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Last $105.68 USD
Change Today -1.98 / -1.84%
Volume 2.8M
PH On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

parker hannifin corp (PH) Snapshot

Open
$105.14
Previous Close
$107.66
Day High
$106.96
Day Low
$105.00
52 Week High
11/25/14 - $133.41
52 Week Low
08/24/15 - $99.74
Market Cap
14.6B
Average Volume 10 Days
2.2M
EPS TTM
$7.23
Shares Outstanding
138.4M
EX-Date
08/26/15
P/E TM
14.6x
Dividend
$2.52
Dividend Yield
2.38%
Current Stock Chart for PARKER HANNIFIN CORP (PH)

parker hannifin corp (PH) Related Businessweek News

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parker hannifin corp (PH) Details

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates in two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides pneumatic, fluidic, and electromechanical components and systems; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic components and systems for builders and users of industrial and mobile machinery and equipment; critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, as well as components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions; and static and dynamic sealing devices. This segment sells its products to original equipment manufacturers and their replacement markets in manufacturing, packaging, processing, transportation, mobile construction, refrigeration and air conditioning, agricultural, and military machinery and equipment industries. The Aerospace Systems segment offers flight control, hydraulic, fuel, fluid conveyance, and engine systems and components for commercial and military airframe and engine programs. It also provides electronics thermal management heat rejection systems, and single-phase and two-phase heat collection systems for radar, inverse synthetic aperture radar, and power electronics. This segment markets its products directly to original equipment manufacturers and end users in the commercial and military aerospace markets. The company markets its products through direct-sales employees, independent distributors, and sales representatives. Parker-Hannifin Corporation was founded in 1918 and is headquartered in Cleveland, Ohio.

54,754 Employees
Last Reported Date: 08/26/15
Founded in 1918

parker hannifin corp (PH) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $720.0K
President, Chief Operating Officer and Direct...
Total Annual Compensation: $720.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $611.3K
Vice President and President of Hydraulics Gr...
Total Annual Compensation: $549.7K
Vice President of Ebusiness, IoT and Services
Total Annual Compensation: $517.2K
Compensation as of Fiscal Year 2014.

parker hannifin corp (PH) Key Developments

Parker-Hannifin Corporation Announces Group Leadership Changes

Parker Hannifin Corporation announced that Jeff Cullman, Vice President and President - Hydraulics Group, will retire effective October 1, 2015 after 36 years of dedicated service to the company. Separately, the company announced that Bob Bond, Vice President and President - Fluid Connectors Group, has been elected to a newly created position as Vice President - eBusiness, IoT and Services, effective September 1, 2015. As a result of these changes, the company is making a number of related changes for several operating groups, effective September 1, 2015. Andrew Ross, currently Vice President and President - Engineered Materials Group will succeed Mr. Bond as Vice President and President - Fluid Connectors Group. Jenny Parmentier, currently General Manager of the Hose Products Division, will succeed Mr. Ross as Vice President and President - Engineered Materials Group. Andy Weeks, currently Vice President of Operations for the Aerospace Group will succeed Mr. Cullman as Vice President and President - Hydraulics Group.

Parker-Hannifin Corporation Declares Quarterly Dividend Payable September 11, 2015

Parker Hannifin Corporation announced that its Board of Directors has declared a regular quarterly cash dividend of 63 cents per share of common stock to shareholders of record as of August 28, 2015. The dividend is payable September 11, 2015.

Parker-Hannifin Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended June 30, 2015; Revised Earnings Guidance for the Fiscal Year Ending June 30, 2016

Parker-Hannifin Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended June 30, 2015. For the quarter, the company's net sales were $3,144,508,000 against $3,525,415,000 a year ago, reflecting the effect of currency rate changes and weak end market demand. Income before income taxes was $303,973,000 against $407,824,000 a year ago. Net income was $179,585,000 against $301,176,000 a year ago. Net income attributable to common shareholders was $179,454,000 or $1.27 diluted per share against $301,038,000 or $1.98 diluted per share a year ago. The fourth quarter earnings were negatively impacted by $0.30 per share as a result of a higher effective tax rate due to changes in the geographic mix of pre-tax profits and discrete items booked in the quarter. Adjusted net income was $201,633,000 or $1.43 diluted per share against $314,030,000 or $2.06 diluted per share a year ago. Adjusted net cash provided by operating activities were $511 million against $570 million a year ago. For the twelve months, the company's net sales were $12,711,744,000 against $13,215,971,000 a year ago, primarily impacted by the effect of currency rate changes and weakening end market demand in the second half of the fiscal year. Income before income taxes was $1,432,240,000 against $1,556,720,000 a year ago. Net income was $1,012,553,000 against $1,041,418,000 a year ago. Net income attributable to common shareholders was $1,012,140,000 or $6.97 diluted per share against $1,041,048,000 or $6.87 diluted per share a year ago. Adjusted net income was $1,052,767,000 or $7.25 diluted per share against $1,051,638,000 or $6.94 diluted per share a year ago. Adjusted total net sales were $12,711,744,000 against $13,166,461,000 a year ago. Net cash provided by operating activities were $1,301,941,000 against $1,387,893,000 a year ago. Capital expenditures were $215,527,000 against $216,340,000 a year ago. For the fiscal year ending June 30, 2016, the company reduced expected earnings per diluted share from continuing operations in the range of $6.15 to $6.85 down from prior guidance of $7.25 per diluted share to $7.45 per diluted share and adjusted earnings per share is forecasted to be in the range of $6.65 to $7.35 adjusted from prior guidance of $7.55 per share to $7.75 per share. Sales are expected to be down slightly and the results will be influenced by ongoing business realignment actions designed to drive efficiencies, streamline operations and better serve customers. The full year tax rate is projected to be 29%.

 

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Industry Analysis

PH

Industry Average

Valuation PH Industry Range
Price/Earnings 15.4x
Price/Sales 1.2x
Price/Book 2.9x
Price/Cash Flow 14.7x
TEV/Sales 0.8x
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