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 |
|---|---|---|---|
| 4/3/2025 | Outperform → Peer Perform | Wolfe Research | |
| 2/7/2025 | $795.00 | Buy | Citigroup |
| 12/12/2024 | $786.00 | Peer Perform → Outperform | Wolfe Research |
| 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 |
CLEVELAND, May 08, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that Robert W. Malone, Vice President and President – Filtration Group, will retire on August 31, 2025, after 12 years of dedicated service to the company. Parker's Board of Directors has elected Matthew A. Jacobson, currently Vice President of Operations – Motion Systems Group, to succeed Mr. Malone as Vice President and President – Filtration Group, effective July 1, 2025. Mr. Malone was elected as Vice President and President – Filtration Group in 2014. He joined Parker in 2013 as Vice President of Operations for the Filtration Group.
CLEVELAND, May 01, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today reported results for the quarter ended March 31, 2025, that included the following highlights (compared with the prior year quarter): Fiscal 2025 Third Quarter Highlights: Sales were $5.0 billion; organic sales growth was 1%Net income was $961 million, an increase of 32%, or $904 million adjusted, an increase of 6%EPS were $7.37, an increase of 33%, or $6.94 adjusted, an increase of 7%Segment operating margin was 23.2%, an increase of 170 bps, or 26.3% adjusted, an increase of 160 bpsYTD cash flow from operations increased 8% to $2.3 billion, or 1
CLEVELAND, April 24, 2025 (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 $1.80 per share of common stock to shareholders of record as of May 9, 2025. The dividend is payable June 6, 2025. The dividend represents a 10% increase over the previous quarterly cash dividend of $1.63 per common share and will be the 300th consecutive quarterly dividend paid by the company. "This dividend increase reflects the Board's confidence in our financial position and continued ability to generate strong cash flows through the business cycle," said Jenny Pa
CLEVELAND, April 22, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that it will release its fiscal 2025 third quarter earnings before the market opens on Thursday, May 1, 2025, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2025 third quarter results and respond to questions from institutional investors and securities 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 th
CLEVELAND, March 10, 2025 (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 Bank of America Global Industrials Conference in London, England on March 19, 2025 at 10:35 a.m. Greenwich Mean Time (6:35 a.m. Eastern Time). A live webcast of the presentation will be accessible on Parker's investor information 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 breakthroughs that lead to a better tomorrow. Parker has
CLEVELAND, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that it is scheduled to present at Raymond James' 46th Annual Institutional Investors Conference on March 3, 2025 in Orlando, Florida at 11:35 a.m. Eastern time. A live webcast of the presentation will be accessible on Parker's investor information 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 breakthroughs that lead to a better tomorrow. Parker has increased its annual
CLEVELAND, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that it is scheduled to present at Citi's 2025 Global Industrial Tech and Mobility Conference in Miami, Florida on February 20, 2025 at 11:20 a.m. Eastern time. A live webcast of the presentation will be accessible on Parker's investor information 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 breakthroughs that lead to a better tomorrow. Parker has increased its annual d
CLEVELAND, Feb. 12, 2025 (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 Barclays Industrial Select Conference in Miami Beach, Florida on February 19, 2025 at 11:00 a.m. Eastern time. A live webcast of the presentation will be accessible on Parker's investor information 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 breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per
CLEVELAND, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that Joachim Guhe, President - Europe, Middle East and Africa (EMEA) Group, will retire after 32 years of dedicated service. Mr. Guhe will step down from his current role on June 30, 2025, but continue with the company until August 31, 2025, to ensure a successful leadership transition. The company has appointed Thomas Ottawa, currently Vice President of Operations - Motion Systems Group Europe, to succeed Mr. Guhe as President - Europe, Middle East and Africa (EMEA) Group, effective July 1, 2025. "In the more than three decades he spen
CLEVELAND, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today reported results for the quarter ended December 31, 2024, that included the following highlights (compared with the prior year quarter): Fiscal 2025 Second Quarter Highlights: Sales were $4.7 billion; organic sales growth was 1%Net income was $949 million, an increase of 39%, or $853 million adjusted, an increase of 6%EPS were $7.25, an increase of 39%, or $6.53 adjusted, an increase of 6%Segment operating margin was 22.1%, an increase of 100 bps, or 25.6% adjusted, an increase of 110 bpsYTD cash flow from operations increased 24% to $1.7 bil
