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

Key Points

• Parker-Hannifin updated its FY 2026 earnings guidance, projecting earnings per share between $28.400 and $29.400, which is lower than the consensus estimate of $28.873.
• The company anticipates revenues of $20.2 billion to $20.8 billion, slightly below the analyst consensus of $20.6 billion.
• Analysts have generally given Parker-Hannifin a strong rating, with a consensus price target of $739.59 and 13 analysts issuing buy ratings on the stock.

Parker-Hannifin (NYSE:PH - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 28.400-29.400 for the period, compared to the consensus earnings per share estimate of 28.873. The company issued revenue guidance of $20.2 billion-$20.8 billion, compared to the consensus revenue estimate of $20.6 billion.

Wall Street Analysts Forecast Growth

PH has been the topic of several research reports. Wells Fargo & Company boosted their price target on Parker-Hannifin from $670.00 to $770.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Argus set a $680.00 price target on Parker-Hannifin in a report on Tuesday, May 6th. Barclays upped their target price on Parker-Hannifin from $700.00 to $750.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Citigroup reiterated a "buy" rating and issued a $831.00 target price (up from $709.00) on shares of Parker-Hannifin in a report on Monday, July 14th. Finally, Stifel Nicolaus upped their target price on Parker-Hannifin from $709.00 to $717.00 and gave the company a "hold" rating in a report on Monday, July 21st. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $739.59.

Parker-Hannifin Price Performance

Shares of NYSE:PH traded up $28.67 on Thursday, hitting $725.80. The company's stock had a trading volume of 1,243,145 shares, compared to its average volume of 757,848. The company has a 50-day simple moving average of $695.14 and a 200 day simple moving average of $655.75. Parker-Hannifin has a 1 year low of $488.45 and a 1 year high of $745.34. The company has a market capitalization of $92.74 billion, a PE ratio of 27.95, a PEG ratio of 3.05 and a beta of 1.37. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.21 and a quick ratio of 0.70.

Parker-Hannifin (NYSE:PH - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The industrial products company reported $7.69 earnings per share for the quarter, beating the consensus estimate of $7.08 by $0.61. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.14%. The firm had revenue of $5.24 billion for the quarter, compared to analysts' expectations of $5.10 billion. During the same quarter last year, the firm posted $6.77 EPS. The company's revenue was up 1.1% compared to the same quarter last year. Sell-side analysts forecast that Parker-Hannifin will post 26.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Parker-Hannifin

A number of large investors have recently modified their holdings of PH. Empowered Funds LLC increased its stake in Parker-Hannifin by 0.5% in 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 period. Bison Wealth LLC increased its stake in Parker-Hannifin by 4.5% in 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 period. Brighton Jones LLC increased its stake in Parker-Hannifin by 5.9% in 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 period. Finally, Acadian Asset Management LLC increased its stake in Parker-Hannifin by 26.2% in 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 period. 82.44% of the stock is owned by hedge funds and other institutional investors.

Parker-Hannifin Company Profile

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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