Stock Monitor: Chase Post Earnings Reporting
LONDON, UK / ACCESSWIRE / July 12, 2018 / If you want access to our free research report on Parker-Hannifin Corp. (NYSE: PH), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PH as the Company's latest news hit the wire. On July 10, 2018, the Company announced that its Aerospace's Aircraft Wheel & Brake Division (Cleveland Wheels & Brakes) has signed a 10-year, long-term agreement (LTA) with Daher Aerospace, to supply main wheels, main brakes, nose wheel, master cylinders, and park brake valve on the TBM 900 series production aircraft. The financial details of the transaction remained undisclosed. Register today and get access to over 1,000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for Chase Corporation (NYSE AMER: CCF), which also belongs to the Industrial Goods sector as the Company Parker-Hannifin. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Parker-Hannifin most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
As part of the LTA, Parker-Hannifin will provide re-designed main wheels and brakes that will reduce the overall weight of the landing gear.
Parker-Hannifin's Innovative Engineering Efforts will Offer Daher Aerospace an Improved Version of Wheels and Brakes
Commenting on the agreement, Dan Basch, Division Engineering Manager at Parker-Hannifin, stated that Parker Aircraft Wheel & Brake is proud to solidify its long-standing relationship with Daher Aerospace in support of the TBM program. Basch added that the Company is thrilled that its innovative engineering efforts are able to offer Daher Aerospace an improved version of Parker-Hannifin’s wheels and brakes while providing the same safety, reliability, and braking performance TBM operators have enjoyed for the last few decades.
Parker Aerospace's Engineering and Development Resources Provide the Most Advanced Technology at an Affordable Cost
Nicolas Chabbert, Daher Airplane Business Unit's Senior Vice President and Chief Executive Officer (CEO) of Daher Aircraft Inc., mentioned that this long-term agreement is based on Parker Aircraft Wheel & Brake's solution that brings together the best in terms of weight reduction, reliability, and the manufacturer’s commitment to Daher Aerospace's TBM very fast turboprop aircraft family. Chabbert added that Parker Aerospace's engineering and development resources provide the most advanced technology at an affordable cost.
TBM 900 Series Production Aircraft
The TBM 900 airframe design employs several fail-safe structural design techniques, including the use of multiple load paths and a crack-stopper band to maximize subsystem reliability/durability and structural life. The TBM 900 uses more advanced composite materials such as carbon fiber for its new items (winglets, new cowlings, etc.) to maximize structural strength and durability while minimizing aircraft weight and both acquisition and life-cycle support costs.
About Parker-Hannifin Corp.
Founded in 1917 and headquartered in Cleveland, Ohio, Parker-Hannifin is a global leader in flight control actuation, hydraulic, fuel, inerting, fluid conveyance, pneumatic, and lubrication systems and components used on virtually every commercial and military aerospace platform in production today, from commercial transports, helicopters, and business and general aviation, to military fixed-wing planes and unmanned aerial vehicles.
About Parker Aerospace
Parker Aerospace is a global leader in the research, design, integration, manufacture, certification, and lifetime service of flight control, hydraulic, fuel and inerting, fluid conveyance, thermal management, lubrication, and pneumatic systems and components for aerospace and other high-technology markets. The Company supports the world's aircraft manufacturers, providing a century of experience and innovation for commercial and military aircraft.
About Daher Aerospace
Headquartered in Paray-Vieille-Poste, Ile-de-france, Daher Aerospace is an aircraft manufacturer and an industry and service equipment supplier. Daher Aerospace works in the aerospace, defence, nuclear, and automotive industrial sectors in the fields of manufacturing, services, and transport.
Stock Performance Snapshot
July 11, 2018 - At Wednesday’s closing bell, Parker-Hannifin's stock dropped 1.29%, ending the trading session at $157.96.
Volume traded for the day: 986.10 thousand shares.
After yesterday's close, Parker-Hannifin's market cap was at $21.00 billion.
Price to Earnings (P/E) ratio was at 17.50.
The stock has a dividend yield of 1.92%.
The stock is part of the Industrial Goods sector, categorized under the Industrial Equipment & Components industry.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia