Dallas, Texas 11/04/2013 (Financialstrend) – In Friday’s trading, Parker-Hannifin Corporation (NYSE:PH) dropped by 0.63%. The opening price of the shares was $116.51, which climbed to an intraday high of $117.53 and dipped to a close of $115.99. Approximately 1.10 million shares were traded on Friday while an average volume of 1.12 million shares were traded over a 30 day period. The 52-week low of Parker-Hannifin Corporation (NYSE:PH) shares is $77.34 and its 52-week high is $117.94. The company has a market capitalization of $17.32 billion.
About the company
Parker-Hannifin Corporation (NYSE:PH) was incorporated on 30 December 1938. It is a manufacturer of motion & control technologies & systems, including electromechanical controls, fluid power systems and other related components. In addition to these motion & control products, Parker-Hannifin Corporation (NYSE:PH) is also a global producer of fluid-purification, fluid & fuel control, process-instrumentation, refrigeration, air conditioning, electromagnetic-shielding & thermal-management products and other systems. Its manufacturing, distribution, service and administrative-facilities are situated in 38 different states & in 47 other countries. Its technologies & systems are used across numerous industries in various applications.
Business Segments
Parker-Hannifin Corporation (NYSE:PH)’ technologies & systems are used in products of its 3 principal business segments: 1- Industrial; 2- Aerospace; and 3- Climate & Industrial Controls. It sells all these products as original & replacement equipment via product & distribution-centers worldwide. In 2011 July Parker-Hannifin Corporation (NYSE:PH) acquired SSD Korea Co. In 2012 July, it acquired Olaer Group. In 2012 July , it acquired the filtration-business of John Fowler Private Limited. In 2012 July Parker-Hannifin Corporation (NYSE:PH) acquired the hydraulics-manufacturing division of PIX Transmissions. In 2012 July, it acquired Kittiwake-Developments Limited. In 2012 November, The Sterling Group sold-off Velcon Filters to the Company.
Industrial Segment
The products that are produced by Parker-Hannifin Corporation (NYSE:PH)’s Industrial Segment are made up of a variety of technologies & systems.
