|Bid||278.88 x 900|
|Ask||298.26 x 1100|
|Day's range||296.46 - 301.64|
|52-week range||200.03 - 324.68|
|Beta (5Y monthly)||1.76|
|PE ratio (TTM)||22.32|
|Earnings date||04 Nov 2021|
|Forward dividend & yield||4.12 (1.44%)|
|Ex-dividend date||26 Aug 2021|
|1y target est||347.88|
Parker-Hannifin (PH) affirms that the terms of its recommended acquisition of Meggitt have been approved by the latter's shareholders. The deal will be closed in the third quarter of calendar 2022.
Parker-Hannifin (PH) is poised to benefit from strength across end markets, acquisitions, and shareholder-friendly policies. High costs and debt levels weigh on the company.
US firm nears takeover of UK aerospace supplier Meggitt after rival pulls outParker-Hannifin edging closer to deal after withdrawal of £7.1bn offer by Ohio-based TransDigm Foreign takeovers of UK firms hit highest level since 2018 Meggit makes parts for civilian and defence aircraft, including the RAF F-35 Lightning jet, seen here preparing to take off from the HMS Queen Elizabeth. Photograph: LPhot Belinda Alker/MoD Crown Copyright/PA