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Parker-Hannifin Corp

PH

Latest Trade

207.00USD

Change

-0.75(-0.36%)

Volume

859,241

Today's Range

206.95

 - 

209.75

52 Week Range

152.18

 - 

212.05

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Parker-Hannifin Says On Sept 4, 2019, Co Entered Into A Credit Agreement Among Co, Lenders Party Thereto And Keybank National Association

Sept 6 (Reuters) - Parker-Hannifin Corp <PH.N>::PARKER-HANNIFIN - ON SEPT 4, 2019, CO ENTERED INTO A CREDIT AGREEMENT AMONG CO, LENDERS PARTY THERETO AND KEYBANK NATIONAL ASSOCIATION.PARKER-HANNIFIN CORP - CREDIT AGREEMENT PROVIDES FOR SENIOR UNSECURED DELAYED-DRAW TERM LOAN FACILITY IN AN AGGREGATE PRINCIPAL AMOUNT OF $925 MILLION.PARKER-HANNIFIN- PROCEEDS OF TERM LOAN FACILITY WILL BE USED TO FINANCE PROPOSED ACQUISITION OF ALL OUTSTANDING CAPITAL STOCK OF EMFCO HOLDINGS.

Parker Reports Fiscal 2019 Fourth Quarter And Full Year Results And Issues Fiscal 2020 Guidance

Aug 1 (Reuters) - Parker-Hannifin Corp <PH.N>::PARKER REPORTS FISCAL 2019 FOURTH QUARTER AND FULL YEAR RESULTS AND ISSUES FISCAL 2020 GUIDANCE.Q4 ADJUSTED EARNINGS PER SHARE $3.31.Q4 EARNINGS PER SHARE $3.17.Q4 SALES $3.68 BILLION VERSUS REFINITIV IBES ESTIMATE OF $3.68 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $3.11 -- REFINITIV IBES DATA.SEES FY 2020 EARNINGS PER SHARE $11.38 TO $12.18.PROGRESS IS BEING MADE TOWARD RECEIPT OF ALL REQUIRED REGULATORY APPROVALS FOR PENDING ACQUISITION OF LORD CORPORATION.IMPACT FROM PENDING LORD AND EXOTIC METALS ACQUISITIONS IS NOT INCLUDED IN FISCAL 2020 GUIDANCE.FISCAL YEAR 2020 GUIDANCE ASSUMES ORGANIC SALES IN RANGE DOWN 3.0% TO FLAT.SEES FY 2020 EARNINGS PER SHARE $11.50 TO $12.30 ON AN ADJUSTED BASIS.QTRLY ORDERS DECREASED 3% FOR TOTAL PARKER.

Parker To Acquire Exotic Metals Forming Company

July 29 (Reuters) - Parker-Hannifin Corp <PH.N>::PARKER TO ACQUIRE EXOTIC METALS FORMING COMPANY IN STRATEGIC TRANSACTION THAT SIGNIFICANTLY EXPANDS AEROSPACE GROUP PRODUCT PORTFOLIO.PARKER-HANNIFIN CORP - ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE EXOTIC METALS FORMING COMPANY LLC FOR $1.725 BILLION IN CASH.PARKER-HANNIFIN CORP - TRANSACTION HAS BEEN APPROVED BY BOARD OF DIRECTORS OF EACH COMPANY.PARKER-HANNIFIN CORP - NET TRANSACTION VALUE IS APPROXIMATELY $1.56 BILLION..PARKER-HANNIFIN CORP - PARKER PLANS TO FINANCE TRANSACTION USING NEW DEBT..PARKER-HANNIFIN CORP - EXPECT TRANSACTION TO BE ACCRETIVE TO ORGANIC GROWTH, EBITDA MARGINS, EPS AND CASH FLOW, EXCLUDING ONE-TIME COSTS.PARKER-HANNIFIN CORP - UPON CLOSING OF DEAL, CO PLANS TO HAVE EXOTIC METALS OPERATE AS A STANDALONE DIVISION WITHIN PARKER'S AEROSPACE GROUP.PARKER-HANNIFIN - DEAL NOT EXPECTED TO IMPACT DIVIDEND PAYOUT TARGET OF APPROXIMATELY 30-35% AVERAGE PERCENT OF NET INCOME OVER A FIVE-YEAR PERIOD.PARKER-HANNIFIN CORP - DEAL ADDS APPROXIMATELY $450 MILLION IN EXPECTED ANNUAL SALES TO AEROSPACE.

Parker Aerospace Joint Venture Company ACE Services Expanding Capabilities

June 12 (Reuters) - Parker-Hannifin Corp <PH.N>::PARKER AEROSPACE JOINT VENTURE COMPANY ACE SERVICES EXPANDING CAPABILITIES TO BECOME CENTER OF EXCELLENCE FOR BOEING 747-400 AND 747-800 FLIGHT CONTROL MAINTENANCE, REPAIR, AND OVERHAUL (MRO).PARKER AEROSPACE - ALL FUTURE PARKER-MANUFACTURED COMPONENTS FOR 747 WILL NOW BE OVERHAULED AND REPAIRED BY ACE SERVICES IN SINGAPORE.PARKER-HANNIFIN- ACE SERVICES NOW SUPPORTS MAINTENANCE, REPAIR, AND OVERHAUL (MRO) FOR 747-400 AND PLANS TO FULLY ASSUME MRO FOR 747-800 IN Q3 OF 2019.

Parker Aerospace Awarded Contract To Support Boeing’S MQ-25 Unmanned Tanker For U.S. Navy

June 10 (Reuters) - Parker-Hannifin Corp <PH.N>::PARKER AEROSPACE AWARDED CONTRACT TO SUPPORT BOEING’S MQ-25 UNMANNED TANKER FOR THE U.S. NAVY.PARKER-HANNIFIN CORP - CONTRACT SUPPORTS BOEING'S PROGRAM TO PROVIDE FOUR MQ-25 AIRCRAFT TO U.S. NAVY FOR INITIAL OPERATIONAL CAPABILITY BY 2024.

