, 2024, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2025 first quarter results and respond to questions from institutional investors and security analysts. The conference call will be webcast simultaneously on Parker's investor website at investors.parker.com with an accompanying slide presentation. The webcast will be archived on the site and available for replay later
CLEVELAND, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that it will webcast its Annual Meeting of Shareholders, which is scheduled for Wednesday, October 23, 2024, at 9:00 a.m., Eastern time. The webcast will be accessible on Parker's investor information website at investors.parker.com and will be archived on the site for one year. Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareho
CLEVELAND, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Jefferies Industrials Conference in New York City on September 5, 2024 at 11:00 a.m. Eastern time. Parker's scheduled presenter is Todd Leombruno, Executive Vice President and Chief Financial Officer. A live webcast of the presentation will be accessible on Parker's investor website at investors.parker.com and will be archived on the site. Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakth
CLEVELAND, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.63 per share of common stock to shareholders of record as of August 28, 2024. The dividend is payable September 13, 2024. This is the company's 297th consecutive quarterly dividend. Parker has increased its annual dividends per share paid to shareholders for 68 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 Index. Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For mo
CLEVELAND, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today reported results for the quarter and year ended June 30, 2024, that included the following highlights (compared with the prior year period): Fiscal 2024 Fourth Quarter Highlights: Sales increased 2% to a record $5.2 billion; Organic sales growth was 3%Net income was $785 million, or $884 million adjustedEPS were $6.01, an increase of 10%, or a record $6.77 adjusted, an increase of 11%EBITDA margin was 25.8%, an increase of 90 bps, or 26.3% adjusted, an increase of 190 bpsSegment operating margin was 22.2%, an increase of 10 bps, or a record 25.3%
Industry veteran Kevin Vicha appointed CEO of Axillon Aerospace, a leading provider of specialty materials for the defense and commercial aerospace markets. SK Capital, a private investment firm focused on the specialty materials, ingredients and life sciences sectors, completed its previously announced acquisition of the North America Composites & Fuel Containment Division of Parker Hannifin Corporation (NYSE:PH). The business, which has been renamed Axillon Aerospace ("Axillon Aerospace" or the "Company"), is a leading provider of engineered carbon fiber composite components and fuel containment solutions for the defense and commercial aerospace markets. Axillon Aerospace generates annua
February 26, 2024-- ITT Inc. (NYSE:ITT) today announced the appointment of Michael G. Guhde as president of its Connect & Control Technologies (CCT) business, reporting to Chief Executive Officer Luca Savi. CCT, one of ITT's three segments, is a leading manufacturer of connectors and control components for critical applications in the aerospace, defense and industrial markets. Guhde will be based at CCT's headquarters in Irvine, CA. Guhde joins ITT from Illinois Tool Works (NYSE:ITW), where he led a large, global business serving the automotive industry through the development and manufacture of highly engineered components. In this role, he oversaw several business improvements that led
CLEVELAND, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that Lee C. Banks, Vice Chairman and President and a Director, will retire on December 31, 2023, after 32 years of dedicated service to the company. Andrew D. Ross, currently Chief Operating Officer, has been elected by the Board of Directors as President and Chief Operating Officer, effective January 1, 2024. "During his career, Lee successfully led several of our largest businesses, globally expanded our distribution network that now stands among our greatest competitive strengths, and significantly raised the bar for operational exce
CLEVELAND, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that its Board of Directors has elected Jennifer A. Parmentier, currently Chief Executive Officer and a Director, as Chairman of the Board, effective January 1, 2024. Ms. Parmentier will succeed Thomas L. Williams, Executive Chairman, who will retire on December 31, 2023, as previously announced. "We congratulate and look forward to working with Jenny in her expanded role as Chairman of the Board," said James L. Wainscott, Parker's independent Lead Director. "Our dual leadership structure, consisting of both a Chairman of the Board and
CLEVELAND, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that its Board of Directors has elected Jennifer A. Parmentier as Chief Executive Officer and Andrew D. Ross as Chief Operating Officer, each effective January 1, 2023. Parker also announced that its Board approved, effective January 1, 2023, an increase in the size of the Board from twelve to thirteen Directors and the appointment of Parmentier as a member of the Board. Parmentier will succeed Thomas L. Williams as Chief Executive Officer and will report to the Board of Directors. Williams has served as Chief Executive Officer since 20
CLEVELAND, July 28, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that Andrew M. Weeks, Vice President and President – Engineered Materials Group, will retire effective August 31, 2022. "We are grateful to Andy for his leadership of the Engineered Materials Group during a period of significant growth and transformation," said Tom Williams, Chairman and Chief Executive Officer. "He has held leadership positions spanning multiple operating groups within Parker and we appreciate his many years of service to our company. Our strategic approach to succession planning will allow us to fill this import
CLEVELAND, May 03, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that Robin J. Davenport, Vice President - Corporate Finance, will retire effective December 31, 2022, after 19 years of dedicated service to the company. "Robin should take pride in all she has accomplished throughout her career and nearly two decades with Parker," said Todd Leombruno, Executive Vice President and Chief Financial Officer. "As a corporate finance leader, Robin not only served as Parker's primary contact to the investment community but helped lead the company through several phases of growth and expansion, navigate perio