Wolfe Research downgraded Parker-Hannifin from Outperform to Peer Perform
Save time and jump to the most important pieces.
| 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 |
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
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, 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
10-Q - PARKER HANNIFIN CORP (0000076334) (Filer)
8-K - PARKER HANNIFIN CORP (0000076334) (Filer)
8-K - PARKER HANNIFIN CORP (0000076334) (Filer)
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
SC 13G/A - PARKER HANNIFIN CORP (0000076334) (Subject)
SC 13G/A - PARKER HANNIFIN CORP (0000076334) (Subject)
SC 13G/A - PARKER HANNIFIN CORP (0000076334) (Subject)
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
4 - PARKER HANNIFIN CORP (0000076334) (Issuer)
4 - PARKER HANNIFIN CORP (0000076334) (Issuer)
4 - PARKER HANNIFIN CORP (0000076334) (Issuer)