Parker-Hannifin Corporation

Parker-Hannifin Corporation

Parker-Hannifin Corporation

Overview
Date Founded

1938

Headquarters

6035 Parkland Boulevard, Cleveland, OH, 44124-4141, USA

Employees (Worldwide)

55.6K

Industries

Metal Manufacturing & Products
Appliances & Electronics
Industrial Machinery & Manufacturing
Electrical Products
Computer Software

Company Description

Parker-Hannifin Corp. engages in the manufacture of motion and control technologies and systems. The firm also provides engineered solutions for mobile, industrial, and aerospace markets. It operates through the following segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers products to original equipment manufacturers. The Aerospace Systems segment supplies aftermarket services, commercial transports, engines, helicopters, military aircraft, missiles, and unmanned aerial vehicles. The company was founded by Arthur L. Parker in 1918 and is headquartered in Cleveland, OH.

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Executives & Employees

Chairman & Chief Executive Officer

President & Chief Operating Officer

Vice President, General Counsel & Secretary

Chief Technology & Innovation Officer

Vice President & Chief Information Officer

Vice President-Chief Information Officer

President-Europe, Middle East & Africa Group

President-Latin America Group

President-Asia Pacific Group

Vice President & President, Engineered Materials Group

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Owners & Shareholders
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Longview Partners is a specialist asset management company focused entirely on the management of Global Equity portfolios. They are an active manager which utilizes a bottom-up, evidence-based process to seek investment opportunities based on fundamental research. The primary focus of the firm’s investment process is to invest in high quality companies with strong business fundamentals and attractive cash-based valuations. Longview Partners uses its own in-house models to conduct this analysis. Longview Partners focus on three criteria for security selection: Quality, Business Fundamentals and Valuation. They also have a strict sell-discipline which is consistently adhered to. It is these bottom-up buy and sell decisions that drive portfolio construction.

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Welcome to Aristotle, where our mission as a firm is to exceed the investment objectives and service expectations of our clients around the world. We are defined by our philosophy and passionate about investing, priding ourselves on internally generated research that guides the construction of our multiple investment strategies. Whether you are a client at Aristotle or considering becoming a client, you’ll quickly discover our commitment to excellence, stability, growth and integrity.

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Holocene is an active, long/short manager which aims to generate superior risk-adjusted absolute returns through a deep, fundamental, bottom-up research process coupled with risk-controlled portfolio construction. They employ a broad mandate to invest, long and short, in publicly traded equities and equity-related instruments across all market-caps, though they primarily invest in mid- and large-cap global companies in the consumer, technology, media, telecommunications and industrial sectors.The firm seeks to invest in companies with quality management, a competitive advantage capital returns and cash flow.

Recent Transactions
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Parker-Hannifin Corporation purchases LORD Corporation

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Parker-Hannifin Corporation purchases Exotic Metals Forming Co. LLC

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Filtration Group Corp., FGI Equity LLC purchase Parker-Hannifin Corp. /Facet Filtration Bus from Parker-Hannifin Corporation

Insider Transactions
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Transaction Advisors
Accountant

Advised onParker-Hannifin Corporation purchases Wynn's International, Inc.

Legal Advisor

Advised onParker-Hannifin Corporation purchases Clarcor, Inc.

Accountant

Advised onParker-Hannifin Corporation purchases Jinyoung Electric Machinery Co Ltd

Legal Advisor

Advised onParker-Hannifin Corporation purchases Clarcor, Inc.

Legal Advisor

Advised onParker-Hannifin Corporation purchases Clarcor, Inc.

Legal Advisor

Advised onParker-Hannifin Corporation purchases Clarcor, Inc.

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Legal Advisor

Partner-in-Charge at Jones Day

Real Estate Agent

Vice Chairman, Industrial at Newmark & Company Real Estate, Inc.

Clients

General Dynamics is a market leader in business aviation; combat vehicles, weapons systems and munitions; shipbuilding and marine systems; and mission-critical information systems and technology. The company was formed in 1952 through the combination of the Electric Boat Company, Consolidated Vultee (CONVAIR) and several others. The company grew organically and through acquisitions until the early 1990s, when they sold many of our defense-related businesses. Starting in the mid-1990s, they began expanding by acquiring combat vehicle-related businesses, additional shipyards, information-technology product and service companies and Gulfstream Aerospace Corporation.

General Electric Co. is a technology and financial services company. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, hardware & software, offshore wind turbines, solutions, products & services to hydropower industry, blades for onshore & offshore wind turbines, and high voltage equipment. The Aviation segment provides jet engines & turboprops for commercial airframes, maintenance, component repair, and overhaul services, as well as replacement parts, additive machines & materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. The Capital segment leases & finances aircraft, aircraft engines and helicopters, and also provides financial and underwriting solutions. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Boston, MA.

The Boeing Co. is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space and security systems. It operates through the following segments: Commercial Airplanes; Defense, Space and Security; Global Services; and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. The Defense, Space and Security segment refers to the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike, including fighter and combat rotorcraft aircraft and missile systems; global mobility, including tanker, rotorcraft and tilt-rotor aircraft; and airborne surveillance and reconnaissance, including command and control, battle management and airborne anti-submarine aircraft. The Global Services segment provides services to commercial and defense customers. The Boeing Capital segment seeks to ensure that Boeing customers have the financing they need to buy and take delivery of their Boeing product and manages overall financing exposure. The company was founded by William Edward Boeing on July 15, 1916 and is headquartered in Chicago, IL.

