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Parker Hannifin (PH)


Market Price (6/27/2026): $970.0 | Market Cap: $122.4 BilInvestor Relations Sector: Industrials | Industry: Industrial Machinery & Supplies & Components

Parker Hannifin (PH)


Market Price (6/27/2026): $970.0
Market Cap: $122.4 Bil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 21%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18%, CFO LTM is 4.1 Bil, FCF LTM is 3.7 Bil

Stock buyback support
Stock Buyback 3Y Total is 3.2 Bil

Low stock price volatility
Vol 12M is 25%

Megatrend and thematic drivers
Megatrends include Automation & Robotics, Hydrogen Economy, Electrification of Everything, Advanced Aviation & Space, Show more.

Key risks
PH key risks include [1] tepid demand in key end-markets such as construction and agriculture.

0 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 21%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18%, CFO LTM is 4.1 Bil, FCF LTM is 3.7 Bil
2 Stock buyback support
Stock Buyback 3Y Total is 3.2 Bil
3 Low stock price volatility
Vol 12M is 25%
4 Megatrend and thematic drivers
Megatrends include Automation & Robotics, Hydrogen Economy, Electrification of Everything, Advanced Aviation & Space, Show more.
5 Key risks
PH key risks include [1] tepid demand in key end-markets such as construction and agriculture.

PH in ETFs

Weight = PH's share of each fund

SPY0.19%
VOO0.16%
IVV0.19%
VTI0.15%
ITOT0.16%
IWB0.18%
RSP0.19%
VTV0.41%
+28 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/25/2026

Parker Hannifin (PH) stock has lost about 5% since 2/28/2026 because of the following key factors:

1. Parker Hannifin reported strong fiscal Q3 2026 earnings and raised its full-year outlook, providing fundamental support.

The company announced its fiscal Q3 2026 (ended March 31, 2026) results on April 30, 2026, with an adjusted earnings per share (EPS) of $8.17, surpassing the consensus estimate by 4.08% to 4.34%. Additionally, revenue for the quarter rose 10.6% year-over-year to $5.49 billion, exceeding analysts' expectations. Following this performance, Parker Hannifin increased its full-year fiscal 2026 adjusted EPS guidance to $31.20 and its organic sales growth midpoint to 5.5%. This strong operational performance and optimistic outlook likely prevented a significant decline in the stock price during the period.

2. Robust demand in the Aerospace segment and a record backlog continued to underpin investor confidence.

Parker Hannifin's Aerospace Systems segment demonstrated strong performance, with orders growing 9% and contributing to a record total company backlog of $12.5 billion by fiscal Q3 2026. This substantial backlog signals strong future revenue visibility and sustained demand in a critical high-margin sector, acting as a key positive driver for the stock.

Show more
Updated on 6/25/2026

Parker Hannifin (PH) stock has lost about 5% since 2/28/2026 because of the following key factors:

1. Parker Hannifin reported strong fiscal Q3 2026 earnings and raised its full-year outlook, providing fundamental support.

The company announced its fiscal Q3 2026 (ended March 31, 2026) results on April 30, 2026, with an adjusted earnings per share (EPS) of $8.17, surpassing the consensus estimate by 4.08% to 4.34%. Additionally, revenue for the quarter rose 10.6% year-over-year to $5.49 billion, exceeding analysts' expectations. Following this performance, Parker Hannifin increased its full-year fiscal 2026 adjusted EPS guidance to $31.20 and its organic sales growth midpoint to 5.5%. This strong operational performance and optimistic outlook likely prevented a significant decline in the stock price during the period.

2. Robust demand in the Aerospace segment and a record backlog continued to underpin investor confidence.

Parker Hannifin's Aerospace Systems segment demonstrated strong performance, with orders growing 9% and contributing to a record total company backlog of $12.5 billion by fiscal Q3 2026. This substantial backlog signals strong future revenue visibility and sustained demand in a critical high-margin sector, acting as a key positive driver for the stock.

3. Elevated valuation and macroeconomic headwinds capped significant upward movement.

Despite positive company-specific news, Parker Hannifin's stock traded at a premium valuation during the period. As of June 23–24, 2026, the stock price of approximately $948–$962 represented an estimated 21.5% to 29% premium over its intrinsic value range of $598–$744. Its trailing P/E multiple of roughly 35x was significantly higher than the machinery industry average of 26.8x, making the stock susceptible to corrections or limited growth on any guidance disappointments. Furthermore, reports from June 24, 2026, highlighted a growing tension between slowing industrial end-market demand and the company's elevated capital expenditures (CapEx), posing risks to operating margins and cash flow durability.

4. Integration and leverage risks associated with the Filtration Group acquisition created investor caution.

The pending $9.25 billion acquisition of Filtration Group Corporation, while strategically beneficial for expanding Parker Hannifin's market presence, introduced substantial operational execution and financial leverage risks. S&P Global Ratings projected that the increased debt burden from this transaction would raise the company's leverage up to 3x, potentially compressing financial flexibility. This factor likely contributed to a cautious sentiment among investors, balancing the positive momentum from operational performance.

