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): $970.0Market Cap: $122.4 BilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 21% Attractive cash flow generationCFO/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 supportStock Buyback 3Y Total is 3.2 Bil Low stock price volatilityVol 12M is 25% Megatrend and thematic driversMegatrends include Automation & Robotics, Hydrogen Economy, Electrification of Everything, Advanced Aviation & Space, Show more. | Key risksPH key risks include [1] tepid demand in key end-markets such as construction and agriculture. |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 21% |
| Attractive cash flow generationCFO/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 supportStock Buyback 3Y Total is 3.2 Bil |
| Low stock price volatilityVol 12M is 25% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, Hydrogen Economy, Electrification of Everything, Advanced Aviation & Space, Show more. |
| Key risksPH key risks include [1] tepid demand in key end-markets such as construction and agriculture. |
Qualitative Assessment
AI Analysis | Feedback
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.
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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 $9.25 billion acquisition of Filtration Group Corporation, while strategically beneficial for expanding Parker Hannifin's market presence, introduced substantial operational execution and financial leverage risks. S&P Global Ratings projected that the increased debt burden from this transaction would raise the company's leverage up to 3x, potentially compressing financial flexibility. This factor likely contributed to a cautious sentiment among investors, balancing the positive momentum from operational performance.
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Stock Movement Drivers
Fundamental Drivers
The -3.8% change in PH stock from 2/28/2026 to 6/26/2026 was primarily driven by a -4.1% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 1006.90 | 968.92 | -3.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 20,461 | 20,987 | 2.6% |
| Net Income Margin (%) | 17.3% | 16.6% | -4.1% |
| P/E Multiple | 35.9 | 35.1 | -2.2% |
| Shares Outstanding (Mil) | 126 | 126 | 0.0% |
| Cumulative Contribution | -3.8% |
Market Drivers
2/28/2026 to 6/26/2026| Return | Correlation | |
|---|---|---|
| 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) | 11302025 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 858.16 | 968.92 | 12.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 20,030 | 20,987 | 4.8% |
| Net Income Margin (%) | 18.2% | 16.6% | -8.8% |
| P/E Multiple | 29.8 | 35.1 | 17.9% |
| Shares Outstanding (Mil) | 126 | 126 | 0.2% |
| Cumulative Contribution | 12.9% |
Market Drivers
11/30/2025 to 6/26/2026| Return | Correlation | |
|---|---|---|
| PH | 12.9% | |
| 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) | 5312025 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 658.97 | 968.92 | 47.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 19,794 | 20,987 | 6.0% |
| Net Income Margin (%) | 17.1% | 16.6% | -3.3% |
| P/E Multiple | 24.9 | 35.1 | 40.9% |
| Shares Outstanding (Mil) | 128 | 126 | 1.7% |
| Cumulative Contribution | 47.0% |
Market Drivers
5/31/2025 to 6/26/2026| Return | Correlation | |
|---|---|---|
| PH | 47.0% | |
| 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) | 5312023 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 310.32 | 968.92 | 212.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 18,157 | 20,987 | 15.6% |
| Net Income Margin (%) | 8.3% | 16.6% | 100.3% |
| P/E Multiple | 26.5 | 35.1 | 32.6% |
| Shares Outstanding (Mil) | 128 | 126 | 1.7% |
| Cumulative Contribution | 212.2% |
Market Drivers
5/31/2023 to 6/26/2026| Return | Correlation | |
|---|---|---|
| PH | 212.2% | |
| Market (SPY) | 81.3% | 67.1% |
| Sector (XLI) | 95.7% | 80.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PH Return | 18% | -7% | 61% | 40% | 40% | 13% | 292% |
| Peers Return | 28% | -2% | 12% | 18% | 10% | 10% | 102% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 96% |
Monthly Win Rates [3] | |||||||
| PH Win Rate | 50% | 33% | 58% | 67% | 75% | 67% | |
| Peers Win Rate | 72% | 38% | 48% | 53% | 52% | 53% | |
| S&P 500 Win Rate | 75% | 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
| Event | PH | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -26.3% | -18.8% |
| % Gain to Breakeven | 35.6% | 23.1% |
| Time to Breakeven | 84 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -13.4% | -6.7% |
| % Gain to Breakeven | 15.5% | 7.1% |
| Time to Breakeven | 82 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -24.6% | -24.5% |
| % Gain to Breakeven | 32.6% | 32.4% |
| Time to Breakeven | 151 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.9% | -33.7% |
| % Gain to Breakeven | 117.1% | 50.9% |
| Time to Breakeven | 158 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.5% | -19.2% |
| % Gain to Breakeven | 30.8% | 23.8% |
| Time to Breakeven | 105 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -22.2% | -12.2% |
| % Gain to Breakeven | 28.6% | 13.9% |
| Time to Breakeven | 57 days | 62 days |
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.
