|Bid||157.53 x 800|
|Ask||157.62 x 800|
|Day's Range||157.42 - 161.58|
|52 Week Range||140.82 - 193.19|
|Beta (3Y Monthly)||1.72|
|PE Ratio (TTM)||14.47|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||3.52 (1.94%)|
|1y Target Est||185.94|
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Parker Hannifin Corporation (PH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Electrical Products Group Conference in Coral Gables, Florida on May 21, 2019 at 12:30 p.m. Eastern time. Parker's scheduled presenter is Tom Williams, Chairman and Chief Executive Officer. A live webcast of the presentation will be accessible on Parker's investor information website at www.phstock.com and will be archived on the site. Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than 100 years the company has engineered the success of its customers in a wide range of diversified industrial and aerospace markets. Parker has increased its annual dividend per share paid to shareholders for 63 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at www.parker.com or @parkerhannifin.
Industrial manufacturer Parker-Hannifin’s top exec says the firm’s pending $3.7 billion buy of Cary-based Lord Corporation comes down to growth opportunity.
Parker-Hannifin Corp NYSE:PHView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for PH with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PH. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $3.08 billion over the last one-month into ETFs that hold PH are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. PH credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
CEO Martin Richenhagen said he’s hopeful a U.S.-China trade deal will happen soon, calling the tensions “a homemade problem that we could have avoided.” But a rapprochement won’t necessarily bring a spike in orders. Norfolk Southern CEO Jim Squires said his customers – which range from automotive manufacturers to chemical companies and commodity suppliers – are bullish as a group.
Parker-Hannifin's (PH) third-quarter fiscal 2019 revenues fall year over year due to softness in North American segment.
NEW YORK, NY / ACCESSWIRE / May 2, 2019 / Parker-Hannifin Corp. (NYSE: PH ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on May 2, 2019 at 11:00 AM Eastern ...
On a per-share basis, the Cleveland-based company said it had profit of $3.14. Earnings, adjusted for non-recurring costs, came to $3.17 per share. The results beat Wall Street expectations. The average ...
- EPS reached an all-time quarterly record at $3.14 as reported, or $3.17 adjusted- Segment operating margin was an all-time record at 17.1% as reported, or 17.2%.
Strength across Parker-Hannifin's (PH) Diversified Industrial and Aerospace Systems segments will be conducive to its fiscal third-quarter results. High costs and expenses are concerns.
Hours after disclosing Parker-Hannifin’s $3.7 billion buyout proposal for his company, Lord Corporation CEO Ed Auslander says he’s optimistic that the deal is a good fit – not just for Lord, but for Cary. Auslander won TBJ's 2019 CEO of the Year just a few weeks ago. “They are impressed with us, the people here in Cary, what we’re doing in Cary, all of the R&D, the business leaders are here, and they value all of those folks,” he says.
Moody's Investors Service (Moody's) affirmed the senior unsecured rating of Parker-Hannifin Corporation (Parker-Hannifin) at Baa1 and affirmed the short-term Commercial Paper rating at P-2. The rating affirmations follow the company's announcement to acquire privately-held and unrated LORD Corporation (LORD), a provider of materials science and motion control technologies, for approximately $3.7 billion. Furthermore, post-acquisition leverage will remain high relative to similarly-rated industrial peers well into the second year of the merger (which could be Parker-Hannifin's fiscal year 2021).
Parker-Hannifin Corp. announced it’s buying closely held adhesives and coatings maker Lord Corp. for $3.675 billion in a deal that CEO Tom Williams says will “meaningfully transform” the company’s portfolio. Ingersoll-Rand Plc is moving in the opposite direction: It’s reportedly exploring a combination of its industrial unit with Gardner Denver Holdings Inc. The deal would separate a business whose products are as varied as power tools and golf carts from the climate-controls division that makes up the bulk of its sales and profit.
Parker Hannifin will acquire Lord Corp., a privately held technology and manufacturing company, for $3.7 billion in cash.
Parker Hannifin Corporation (NYSE: PH ) announced Monday that it has entered an agreement to buy privately held LORD Corp. for about $3.675 billion in cash. What Happened Cary, North Carolina-based Lord ...
Ohio industrial giant Parker-Hannifin Corporation is acquiring Cary-based Lord Corporation in a $3.7 billion deal.
U.S. industrial conglomerate Parker Hannifin Corp said on Monday it would buy privately held adhesives and coatings maker Lord Corp for about $3.68 billion in cash, in a move to strengthen its aerospace and defense businesses. Lord also provides vibration and motion control technologies used in the aerospace, automotive and industrial markets. Cary, North Carolina-based Lord, which has annual sales of about $1.1 billion, will expand Parker Hannifin's engineered materials business, which makes sealing devices for markets including aerospace, defense and automotive.
(Reuters) - U.S. industrial conglomerate Parker Hannifin Corp said on Monday it would buy privately held LORD Corp for about $3.68 billion (£2.85 billion) in cash. Cary, North Carolina-based LORD makes ...
Parker Hannifin Corp. announced Monday a deal to buy privately held adhesives, coatings and materials company Lord Corp. for $3.68 billion in cash. Parker said it plans to finance the deal with new debt. The deal, which is expected to close within the next four to six months, is not expected to impact Parker's dividend payout targets. "The combination of Parker and LORD is expected to drive significant value for Parker shareholders and be accretive to organic growth, EBITDA margins, cash flow and EPS, excluding one-time costs and deal related amortization," said Parker Chief Executive Tom Williams. Parker's stock, which is still inactive in premarket trade, has rallied 11.3% over the past 12 months while the S&P 500 has gained 10.1%.
Parker Hannifin Corporation (PH), the global leader in motion and control technologies, today announced that it has entered into a definitive agreement to acquire LORD Corporation for approximately $3.675 billion in cash. The transaction has been approved by the Board of Directors of each company and is subject to customary closing conditions, including receipt of applicable regulatory approvals. “This strategic transaction will reinforce our stated objective to invest in attractive margin, growth businesses, such as engineered materials, that accelerate us towards top-quartile financial performance,” said Tom Williams, Chairman and Chief Executive Officer of Parker. “LORD will significantly expand our materials science capabilities with complementary products, better positioning us to serve customers in growth industries and capitalize on emerging trends such as electrification and lightweighting.
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