Parker-Hannifin Corporation
PHNYSEMaterials · Miscellaneous Fabricated Metal Products
Market cap
$108.78B
Employees
57,950
Exchange
NYSE
Headquarters
CLEVELAND, OH
About Parker-Hannifin Corporation
Parker Hannifin started out in 1917 as Parker Appliance, selling pneumatic brakes. Through the acquisition of branded components, the firm has expanded into aerospace engines, agricultural and construction machinery, freight and passenger vehicles, and industrial automation equipment. Within these larger systems, Parker sells a wide array of small, critical pieces such as hydraulic, electromechanical, climate control, and filtration components. Many of its products are designed to work together, resulting in a high rate of cross-selling.
PH news
Parker Hannifin has agreed to acquire CIRCOR's Commercial and Defense Aerospace Business, expanding its aerospace portfolio. The deal strengthens Parker's position in critical aerospace markets and diversifies its product offerings. Financial terms were not disclosed at the time of announcement.
Benzinga · May 21, 2026