Parker-Hannifin Stock Price, News & Analysis

Parker Hannifin Corporation (NYSE: PH) will present at the Robert W. Baird Global Industrial Conference in Chicago on November 8, 2022, at 10:15 a.m. Central time. Tom Williams, Chairman and CEO, and Jenny Parmentier, the incoming CEO effective January 1, 2023, will represent the company. Investors can access a live webcast of the presentation on Parker's investor website, which will also be archived for later viewing. Parker Hannifin has a strong history of financial performance, with 66 consecutive years of increasing annual dividends, ranking among the top dividend-increasing companies in the S&P 500.

Parker Hannifin reported record fiscal 2023 first-quarter sales of $4.23 billion, a 12% increase year-over-year, driven by strong organic growth. Net income was $387.9 million, down from $451.2 million a year ago, though adjusted net income rose 11% to $615.5 million. EPS was $2.98, compared to $3.45 previously, while adjusted EPS reached a record of $4.74. The company raised its full-year organic growth and adjusted EPS guidance, projecting growth of 4.5% to 7.5% and EPS of $12.85 to $13.55.

Parker Hannifin Corporation (NYSE: PH) will release its fiscal 2023 first quarter earnings on November 3, 2022, before market opens. A conference call will follow at 11:00 a.m. ET, during which management will discuss the results and answer questions from analysts and investors. The call will be broadcast live on Parker's investor website, with a replay available later. The company is recognized for its strong dividend history, having increased its annual payout for 66 consecutive years, ranking among the top in the S&P 500.

Parker Hannifin Corporation (NYSE: PH) announced a quarterly cash dividend of $1.33 per share for shareholders on record as of November 14, 2022, payable on December 2, 2022. This marks the company's 290th consecutive quarterly dividend, demonstrating its strong commitment to returning value to shareholders. Parker has achieved a remarkable milestone by increasing its annual dividends for 66 consecutive fiscal years, placing it among the top five for dividend growth in the S&P 500 Index.

Parker Hannifin Corporation (NYSE: PH) announced the election of William R. “Skip” Bowman as Vice President and President of the Fluid Connectors Group, effective January 1, 2023. He will succeed Andrew D. Ross, who has been appointed Chief Operating Officer. Bowman brings extensive experience within Parker, having held leadership roles in various operating groups since joining in 1983. His transition is expected to be smooth due to his familiarity with the Fluid Connectors Group's operations. Parker has a notable history of increasing its annual dividend for 66 consecutive years.

Parker Hannifin Corporation has appointed Jennifer A. Parmentier as CEO and Andrew D. Ross as COO, effective January 1, 2023. Thomas L. Williams will continue as Executive Chairman during the transition until December 31, 2023, before retiring. The Board of Directors will expand from twelve to thirteen members to include Parmentier. The new leadership team aims to continue Parker's strong performance and growth, emphasizing the Win Strategy to achieve FY27 targets. Parmentier has extensive experience in various operational roles within the company.

Parker Hannifin Corporation (NYSE: PH) will host its Annual Meeting of Shareholders via webcast on October 26, 2022, at 9:00 a.m. Eastern Time. Shareholders can access the live stream on Parker's investor site, where it will also be archived for one year. Recognized as a Fortune 250 leader in motion and control technologies, Parker has consistently increased its annual dividend for 66 consecutive years, ranking among the top five in the S&P 500. For further details, visit www.phstock.com.

Parker Hannifin Corporation (PH) celebrates Eviation Aircraft's milestone with the first flight of Alice, the world's first all-electric commuter aircraft, on September 27, 2022. The flight lasted eight minutes, reaching an altitude of 3,500 feet. Parker Aerospace is developing seven technological systems for Alice, enhancing sustainability with reduced operational costs and maintenance. These systems include cockpit controls, electromechanical flap systems, and thermal management among others. This collaboration aims for net-zero carbon aviation, marking a significant step toward future eco-friendly air travel.

Parker Hannifin Corporation (NYSE: PH) announced a conference call on September 28, 2022, at 11:00 a.m. Eastern time to discuss the acquisition of Meggitt plc and its impact on fiscal 2023 guidance. The call is aimed at institutional investors and analysts and will be webcast on Parker's investor site. The company has a strong dividend history, having increased its annual dividend for 66 consecutive years, ranking among the top five in the S&P 500 index.