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Stock Movement Drivers

Fundamental Drivers

The -3.8% change in PH stock from 2/28/2026 to 6/26/2026 was primarily driven by a -4.1% change in the company's Net Income Margin (%).
(LTM values as of)22820266262026Change
Stock Price ($)1006.90968.92-3.8%
Change Contribution By: 
Total Revenues ($ Mil)20,46120,9872.6%
Net Income Margin (%)17.3%16.6%-4.1%
P/E Multiple35.935.1-2.2%
Shares Outstanding (Mil)1261260.0%
Cumulative Contribution-3.8%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/26/2026
ReturnCorrelation
PH-3.8% 
Market (SPY)6.6%46.4%
Sector (XLI)2.6%74.8%

Fundamental Drivers

The 12.9% change in PH stock from 11/30/2025 to 6/26/2026 was primarily driven by a 17.9% change in the company's P/E Multiple.
(LTM values as of)113020256262026Change
Stock Price ($)858.16968.9212.9%
Change Contribution By: 
Total Revenues ($ Mil)20,03020,9874.8%
Net Income Margin (%)18.2%16.6%-8.8%
P/E Multiple29.835.117.9%
Shares Outstanding (Mil)1261260.2%
Cumulative Contribution12.9%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/26/2026
ReturnCorrelation
PH12.9% 
Market (SPY)7.3%46.1%
Sector (XLI)18.6%76.8%

Fundamental Drivers

The 47.0% change in PH stock from 5/31/2025 to 6/26/2026 was primarily driven by a 40.9% change in the company's P/E Multiple.
(LTM values as of)53120256262026Change
Stock Price ($)658.97968.9247.0%
Change Contribution By: 
Total Revenues ($ Mil)19,79420,9876.0%
Net Income Margin (%)17.1%16.6%-3.3%
P/E Multiple24.935.140.9%
Shares Outstanding (Mil)1281261.7%
Cumulative Contribution47.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/26/2026
ReturnCorrelation
PH47.0% 
Market (SPY)25.1%45.2%
Sector (XLI)28.6%71.6%

Fundamental Drivers

The 212.2% change in PH stock from 5/31/2023 to 6/26/2026 was primarily driven by a 100.3% change in the company's Net Income Margin (%).
(LTM values as of)53120236262026Change
Stock Price ($)310.32968.92212.2%
Change Contribution By: 
Total Revenues ($ Mil)18,15720,98715.6%
Net Income Margin (%)8.3%16.6%100.3%
P/E Multiple26.535.132.6%
Shares Outstanding (Mil)1281261.7%
Cumulative Contribution212.2%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/26/2026
ReturnCorrelation
PH212.2% 
Market (SPY)81.3%67.1%
Sector (XLI)95.7%80.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
PH Return18%-7%61%40%40%13%292%
Peers Return28%-2%12%18%10%10%102%
S&P 500 Return27%-19%24%23%16%7%96%

Monthly Win Rates [3]
PH Win Rate50%33%58%67%75%67% 
Peers Win Rate72%38%48%53%52%53% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
PH Max Drawdown-14%-27%-16%-11%-27%-19% 
Peers Max Drawdown-13%-25%-22%-14%-24%-20% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ETN, DHR, ITW, HON, RTX. See PH Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/26/2026 (YTD)

How Low Can It Go

EventPHS&P 500
2025 US Tariff Shock
  % Loss-26.3%-18.8%
  % Gain to Breakeven35.6%23.1%
  Time to Breakeven84 days79 days
2023 SVB Regional Banking Crisis
  % Loss-13.4%-6.7%
  % Gain to Breakeven15.5%7.1%
  Time to Breakeven82 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-24.6%-24.5%
  % Gain to Breakeven32.6%32.4%
  Time to Breakeven151 days427 days
2020 COVID-19 Crash
  % Loss-53.9%-33.7%
  % Gain to Breakeven117.1%50.9%
  Time to Breakeven158 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.5%-19.2%
  % Gain to Breakeven30.8%23.8%
  Time to Breakeven105 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-22.2%-12.2%
  % Gain to Breakeven28.6%13.9%
  Time to Breakeven57 days62 days

