Parker-Hannifin Corporation
Cleveland, Ohio, United States · Aerospace, Manufacturing, Software
Parker-Hannifin is a global leader in motion and control technologies. Established for over a century, the company enables engineering breakthroughs contributing to a better tomorrow. It has a strong record of shareholder dividend increases, making it a standout in the S&P 500 index.
Key facts
- Headquarters
- Cleveland, Ohio, United States
- Employees
- 58,000
- Industries
- Aerospace, Manufacturing, Software
- Status
- Public (PH)
- Website
- parker.com
- Company page
Recent activity at Parker-Hannifin Corporation
- : SEC 8-K (8.01): On September 14, 2026, Parker-Hannifin Corporation completed its previously announced registered offering of $2.4 billion in senior notes and €2.025 billion in senior notes. The U.S. Notes Offering involved four tranches with maturities from 2028 to 2033, while the Euro Notes Offering included three tranches maturing between 2030 and 2036. The proceeds from these offerings will be used to repay borrowings from a term loan associated with the acquisition of Filtration Group Corporation. The notes will rank equally with the company's other senior unsecured debt and include customary events of default as well as obligations for changes of control.
- : SEC 8-K (8.01): On September 8, 2026, Parker-Hannifin Corporation entered into an underwriting agreement with Barclays Capital Inc., Citigroup Global Markets Inc., and Morgan Stanley & Co. LLC for a U.S. Dollar-Denominated Note Offering. The Company is set to issue $2.4 billion in senior notes, with various amounts due in 2028, 2029, 2031, and 2033, bearing interest rates ranging from 4.750% to 5.300%. The offering will close on or about September 14, 2026, contingent on customary closing conditions. Additionally, a Euro-Denominated Note Offering was arranged on September 9, 2026, indicating significant financial activities for the Company within a short timeframe.
- : Parker-Hannifin to acquire CIRCOR Aerospace unit
- : SEC 8-K (8.01):
- : SEC 8-K (2.01): On August 13, 2026, Parker-Hannifin Corporation completed the acquisition of Filtration Group Corporation through a merger transaction valued at $9.25 billion on a cash-free, debt-free basis. The Merger was executed under an Agreement and Plan of Merger originally disclosed on November 10, 2025. To finance the transaction, Parker utilized a combination of a 364-Day Credit Facility and a Three-Year Credit Facility, borrowing $5.25 billion and $2.50 billion respectively. This acquisition is a strategic expansion for Parker, reinforcing its position in the filtration industry and aligning with its growth objectives.
- : Parker Hannifin to acquire CIRCOR Aerospace for $2.55B
- : SEC 8-K (5.02):
- : Parker-Hannifin Secures $7.75 Billion in New Credit Facilities
- : SEC 8-K (1.01): On December 10, 2025, Parker-Hannifin Corporation entered into a Material Definitive Agreement consisting of two loan agreements: a 364-Day Term Loan Agreement and a Three-Year Term Loan Agreement. The 364-Day Credit Agreement provides for a delayed draw term loan facility totaling $5.25 billion, while the Three-Year Credit Agreement totals $2.50 billion. The funds from these agreements are intended to finance a portion of the proposed acquisition of Filtration Group Corporation. Important terms include mandatory prepayment clauses related to asset sales and net cash proceeds from certain issuances, with the 364-Day facility maturing 364 days after funding, and the Three-Year facility maturing three years after initial funding. This move is strategically aimed at bolstering the company’s financial capabilities for the acquisition, adhering to standard covenants and representations typically observed in such credit facilities.
- : SEC 8-K (1.01): On December 10, 2025, Parker-Hannifin Corporation entered into two significant credit agreements: a 364-Day Term Loan Agreement providing a delayed draw term loan facility with an aggregate principal amount of $5.25 billion, and a Three-Year Term Loan Agreement with an aggregate principal amount of $2.50 billion. The 364-Day Credit Agreement is facilitated by Barclays Bank PLC as the administrative agent, while the Three-Year Credit Agreement involves KeyBank National Association. These agreements are expected to enhance Parker-Hannifin's financial flexibility and enable the company to undertake strategic initiatives and investments. Both credit facilities will allow the company to access funds as needed over their respective terms.
Parker-Hannifin Corporation funding history
| Date | Round | Amount |
|---|---|---|
| Dec 2025 | Debt Financing | $7.8B |
Leadership
- Marcelo Madarasz, Human Resources Director
- Christine Ishak, HR Business Partner
Verified email and direct lines for Parker-Hannifin Corporation’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Employee benefit plans
Parker-Hannifin Corporation files 23 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
Parker-Hannifin Corporation in the news
- Parker Hannifin Q1 2027 Earnings Call Transcript - Benzinga (Nov 05, 2026)
- Parker Scheduled to Present at Robert W. Baird Global - GlobeNewswire (Nov 06, 2026)
- Citi Opens 90-Day Upside Catalyst Watch on Parker-Hannifin (PH) Ahead of Q4 Results - Yahoo Finance (Jun 08, 2026)
- Parker Delivers Record Fiscal 2027 First Quarter Results, Raises Full Year Outlook - GlobeNewswire (Nov 05, 2026)
- A Look At Parker-Hannifin (PH) Valuation As Long-Term Returns Clash With Mixed Cash Flow Signals - Yahoo Finance (May 25, 2026)
- Parker Hannifin to buy Filtration Group for $9.25 billion to expand aftermarket business - Reuters (Nov 11, 2025)
- Parker-Hannifin’s AI Strategy: Analysis of Dominance in Motion and Control Intelligence - Klover.ai (Jul 28, 2025)
- Parker Declares Quarterly Cash Dividend - GlobeNewswire (Oct 28, 2026)
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About Parker-Hannifin Corporation: questions and answers
What does Parker-Hannifin Corporation do?
Parker-Hannifin is a global leader in motion and control technologies. Established for over a century, the company enables engineering breakthroughs contributing to a better tomorrow. It has a strong record of shareholder dividend increases, making it a standout in the S&P 500 index.
Where is Parker-Hannifin Corporation headquartered?
Parker-Hannifin Corporation is headquartered in Cleveland, Ohio, United States.
How many employees does Parker-Hannifin Corporation have?
Parker-Hannifin Corporation has about 58,000 employees.
Has Parker-Hannifin Corporation raised funding?
Yes. Fundz has recorded 1 funding event for Parker-Hannifin Corporation. The most recent, Debt Financing of $7.8B, was in Dec 2025.
What is the latest news on Parker-Hannifin Corporation?
On Sep 14, 2026, SEC 8-K (8.01): On September 14, 2026, Parker-Hannifin Corporation completed its previously announced registered offering of $2.4 billion in senior notes and €2.025 billion in senior notes. The U.S. Notes Offering involved four tranches with maturities from 2028 to 2033, while the Euro Notes Offerin
Is Parker-Hannifin Corporation a public company?
Yes. Parker-Hannifin Corporation is publicly traded under the ticker PH.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy