Parker-Hannifin Stock Price, News & Analysis

Parker Hannifin Corporation reported all-time records in sales, net income, and EPS for the fourth quarter and fiscal year ending June 30, 2021. Fourth quarter sales reached $3.96 billion, a 25% increase, with EPS soaring by 72% to $3.84. Full year sales were $14.35 billion, up 5%, and net income rose 45% to $1.75 billion. The company also announced plans to acquire Meggitt PLC, potentially doubling its Aerospace Systems segment. Guidance for fiscal 2022 EPS ranges from $14.08 to $14.88, indicating robust organic growth expectations of 5% to 9%.

Parker Hannifin Corporation (NYSE: PH) has announced a cash acquisition of Meggitt, valued at $2.3 billion, aimed at strengthening its aerospace systems segment.

This acquisition aligns with Parker's strategic vision, The Win Strategy™, enhancing its capabilities in aerospace and defense technologies. The deal is subject to regulatory approvals and shareholder consent from Meggitt. Parker's CEO emphasized a commitment to integrating Meggitt responsibly while maintaining its heritage and culture in British industry.

Parker Hannifin Corporation (NYSE:PH) has released its 2020 Sustainability Report, announcing a new commitment to achieve carbon neutral operations by 2040. Key emissions targets include a 50% reduction in Scope I and II emissions by 2030 and a 15% reduction in Scope III emissions by the same year. The report highlights Parker's advanced technologies aimed at promoting cleaner energy adoption. Key achievements include a 72% decrease in recordable incidents since 2015 and a 42% decrease in energy intensity since 2010.

Parker Hannifin Corporation (NYSE: PH) will release its fiscal 2021 fourth quarter and full-year earnings on August 5, 2021. A conference call is scheduled for 11:00 a.m. Eastern time, where the company will discuss financial results and answer questions from investors and analysts. The conference call will be accessible via webcast on Parker's investor website, with a recorded replay available later that day. Parker has a strong history of shareholder returns, having increased its annual dividend per share for 65 consecutive years, placing it among the top five in the S&P 500.

Parker Hannifin Corporation (NYSE: PH) will present at the Wolfe Research Global Transportation and Industrials Conference on May 26, 2021, at 1:00 p.m. Eastern time. Tom Williams, Chairman and CEO, will represent the company. The presentation will be available via live webcast on the investor information website and archived for future access. Parker has a strong history, increasing its annual dividend per share for 65 consecutive years, making it one of the top performers in the S&P 500 for dividend increases.

Parker Hannifin (NYSE: PH), the global leader in motion and control technologies, announced its participation in the Goldman Sachs Industrials and Materials Conference on May 11, 2021, at 1:00 p.m. Eastern time. Tom Williams, the Chairman and CEO, will present at this virtual event.

The presentation will be live-streamed on Parker's investor website and later archived. With a history of over 65 consecutive years of increasing dividends, Parker is recognized as one of the top dividend payers in the S&P 500.

Parker Hannifin Corporation (NYSE:PH) announced its membership in the Hydrogen Council, a global CEO-led initiative aimed at promoting hydrogen as part of the clean energy transition. Established in 2017, the council has grown to over 100 members from various sectors. Parker will collaborate with other companies to advance investment in hydrogen and fuel cell technologies, aligning with its strategy of investing in sustainable energy solutions. CEO Tom Williams highlighted hydrogen's critical role in future energy sources and emphasized Parker's commitment to environmentally impactful technologies.

Parker Hannifin Corporation (NYSE: PH) reported exceptional fiscal 2021 third-quarter results, achieving record net income of $471.6 million, up 28% year-over-year. Earnings per share reached $3.59, a 27% increase from the prior year, with adjusted EPS at $4.11. Sales rose to $3.75 billion, compared to $3.70 billion in Q3 2020. Additionally, the company's EBITDA margin was 21.6%, and year-to-date cash flow from operations was a record $1.88 billion, representing 18.1% of sales. Parker raised its EPS guidance for the fiscal year to $12.96-$13.26, reflecting strong performance and positive macroeconomic conditions.

Parker Hannifin Corporation (NYSE: PH) announced a quarterly cash dividend of $1.03 per share, up 17% from the previous $0.88 dividend. This increase reflects the Board's confidence in the company’s financial position and cash flow generation. The dividend is payable on June 4, 2021, to shareholders of record as of May 7, 2021. This marks the 284th consecutive quarterly dividend and reinforces the company’s commitment to returning value to shareholders.