Compare to ETN, DHR, ITW, HON, RTX

In The Past

Parker Hannifin's stock fell -26.3% during the 2025 US Tariff Shock. Such a loss loss requires a 35.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventPHS&P 500
2025 US Tariff Shock
  % Loss-26.3%-18.8%
  % Gain to Breakeven35.6%23.1%
  Time to Breakeven84 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-24.6%-24.5%
  % Gain to Breakeven32.6%32.4%
  Time to Breakeven151 days427 days
2020 COVID-19 Crash
  % Loss-53.9%-33.7%
  % Gain to Breakeven117.1%50.9%
  Time to Breakeven158 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.5%-19.2%
  % Gain to Breakeven30.8%23.8%
  Time to Breakeven105 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-22.2%-12.2%
  % Gain to Breakeven28.6%13.9%
  Time to Breakeven57 days62 days
2014-2016 Oil Price Collapse
  % Loss-23.0%-6.8%
  % Gain to Breakeven29.9%7.3%
  Time to Breakeven57 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-30.1%-17.9%
  % Gain to Breakeven43.0%21.8%
  Time to Breakeven126 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-22.7%-15.4%
  % Gain to Breakeven29.3%18.2%
  Time to Breakeven91 days125 days
2008-2009 Global Financial Crisis
  % Loss-63.0%-53.4%
  % Gain to Breakeven170.1%114.4%
  Time to Breakeven589 days1085 days

Compare to ETN, DHR, ITW, HON, RTX

In The Past

Parker Hannifin's stock fell -26.3% during the 2025 US Tariff Shock. Such a loss loss requires a 35.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Parker Hannifin (PH)

Parker Hannifin (PH) is a global leader in motion and control technologies and systems, serving a broad array of mobile, industrial, and aerospace markets. The company designs, manufactures, and markets a vast range of engineered products essential for the operation and performance of various machinery and equipment worldwide. Its core expertise lies in providing solutions that control movement, fluid flow, and environmental conditions across diverse applications.

The company's Diversified Industrial segment provides critical components for a wide range of industrial and mobile machinery. Its offerings include sealing and shielding solutions, filtration systems, fluid connectors, advanced control systems, and hydraulic, pneumatic, and electromechanical components. These products are vital for equipment used in manufacturing, packaging, processing, construction, transportation, agriculture, and military sectors, sold to original equipment manufacturers (OEMs) and distributors for both new equipment and aftermarket service.

Parker Hannifin's Aerospace Systems segment focuses on highly specialized technologies for commercial and military aircraft. This segment supplies control actuation systems, engine components, fluid conveyance systems, fuel systems, hydraulic and pneumatic controls, and thermal management products, among others. These sophisticated solutions are integrated into airframes and engines, directly serving aerospace OEMs and end users in the global aviation industry.

AI Analysis | Feedback

Here are a few analogies to describe Parker Hannifin:

  • "Intel for the mechanical world," providing the essential motion and control systems that make industrial machines, vehicles, and aircraft work.
  • A specialized industrial version of Honeywell, focused on the critical fluid, motion, and control components for everything from factory equipment to airplanes.

AI Analysis | Feedback

  • Motion & Control Systems: Technologies encompassing hydraulic, pneumatic, and electromechanical components and systems for industrial, mobile, and aerospace applications.
  • Filtration Systems: Products and diagnostic solutions designed to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases.
  • Sealing & Shielding Solutions: Products including seals, shields, thermal products, adhesives, coatings, and noise vibration and harshness solutions.
  • Fluid Connectors & Control Systems: Components that control, transmit, and contain fluid, along with solutions for precise flow and extreme operating conditions.
  • Aerospace Systems & Components: Specialized products for commercial and military aircraft, covering control actuation, engine components, fluid conveyance, fuel systems, and hydraulic systems.
  • Thermal Management Products: Solutions for managing heat and temperature across industrial and aerospace contexts.
  • Aircraft Wheels & Brakes: Critical components provided for commercial and military aircraft landing gear programs.

AI Analysis | Feedback

Based on the provided company description, Parker Hannifin (PH) primarily sells its products and systems to other companies rather than individuals. While specific names of major customer companies are not disclosed in the description, its customer base consists primarily of:

  • Original Equipment Manufacturers (OEMs) across a wide range of industries including manufacturing, packaging, processing, transportation, construction, refrigeration and air conditioning, agricultural, and military machinery and equipment.
  • Independent distributors who serve the replacement markets in these same diversified industrial sectors.
  • Original Equipment Manufacturers (OEMs) and end users in the commercial and military aerospace markets for airframe and engine programs.

AI Analysis | Feedback

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AI Analysis | Feedback

Jennifer A. Parmentier, Chairman of the Board and Chief Executive Officer

Jennifer A. Parmentier assumed the role of Chief Executive Officer of Parker Hannifin on January 1, 2023, and became Chairman of the Board in 2024. She joined Parker Hannifin in 2008 and has held various operational roles, including General Manager of the Sporlan Division and the Hose Products Division. Prior to her CEO role, she served as Vice President and President of the Engineered Materials Group (2015-2019) and the Motion Systems Group (2019-2021), and as Chief Operating Officer starting in 2021. Before joining Parker, Ms. Parmentier was a Business Leader for Ingersoll Rand Trane Residential Systems and held operational leadership positions with Magna Corporation. She holds a Bachelor of Arts in Management from Webster University and an Executive MBA from Loyola Chicago Quinlan School of Business. Ms. Parmentier also serves on the Board of Directors of Nordson Corporation.

