Parker-Hannifin CorporationNYSE: PH
Industrials · Industrial Machinery & Supplies & Components
$882.03
-3.01%
Vol: 1.7M
Research Digest
Friday, May 1, 2026
Q3 FY26 EPS of $8.17 beats; record $12.5B backlog drives FY26 guidance raise.
Parker-Hannifin reported strong Q3 FY26 EPS of $8.17 vs $7.84 expected and revenue of $5.49 billion vs $5.4 billion forecast. Raised FY26 guidance to $31.20 adjusted EPS on 7% sales growth. Record backlog reached $12.5 billion driven by Diversified Industrial and Aerospace Systems segments. Aerospace showed 15.5% sales growth. Increased quarterly dividend 11% to $2.00 per share on April 23, 2026.
Previous Market Intelligence
13 daysApr 30Parker Hannifin raises FY26 guidance with record backlog of $12.5B, raises dividend 11% to $2.00Positive▶
Parker Hannifin beat Q3 earnings and raised full-year 2026 guidance to $31.20 adjusted EPS (vs. prior view) with 7% total sales growth and 5.5% organic growth. Record backlog hit $12.5B, supporting visibility into FY26 results. Company increased quarterly dividend 11% to $2.00/share for 70th consecutive year. Definitive agreement signed to acquire Filtration Group for $9.25B, expanding aftermarket and filtration capabilities. Q3 profit was $904M with strong margins and record sales. Positive guidance raise and dividend increase signal management confidence in 2026 execution.
Apr 29Parker-Hannifin raises dividend 11% to $2.00/share and reports FY2026 Q3 earnings April 30 with $7.81 EPS, $5.40B revenue expectedPositive▶
Parker-Hannifin raised quarterly dividend by 11% to $2.00/share effective June 5, 2026, signaling confidence in cash generation. Company reports FY2026 Q3 earnings April 30 (before bell) with analyst estimates of $7.81 EPS and $5.40B revenue. Q2 results showed record $5.17B sales (+9% YoY), record $7.65 adjusted EPS, and record $11.7B backlog. Citi upgraded price target to $1,137 from $1,092 on April 13 with Buy rating. Strategic Filtration Group acquisition pending regulatory approval strengthens filtration portfolio.
Apr 16Parker Hannifin to announce Q3 FY2026 earnings April 30; Citi raised price target to $1,137 from $1,092, Stifel to $1,000 from $965Positive▶
Parker Hannifin announced its fiscal 2026 third quarter earnings release on April 30, 2026 with a conference call at 11 a.m. ET. The company received analyst price target increases from Citi (+$45 to $1,137) and Stifel (+$35 to $1,000), reflecting positive sentiment. Parker reported Q1 2026 revenues of $5.1 billion, a 3.67% increase year-over-year. The company maintains one of the longest dividend increase streaks in the S&P 500 with 69 consecutive fiscal years of raises.
Apr 14Parker-Hannifin reports record Q2 fiscal 2026 sales of $5.17B; raises FY26 guidancePositive▶
Record Q2 sales $5.17B (+9% YoY) with record EPS $7.65. Raised FY26 guidance. 303rd consecutive quarterly dividend. Consensus Buy $991.45 PT.
Apr 13Parker-Hannifin strong analyst support with Goldman Sachs upgrade to $1,040 targetPositive▶
Goldman Sachs raised Parker-Hannifin price target to $1,040 from $1,032 with continued Buy rating. Stock closed at $982.99 (+1.75%). Average analyst rating remains Buy with 12-month target of $991.45 representing 11.42% upside. Strategic focus on electrification through Curtis Instruments acquisition positions company in zero-emission equipment markets.
Apr 10Parker Hannifin reported record fiscal Q2 results; plans Filtration Group acquisition.Positive▶
Parker Hannifin reported record fiscal Q2 2026 sales of $5.17B (+9% YoY) with record adjusted EPS of $7.65 (+17%). Plans to acquire Filtration Group Corporation. Declared quarterly dividend of $1.80/share (69th consecutive annual increase). Wells Fargo cut target from $1,050 to $980. Goldman Sachs raised target to $1,040 with Buy.