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Asset Allocation
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| Event | PH | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -26.3% | -18.8% |
| % Gain to Breakeven | 35.6% | 23.1% |
| Time to Breakeven | 84 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -24.6% | -24.5% |
| % Gain to Breakeven | 32.6% | 32.4% |
| Time to Breakeven | 151 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.9% | -33.7% |
| % Gain to Breakeven | 117.1% | 50.9% |
| Time to Breakeven | 158 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.5% | -19.2% |
| % Gain to Breakeven | 30.8% | 23.8% |
| Time to Breakeven | 105 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -22.2% | -12.2% |
| % Gain to Breakeven | 28.6% | 13.9% |
| Time to Breakeven | 57 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -23.0% | -6.8% |
| % Gain to Breakeven | 29.9% | 7.3% |
| Time to Breakeven | 57 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -30.1% | -17.9% |
| % Gain to Breakeven | 43.0% | 21.8% |
| Time to Breakeven | 126 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -22.7% | -15.4% |
| % Gain to Breakeven | 29.3% | 18.2% |
| Time to Breakeven | 91 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -63.0% | -53.4% |
| % Gain to Breakeven | 170.1% | 114.4% |
| Time to Breakeven | 589 days | 1085 days |
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.
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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.
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- 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.
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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.
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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.
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Here are the key risks to Parker Hannifin's business:
- 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.
- 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.
- 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.
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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:
- 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.
- 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.
- 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.
- "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.
- 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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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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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 249.96 |
| Mkt Cap | 143.1 |
| Rev LTM | 26,650 |
| Op Inc LTM | 4,970 |
| FCF LTM | 3,776 |
| FCF 3Y Avg | 3,348 |
| CFO LTM | 4,741 |
| CFO 3Y Avg | 4,198 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.2% |
| Rev Chg 3Y Avg | 3.0% |
| Rev Chg Q | 6.7% |
| QoQ Delta Rev Chg LTM | 1.6% |
| Op Inc Chg LTM | 6.0% |
| Op Inc Chg 3Y Avg | 9.8% |
| Op Mgn LTM | 18.7% |
| Op Mgn 3Y Avg | 19.2% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 19.5% |
| CFO/Rev 3Y Avg | 18.1% |
| FCF/Rev LTM | 16.9% |
| FCF/Rev 3Y Avg | 16.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 143.1 |
| P/S | 5.1 |
| P/Op Inc | 26.8 |
| P/EBIT | 25.5 |
| P/E | 35.5 |
| P/CFO | 24.4 |
| Total Yield | 3.9% |
| Dividend Yield | 1.1% |
| FCF Yield 3Y Avg | 3.5% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 6.7% |
| 3M Rtn | 6.5% |
| 6M Rtn | 8.5% |
| 12M Rtn | 14.1% |
| 3Y Rtn | 68.3% |
| 1M Excs Rtn | 8.9% |
| 3M Excs Rtn | -9.3% |
| 6M Excs Rtn | 2.2% |
| 12M Excs Rtn | -4.5% |
| 3Y Excs Rtn | -2.3% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Diversified Industrial | 13,665 | 14,458 | 14,706 | 13,342 | 11,960 |
| Aerospace Systems | 6,185 | 5,472 | 4,360 | 2,520 | 2,387 |
| Total | 19,850 | 19,930 | 19,065 | 15,862 | 14,348 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Diversified Industrial | 3,120 | 3,176 | 3,071 | 2,693 | 2,235 |
| Aerospace Systems | 1,441 | 1,111 | 562 | 501 | 403 |
| Total | 4,561 | 4,287 | 3,634 | 3,195 | 2,638 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Diversified Industrial | 15,953 | 16,174 | 15,573 | 15,839 | 16,519 |
| Aerospace Systems | 12,218 | 12,016 | 13,661 | 3,021 | 3,077 |
| Corporate | 1,323 | 1,108 | 731 | 7,085 | 745 |
| Total | 29,494 | 29,298 | 29,964 | 25,944 | 20,341 |
Price Behavior
| Market Price | $968.92 | |