Todd M. Leombruno, Executive Vice President and Chief Financial Officer

Todd M. Leombruno has served as Parker Hannifin's Executive Vice President and Chief Financial Officer since January 1, 2021. He began his career with Parker in 1993 as an Accounting Trainee and has held several accounting and financial roles, including Division Controller for the Hydraulic Cartridge Systems Division. His previous positions at Parker include Director of Lean Financial Systems (starting 2006) and Director of Investor Relations (starting 2012). He also served as Group Vice President and Controller for the Engineered Materials Group (starting 2015) and Vice President and Controller (starting 2017). Mr. Leombruno holds a Bachelor of Business Administration from Ohio University and a Master of Business Administration from Case Western Reserve University. He is also a Director on the Board of The Timken Company.

Andrew D. Ross, President and Chief Operating Officer

Andrew D. Ross is the President and Chief Operating Officer of Parker Hannifin, a role he assumed in 2023, following his appointment as Chief Operating Officer in 2022. Mr. Ross joined Parker in 1998 as a Product Manager. His career at Parker includes various leadership roles such as Vice President and President of the Engineered Materials Group (2012-2015) and Vice President and President of the Fluid Connectors Group (starting in 2015). Before joining Parker, he held sales and product marketing roles at Trelleborg Sealing Solutions and began his career at Norfolk Southern Corporation. He earned a Bachelor of Science in Business Administration from the University of Saint Francis, an Executive MBA from Case Western Reserve University, and a Master of Applied Communications from the University of Michigan. Mr. Ross currently serves on the Board of Directors of Symbotic Inc.

Joseph R. Leonti, Executive Vice President, General Counsel and Secretary

Joseph R. Leonti is the Executive Vice President, General Counsel and Secretary for Parker Hannifin. Mr. Leonti assumed this role in January 2022. He joined Parker in 2005 as Assistant General Counsel and advanced to leadership positions within the legal department, including Deputy General Counsel.

Berend Bracht, Vice President and President - Motion Systems Group

Berend Bracht serves as Vice President and President of the Motion Systems Group at Parker Hannifin. Mr. Bracht has been with Parker for over 25 years, holding various leadership positions across different groups and regions. He previously served as President of the Aerospace Group.

AI Analysis | Feedback

Here are the key risks to Parker Hannifin's business:

  1. Dependence on Cyclical Global Economic Conditions: Parker Hannifin's substantial Diversified Industrial segment, which accounts for a significant portion of its net sales, is highly susceptible to fluctuations in global economic conditions. Economic slowdowns and downturns, particularly in key end markets such as construction, agriculture, transportation, and general industrial activity, can lead to reduced demand for the company's motion and control technologies and systems, impacting revenue and profitability.
  2. Supply Chain Disruptions and Inflationary Pressures: As a global manufacturer, Parker Hannifin faces significant risks from disruptions to its complex supply chain. Such disruptions can result in increased operational costs, delays in product delivery, and ultimately affect profitability and customer satisfaction. Furthermore, inflationary pressures and volatility in raw material prices directly impact the company's cost of goods sold, potentially compressing profit margins.
  3. Intense Competition: Parker Hannifin operates in a dynamic and highly competitive industry across its various segments. The company faces stiff competition from both established global players and emerging specialized firms in fluid power, motion control, and industrial automation. This intense competitive landscape can exert pressure on pricing, market share, and profitability, necessitating continuous investment in innovation and product differentiation to maintain its competitive edge.

AI Analysis | Feedback

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AI Analysis | Feedback

Parker Hannifin (NYSE: PH) operates in several significant addressable markets globally. The company manufactures and sells motion and control technologies and systems, with its main products and services falling under diversified industrial and aerospace systems segments. The key addressable markets for Parker Hannifin's main products and services include: * **Industrial Filtration:** The global industrial filtration market was valued at approximately USD 37.83 billion in 2025 and is projected to reach USD 57.69 billion by 2034, growing at a compound annual growth rate (CAGR) of 4.80% from 2026 to 2034. The U.S. industrial filtration market is projected to reach USD 18.85 billion by 2032. * **Fluid Power Equipment (Hydraulics and Pneumatics):** The global fluid power equipment market was valued at USD 58.23 billion in 2023 and is expected to reach USD 108.13 billion in 2032, exhibiting a CAGR of 7.12% over the forecast period (2024-2032). Another estimate places the global fluid power market at about USD 51.9 billion in 2024, with projections of continued growth, potentially reaching USD 90 billion by 2033. North America dominated the fluid power equipment market with a 31.5% share in 2024. * **Motion Control:** The global motion control market size was estimated at USD 16.63 billion in 2023 and is projected to reach USD 24.66 billion by 2030, growing at a CAGR of 5.8% from 2024 to 2030. The Asia Pacific region was the largest revenue-generating market in 2023. * **Aerospace Hydraulic Systems:** The global aircraft hydraulic systems market size was valued at USD 12.2 billion in 2024 and is estimated to grow at a CAGR of 11.5% to reach USD 36 billion by 2034. The U.S. dominated this market, accounting for USD 3.8 billion in 2024. * **Electromechanical Components:** The global electromechanical components market was valued at USD 557.2 billion in 2024 and is projected to reach USD 962.7 billion by 2033, growing at a CAGR of 6.1% during the forecast period 2025-2033.