Apr 9Parker Hannifin Reports Record Q2 Earnings; Announces $9.25B Filtration Group AcquisitionNeutral▶
Parker Hannifin posted record fiscal 2026 Q2 sales of $5.17B (up 9% YoY), organic growth 6.6%, record adjusted EPS $7.65. Agreed to acquire Filtration Group for $9.25B cash with expected close in 6-12 months; projects $220M pre-tax synergies by year three. Backlog surged to record $11.7B. Dividend raised to $1.80 per share.
Apr 8Parker Hannifin record Q2 earnings beat and Filtration Group acquisition.Positive▶
Parker Hannifin reported record quarterly sales with EPS $7.65 vs $7.15 expected (+6.99% surprise). Announced acquisition of Filtration Group Corp. to be integrated over 6-12 months. Strong aerospace systems growth continues to drive upside.
Apr 7Parker Hannifin raises 2026 guidance on aerospace momentum; 55% stock gain since May 2025.Positive▶
Parker Hannifin raised 2026 guidance with sales growth 5.5-7.5% (organic ~5% midpoint) and segment operating margin 23.7-24.1% (adjusted 27.0-27.4%). EPS guidance increased to $26.26-26.86 (adjusted $30.40-31.00). Q2 fiscal 2026 Aerospace Systems sales jumped 14.5% with orders up 14%. Diversified Industrial International segment sales grew 11.8%. Definitive agreement to acquire Filtration Group Corporation expands aftermarket presence. Stock climbed 55% between May 30, 2025-Feb 24, 2026 on aerospace strength and record $11.7B backlog.
Apr 6Parker-Hannifin posts strong earnings beat; Filtration Group acquisition planned.Positive▶
Parker-Hannifin Q3 strong earnings with record sales and margin improvement, especially aerospace. Raised full-year guidance. Major catalyst: planned Filtration Group acquisition. Stifel Hold $965; consensus Buy with avg PT $992.81 (9.33% upside from $908.06).
Apr 3Parker Hannifin reports record Aerospace Systems revenue of $1.71 billion and record 30.2% operating margins.Positive▶
Parker Hannifin delivered strong Q2 results with record Aerospace Systems revenue of $1.71 billion (up 14.5% YoY) and 30.2% adjusted operating margins, supported by an $11.70 billion backlog. The company raised FY26 guidance following solid execution and faster-than-expected integration of Meggitt. Wells Fargo lowered price target to $980 from $1,050 while maintaining Overweight. Consensus is Buy with $991.45 price target.
Apr 1Parker Hannifin reported better-than-expected Q2 FY2026 results with 14.5% aerospace revenue growth YoY and raised FY26 guidance.Positive▶
Parker Hannifin delivered strong second-quarter fiscal 2026 results with aerospace revenue rising 14.5% YoY and demonstrated faster-than-expected integration progress at acquired businesses. The company raised full-year FY26 guidance. PH stock trades at $888.44. BMO Capital initiated coverage with Outperform rating and $1,090 price target. Analyst consensus rates PH as Buy with 12-month price target of $991.45.
Mar 31Parker-Hannifin reports better-than-expected Q2 FY26 earnings and raises full-year guidance on strong aerospace demand.Positive▶
Parker-Hannifin reported fiscal 2026 second quarter net income of $845 million with EPS of $6.60, with segment operating margin reaching 23.9%, up 180 basis points. The company increased its full-year guidance for reported sales growth to 5.5%-7.5%, with organic growth of ~5% at midpoint. Segment operating margin guidance was raised to 23.7%-24.1%, and EPS guidance to $26.26-$26.86. Director Kevin Lobo plans to step down from the board after his election to GE HealthCare board.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| PHPARKER | $882.03 | -3.01% | -0.3% | 26.7x | 1.25 | $114.8B |
| ITWILLINOIS | $255.35 | -1.03% | -0.2% | 21.3x | 1.15 | $74.4B |
| GWWWW | $1,149.37 | -1.03% | +4.0% | 23.9x | 1.09 | $55.0B |
| IRINGERSOLL | $77.72 | -2.68% | +1.5% | 20.7x | 1.33 | $31.3B |
| DOVDOVER | $225.78 | -0.28% | +9.1% | 19.5x | 1.25 | $30.5B |
| OTISOTIS | $77.20 | -0.87% | -0.3% | 16.5x | 1.04 | $29.9B |
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Price between 50d and 200d. Testing 50d support.