/Parker-Hannifin%20Canada%20in%20Milton%2C%20Ontario%2C%20Canada%3B%20Parker-Hannifin%20Corporation%20is%20an%20American%20corporation%20specializing%20in%20motion%20and%20control%20By%20JHVEPhoto.jpeg)
Cleveland, Ohio-based Parker-Hannifin Corporation (PH) manufactures and sells motion and control technologies and systems for aerospace and defense, in-plant and industrial equipment, transportation, off-highway, energy, and HVAC and refrigeration markets in North America and internationally. The company has a market cap of $126.1 billion and operates through two segments: Diversified Industrial and Aerospace Systems.
Shares of Parker-Hannifin have rallied the broader market over the past year, surging 36.8% compared to the S&P 500 Index’s ($SPX) 19.5% surge. Moreover, in 2026, the stock has risen by nearly 14.1%, outperforming the SPX’s 11.6% rise.
Focusing on its industry benchmark, the State Street Industrials Select Sector SPDR ETF (XLI) has risen 18.9% over the past year, underperforming the stock. In 2026, XLI has grown 15.9% and has also lagged behind the stock.
On Aug. 6, PH stock rose 7.3% following the release of its better-than-expected Q4 2026 earnings. The company’s revenue for the quarter rose 9.8% from the prior year’s quarter to $5.8 billion and surpassed the Street’s forecasts. Moreover, its adjusted EPS came in at $8.54, also topping Wall Street’s estimates. Additionally, the company’s operating margin also came in at 28%, rising from 21.3% in the year-ago quarter, indicating higher profitability. Parker-Hannifin expects full-year earnings in the range of $34.25 to $35.25 per share.
For the current year, which ends in June 2027, analysts expect PH’s EPS to rise 8.1% to $34.93 on a diluted basis. It surpassed the consensus estimate in each of the last four quarters, which is impressive.
PH has a consensus “Strong Buy” rating overall. Of the 25 analysts covering the stock, opinions include 18 “Strong Buys,” one “Moderate Buy,” and six “Holds.”
The configuration has remained more or less unchanged over the past months.
On Aug. 8, UBS analyst Amit Mehrotra maintained a "Buy" rating on Parker Hannifin and raised its price target from $1092 to $1250.
PH’s mean price target of $1,175.38 indicates a premium of 17.5% from the current market price. The Street-high target of $1358 suggests a robust 35.8% upside potential.
On the date of publication, Aritra Gangopadhyay did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
/A%20close-up%20of%20an%20AMD%20office%20by%20gehapromo%20via%20Adobe%20Stock.jpeg)
/Applied%20Materials%20Inc_%20campus%20sign-by%20Sundry%20Photography%20via%20iStock.jpg)
