PH Stock Recent News

NEW YORK--(BUSINESS WIRE)--SK Capital Announces Agreement to Acquire North America Composites & Fuel Containment Division from Parker Hannifin Corporation.

CLEVELAND, July 29, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced it has signed an agreement to divest its North America Composites and Fuel Containment (CFC) Division to private investment firm SK Capital Partners. With the completion of this transaction the company will have successfully divested businesses and product lines over the past three years that total nearly $450 million in annual sales. The transaction is subject to customary closing conditions.

Parker-Hannifin (PH) is poised to gain from business strength, acquisitions and shareholder-friendly moves. However, challenging conditions in off-highway and transportation markets remain a concern.

CLEVELAND, July 10, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced the election of E. Jean Savage to its Board of Directors, effective July 10, 2024.

Dividend growth stocks are among the best investments for creating lasting wealth in the stock market. With a history of reliable dividend increases, these dividend stocks provide investors with a steady income stream and, more often than not, capital appreciation.

Chicago, June 28, 2024 (GLOBE NEWSWIRE) -- The Aircraft Seals Market Size is projected to grow from USD 3.1 Billion in 2023 to USD 3.8 Billion by 2028, at a CAGR of 4.1% from 2023 to 2028. Aircraft seals are in responsible for keeping fluids, gases, and other media contained within an aircraft's numerous systems.

HOUSTON , June 26, 2024 /PRNewswire/ -- Kaon Interactive , the leader in interactive marketing and sales applications for global B2B companies, is proud to announce its partnership with Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies. Kaon's digital interactive technology is set to enhance Parker Hannifin's customer engagement strategy, fostering adaptation in today's digital, fast-paced, and ever-evolving world.

Parker-Hannifin Corp. is a powerhouse in the industrial sector with significant aerospace exposure and diversified industrial products. The company has shown impressive growth driven by strategic initiatives and favorable market trends in aerospace, clean technology, and electrification. Despite a cautious approach due to the stock's current valuation, the company's ambitious targets for revenue, margins, and free cash flow warrant a Buy rating.

Parker-Hannifin (PH) is expected to benefit from business strength, acquired assets and shareholder-friendly policies. However, weakness in the Diversifies Industrial unit remains a concern.

CLEVELAND, May 16, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today hosted its 2024 investor meeting where members of the Office of the Chief Executive presented an update on the company's ongoing transformation, detailed how Parker is positioned for continued growth from secular trends, reinforced the importance of The Win StrategyTM in driving growth and margin expansion, and announced new five-year financial performance targets for fiscal year 2029. The Win StrategyTM is the Parker business system and establishes goals and strategies for engaged people, premier customer experience, profitable growth and financial performance.