Parker Hannifin Corp (NYSE:PH)

Parker-Hannifin Corp. manufactures motion and control technologies and systems, including fluid power systems, electromechanical controls and related components. The company operates through three business segments: Industrial, Aerospace, and Climate & Industrial Controls. The Industrial segment involves several business units, which manufacture motion-control and fluid power system components for builders and users of various types of manufacturing, packaging, processing, transportation, agricultural, construction, and military vehicles and equipment. The Aerospace segment produces hydraulic, fuel, pneumatic and electro-mechanical systems and components, which are utilized on virtually every domestic commercial, military and general aviation aircraft and also performs a role in naval vessels and land-based weapons systems. The Climate & Industrial Controls segment manufactures motion-control systems and components for use primarily in the refrigeration and air conditioning, and transportation industries. The company was founded by Arthur L. Parker in 1918 and is headquartered in Cleveland, OH.