Parker-Hannifin (NYSE:PH) Issues Earnings Results, Beats Expectations By $0.61 EPS

Key Points

• Parker-Hannifin reported a quarterly earnings per share (EPS) of $7.69, beating expectations by $0.61 and also surpassing revenue estimates with $5.24 billion.
• The company updated its fiscal year 2026 guidance to an EPS range of $28.400-29.400.
• Shares of Parker-Hannifin saw a slight increase of 0.3% during trading, with analysts raising price targets for the stock, now averaging $756.06 with a consensus rating of "Moderate Buy."

Parker-Hannifin (NYSE:PH - Get Free Report) issued its quarterly earnings results on Thursday. The industrial products company reported $7.69 EPS for the quarter, beating the consensus estimate of $7.08 by $0.61, Zacks reports. The business had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.10 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The firm's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.77 EPS. Parker-Hannifin updated its FY 2026 guidance to 28.400-29.400 EPS.

Parker-Hannifin Stock Up 0.3%

Shares of PH traded up $2.32 during mid-day trading on Friday, hitting $727.68. 819,698 shares of the company's stock were exchanged, compared to its average volume of 660,415. The firm has a fifty day moving average of $697.59 and a two-hundred day moving average of $656.35. Parker-Hannifin has a twelve month low of $488.45 and a twelve month high of $745.34. The stock has a market cap of $92.98 billion, a price-to-earnings ratio of 26.83, a P/E/G ratio of 3.11 and a beta of 1.37. The company has a quick ratio of 0.70, a current ratio of 1.19 and a debt-to-equity ratio of 0.55.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Parker-Hannifin from $770.00 to $800.00 and gave the company an "overweight" rating in a research report on Friday. Morgan Stanley upped their price target on shares of Parker-Hannifin from $700.00 to $725.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. KeyCorp upped their price target on shares of Parker-Hannifin from $790.00 to $810.00 and gave the company an "overweight" rating in a research report on Friday. Citigroup restated a "buy" rating and issued a $831.00 price target (up previously from $709.00) on shares of Parker-Hannifin in a research report on Monday, July 14th. Finally, Evercore ISI upped their price target on shares of Parker-Hannifin from $824.00 to $827.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $756.06.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bison Wealth LLC increased its stake in shares of Parker-Hannifin by 4.5% during the 4th quarter. Bison Wealth LLC now owns 749 shares of the industrial products company's stock worth $476,000 after purchasing an additional 32 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Parker-Hannifin by 26.2% during the 1st quarter. Acadian Asset Management LLC now owns 799 shares of the industrial products company's stock worth $484,000 after purchasing an additional 166 shares during the last quarter. Brighton Jones LLC increased its stake in shares of Parker-Hannifin by 5.9% during the 4th quarter. Brighton Jones LLC now owns 1,808 shares of the industrial products company's stock worth $1,150,000 after purchasing an additional 101 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Parker-Hannifin by 0.5% during the 1st quarter. Empowered Funds LLC now owns 2,894 shares of the industrial products company's stock worth $1,759,000 after purchasing an additional 15 shares during the last quarter. Institutional investors and hedge funds 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.

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