AI Analysis | Feedback

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Expected Drivers of Future Revenue Growth for Parker Hannifin (PH)

Over the next 2-3 years, Parker Hannifin (NYSE: PH) is expected to drive revenue growth through several key initiatives and market trends:

  1. Strong Performance in the Aerospace Systems Segment: The Aerospace Systems segment is a significant growth driver, benefiting from robust demand across commercial and military end markets, for both Original Equipment Manufacturers (OEM) and aftermarket channels. The segment has shown strong sales increases and a growing backlog, indicating sustained momentum.
  2. Alignment with Secular Growth Trends: Parker Hannifin is strategically positioned to capitalize on long-term secular trends. These include digitalization, electrification, the advancement of clean technologies for carbon reduction, increased automation, and significant infrastructure investments. The company's portfolio is aligned to benefit from these global shifts.
  3. Strategic Acquisitions: The company's strategy includes strategic acquisitions to expand its market presence and enhance its product offerings. Recent examples, such as the acquisition of Curtis Instruments and the planned acquisition of Filtration Group Corporation, aim to broaden aftermarket operations and strengthen high-margin segments like industrial filtration, contributing to future revenue and operational profitability.
  4. "The Win Strategy™" and Operational Excellence: Parker's business system, "The Win Strategy™," emphasizes operational excellence, continuous improvement, and margin expansion. This approach fosters a high-performance culture and allows the company to drive efficiency and profitability, indirectly supporting revenue growth by enhancing competitiveness and customer experience.
  5. Achieving Organic Sales Growth Targets: Parker Hannifin has set clear financial targets, including a 4-6% compound annual growth rate (CAGR) in organic sales through fiscal year 2029. This ambitious target reflects the company's confidence in its ability to generate sustained growth from its existing businesses and strategic initiatives.
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AI Analysis | Feedback

Share Repurchases

  • Parker Hannifin repurchased $650 million of shares in the third quarter ending March 31, 2025.
  • Between October 1, 2025, and December 31, 2025, Parker-Hannifin repurchased 92,199 shares for US$75 million.
  • The Board approved an update in August 2025, making 20 million shares available under the company's existing share repurchase authorization.

Share Issuance

  • Parker-Hannifin's shares outstanding have seen a slight decline in recent years, with 0.13 billion shares outstanding in 2025 and 0.128 billion in Q4 2025, indicating no significant share issuance.

Outbound Investments

  • On September 13, 2022, Parker-Hannifin acquired Meggitt, a global leader in aerospace and defense motion and control technologies, for $8.8 billion in a cash deal.
  • On November 11, 2025, Parker Hannifin announced a definitive agreement to acquire Filtration Group Corporation for $9.25 billion in cash, aiming to create one of the largest global industrial filtration businesses.
  • The company acquired LORD, a manufacturer of advanced adhesives and coatings, for $3.675 billion in cash on October 29, 2019.

Capital Expenditures

  • In the last 12 months, Parker-Hannifin's capital expenditures were -$402.00 million.
  • Historical capital expenditures were $435 million for fiscal year 2025, $400 million for 2024, and $381 million for 2023.
  • Expected capital expenditures are projected to be $385 million for fiscal year 2026, increasing to $419 million in 2027 and $441 million in 2028.

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Financials

PHETNDHRITWHONRTXMedian
NameParker H.Eaton Danaher Illinois.Honeywel.RTX  
Mkt Price968.92402.68196.19267.71232.21187.99249.96
Mkt Cap122.3156.3138.977.2147.4253.4143.1
Rev LTM20,98728,52224,77816,22136,76390,37326,650
Op Inc LTM4,3885,1814,7604,2856,3199,8204,970
FCF LTM3,6783,7765,2912,739-7,9713,776
FCF 3Y Avg3,2483,3485,2472,849-6,2793,348
CFO LTM4,0954,7416,4393,157-11,1174,741
CFO 3Y Avg3,6584,1986,5483,280-9,4424,198