10-Q - Parker-Hannifin Corp (0000076334) (Filer)
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10-Q - Parker-Hannifin Corp (0000076334) (Filer)
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Wolfe Research downgraded Parker-Hannifin from Outperform to Peer Perform
Citigroup initiated coverage of Parker-Hannifin with a rating of Buy and set a new price target of $795.00
Wolfe Research upgraded Parker-Hannifin from Peer Perform to Outperform and set a new price target of $786.00
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
4 - Parker-Hannifin Corp (0000076334) (Issuer)
4/A - Parker-Hannifin Corp (0000076334) (Issuer)
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4 - Parker-Hannifin Corp (0000076334) (Issuer)
4 - Parker-Hannifin Corp (0000076334) (Issuer)
4 - Parker-Hannifin Corp (0000076334) (Issuer)
4 - Parker-Hannifin Corp (0000076334) (Issuer)
4 - Parker-Hannifin Corp (0000076334) (Issuer)
4 - Parker-Hannifin Corp (0000076334) (Issuer)
4 - Parker-Hannifin Corp (0000076334) (Issuer)
CLEVELAND, May 01, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today reported results for the quarter ended March 31, 2025, that included the following highlights (compared with the prior year quarter): Fiscal 2025 Third Quarter Highlights: Sales were $5.0 billion; organic sales growth was 1%Net income was $961 million, an increase of 32%, or $904 million adjusted, an increase of 6%EPS were $7.37, an increase of 33%, or $6.94 adjusted, an increase of 7%Segment operating margin was 23.2%, an increase of 170 bps, or 26.3% adjusted, an increase of 160 bpsYTD cash flow from operations increased 8% to $2.3 billion, or 1
CLEVELAND, April 24, 2025 (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 $1.80 per share of common stock to shareholders of record as of May 9, 2025. The dividend is payable June 6, 2025. The dividend represents a 10% increase over the previous quarterly cash dividend of $1.63 per common share and will be the 300th consecutive quarterly dividend paid by the company. "This dividend increase reflects the Board's confidence in our financial position and continued ability to generate strong cash flows through the business cycle," said Jenny Pa
CLEVELAND, April 22, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that it will release its fiscal 2025 third quarter earnings before the market opens on Thursday, May 1, 2025, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2025 third quarter results and respond to questions from institutional investors and securities 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 th
CLEVELAND, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today reported results for the quarter ended December 31, 2024, that included the following highlights (compared with the prior year quarter): Fiscal 2025 Second Quarter Highlights: Sales were $4.7 billion; organic sales growth was 1%Net income was $949 million, an increase of 39%, or $853 million adjusted, an increase of 6%EPS were $7.25, an increase of 39%, or $6.53 adjusted, an increase of 6%Segment operating margin was 22.1%, an increase of 100 bps, or 25.6% adjusted, an increase of 110 bpsYTD cash flow from operations increased 24% to $1.7 bil
CLEVELAND, Jan. 23, 2025 (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 February 7, 2025. The dividend is payable March 7, 2025. This is the company's 299th 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 more t
CLEVELAND, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that it will release its fiscal 2025 second quarter earnings before the market opens on Thursday, January 30, 2025, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2025 second 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 late
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, May 08, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that Robert W. Malone, Vice President and President – Filtration Group, will retire on August 31, 2025, after 12 years of dedicated service to the company. Parker's Board of Directors has elected Matthew A. Jacobson, currently Vice President of Operations – Motion Systems Group, to succeed Mr. Malone as Vice President and President – Filtration Group, effective July 1, 2025. Mr. Malone was elected as Vice President and President – Filtration Group in 2014. He joined Parker in 2013 as Vice President of Operations for the Filtration Group.
CLEVELAND, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that Joachim Guhe, President - Europe, Middle East and Africa (EMEA) Group, will retire after 32 years of dedicated service. Mr. Guhe will step down from his current role on June 30, 2025, but continue with the company until August 31, 2025, to ensure a successful leadership transition. The company has appointed Thomas Ottawa, currently Vice President of Operations - Motion Systems Group Europe, to succeed Mr. Guhe as President - Europe, Middle East and Africa (EMEA) Group, effective July 1, 2025. "In the more than three decades he spen
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