Company
Parker-Hannifin Corporation
Headquarters: Cleveland, OH, United States
Founded: 1917, Cleveland, Ohio, U.S.
Employees: 54,640
CEO: Mr. Thomas L. Williams
Market Cap
$58.08 Billion
USD as of Jan. 1, 2024
Parker-Hannifin Corporation Categories
United States Industrials Specialty Industrial MachineryUnited States Industrials United States Specialty Industrial Machinery
Company Description
Parker-Hannifin Corporation, more simply known as Parker, is a company specializing in motion and control technologies. Tracing its origins to 1917, it provides a number of products and technologies for motion control for aerospace, climate control, electromechanical, filtration, fluid and gas handling, hydraulics, pneumatics, process control, and sealing and shielding.
Top Competitors by Market Capitalization
Industry: Specialty Industrial Machinery
| Company | Market Cap (USD) |
|---|---|
| Siemens | $138.51 B |
| General Electric | $135.68 B |
| Honeywell | $135.08 B |
| Schneider Electric SE | $110.11 B |
| Open Joint Stock Company OMZ | $101.93 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Boeing | $148.18 B |
| Union Pacific | $147.34 B |
| Caterpillar | $145.65 B |
| Siemens | $138.51 B |
| General Electric | $135.68 B |
Detailed Description
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments, Diversified Industrial and Aerospace Systems. The Company's Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; 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; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment. This segment sells its products to original equipment manufacturers (OEMs) and distributors who serve the replacement markets in manufacturing, packaging, processing, transportation, construction, refrigeration and air conditioning, agricultural, and military machinery and equipment industries. Its Aerospace Systems segment offers products for use in commercial and military airframe and engine programs, such as control actuation systems and components, engine build-up ducting, engine exhaust nozzles and assemblies, engine systems and components, fluid conveyance systems and components, fuel systems and components, fuel tank inerting systems, hydraulic systems and components, lubrication components, pilot controls, pneumatic control components, thermal management products, and wheels and brakes, as well as fluid metering, delivery, and atomization devices. This segment markets its products directly to OEMs and end users. It markets its products through direct-sales employees, independent distributors, and sales representatives. The company was founded in 1917 and is headquartered in Cleveland, Ohio.
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Stocks & Indices
Parker-Hannifin Corporation has the following listings and related stock indices.
Stock: NYSE: PH wb_incandescent
Stock: BMV: PH wb_incandescent
Stock: Bovespa: P1HC34 wb_incandescent
Stock: XETR: PAR wb_incandescent
Key People
Founder(s): Arthur L. Parker
Thomas L. Williams (present CEO and Chairman), Lee C. Banks (Vice Chairman) Jennifer A. Parmentier COO
Financials
Revenue: US$14.3 billion (2018)
Operating income: US$1.47 billion (2018)
Net income: US$1.21 billion (2018)
Total assets: US$15.32 billion (2018)
Total equity: US$7.45 billion (2018)