Growth & Margins

PHETNDHRITWHONRTXMedian
NameParker H.Eaton Danaher Illinois.Honeywel.RTX  
Rev Chg LTM6.0%12.7%4.0%2.9%6.4%10.6%6.2%
Rev Chg 3Y Avg5.0%10.1%-0.1%0.5%0.9%9.7%3.0%
Rev Chg Q10.6%16.8%3.7%4.6%2.4%8.7%6.7%
QoQ Delta Rev Chg LTM2.6%3.9%0.9%1.1%0.6%2.0%1.6%
Op Inc Chg LTM10.3%7.3%-1.3%4.8%-3.4%46.5%6.0%
Op Inc Chg 3Y Avg16.1%18.0%-10.7%3.6%-2.5%29.1%9.8%
Op Mgn LTM20.9%18.2%19.2%26.4%17.2%10.9%18.7%
Op Mgn 3Y Avg20.0%18.2%20.2%26.2%18.3%8.1%19.2%
QoQ Delta Op Mgn LTM-0.1%-0.8%0.1%0.1%-0.1%0.4%0.0%
CFO/Rev LTM19.5%16.6%26.0%19.5%-12.3%19.5%
CFO/Rev 3Y Avg18.1%16.2%27.2%20.5%-11.7%18.1%
FCF/Rev LTM17.5%13.2%21.4%16.9%-8.8%16.9%
FCF/Rev 3Y Avg16.0%12.9%21.8%17.8%-7.7%16.0%

Valuation

PHETNDHRITWHONRTXMedian
NameParker H.Eaton Danaher Illinois.Honeywel.RTX  
Mkt Cap122.3156.3138.977.2147.4253.4143.1
P/S5.85.55.64.84.02.85.1
P/Op Inc27.930.229.218.023.325.826.8
P/EBIT26.030.230.217.825.023.025.5
P/E35.139.237.624.635.934.935.5
P/CFO29.933.021.624.4-22.824.4
Total Yield3.6%2.6%2.7%6.4%4.3%4.3%3.9%
Dividend Yield0.7%0.0%0.0%2.3%1.5%1.4%1.1%
FCF Yield 3Y Avg3.8%2.7%3.4%3.8%-3.5%3.5%
D/E0.10.10.10.10.20.20.1
Net D/E0.10.10.10.10.20.10.1

Returns

PHETNDHRITWHONRTXMedian
NameParker H.Eaton Danaher Illinois.Honeywel.RTX  
1M Rtn13.1%-0.9%13.6%7.0%0.3%6.5%6.7%
3M Rtn9.3%13.0%8.3%3.3%4.6%-0.5%6.5%
6M Rtn9.6%25.7%-14.5%7.4%18.9%2.3%8.5%
12M Rtn41.3%17.0%-1.7%11.2%11.2%33.9%14.1%
3Y Rtn163.2%111.8%-3.8%14.5%29.2%107.5%68.3%
1M Excs Rtn15.3%1.3%15.8%9.2%2.5%8.7%8.9%
3M Excs Rtn-5.8%-0.5%-8.8%-11.1%-9.8%-15.7%-9.3%
6M Excs Rtn3.2%19.0%-21.0%1.2%13.6%-4.5%2.2%
12M Excs Rtn24.4%-1.7%-22.2%-9.0%-7.3%14.4%-4.5%
3Y Excs Rtn98.9%46.4%-73.8%-51.8%-38.3%33.7%-2.3%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Diversified Industrial13,66514,45814,70613,34211,960
Aerospace Systems6,1855,4724,3602,5202,387
Total19,85019,93019,06515,86214,348


Operating Income by Segment
$ Mil20252024202320222021
Diversified Industrial3,1203,1763,0712,6932,235
Aerospace Systems1,4411,111562501403
Total4,5614,2873,6343,1952,638


Assets by Segment
$ Mil20252024202320222021
Diversified Industrial15,95316,17415,57315,83916,519
Aerospace Systems12,21812,01613,6613,0213,077
Corporate1,3231,1087317,085745
Total29,49429,29829,96425,94420,341


Price Behavior

Price Behavior
Market Price$968.92 
Market Cap ($ Bil)122.3 
First Trading Date07/01/1985 
Distance from 52W High-5.1% 
   50 Days200 Days
DMA Price$905.90$878.73
DMA Trendupdown
Distance from DMA7.0%10.3%
 3M1YR
Volatility30.9%25.3%
Downside Capture61.5673.01
Upside Capture62.5398.36
Correlation (SPY)41.6%43.6%
PH Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta1.391.381.201.050.981.27
Up Beta2.782.151.901.331.161.42
Down Beta1.091.371.071.020.911.34
Up Capture-0%18%34%76%91%178%
Bmk +ve Days13283667141432
Stock +ve Days8192763136401
Down Capture251%200%154%109%95%102%
Bmk -ve Days7132757109318
Stock -ve Days12223661114350

