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Parker-Hannifin CorporationNYSE: PH

Industrials · Industrial Machinery & Supplies & Components

$929.61

+7.50%

Vol: 59K

Research Digest

Monday, June 15, 2026

Positive

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.

Price 50d 200d

Previous Market Intelligence

13 days
Jun 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

CompanyPriceDay1MFwd P/EBetaMkt Cap
PHPARKER$929.61+7.50%+0.7%25.4x1.18$109.0B
ITWILLINOIS$261.80+4.75%+0.2%20.5x1.05$71.9B
GWWWW$1,317.46+6.31%-2.0%24.6x1.04$58.5B
DOVDOVER$222.33+7.01%-1.4%17.9x1.21$28.0B
IRINGERSOLL$77.46+10.22%+0.4%18.3x1.25$27.5B
OTISOTIS$72.24+0.85%+0.7%15.2x0.94$27.5B

Key Fundamentals

Market Cap$109.0B
P/E (TTM)31.9
Forward P/E25.4
Beta1.18
Div Yield93.00%
Prev Close$864.73

RSI (14-Day)

25Oversold
0305070100

52-Week Range

$637.21$929.61$1,034.96
From High-10.2%
From Low+45.9%

Moving Averages

50d SMA
$919.62+1.1%
200d SMA
$857.70+8.4%

Price above both MAs — bullish structure.

Historical Returns

1W
+5.6%
1M
-2.9%
3M
-7.2%
6M
+9.0%
1Y
+38.6%
YTD
+4.2%

Volume

Today59K
20d Avg641K
Ratio0.09x