Parker-Hannifin Stock Price, News & Analysis

Parker Hannifin Corporation (NYSE: PH) will announce its fiscal 2022 third quarter earnings on May 5, 2022, before markets open. A conference call to discuss the results will follow at 11:00 a.m. Eastern time, available via webcast on the company's investor information website. Parker has maintained its dividend increase for 65 consecutive years, ranking among the top five in the S&P 500. This consistent performance reflects the company's commitment to shareholder value and engineering advancements.

Parker Hannifin Corporation (NYSE: PH) has received regulatory clearance from the European Commission for its acquisition of Meggitt PLC, contingent on divesting its Aircraft Wheel and Brake division. This divestment process has begun, and the acquisition has also been approved unconditionally by several global regulatory bodies. Parker aims to close the deal by Q3 2022, reinforcing its position in motion and control technologies while continuing to manage integration risks and potential costs associated with the acquisition.

Parker Aerospace has been selected by the Sikorsky-Boeing team for the DEFIANT X® in the FLRAA competition, providing advanced hydraulic systems and flight control modules. This partnership aims to enhance the efficiency and reliability of the U.S. Army's next-generation assault aircraft. The new hydraulic pump suite is designed for lower life cycle costs and reduced fuel consumption. Parker's technologies promise improved weight savings and lower operational risks, contributing to the overall effectiveness of military aviation.

Parker Hannifin Corporation (NYSE: PH) recently hosted a virtual investor meeting highlighting its ongoing transformation through the Win Strategy 3.0. CEO Tom Williams discussed how recent acquisitions, including CLARCOR and LORD Corporation, are reshaping the company's portfolio towards higher growth and margin sectors. The company aims for 4-6% organic sales growth and maintains a target of over 10% CAGR in adjusted EPS by 2027. Key trends include increased focus on clean technologies and robust team engagement contributing to performance improvements.

Parker Hannifin Corporation (NYSE: PH) will host a webcast meeting for investors and analysts on March 8, 2022, from 9:00 a.m. to 12:00 p.m. ET. The event will focus on Parker's transformative strategies, its ability to leverage growth trends, and outline new financial targets through fiscal year 2027. The meeting will include a Q&A session with executive leadership. Investors can access the live webcast at http://www.phstock.com, which will also be available for one year post-event. Parker has a strong dividend history, having increased its annual dividend for 65 consecutive years.

Parker Hannifin Corporation (NYSE: PH) will present at the Evercore ISI Industrial Conference on February 28, 2022, at 9:40 a.m. Eastern time. The presentation will be led by Todd Leombruno, the Executive Vice President and CFO. Investors can access a live webcast on Parker's investor site, which will also archive the presentation for future viewing. Parker has a strong legacy, increasing its annual dividend for 65 consecutive years, placing it among the top five longest-running dividend-increase records in the S&P 500.

Parker Hannifin Corporation (NYSE: PH), a leader in motion and control technologies, will present at the Barclays Industrial Select Conference in Miami Beach, Florida, on February 23, 2022, at 2:25 p.m. Eastern time. The presentation will be led by CEO Tom Williams. Investors can access a live webcast on Parker's investor information website, which will also archive the session. The company has a strong history of increasing its annual dividend, boasting 65 consecutive years of growth, making it one of the top five records in the S&P 500.

Parker Hannifin reported a record second-quarter sales of $3.82 billion, up 12% from the prior year, with organic sales increasing 13%. Net income was $387.6 million or $2.97 EPS, down from $448.4 million or $3.42 in the previous year. Adjusted EPS rose 29% to $4.46. The segment operating margin reached 19.4%, and EBITDA margin was 18.2%. The company raised its fiscal 2022 EPS guidance to $14.42 to $14.92. Despite supply chain challenges, demand trends remain positive, and the acquisition of Meggitt is on track for completion.

Parker Hannifin Corporation (NYSE: PH) has declared a quarterly cash dividend of $1.03 per share, payable on March 4, 2022, to shareholders of record by February 11, 2022. This marks the 287th consecutive quarterly dividend, with the company boasting a 65-year streak of annual dividend increases. Parker is recognized as a global leader in motion and control technologies, contributing to innovative engineering solutions.