The Latest Breaking News from PH

The stock market has been under pressure with the Fed’s hawkish monetary policy pivot, historically high levels of inflation, and the Russia-Ukraine war. Given the volatile market backdrop, we think investing in the stocks of dividend kings W.W. Grainger (GWW), Tennant Company (TNC), The Coca-Cola Company (KO), Parker-Hannifin Corp. (PH),…

Parker-Hannifin Corp (NYSE:PH) has agreed to divest its Aircraft Wheel and Brake Division, located in Avon, Ohio, in the U.S., to Kaman Corp (NYSE:KAMN) for $440 million. Parker's Aircraft Wheel and Brake Division is a manufacturer of aircraft wheel and brake systems and related hydraulic products, with annual sales of ~$70 million. Parker is divesting Aircraft…

Parker-Hannifin Corp (NYSE:PH) business segment Parker Aerospace has been selected by the Sikorsky-Boeing team for the DEFIANT X entrant in the Future Long-Range Assault Aircraft (FLRAA). Financial terms were not disclosed. Sikorsky, a Lockheed Martin Co (NYSE:LMT), and Boeing Co (NYSE:BA) are partnered as Team DEFIANT, competing for the Future Vertical Lift FLRAA program award. The hydraulic…

Parker-Hannifin Corp (NYSE:PH) has offered remedies to secure EU antitrust approval for its £6.3 billion bid for British rival Meggitt plc (OTC:MEGGF), reported Reuters. Related: Parker-Hannifin To Acquire Meggitt For ~£6.3B The EU competition enforcer extended its deadline for a decision to April 11 from March 28. The regulator will seek feedback from rivals and customers…

If history is any guide, there may be trouble ahead for shares of Parker Hannifin (NYSE:PH). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

According to Benzinga Pro data Parker Hannifin (NYSE:PH) posted a 14.12% decrease in earnings from Q1. Sales, however, increased by 1.65% over the previous quarter to $3.83 billion.

Parker-Hannifin Corp (NYSE:PH) reported second-quarter FY22 sales growth of 12% year-over-year to $3.82 billion and +13% on an organic basis, beating the consensus of $3.72 billion. Adjusted EPS improved to $4.46 from $3.45 in 2Q21, beating the consensus of $3.91. Parker Hannifin generated a YTD operating cash flow of $1.01 billion, compared to…

  Parker Hannifin (NYSE:PH) reported its Q2 earnings results on Thursday, February 3, 2022 at 07:30 AM. Here's what investors need to know about the announcement.

The shares of Parker-Hannifin’s (PH), a Fortune 250 global leader in motion and control technologies, have returned double-digit gains over the past year, and Wall Street analysts see further upside potential in the stock. Furthermore, the company shared a positive outlook for its sales and earnings per share for its…