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Fly News Breaks for July 6, 2018
PH
Jul 6, 2018 | 07:29 EDT
KeyBanc analyst Jeffrey Hammond reiterated an Overweight rating on Parker-Hannifin, but lowered his price target on shares to $200 from $225 to reflect multiple adjustments across the space. In a research note to investors, Hammond says he has increased confidence that Parker-Hannifin can reach, and possibly exceed, incremental margin guidance for Q4 of 19% for North America as duplicate costs start to moderate, and believes the following quarters set up well for material margin improvement on sustained end-market support.
News For PH From the Last 2 Days
PH
Apr 25, 2024 | 17:01 EDT
Parker Hannifin has declared a quarterly cash dividend of $1.63 per share of common stock to shareholders of record as of May 10, payable June 7.
