Parker-Hannifin (NYSE:PH) Issues FY 2026 Earnings Guidance

Parker-Hannifin (NYSE:PH) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 29.600-30.400 for the period, compared to the consensus EPS estimate of 29.110. The company issued revenue guidance of $20.6 billion-$21.2 billion, compared to the consensus revenue estimate of $20.7 billion. Parker-Hannifin also updated its FY 2026 guidance to 29.600-30.400 EPS.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PH. Cowen reaffirmed a “hold” rating on shares of Parker-Hannifin in a report on Friday, August 29th. Citigroup boosted their price target on shares of Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Wells Fargo & Company increased their price objective on shares of Parker-Hannifin from $840.00 to $925.00 and gave the company an “overweight” rating in a report on Friday. Truist Financial reiterated a “buy” rating and set a $977.00 price objective (up previously from $910.00) on shares of Parker-Hannifin in a research note on Friday. Finally, Wall Street Zen upgraded Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $822.76.

Parker-Hannifin Stock Up 1.2%

PH stock traded up $9.74 during mid-day trading on Friday, hitting $843.89. The stock had a trading volume of 975,444 shares, compared to its average volume of 707,783. The company has a fifty day moving average of $758.48 and a 200 day moving average of $712.46. Parker-Hannifin has a 1-year low of $488.45 and a 1-year high of $851.86. The company has a current ratio of 1.19, a quick ratio of 0.71 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $106.79 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 3.21 and a beta of 1.37.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.94 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.20 EPS. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. On average, equities analysts expect that Parker-Hannifin will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 7th will be issued a dividend of $1.80 per share. The ex-dividend date is Friday, November 7th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.9%. Parker-Hannifin’s payout ratio is 26.55%.

Insider Activity

In related news, EVP Joseph R. Leonti sold 4,625 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $750.84, for a total transaction of $3,472,635.00. Following the transaction, the executive vice president owned 13,878 shares of the company’s stock, valued at approximately $10,420,157.52. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Parker-Hannifin

Several hedge funds have recently made changes to their positions in PH. State of Wyoming bought a new position in shares of Parker-Hannifin during the second quarter valued at $38,000. Geneos Wealth Management Inc. increased its holdings in shares of Parker-Hannifin by 3.6% during the second quarter. Geneos Wealth Management Inc. now owns 2,273 shares of the industrial products company’s stock worth $1,588,000 after buying an additional 79 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Parker-Hannifin in the second quarter valued at approximately $265,000. Brooks Moore & Associates Inc. bought a new position in shares of Parker-Hannifin in the second quarter valued at approximately $220,000. Finally, Keel Point LLC boosted its holdings in shares of Parker-Hannifin by 47.9% in the 2nd quarter. Keel Point LLC now owns 1,694 shares of the industrial products company’s stock worth $1,183,000 after acquiring an additional 549 shares in the last quarter. Institutional investors own 82.44% of the company’s stock.

About Parker-Hannifin

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.