Parker Hannifin declared a quarterly cash dividend of $1.63 per share, marking its 299th consecutive payment.
Quiver AI Summary
Parker Hannifin Corporation announced a quarterly cash dividend of $1.63 per share for shareholders of record by February 7, 2025, with payment on March 7, 2025. This marks the company's 299th consecutive quarterly dividend and highlights its 68 consecutive years of increasing annual dividends per share, placing it among the top five companies for dividend growth in the S&P 500 Index. Parker Hannifin is a leading global provider of motion and control technologies, contributing to engineering advancements for over a century.
Potential Positives
- The Board of Directors declared a regular quarterly cash dividend of $1.63 per share, demonstrating financial stability and commitment to returning value to shareholders.
- This marks the company's 299th consecutive quarterly dividend, indicating a long-standing reliability in dividend payments.
- Parker Hannifin has a remarkable history of increasing annual dividends for 68 consecutive fiscal years, showcasing strong performance and a commitment to shareholder returns.
- The company ranks among the top five longest-running dividend-increase records in the S&P 500 Index, enhancing its reputation and attractiveness to investors seeking stable dividend income.
Potential Negatives
- None
FAQ
What is Parker Hannifin's latest dividend announcement?
Parker Hannifin announced a quarterly cash dividend of $1.63 per share on January 23, 2025.
When is the record date for this dividend?
The record date for the dividend is February 7, 2025.
When will the dividend be paid?
The dividend will be payable on March 7, 2025.
How many consecutive quarterly dividends has Parker Hannifin paid?
This is Parker Hannifin's 299th consecutive quarterly dividend.
How long has Parker Hannifin increased its annual dividends?
Parker Hannifin has increased its annual dividends for 68 consecutive fiscal years.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PH Congressional Stock Trading
Members of Congress have traded $PH stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $PH stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOHN JAMES sold up to $15,000 on 09/04.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$PH Insider Trading Activity
$PH insiders have traded $PH stock on the open market 32 times in the past 6 months. Of those trades, 0 have been purchases and 32 have been sales.
Here’s a breakdown of recent trading of $PH stock by insiders over the last 6 months:
- ANDREW D ROSS (Chief Operating Officer) has made 0 purchases and 5 sales selling 8,097 shares for an estimated $5,337,058.
- JENNIFER A PARMENTIER (Chief Executive Officer) has made 0 purchases and 4 sales selling 7,547 shares for an estimated $5,011,656.
- MARK J HART (EVP-HR & External Affairs) has made 0 purchases and 3 sales selling 6,015 shares for an estimated $3,956,570.
- JOSEPH R LEONTI (VP, Gen Counsel & Secretary) sold 5,877 shares for an estimated $3,708,622
- ROBERT W MALONE (VP & Pres.-Filtration Grp.) sold 3,945 shares for an estimated $2,762,446
- THOMAS C GENTILE (VP-Global Supply Chain) has made 0 purchases and 7 sales selling 3,459 shares for an estimated $2,287,361.
- DINU J PAREL (VP & Chief Digital & Info Off.) has made 0 purchases and 2 sales selling 3,175 shares for an estimated $2,040,010.
- JOSEPH SCAMINACE has made 0 purchases and 3 sales selling 2,872 shares for an estimated $1,816,600.
- BEREND BRACHT (VP & Pres.- Motion Sys. Grp.) has made 0 purchases and 2 sales selling 2,401 shares for an estimated $1,588,580.
- RACHID BENDALI (VP & Pres.- Eng. Mat. Grp.) has made 0 purchases and 2 sales selling 1,815 shares for an estimated $1,043,368.
- JAMES VERRIER sold 1,300 shares for an estimated $825,981
- ANGELA R IVES (VP & Controller) sold 187 shares for an estimated $118,773
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PH Hedge Fund Activity
We have seen 722 institutional investors add shares of $PH stock to their portfolio, and 606 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- STATE STREET CORP added 753,143 shares (+13.8%) to their portfolio in Q3 2024, for an estimated $475,850,810
- DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN added 699,047 shares (+61.1%) to their portfolio in Q3 2024, for an estimated $441,671,875
- WINSLOW CAPITAL MANAGEMENT, LLC removed 592,830 shares (-99.7%) from their portfolio in Q3 2024, for an estimated $374,561,850
- WELLINGTON MANAGEMENT GROUP LLP added 564,365 shares (+39.9%) to their portfolio in Q3 2024, for an estimated $356,577,094
- PRICE T ROWE ASSOCIATES INC /MD/ added 507,782 shares (+59.4%) to their portfolio in Q3 2024, for an estimated $320,826,823
- INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC removed 380,976 shares (-99.8%) from their portfolio in Q4 2024, for an estimated $242,312,165
- MIZUHO SECURITIES USA LLC added 353,393 shares (+3566.4%) to their portfolio in Q3 2024, for an estimated $223,280,765
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
CLEVELAND, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.63 per share of common stock to shareholders of record as of February 7, 2025. The dividend is payable March 7, 2025.
This is the company's 299 th consecutive quarterly dividend. Parker has increased its annual dividends per share paid to shareholders for 68 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 Index.
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Learn more at www.parker.com or @parkerhannifin.
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