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August 5, 2014
17:17 EDTPHParker-Hannifin awarded $238.05M government contract
Parker Hannifin has been awarded a maximum $238.05M firm-fixed-price contract in support of multiple aviation weapon systems. This is a sole-source contract. This is a five-year base contract with one five-year option period. Locations of performance are California, Florida, Georgia, Massachusetts, Michigan, New York, Ohio and South Carolina, with a July 31, 2019, performance completion date.
News For PH From The Last 14 Days
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October 9, 2015
09:59 EDTPHOn The Fly: Analyst Upgrade Summary
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06:28 EDTPHParker-Hannifin upgraded to Neutral from Underweight at JPMorgan
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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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