Parker-Hannifin CorporationNYSE: PH
Industrials · Industrial Machinery & Supplies & Components
$929.61
+7.50%
Vol: 59K
Research Digest
Monday, June 15, 2026
Parker-Hannifin shares hovered near $903 on June 15 as Bernstein initiated coverage at Outperform ($1,026 PT) and Citi opened a 90-day upside catalyst watch with a Buy and $1,141 target.
Parker-Hannifin drew fresh bullish analyst attention: Bernstein analyst Varun Govindaraj initiated coverage with an Outperform rating and a $1,026 price target, citing operational excellence and a shift toward higher-margin aerospace and defense markets, while Citi opened a "90-day upside catalyst watch" with a Buy rating and a $1,141 target. The stock traded between $896.02 and $913.52 on June 15, around $903.48, for a ~$114B market cap. Parker continues to expand via M&A, agreeing to acquire Filtration Group Corporation (life sciences, HVAC, industrial) and CIRCOR's Commercial and Defense Aerospace business. Recent fiscal Q2 showed record sales of $5.2B (+9%) and a record $11.7B backlog, though adjusted operating income came in below some estimates. The bear case: insiders have been selling, the P/E of ~30.6x sits above peers, and mixed earnings signals leave the premium valuation vulnerable if industrial demand cools.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 20JPMorgan trimmed Parker-Hannifin's price target to $1,060 from $1,100 on May 7, keeping Overweight after the company posted record Q3 sales and raised 2026 guidance tied to AI data center cooling demand.Mixed▶
Parker-Hannifin reported record fiscal Q3 2026 sales of $5.49B (+10.6% YoY) with GAAP EPS of $7.06 ahead of consensus, alongside a record $12.50B backlog and raised organic sales growth and adjusted EPS guidance for 2026. The company is positioning as a key supplier to AI-focused data centers via liquid cooling components including couplings, fluid-control valves, and refrigerant-loop hardware. On May 7, 2026, JPMorgan analyst Stephen Tusa lowered the price target to $1,060 from $1,100, keeping an Overweight rating. The stock traded between $839.15 and $860.36 on May 19, 2026, closing near $852.91. Shares are down 2.2% over the past week and 10.8% over the past month despite a 31.9% one-year return. Average analyst price target is $1,033.75 (~21% upside).
May 19S&P upgrades Parker-Hannifin outlook to positive on strong operating performance as Raymond James trims price target on valuationMixed▶
S&P Global Ratings revised its outlook on Parker-Hannifin to positive from stable while affirming its BBB+ issuer credit rating, citing strong fiscal 2026 operating performance and adjusted leverage that declined to 1.6x. The agency flagged a potential upgrade if the company successfully integrates the pending $9.25 billion acquisition of Filtration Group Corp., expected to close in fiscal 2027, while keeping leverage below 3x. Raymond James lowered its price target to $1,050 from $1,100 on valuation concerns but maintained Outperform; JPMorgan's Stephen Tusa cut his target to $1,060 from $1,100 while keeping Overweight. The stock is down 2.2% over the past week and 10.8% over the past month, with insider selling adding caution despite record Q3 results showing 11% sales growth, 18% EPS gain, and a $12.50B backlog. Bear case: stretched multiple and integration risk on the Filtration Group deal.
May 18Parker-Hannifin reports record Q3 2026 sales with $12.5B backlog and raises FY adjusted EPS midpoint by $0.50 to $31.20, though JPMorgan cut target to $1,060Positive▶
Parker Hannifin released fiscal Q3 2026 results with record quarterly sales of $5.49 billion (up 10.6% YoY), record backlog of $12.50 billion, and GAAP EPS of $7.06 (beating consensus by $0.25). Management raised organic sales growth guidance to 5.5% and lifted adjusted EPS midpoint by $0.50 to $31.20, driven by accelerating demand for liquid cooling components (couplings, fluid-control valves, refrigerant-loop hardware) used in AI data centers. On May 7, 2026, JPMorgan analyst Stephen Tusa lowered his price target from $1,100 to $1,060 while maintaining an Overweight rating. The stock traded around $862.72 on May 16. Bear case: insider selling raises caution; valuation has already absorbed much of the AI data-center tailwind, and the broader industrial cycle could weigh on aerospace and motion-control demand.
May 15Evercore ISI cut Parker-Hannifin's price target to $1,064 from $1,168 on May 11 as shares slid 11% in six sessions despite raised FY26 guidance.Negative▶
Parker-Hannifin shares fell roughly 11% over six sessions in early May, erasing about $13B in market value despite a Q3 beat (revenue $5.49B, GAAP EPS $7.06) and raised FY26 guidance (organic growth to 5.5%, adjusted EPS midpoint up $0.50 to $31.20). Evercore ISI cut its price target to $1,064 from $1,168 on May 11, while Truist had earlier raised its target to $1,147 from $1,139 on May 1. Insiders reportedly offloaded about US$18M of stock over the past year, possibly signaling caution. CEO/CFO leadership reaffirmed strong aerospace and industrial demand, including liquid cooling for AI data centers, but valuation concerns and insider selling are weighing on sentiment.
May 14Parker-Hannifin slides 11% after raised guidance fails to impress, Evercore cuts target to $1,064Mixed▶
Parker-Hannifin shares dropped about 11% over a six-day stretch following its Q3 fiscal 2026 earnings, wiping roughly $13 billion in market value despite a beat-and-raise quarter. Revenue grew 10.6% year over year to $5.49 billion and GAAP EPS of $7.06 topped consensus by $0.25. Management raised organic sales growth guidance to 5.5% and lifted adjusted EPS midpoint guidance by $0.50 to $31.20, alongside continued execution on a roughly $6.43 billion buyback. On May 11, Evercore ISI lowered its price target to $1,064 from $1,168. President and COO Andrew Ross sold approximately $3.2 million of shares around May 13. The bear case centers on stretched valuation, insider selling, and a DCF model suggesting shares may be overvalued by 26%.
