Parker-Hannifin Corp., established in 1918 and headquartered in Cleveland, Ohio, specializes in motion and control technologies. The company is a global leader in providing advanced engineering solutions, focusing on fluid control, automation, and sealing systems across various industries.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Parker-Hannifin has a long history of bond issuance, having first entered the market in the mid-1980s. Notably, in 2020, the company issued $1 billion in bonds to support its acquisition of Meggitt plc, reflecting its strategic growth efforts. Currently, Parker-Hannifin's bonds yield around 3.5%, positioning them competitively within the industrial sector. Investors should note that certain bonds carry call provisions, allowing the company to redeem them before maturity, aligning with its dynamic financial strategy.