(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