Parker-Hannifin Stock Price, News & Analysis

Parker Hannifin Corporation (NYSE: PH) will release its fiscal 2022 second-quarter earnings on February 3, 2022, before market opening. A subsequent conference call at 11:00 a.m. Eastern time will discuss these results and address inquiries from institutional investors and analysts. The call will be available via webcast on Parker's investor site, with an archive for later access. Notably, Parker has a strong history of increasing its annual dividend per share for 65 consecutive years, ranking among the top five in the S&P 500.

Parker Hannifin Corporation (NYSE: PH) is set to present at the virtual Robert W. Baird Global Industrial Conference on November 9, 2021, at 3:10 p.m. Eastern time. The presentation will be led by Tom Williams, the company's Chairman and Chief Executive Officer. Investors can access a live webcast on Parker's investor website, which will also host an archived version later. Known for its leadership in motion and control technologies, Parker has achieved a remarkable record of increasing its annual dividend per share for 65 consecutive years.

Parker Hannifin Corporation (NYSE: PH) reported record fiscal 2022 first-quarter results for sales, net income, and earnings per share. Sales rose 17% to $3.76 billion, with net income increasing by 41% to $451.2 million. Earnings per share reached $3.45, up 41% year-over-year. Adjusted EBITDA margin improved to 22.1%. The company raised its fiscal year EPS guidance to $14.52 to $15.22, driven by a robust demand outlook across various sectors. Orders increased by 26%, indicating strong future performance.

Parker Hannifin Corporation (NYSE: PH) declared a quarterly cash dividend of $1.03 per share, payable on December 3, 2021, to shareholders of record by November 12, 2021. This marks the company's 286th consecutive quarterly dividend and continues its streak of increasing annual dividends for 65 years, ranking among the top five longest-running dividend-increase records in the S&P 500 Index.

Parker Hannifin Corporation (NYSE: PH) announced it will release its fiscal 2022 Q1 earnings on November 4, 2021, before the market opens. A conference call will follow at 11:00 a.m. Eastern time to discuss the results and answer questions from investors and analysts. Parker, a leader in motion and control technologies, has raised its annual dividend for 65 consecutive years, ranking among the top five for longest-running dividend increases in the S&P 500. The conference call will be available via webcast on the company's investor website.

Parker Hannifin Corporation (NYSE: PH) will hold its Annual Meeting of Shareholders virtually on October 27, 2021, starting at 9:00 a.m. ET. The meeting can be accessed live via a webcast at www.virtualshareholdermeeting.com/PH2021 or through Parker's investor website. The webcast will remain archived for one year. Parker is a Fortune 250 leader in motion and control technologies, boasting a 65-year history of annual dividend increases, ranking among the top five in the S&P 500.

Parker Hannifin Corporation (NYSE: PH) announces that Meggitt shareholders have approved the cash acquisition of Meggitt PLC, set to close in Q3 2022, pending regulatory clearances and court approval. The acquisition aims to create a leading provider of aerospace solutions, enhancing R&D investments and operational integration. Meggitt, with 2020 revenues of approximately $2.3 billion, provides diverse technology across major aircraft platforms. The move is seen as strategic for fostering innovation and creating value for stakeholders, with commitments for cultural integration and responsible management.

Parker Aerospace, a segment of Parker Hannifin (NYSE: PH), has been honored as Supplier of the Year by Commercial Aircraft Corporation of China (COMAC) for exceptional customer service in support of the ARJ21 program in 2020. This accolade emphasizes Parker's Customer Support Operations, particularly its Hydraulic Systems Division and Parker Aerospace China. The award was accepted by PAC's General Manager Stephen Tien at a virtual conference attended by over 1,000 representatives. Parker achieved high on-time delivery rates and has established local ARJ21 MRO capabilities in Xi’an, China.

Parker Hannifin Corporation (NYSE:PH) announced executive leadership changes on August 13, 2021. Lee C. Banks has been appointed Vice Chairman and President, shifting his focus to regional growth strategies. Jennifer A. Parmentier is promoted to Chief Operating Officer, bringing her extensive experience from her previous role as President of the Motion Systems Group. Berend Bracht succeeds Parmentier as the President of Motion Systems Group, having previously led Parker LORD’s integration. This transition is part of Parker’s strategic succession planning aimed at continued company transformation.