Welcome to our dedicated page for Parker-Hannifin news (Ticker: PH), a resource for investors and traders seeking the latest updates and insights on Parker-Hannifin stock.
Parker-Hannifin Corporation reports news around its motion and control technologies business, which supplies hydraulic, electromechanical, climate control and filtration components used in aerospace, mobile equipment, transportation and industrial automation applications. Company updates commonly address quarterly sales, organic growth, orders, segment operating margin, earnings per share, operating cash flow and full-year outlook.
Recurring developments for PH also include share repurchases, cash dividend declarations, investor conference presentations and governance or capital-structure announcements. The company’s news reflects an industrial manufacturer with a broad component portfolio and exposure to customer orders, product mix, acquisitions, divestitures, supply relationships and large program execution.
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.
Parker Hannifin Corporation (NYSE: PH) has declared a quarterly cash dividend of $1.03 per share, set to benefit shareholders of record as of August 27, 2021, with payment on September 10, 2021. This marks the 285th consecutive quarterly dividend for the company, illustrating its robust performance and commitment to returning value to shareholders. Parker has maintained an impressive record, increasing its annual dividends for 65 consecutive fiscal years, positioning it among the top five in the S&P 500 Index.
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.