Parker-Hannifin Stock Price, News & Analysis

Parker Hannifin Corporation (NYSE: PH) will present at the Wolfe Research Global Transportation and Industrials Conference on May 26, 2022, at 11:30 a.m. Eastern time. Tom Williams, the company's Chairman and CEO, will lead the presentation. Interested parties can access the live webcast through Parker's investor information website and it will be archived there for future viewing.

Parker Hannifin is recognized for its leadership in motion and control technologies and has maintained an impressive record of increasing its annual dividend for 66 consecutive years, ranking among the top five in the S&P 500.

Parker Hannifin Corporation (NYSE: PH) will present at the Goldman Sachs Industrials and Materials Conference on May 12, 2022, at 1:50 p.m. Eastern time. Tom Williams, Chairman and CEO, will represent the company. Investors can access the live webcast on Parker's investor website, with an archive available post-event. Known for its leadership in motion and control technologies, Parker has consistently increased its annual dividend for 66 years, ranking it among the top five in the S&P 500. For more details, visit www.phstock.com.

Parker Hannifin Corporation (NYSE: PH) reported a record third-quarter sales of $4.09 billion for fiscal 2022, marking a 9% increase from $3.75 billion year-over-year. Adjusted net income surged 17% to $630.2 million, while adjusted EPS rose to a record $4.83. Operating margins improved to 22.7%, reflecting strong demand and execution. However, net income decreased from $473.2 million in the previous year, impacted by a $247 million loss related to acquisition contracts. Guidance for adjusted EPS is now $18.00 to $18.30, despite anticipated impacts from COVID-19 disruptions.

Parker Hannifin Corporation (NYSE:PH) announced the retirement of Robin J. Davenport, Vice President - Corporate Finance, effective December 31, 2022, after 19 years with the company. Davenport played a key role in corporate finance, guiding 60 strategic transactions yielding over $3.5 billion in annual revenues, and managing significant acquisitions totaling $6.5 billion in revenue. She also initiated the Peer W business resource group to promote women leaders globally. Her leadership contributed to Parker's record financial performance and resilience through various economic phases.

Parker Hannifin Corporation (NYSE: PH) has declared a quarterly cash dividend of $1.33 per share, payable on June 3, 2022, to shareholders of record by May 13, 2022. This marks a 29% increase from the prior dividend of $1.03, and signifies the company's 288th consecutive dividend. The Board emphasizes confidence in its strong financial standing and aims for a 30-35% payout ratio of net income, with a history of increasing dividends for 66 consecutive years.

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.