Parker-Hannifin (NYSE:PH – Get Free Report) announced its earnings results on Thursday. The industrial products company reported $8.17 earnings per share for the quarter, topping analysts’ consensus estimates of $7.84 by $0.33, FiscalAI reports. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the previous year, the firm posted $6.94 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. Parker-Hannifin updated its FY 2026 guidance to 31.200-31.200 EPS.
Here are the key takeaways from Parker-Hannifin’s conference call:
- Parker delivered a record Q3 with $5.5 billion in sales, 6.5% organic growth, 26.7% adjusted segment operating margin, adjusted EPS of $8.17 (up 18%), and adjusted net income above $1 billion.
- Management raised FY‑2026 guidance — organic growth midpoint to 5.5%, aerospace organic to 12%, full‑year adjusted EPS to $31.20, adjusted segment operating margin to 27.2%, and free cash flow to $3.3–$3.6 billion.
- Orders remained strong at +9% with a record company backlog of $12.5 billion (aerospace backlog $8.4 billion), while industrial orders have been positive for six consecutive quarters, supporting sustained demand.
- The Filtration Group acquisition is progressing with integration planning underway and a targeted $220 million of synergies by year 3, but closing is subject to regulatory approvals and will modestly increase leverage until de‑levering occurs.
- Cash generation and capital returns remain robust — YTD operating cash flow of $2.6 billion, YTD free cash flow of $2.3 billion, an 11% dividend increase to $2.00 per quarter, and $825 million of share repurchases YTD.
Parker-Hannifin Trading Down 3.0%
Shares of PH traded down $27.69 on Friday, reaching $881.74. 1,607,870 shares of the company’s stock were exchanged, compared to its average volume of 583,940. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $111.29 billion, a P/E ratio of 32.16, a price-to-earnings-growth ratio of 2.92 and a beta of 1.18. The business has a 50 day moving average price of $948.12 and a two-hundred day moving average price of $900.79. Parker-Hannifin has a 12 month low of $608.31 and a 12 month high of $1,034.96.
Parker-Hannifin Increases Dividend
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a research note on Friday. Wells Fargo & Company dropped their target price on shares of Parker-Hannifin from $1,050.00 to $980.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Wall Street Zen upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. Barclays boosted their target price on Parker-Hannifin from $990.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. boosted their target price on Parker-Hannifin from $1,083.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Seventeen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Parker-Hannifin presently has an average rating of “Moderate Buy” and an average target price of $1,012.45.
Insider Buying and Selling at Parker-Hannifin
In related news, COO Andrew D. Ross sold 4,664 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $999.00, for a total transaction of $4,659,336.00. Following the completion of the sale, the chief operating officer directly owned 13,120 shares of the company’s stock, valued at $13,106,880. The trade was a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Dinu J. Parel sold 1,316 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $950.05, for a total value of $1,250,265.80. Following the completion of the sale, the vice president owned 6,534 shares of the company’s stock, valued at $6,207,626.70. This represents a 16.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 10,063 shares of company stock valued at $9,891,214 over the last 90 days. Company insiders own 0.32% of the company’s stock.
Institutional Investors Weigh In On Parker-Hannifin
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in Parker-Hannifin by 0.6% in the fourth quarter. Bank of America Corp DE now owns 3,926,896 shares of the industrial products company’s stock valued at $3,451,584,000 after purchasing an additional 22,305 shares during the last quarter. Morgan Stanley increased its stake in Parker-Hannifin by 1.1% in the fourth quarter. Morgan Stanley now owns 2,133,044 shares of the industrial products company’s stock valued at $1,874,862,000 after purchasing an additional 22,367 shares in the last quarter. Schroder Investment Management Group increased its stake in Parker-Hannifin by 2.8% in the fourth quarter. Schroder Investment Management Group now owns 883,185 shares of the industrial products company’s stock valued at $776,284,000 after purchasing an additional 24,430 shares in the last quarter. Wells Fargo & Company MN increased its stake in Parker-Hannifin by 1.5% in the fourth quarter. Wells Fargo & Company MN now owns 880,256 shares of the industrial products company’s stock valued at $773,710,000 after purchasing an additional 12,775 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its stake in Parker-Hannifin by 0.9% in the fourth quarter. Kestra Advisory Services LLC now owns 619,041 shares of the industrial products company’s stock valued at $544,113,000 after purchasing an additional 5,412 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.
Key Parker-Hannifin News
Here are the key news stories impacting Parker-Hannifin this week:
- Positive Sentiment: Q3 beat and raised outlook — Adjusted EPS of $8.17 (+18% YoY) and record quarterly revenue (~$5.5B). Management lifted FY‑2026 adjusted EPS guidance to $31.20, signaling continued demand and execution. Parker Reports Fiscal 2026 Third Quarter Results
- Positive Sentiment: Record backlog and aerospace strength — Backlog hit $12.5B and aerospace organic growth/expanding margins were highlighted as the primary tailwinds supporting near‑term revenue visibility. Parker Hannifin Backlog Hits Record $12.5 Billion, Lifts Outlook
- Positive Sentiment: Cash generation & buybacks/dividend — Year‑to‑date operating cash flow remains strong (record), the company repurchased ~$275M in the quarter and raised its dividend (70th consecutive hike), supporting shareholder returns. Parker Reports Fiscal 2026 Third Quarter Results
- Neutral Sentiment: Analyst coverage remains constructive — Multiple buy/overweight ratings and a median price target around $1,038 suggest upside among sell‑side analysts, which can limit downside but also set high expectations. Parker-Hannifin Stock (PH) Opinions on Q3 Earnings Beat
- Neutral Sentiment: Institutional flows mixed — Large asset managers trimmed positions while other funds added; this rebalancing increases intra‑day volume and can amplify moves without signaling a clear directional consensus. Parker-Hannifin Stock (PH) Opinions on Q3 Earnings Beat
- Negative Sentiment: Sell‑the‑news reaction — Despite beats, shares fell after the print as investors digested that the raise wasn’t a major upside surprise and that GAAP net income/EPS fell vs. prior year (prior quarter included a discrete tax benefit). Parker-Hannifin shares slide as investors digest Q3 results and a raised—but not blowout—full-year outlook
- Negative Sentiment: Heavy insider selling — Public filings show no insider purchases and numerous sales by senior executives in recent months; that can spook momentum traders even if sales may be for diversification or tax planning. Parker-Hannifin Stock (PH) Opinions on Q3 Earnings Beat
- Negative Sentiment: Guidance details mixed — Adjusted EPS guidance slightly above consensus but revenue guidance (~$21.2B) was roughly in line or slightly below some street models; not a clear upward re‑rating catalyst. Parker-Hannifin Tops Q3 Earnings & Sales Estimates, Updates 26′ View
Parker-Hannifin Company Profile
Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.
Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.
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