CLEVELAND, April 2, 2008 /PRNewswire-FirstCall/ -- Parker Hannifin
Corporation (NYSE: PH), the global leader in motion and control
technologies, was honored with IR Magazine's "Most Progress in Investor
Relations" award at its annual recognition dinner for publicly held
companies last week in New York City. The black tie awards dinner was
sponsored in association with Barron's and the Wall Street Journal to
recognize outstanding communications between companies and their
shareholders based on independent research conducted among more than 2,600
buy-side analysts, sell-side analysts, and portfolio managers in the U.S.
The survey is intended to provide comprehensive insight into current
investor sentiment towards investor relations issues in the U.S. market.
The research serves as a benchmark of best practices in investor relations,
singling out individuals and companies that have distinguished themselves
through their investor relations performance in 2007.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990816/PHLOGO )
Pamela Huggins, Vice President & Treasurer of Parker, accepted the
award on behalf of the company. Huggins noted that a collaborative effort
by many people within Parker made the recognition possible.
"In keeping with Parker's continuous improvement efforts, we
deliberately set out to develop a more strategic approach to investor
relations. This began by talking with investors to make sure we understood
not only what they expected, but what they really needed to make informed
decisions about Parker as an investment," said Huggins. "Our planned effort
to reach out to key shareholders and potential investors with events,
presentations, news releases, and most of all positive, understandable
performance is working. We're very proud to see our plan validated by this
award."
With annual sales exceeding $10 billion, Parker Hannifin is the world's
leading diversified manufacturer of motion and control technologies and
systems, providing precision-engineered solutions for a wide variety of
commercial, mobile, industrial and aerospace markets. The company employs
more than 57,000 people in 43 countries around the world. Parker has
increased its annual dividends paid to shareholders for 51 consecutive
years, among the top five longest-running dividend-increase records in the
S&P 500 index. For more information, visit the company's web site at
http://www.parker.com, or its investor information site at
http://www.phstock.com.
SOURCE Parker Hannifin Corporation
 back to top
Related links:
http://www.phstock.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/19990816/PHLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Media, Christopher M. Farage, Vice President,
Corp. Communications, +1-216-896-2750, cfarage@parker.com, or
Financial Analysts, Pamela Huggins, Vice President & Treasurer,
+1-216-896-2240, phuggins@parker.com, both of Parker Hannifin
Corporation
|