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PH
PH45.3%25.3%1.43-
Sector ETF (XLI)27.5%16.5%1.2971.2%
Equity (SPY)21.2%12.4%1.2643.7%
Gold (GLD)21.8%27.7%0.7014.6%
Commodities (DBC)21.8%18.6%0.92-17.6%
Real Estate (VNQ)16.1%13.6%0.8536.5%
Bitcoin (BTCUSD)-44.7%42.5%-1.2714.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PH
PH29.9%28.7%0.93-
Sector ETF (XLI)14.5%17.6%0.6582.2%
Equity (SPY)13.4%17.1%0.6170.4%
Gold (GLD)17.8%18.3%0.796.6%
Commodities (DBC)7.4%19.5%0.2816.0%
Real Estate (VNQ)3.4%18.9%0.0852.8%
Bitcoin (BTCUSD)10.7%54.0%0.3925.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PH
PH26.1%31.7%0.80-
Sector ETF (XLI)14.5%20.1%0.6385.2%
Equity (SPY)15.2%18.0%0.7274.3%
Gold (GLD)11.8%16.1%0.602.0%
Commodities (DBC)5.9%18.0%0.2628.1%
Real Estate (VNQ)5.6%20.7%0.2357.9%
Bitcoin (BTCUSD)54.6%66.4%0.9517.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity1.5 Mil
Short Interest: % Change Since 5312026-3.6%
Average Daily Volume0.9 Mil
Days-to-Cover Short Interest1.8 days
Basic Shares Quantity126.2 Mil
Short % of Basic Shares1.2%

Earnings Returns History

Updated 6/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/30/2026-4.0%-4.7%-10.7%
1/29/20263.5%5.6%10.3%
11/6/20257.8%10.6%13.9%
8/7/20254.0%9.3%9.1%
5/1/20250.8%3.0%10.2%
1/30/20255.7%3.5%0.6%
10/31/20241.6%13.6%12.9%
8/8/202410.8%12.9%11.8%
...
SUMMARY STATS   
# Positive161917
# Negative857
Median Positive4.0%7.1%10.3%
Median Negative-1.9%-2.4%-4.2%
Max Positive10.8%20.1%27.0%
Max Negative-5.0%-8.8%-10.9%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/30/2026-4.0%-4.7%-10.7%
1/29/20263.5%5.6%10.3%
11/6/20257.8%10.6%13.9%
8/7/20254.0%9.3%9.1%
5/1/20250.8%3.0%10.2%
1/30/20255.7%3.5%0.6%
10/31/20241.6%13.6%12.9%
8/8/202410.8%12.9%11.8%
5/2/2024-2.3%2.2%-1.8%
2/1/20247.7%10.7%16.1%
11/2/20239.2%10.8%19.2%
8/3/20233.0%4.0%3.1%
5/4/2023-0.3%1.1%5.9%
2/2/20232.7%7.1%9.9%
11/3/20220.9%2.0%5.8%
8/4/20221.2%3.3%-7.3%
5/5/2022-5.0%-8.8%-4.2%
2/3/2022-2.5%-1.7%-10.9%
11/4/20217.1%7.8%0.7%
8/5/2021-1.0%-2.4%-2.5%
4/29/2021-1.6%-1.0%-3.1%
2/4/2021-0.8%0.9%11.0%
11/5/20209.6%20.1%27.0%
8/6/20204.0%12.9%11.6%
SUMMARY STATS   
# Positive161917
# Negative857
Median Positive4.0%7.1%10.3%
Median Negative-1.9%-2.4%-4.2%
Max Positive10.8%20.1%27.0%
Max Negative-5.0%-8.8%-10.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/01/202610-Q
12/31/202501/30/202610-Q
09/30/202511/07/202510-Q
06/30/202508/22/202510-K
03/31/202505/06/202510-Q
12/31/202401/31/202510-Q
09/30/202411/05/202410-Q
06/30/202408/22/202410-K
03/31/202405/03/202410-Q
12/31/202302/06/202410-Q
09/30/202311/07/202310-Q
06/30/202308/24/202310-K
03/31/202305/05/202310-Q
12/31/202202/07/202310-Q
09/30/202211/04/202210-Q
06/30/202208/24/202210-K
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/01/202610-Q
12/31/202501/30/202610-Q
09/30/202511/07/202510-Q
06/30/202508/22/202510-K
03/31/202505/06/202510-Q
12/31/202401/31/202510-Q
09/30/202411/05/202410-Q
06/30/202408/22/202410-K
03/31/202405/03/202410-Q
12/31/202302/06/202410-Q
09/30/202311/07/202310-Q
06/30/202308/24/202310-K
03/31/202305/05/202310-Q
12/31/202202/07/202310-Q
09/30/202211/04/202210-Q
06/30/202208/24/202210-K
03/31/202205/06/202210-Q
12/31/202102/04/202210-Q
09/30/202111/05/202110-Q
06/30/202108/25/202110-K
03/31/202105/06/202110-Q
12/31/202002/05/202110-Q
09/30/202011/06/202010-Q
06/30/202008/26/202010-K
03/31/202005/06/202010-Q
12/31/201902/05/202010-Q
09/30/201911/06/201910-Q
06/30/201908/23/201910-K

Recent Forward Guidance

Updated 5/31/2026

Latest: Q3 2026 Earnings Reported 4/30/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Reported Sales Growth 7.0% 7.7%0.5%RaisedGuidance: 6.5% for 2026
2026 Segment Operating Margin 23.9% 00AffirmedGuidance: 23.9% for 2026
2026 Adjusted Segment Operating Margin 27.2% 00AffirmedGuidance: 27.2% for 2026
2026 EPS 27.1 2.0% RaisedGuidance: 26.6 for 2026
2026 Adjusted EPS 31.2 1.6% RaisedGuidance: 30.7 for 2026
2026 Adjusted EPS Growth 15.0%   Higher New

