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February 11, 2013
08:53 EDTPHParker-Hannifin formalizes collaboration agreement with Shepherd Center
Parker Hannifin announced that it has formalized an agreement with Shepherd Center to support the commercialization of Parker's exoskeleton device Indego, which is planned for release in 2014. Under the general terms of the agreement, Shepherd Center will function as the lead rehabilitation center for clinical testing of the device. Shepherd Center will develop clinical protocols for use of the device, train clinicians at other rehabilitation centers where the device will be used, and monitor clinical trials. Also, the agreement includes collaboration between Parker and Shepherd Center to market the device subsequent to regulatory approval.
News For PH From The Last 14 Days
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October 7, 2015
08:56 EDTPHParker-Hannifin weakness creates buying opportunity,says Argus
Argus notes that Parker-Hannifin's stock has underperformed the market and the industry over the past quarter, dropping 11% versus a 5% decline in the S&P 500. However, the firm thinks the company is on track to meet its goal of increasing its margins and earnings over the long-term. Noting that the company has consistently lowered its guidance in recent quarters, Argus acknowledges that the company's near-term trends are problematic. However, it is upbeat on the company's management and keeps a $125 price target and Buy rating on the shares.
October 1, 2015
10:27 EDTPHParker-Hannifin Chairman Donald Washkewicz to retire, effective December 31
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September 28, 2015
17:07 EDTPHParker-Hannifin acquires President Engineering Group, terms not disclosed
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