May 13Parker-Hannifin shares trade at $875 after 11% dividend hike but management trims annual guidance on softer industrial markets.Mixed▶
Parker-Hannifin shares traded at $875.49 on May 12 following a strong fiscal Q3 2026 (revenue +11% to $5.49B, EPS $8.17 beating by $0.33) and an 11% quarterly dividend increase to $2.00. However, management reduced annual guidance due to softer market conditions, particularly in automotive end-markets, sending shares down ~11% over the past month. Aerospace and transportation segments led with strong order growth and record backlogs. Analyst consensus is Buy with an average PT of $996.81 (~10% upside). Risk: industrial cyclicality and weaker auto demand could pressure the Diversified Industrial segment if macro slowdown deepens.
May 12Parker-Hannifin raises dividend 11% to $2.00/share, marking 71st straight year of dividend growthMixed▶
Parker-Hannifin boosted its quarterly dividend payout 11.11% from $1.80 to $2.00 per share, extending its dividend growth streak to 71 consecutive years. The hike comes after fiscal Q3 2026 results showed revenue of $5.5B (+11% YoY), though management trimmed annual guidance citing softer end-market conditions, particularly automotive. The mixed signal of strong revenue growth alongside reduced full-year outlook reflects pockets of demand weakness within the diversified industrial portfolio. The dividend action signals continued capital-return confidence despite cyclical headwinds. Investor focus turns to Q2 fiscal 2026 results and the Bank of America presentation later this month.
May 11Parker-Hannifin upgraded to Buy May 5 with raised price target after Q1 revenue beat and 11% dividend hike to $1.25/share.Positive▶
On May 5, 2026, a leading investment bank upgraded Parker-Hannifin from Hold to Buy and raised its price target by 15%, citing strong order backlog, improving margins, and high-growth market focus. Shares traded up 3.2% to $425.30 on the upgrade. Most recent quarterly results showed revenue of $4.8B (+8% YoY) and adjusted EPS of $4.10, beating estimates. The company also announced an 11% dividend increase to $1.25/share, marking its 304th consecutive quarterly payout, payable June 15 to holders of record May 31. Stock continues trading near 52-week highs as of May 8. Risk: prior guidance was lowered for some segments due to anticipated softness, which could weigh on second-half momentum.
May 8Parker-Hannifin Q1 guidance cut despite revenue beat; stock fell 11% on softness in automotive, weather headwinds.Negative▶
Parker-Hannifin reported Q1 2026 revenue of $4.97 billion beating estimates, but management cut full-year guidance citing softness in industrial end markets and weather disruptions. Adjusted EPS beat at $2.63 vs $2.53 consensus. CEO Jennifer Parmentier highlighted weak automotive demand offset by strength in aerospace/defense. JPMorgan lowered price target to $1,060 from $1,100 (Overweight). The stock declined 11% in the past week following the earnings call. Q3 results (reported May 1) showed record sales of $5.49B (+10.6% YoY) and record backlog, but Q1 guidance cut now weighs on sentiment.
May 6Parker-Hannifin reports record Q3 FY26; raises FY26 guidance and announces 11% dividend increase.Positive▶
Parker-Hannifin announced record Q3 FY26 results with 11% sales growth and 18% EPS increase, raising FY26 guidance for sales, margins, and EPS on resilient demand. Increased quarterly cash dividend 11% to $2.00 per share (ex-date May 8). Acquisition of Filtration Group adds complementary technologies, creating $5B global filtration business with $220M cost synergy targets. Stock surged 76.3% over 52 weeks vs. S&P 500 34.9%. FY26 projected EPS of $30.99 (up 13.4% from FY25). Analyst consensus Buy with $996.81 PT (13% upside). Company positioned well in aerospace/transportation growth segments with strong execution.
May 5Parker Hannifin raises dividend 11% and posts record Q3 sales with strong guidance increasePositive▶
Parker reported record Q3 sales of $5.49B (up 10.6% YoY) with record backlog of $12.5B. Quarterly dividend raised 11% to $2.00 per share, payable June 5. FY2026 guidance updated: 7% sales growth, 5.5% organic growth, 23.9% segment margins, EPS $27.10 ($31.20 adjusted). Strong aerospace and transportation segments with record backlogs. Stifel Nicolaus maintains Hold rating. 21 analysts average Buy rating with price target $996.81 (13% upside). Mizuho and Truist raised targets on May 1. Filtration Group acquisition adds $5B global filtration business with $220M cost synergies.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| PHPARKER | $929.61 | +7.50% | +0.7% | 25.4x | 1.18 | $109.0B |
| ITWILLINOIS | $261.80 | +4.75% | +0.2% | 20.5x | 1.05 | $71.9B |
| GWWWW | $1,317.46 | +6.31% | -2.0% | 24.6x | 1.04 | $58.5B |
| DOVDOVER | $222.33 | +7.01% | -1.4% | 17.9x | 1.21 | $28.0B |
| IRINGERSOLL | $77.46 | +10.22% | +0.4% | 18.3x | 1.25 | $27.5B |
| OTISOTIS | $72.24 | +0.85% | +0.7% | 15.2x | 0.94 | $27.5B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.