Parker-Hannifin Says Entered Into A Credit Agreement

May 24 (Reuters) - Parker-Hannifin Corp <PH.N>::PARKER-HANNIFIN SAYS ENTERED INTO A CREDIT AGREEMENT.PARKER-HANNIFIN - AGREEMENT PROVIDES FOR SENIOR UNSECURED DELAYED-DRAW TERM LOAN FACILITY OF $800 MILLION.PARKER-HANNIFIN - PROCEEDS OF TERM LOAN FACILITY, IF DRAWN, WILL BE USED TO FINANCE PROPOSED DEAL TO BUY LORD CORP.PARKER-HANNIFIN CORP - LOANS UNDER TERM LOAN FACILITY WILL MATURE ON MAY 21, 2022.

Parker Reports Q3 Earnings Per Share $3.14

May 2 (Reuters) - Parker-Hannifin Corp <PH.N>::PARKER REPORTS FISCAL 2019 THIRD QUARTER RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $3.17.Q3 EARNINGS PER SHARE $3.14.Q3 SALES $3.69 BILLION VERSUS REFINITIV IBES ESTIMATE OF $3.71 BILLION.Q3 EARNINGS PER SHARE ESTIMATE $3.02 -- REFINITIV IBES DATA.SEES FY 2019 EARNINGS PER SHARE $11.17 TO $11.47 FROM CONTINUING OPERATIONS.REMAIN ON TRACK TO ACHIEVE OUR FISCAL 2023 FINANCIAL TARGETS.FY GUIDANCE ASSUMES ORGANIC SALES GROWTH IN RANGE OF 2.0% TO 3.0%.PARKER-HANNIFIN - FOR FY, MAINTAINED GUIDANCE FOR EARNINGS FROM CONTINUING OPERATIONS IN RANGE OF $11.17 TO $11.47 PER SHARE, OR $11.45 TO $11.75 PER SHARE ON AN ADJUSTED BASIS.REMAIN ON TRACK TO ACHIEVE FISCAL 2023 FINANCIAL TARGETS THROUGH ONGOING FOCUS ON DRIVING WIN STRATEGY.QTRLY ORDERS DECREASED 4% FOR TOTAL PARKER.

Parker To Acquire Lord Corp In Deal For Approx $3.675 Bln In Cash

April 29 (Reuters) - Parker-Hannifin Corp <PH.N>::PARKER TO ACQUIRE LORD CORPORATION IN STRATEGIC TRANSACTION THAT SIGNIFICANTLY EXPANDS ENGINEERED MATERIALS BUSINESS.PARKER-HANNIFIN CORP - DEAL FOR APPROXIMATELY $3.675 BILLION IN CASH.PARKER-HANNIFIN CORP - PLANS TO FINANCE TRANSACTION USING NEW DEBT.PARKER-HANNIFIN CORP - EXPECTED TO BE ACCRETIVE TO CO'S ORGANIC GROWTH, EBITDA MARGIN, CASH FLOW AND EPS.PARKER-HANNIFIN CORP - TRANSACTION IS NOT EXPECTED TO IMPACT PARKER'S DIVIDEND PAYOUT TARGET.PARKER-HANNIFIN CORP - EXPECTS TO REALIZE APPROXIMATELY $125 MILLION IN PRE-TAX RUN-RATE COST SYNERGIES BY FULL-YEAR 2023 FROM DEAL.PARKER-HANNIFIN CORP - CUMULATIVE COST TO ACHIEVE DEAL SYNERGIES IS EXPECTED TO BE APPROXIMATELY $80 MILLION.PARKER-HANNIFIN CORP - UPON CLOSING OF TRANSACTION, LORD WILL BE COMBINED WITH PARKER'S ENGINEERED MATERIALS GROUP..PARKER-HANNIFIN CORP - DEAL ADDS ABOUT $1.1 BILLION IN ANNUAL SALES TO ENGINEERED MATERIALS WITH COMPLEMENTARY PRODUCTS.PARKER-HANNIFIN CORP - DEAL EXPECTED TO BE ACCRETIVE TO CO'S ORGANIC GROWTH, EBITDA MARGINS, CASH FLOW AND EPS WITHIN FIRST 12 MONTHS.

Parker Increases Quarterly Cash Dividend

April 25 (Reuters) - Parker-Hannifin Corp <PH.N>::PARKER INCREASES QUARTERLY CASH DIVIDEND.SETS REGULAR QUARTERLY CASH DIVIDEND OF $0.88PER SHARE.

Parker Q2 Adjusted Earnings Per Share $2.51

Jan 31 (Reuters) - Parker-Hannifin Corp <PH.N>::PARKER REPORTS FISCAL 2019 SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $2.51.Q2 SALES $3.47 BILLION VERSUS REFINITIV IBES ESTIMATE OF $3.46 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $2.42 -- REFINITIV IBES DATA.SEES FY 2019 EARNINGS PER SHARE $11.04 TO $11.54 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE $2.36.PARKER-HANNIFIN - FOR FY CO HAS INCREASED GUIDANCE FOR EARNINGS FROM CONTINUING OPERATIONS TO RANGE OF $11.35 TO $11.85 PER SHARE ON AN ADJUSTED BASIS.FY2019 EARNINGS PER SHARE VIEW $11.52 -- REFINITIV IBES DATA.FISCAL 2019 EARNINGS FROM CONTINUING OPERATIONS GUIDANCE ASSUMES ORGANIC SALES GROWTH IN RANGE OF 2.0% TO 4.0%.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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