Prior: Q2 2026 Earnings Reported 1/29/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue Growth5.5%6.5%7.5%18.2%1.0%RaisedGuidance: 5.5% for 2026
2026 Operating Margin27.0%27.2%27.4%0.7%0.2%RaisedGuidance: 27.0% for 2026
2026 EPS30.430.7312.3% RaisedGuidance: 30 for 2026

Insider Activity

Updated 4/26/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Bracht, BerendVP & Pres.- Motion Sys. Grp.DirectSell21820261002.131,1271,129,4012,585,495Form
2Bendali, RachidVP & Pres.- Eng. Mat. Grp.DirectSell21820261006.74412414,7772,732,292Form
3Gentile, Thomas CVP-Global Supply ChainDirectSell21720261001.511,3261,328,0025,473,252Form
4Hart, Mark JEVP-HR & External AffairsDirectSell21720261009.122,8042,829,5727,127,415Form
5Scott, PatrickVP & Pres.-Fluid Conn.DirectSell2172026983.06833818,8893,396,472Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Bracht, BerendVP & Pres.- Motion Sys. Grp.DirectSell21820261002.131,1271,129,4012,585,495Form
2Bendali, RachidVP & Pres.- Eng. Mat. Grp.DirectSell21820261006.74412414,7772,732,292Form
3Gentile, Thomas CVP-Global Supply ChainDirectSell21720261001.511,3261,328,0025,473,252Form
4Hart, Mark JEVP-HR & External AffairsDirectSell21720261009.122,8042,829,5727,127,415Form
5Scott, PatrickVP & Pres.-Fluid Conn.DirectSell2172026983.06833818,8893,396,472Form
6Ross, Andrew DPresident & COODirectSell2132026998.953,6563,652,17613,106,276Form
7Ross, Andrew DPresident & COODirectSell2132026999.171,0081,007,16314,936,592Form
8Leombruno, Todd MEVP & CFODirectSell21320261002.342,0622,066,81520,658,125Form
9Parmentier, Jennifer AChief Executive OfficerDirectSell2132026996.664,7064,690,28847,219,819Form
10Gentile, Thomas CVP-Global Supply ChainDirectSell2032026941.312,3762,236,5465,144,243Form
11Ives, Angela RVP & ControllerDirectSell2032026952.301,0661,015,1522,645,489Form
12Ross, Andrew DChief Operating OfficerDirectSell12152025894.261,5391,376,26112,581,294Form
13Ross, Andrew DChief Operating OfficerDirectSell12152025895.72949850,03811,751,846Form
14Reidy, JayVP & Pres.- Aerospace Grp.DirectSell11142025863.62391337,6751,798,920Form
15Bendali, RachidVP & Pres.- Eng. Mat. Grp.DirectSell11142025852.991,4371,225,7472,315,015Form
16Bracht, BerendVP & Pres.- Motion Sys. Grp.DirectSell11142025864.583,5073,032,0872,230,620Form
17Verrier, James DirectSell9042025750.001,5001,125,0003,382,500Form
18Leonti, Joseph REVP, Gen Counsel & SecretaryDirectSell8272025750.844,6253,472,62510,420,128Form
19Parel, Dinu JVP & Chief Digital & Info Off.DirectSell8142025741.141,103817,4774,842,609Form
20Scott, PatrickVP & Pres.-Fluid Conn.DirectSell8122025729.451,5831,154,7182,520,248Form
21Bracht, BerendVP & Pres.- Motion Sys. Grp.DirectSell8122025728.44278202,5063,538,762Form
22Gentile, Thomas CVP-Global Supply ChainDirectSell8122025729.501,133826,5243,986,718Form
23Hart, Mark JEVP-HR & External AffairsDirectSell8122025730.222,2571,648,1075,157,544Form
24Ives, Angela RVP & ControllerDirectSell8122025727.36810589,1622,035,153Form
25Jacobson, Matthew AVP & Pres.-Filtration Grp.DirectSell8122025733.06575421,509733,060Form
26Malone, Robert WVPDirectSell8122025730.662,2571,649,1004,286,052Form
27Ross, Andrew DPres.& Chief Operating OfficerDirectSell8122025732.664,3613,195,1109,612,437Form
28Scaminace, Joseph Joseph Scaminace Revocable TrustSell5302025667.51958639,4751,521,255Form
29Reidy, JayVP & Pres.-Aerospace Grp.DirectSell5212025675.62497335,7831,407,316Form
30Reidy, JayVP & Pres.-Aerospace Grp.DirectSell5062025620.3715093,0561,292,231Form
Core Cache Last Updated: 6/26/2026