Key Stats and Financials As of 2019
Market Capitalization
$23.2B
Total Enterprise Value
$26.1B
Earnings Per Share
$11.48
Revenue
$14.3B
Net Profit
$1.51B
EBITDA
$2.56B
EBITDAMargin
17.88%
Total Debt
$7.11B
Total Equity
$5.97B
Enterprise Value Sales
1.83x
Enterprise Value EBITDAOperating
10.21x
TEVNet Income
17.29x
Debt TEV
0.27x
Three Year Compounded Annual Growth Rate Of Revenue
8.02%
Five Year Compounded Annual Growth Rate Of Revenue
1.62%
Non-Profit Donations & Grants
Political Donations
$1,000
2012
$2,500
2012
$250
2010
Investments
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Artificial Muscle, Inc. provides electro active polymers. The firm designs and manufactures actuator and sensing components. The company was founded by Marcus Rosenthal and Alex Beavers in 2004 and is headquartered in Sunnyvale, CA.

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Innovative Solutions & Support, Inc. manufactures flight navigation systems. The firm designs, manufactures, sells, and services air data equipment, engine display systems, standby equipment, primary flight guidance, and cockpit display systems for retrofit applications and original equipment manufacturers. It supplies integrated flight management systems, flat panel display systems, integrated standby units and advanced global positioning system receivers that enable reduced carbon footprint navigation. The company was founded by Geoffrey S. M. Hedrick on February 12, 1988 and is headquartered in Exton, PA.

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Freedom Innovations LLC designs, manufactures, and markets prosthetic devices. The firm focuses on developing lower limb prosthetic solutions in collaboration with prosthetists and amputees. Its products include Renegade, Thrive, Pacifica, DynAdapt, Agilix, and Maverick Comfort AT. The company was founded in 2002 and is headquartered in Irvine, CA.

Suppliers
Kreisler Manufacturing Corp. Aerospace & Defense | Elmwood Park, NJ

Kreisler Manufacturing Corp. engages in the manufacture of precision tube and pipe assemblies and manifolds used in the aerospace and industrial gas turbine markets. The company was founded on December 13, 1968 and is headquartered in Elmwood Park, NJ.

Woodward, Inc. Power & Utilities | Fort Collins, Colorado

Woodward, Inc. engages in the provision of control system solutions and components for the aerospace and industrial markets. It operates through the Aerospace and Industrial segment. The Aerospace segment designs, manufactures, and services systems and products for the management of fuel, air, combustion and motion control. The Industrial segment includes the design and services systems and products for the management of fuel, air, fluids, gases, electricity, motion, and combustion. The company was founded by Amos W. Woodward in 1870 and is headquartered in Fort Collins, CO.

Hardinge, Inc. Tools & Hardware | Elmira, NY

Hardinge, Inc. engages in the design, manufacture, and distribution of machine tools. It operates through the Metalcutting Machine Solutions and Aftermarket Tooling and Accessories. The Metalcutting Machine Solutions segment includes operations related to grinding, turning, and milling machines. The Aftermarket Tooling and Accessories segment refers to the products that are purchased by manufacturers throughout the lives of their machines. The company was founded by Franklin Hardinge and Henry Hardinge in 1890 and is headquartered in Elmira, NY.

Competitors
Danaher Corporation Industrial Machinery & Manufacturing - Washington, DC

Danaher Corp. operates as a medical company, which designs, manufactures, and markets professional, medical, industrial and commercial products and services. It operates through the following segments: Life Sciences, Diagnostics, and Environmental & Applied Solutions. The Life Sciences segment offers a range of research tools that scientists use to study the basic building blocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new therapies and test new drugs and vaccines. The Diagnostics segment comprises of analytical instruments, reagents, consumables, software, and services that hospitals, physician's offices, reference laboratories, and other critical care settings use to diagnose disease and make treatment decisions. The Environmental & Applied Solution segment offers products and services that help protect important resources and keep global food and water supplies safe. The company was founded by Steven M. Rales and Mitchell P. Rales in 1969 and is headquartered in Washington, DC.

Emerson Electric Co. Industrial Machinery & Manufacturing - St Louis, MO

Emerson Electric Co. engages in the provision of measurement and analytical instrumentation; industrial valves & equipment; process control systems, tools & appliance solutions for customers in a range of industrial, commercial and consumer markets. It operates through the following business segments: Automation Solutions and Commercial & Residential Solutions. The Automation Solutions segment offers products; software and technology; and engineering, project management, consulting services and integrated manufacturing solutions for precision measurement, control, monitoring, asset optimization, and safety and reliability of oil and gas reservoirs, manufacturing operations, and plants that process or treats various items. The Climate Technologies segment provides products and services for many areas of the climate control industry, including residential heating and cooling, commercial air conditioning, and commercial and industrial refrigeration. The Commercial & Residential Solutions segment sells tools for professionals and homeowners and appliance solutions, such as food waste disposer, ceiling fans, lighting, sensing and protection devices. The company was founded by Charles Meston and Alexander Meston on September 24, 1890 and is headquartered in St. Louis, MO.

Raytheon Technologies Corp. Aerospace & Defense - Waltham, MA

Raytheon Technologies Corp. engages in the provision of aerospace and defense systems and services for commercial, military, and government customers. It operates through the following segments: Collins Aerospace Systems, Pratt and Whitney, Raytheon Intelligence and Space, and Raytheon Missiles and Defense. The Collins Aerospace Systems segment specializes in the aero structures, avionics, interiors, mechanical systems, mission systems, and power controls. The Pratt and Whitney segment includes design and manufacture of aircraft engines and auxiliary power systems for commercial, military, and business aircraft. The Raytheon Intelligence and Space segment involves in the development of sensors, training, and cyber and software solutions. The Raytheon Missiles and Defense segment offers end-to-end solutions to detect, track, and engage threats. The company was founded in 2020 and is headquartered in Waltham, MA.

Awards & Honors
Rank #224
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #224
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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