Information Provided By: 
Fly News Breaks for July 10, 2019
PH
Jul 10, 2019 | 06:45 EDT
JPMorgan analyst Ann Duignan downgraded Parker-Hannifin to Neutral from Overweight and lowered her price target for the shares to $169 from $186. The analyst cites weakening global industrial production for the downgrade. End market headwinds in most regions are likely to weigh on the company's organic growth, Duignan tells investors in a research note. Further, the recently announced acquisition of Lord may weigh on Parker-Hannifin's returns given the price it paid.
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.
