Core Viewpoint - Parker-Hannifin Corporation is expected to report fourth-quarter fiscal 2024 results on August 8, with revenue estimates at $5.1 billion, indicating stability compared to the previous year, and earnings per share estimated at $6.23, reflecting a 2.5% increase year-over-year [1][2]. Group 1: Quarterly Performance Expectations - The Aerospace Systems segment is anticipated to benefit from strong demand in commercial and military markets, with quarterly revenues estimated at $1.43 billion, representing an 11.5% increase from the prior year [3][4]. - The Win Strategy, focusing on innovation and strategic positioning, is expected to positively impact margins in the fourth quarter [5]. - The Diversified Industrial North America segment is projected to see revenues of $2.2 billion, a 3.7% increase year-over-year, while the Diversified Industrial International segment is expected to decline by 5% to $1.43 billion [6][7]. Group 2: Future Projections - For fiscal 2024, organic sales in the Aerospace Systems segment are expected to rise approximately 15%, while the Diversified Industrial North America segment is projected to decline by about 2.5% [8]. - Foreign currency headwinds are likely to negatively affect margins and profitability due to the company's significant international operations [8]. Group 3: Earnings Prediction Insights - The current Earnings ESP for Parker-Hannifin is -0.24%, indicating a lower Most Accurate Estimate of $6.21 compared to the Zacks Consensus Estimate of $6.23, suggesting a lower likelihood of an earnings beat this quarter [9][10].

Parker-Hannifin (PH) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on August 8, 2024, might help the stock move higher if these key numbers are better than e ...

Group 1 - Parker Hannifin Corporation will release its fiscal 2024 fourth quarter and full year earnings on August 8, 2024, before the market opens [1] - A conference call will be held at 11:00 a.m. Eastern time to discuss the earnings results and answer questions from institutional investors and analysts [1] - The conference call will be webcast on Parker's investor information website and will be archived for later replay [1] Group 2 - Parker Hannifin is recognized as a Fortune 250 global leader in motion and control technologies [2] - The company has a strong track record of increasing its annual dividend per share for 68 consecutive fiscal years, ranking among the top five longest-running dividend-increase records in the S&P 500 index [2]

"One element of our strategy is assessing whether we are the best owner for certain businesses or whether they could be more successful as part of another organization," said Chairman and Chief Executive Officer, Jenny Parmentier. "The CFC Division is a solid business with strong performance and growth potential backed by a great team, whom we wish continued success under the ownership of SK Capital Partners." Parker has also completed the divestiture of several other businesses or product lines over the pa ...

Core Viewpoint - Parker Hannifin Corporation has announced the divestiture of its North America Composites and Fuel Containment (CFC) Division to SK Capital Partners, indicating a strategic assessment of ownership for business success [1][2]. Company Overview - Parker Hannifin is a global leader in motion and control technologies, with a history of over a century in enabling engineering breakthroughs [7]. - The CFC Division, headquartered in Erlanger, Kentucky, generates annual sales of approximately $350 million and specializes in manufacturing composites, fuel tanks, and bladders [2]. Recent Divestitures - Over the past three years, Parker has divested businesses and product lines totaling nearly $450 million in annual sales, including several divisions such as France Electromechanical Solutions and MicroStrain® [1][3]. Transaction Details - The transaction with SK Capital Partners is subject to customary closing conditions and is part of Parker's broader strategy to evaluate the best ownership for its businesses [1][4].

In the quarters ahead, the segment is expected to benefit from solid demand for its products and aftermarket support services in general aviation and military end markets. The company expects the Aerospace Systems segment's organic sales to increase approximately 15% from the year-ago levels in fiscal 2024. Parker-Hannifin's unique Win Strategy, which focuses on driving its organic and long-term growth, also supports its margin performance. In the fiscal third quarter, PH's adjusted operating margin increas ...

Core Viewpoint - Parker Hannifin Corporation has elected E. Jean Savage to its Board of Directors, effective July 10, 2024, enhancing its leadership with her extensive experience in industrial and engineering sectors [2][5]. Company Overview - Parker Hannifin is a Fortune 250 global leader in motion and control technologies, with a history of over a century in enabling engineering breakthroughs [3]. New Board Member Profile - E. Jean Savage is currently the President and CEO of Trinity Industries, Inc., and has held this position since 2020. She has a strong background in various senior leadership roles at Caterpillar Inc. and Parker Hannifin, along with military experience as an intelligence officer [4][5]. - Savage's expertise includes advanced manufacturing operations and strategic areas relevant to Parker Hannifin's future goals [5].

Core Insights - Companies that initiate and grow dividends tend to outperform other stocks, showcasing financial discipline and profitability [1] - UnitedHealth Group has raised its dividend by 12% to $2.10 per share, marking the 14th consecutive year of increases [3] - The company has achieved a 19.6% compounded annual growth rate (CAGR) in dividends over the past decade, with a slightly slower 15% CAGR over the last five years [3] - UnitedHealth's free cash flow (FCF) supports its dividend, with a low payout ratio of 20%, indicating sustainability [4] - Parker-Hannifin has a 10-year CAGR of 12% for dividend hikes and has paid dividends for 74 years, raising them for 67 consecutive years [6][14] - The Schwab U.S. Dividend Equity ETF (SCHD) has a five- and ten-year CAGR of 10.5% and recently announced a 35% dividend increase [8][16] - SCHD holds about 100 dividend-paying stocks and has a yield of 3.6% annually, with major holdings including Home Depot, Cisco Systems, and AbbVie [16][17] Company-Specific Insights - UnitedHealth Group's dividend has increased from $1.05 per share in 2013 to $8.40 per share today, making it a favorite among dividend investors [12] - Parker-Hannifin has grown its FCF at an 11% CAGR over the past decade, increasing to over 14% in the last five years, supporting its dividend sustainability [19] - SCHD's dividends are variable and can change quarterly, but they have never decreased year over year [20]

Parker has chosen the Kaon High Velocity Marketing Platform to help accelerate its digital transformation, focusing on interactive customer engagement applications. Kaon's solutions enable dynamic interaction with customers, allowing them to explore and understand the impact and value of various Parker technologies. This initiative aligns with Parker's target to achieve organic growth in key markets by 4-6% annually. About Kaon Interactive HOUSTON, June 26, 2024 /PRNewswire/ -- Kaon Interactive, the leader ...

Introduction Even better, and with regard to my aerospace comments, going forward, the company believes it is in a great spot to capitalize on several long-term secular trends, including clean technology, electrification, digitalization, and aerospace. To add some details, the company's clean technology initiatives, like hydrogen fuel cells and electrolyzers, are expected to capture a $5 billion market through 2030, with double-digit revenue growth. 4 Acr g Market tes III co Verticals In Plan Aerospace & De ...