| Market Cap ($ Bil) | 122.3 | |
| First Trading Date | 07/01/1985 | |
| Distance from 52W High | -5.1% | |
| 50 Days | 200 Days | |
| DMA Price | $905.90 | $878.73 |
| DMA Trend | up | down |
| Distance from DMA | 7.0% | 10.3% |
| 3M | 1YR | |
| Volatility | 30.9% | 25.3% |
| Downside Capture | 61.56 | 73.01 |
| Upside Capture | 62.53 | 98.36 |
| Correlation (SPY) | 41.6% | 43.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.39 | 1.38 | 1.20 | 1.05 | 0.98 | 1.27 |
| Up Beta | 2.78 | 2.15 | 1.90 | 1.33 | 1.16 | 1.42 |
| Down Beta | 1.09 | 1.37 | 1.07 | 1.02 | 0.91 | 1.34 |
| Up Capture | -0% | 18% | 34% | 76% | 91% | 178% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 8 | 19 | 27 | 63 | 136 | 401 |
| Down Capture | 251% | 200% | 154% | 109% | 95% | 102% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 12 | 22 | 36 | 61 | 114 | 350 |
[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 | |
|---|---|---|---|---|
| PH | 45.3% | 25.3% | 1.43 | - |
| Sector ETF (XLI) | 27.5% | 16.5% | 1.29 | 71.2% |
| Equity (SPY) | 21.2% | 12.4% | 1.26 | 43.7% |
| Gold (GLD) | 21.8% | 27.7% | 0.70 | 14.6% |
| Commodities (DBC) | 21.8% | 18.6% | 0.92 | -17.6% |
| Real Estate (VNQ) | 16.1% | 13.6% | 0.85 | 36.5% |
| Bitcoin (BTCUSD) | -44.7% | 42.5% | -1.27 | 14.7% |
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 | |
|---|---|---|---|---|
| PH | 29.9% | 28.7% | 0.93 | - |
| Sector ETF (XLI) | 14.5% | 17.6% | 0.65 | 82.2% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 70.4% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | 6.6% |
| Commodities (DBC) | 7.4% | 19.5% | 0.28 | 16.0% |
| Real Estate (VNQ) | 3.4% | 18.9% | 0.08 | 52.8% |
| Bitcoin (BTCUSD) | 10.7% | 54.0% | 0.39 | 25.6% |
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 | |
|---|---|---|---|---|
| PH | 26.1% | 31.7% | 0.80 | - |
| Sector ETF (XLI) | 14.5% | 20.1% | 0.63 | 85.2% |
| Equity (SPY) | 15.2% | 18.0% | 0.72 | 74.3% |
| Gold (GLD) | 11.8% | 16.1% | 0.60 | 2.0% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 28.1% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 57.9% |
| Bitcoin (BTCUSD) | 54.6% | 66.4% | 0.95 | 17.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/30/2026 | -4.0% | -4.7% | -10.7% |
| 1/29/2026 | 3.5% | 5.6% | 10.3% |
| 11/6/2025 | 7.8% | 10.6% | 13.9% |
| 8/7/2025 | 4.0% | 9.3% | 9.1% |
| 5/1/2025 | 0.8% | 3.0% | 10.2% |
| 1/30/2025 | 5.7% | 3.5% | 0.6% |
| 10/31/2024 | 1.6% | 13.6% | 12.9% |
| 8/8/2024 | 10.8% | 12.9% | 11.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 19 | 17 |
| # Negative | 8 | 5 | 7 |
| Median Positive | 4.0% | 7.1% | 10.3% |
| Median Negative | -1.9% | -2.4% | -4.2% |
| Max Positive | 10.8% | 20.1% | 27.0% |
| Max Negative | -5.0% | -8.8% | -10.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/30/2026 | -4.0% | -4.7% | -10.7% |
| 1/29/2026 | 3.5% | 5.6% | 10.3% |
| 11/6/2025 | 7.8% | 10.6% | 13.9% |
| 8/7/2025 | 4.0% | 9.3% | 9.1% |
| 5/1/2025 | 0.8% | 3.0% | 10.2% |
| 1/30/2025 | 5.7% | 3.5% | 0.6% |
| 10/31/2024 | 1.6% | 13.6% | 12.9% |
| 8/8/2024 | 10.8% | 12.9% | 11.8% |
| 5/2/2024 | -2.3% | 2.2% | -1.8% |
| 2/1/2024 | 7.7% | 10.7% | 16.1% |
| 11/2/2023 | 9.2% | 10.8% | 19.2% |
| 8/3/2023 | 3.0% | 4.0% | 3.1% |
| 5/4/2023 | -0.3% | 1.1% | 5.9% |
| 2/2/2023 | 2.7% | 7.1% | 9.9% |
| 11/3/2022 | 0.9% | 2.0% | 5.8% |
| 8/4/2022 | 1.2% | 3.3% | -7.3% |
| 5/5/2022 | -5.0% | -8.8% | -4.2% |
| 2/3/2022 | -2.5% | -1.7% | -10.9% |
| 11/4/2021 | 7.1% | 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% |
| 11/5/2020 | 9.6% | 20.1% | 27.0% |
| 8/6/2020 | 4.0% | 12.9% | 11.6% |
| SUMMARY STATS | |||
| # Positive | 16 | 19 | 17 |
| # Negative | 8 | 5 | 7 |
| Median Positive | 4.0% | 7.1% | 10.3% |
| Median Negative | -1.9% | -2.4% | -4.2% |
| Max Positive | 10.8% | 20.1% | 27.0% |
| Max Negative | -5.0% | -8.8% | -10.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 01/30/2026 | 10-Q |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/22/2025 | 10-K |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 01/31/2025 | 10-Q |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/22/2024 | 10-K |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/06/2024 | 10-Q |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/24/2023 | 10-K |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/07/2023 | 10-Q |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/24/2022 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 01/30/2026 | 10-Q |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/22/2025 | 10-K |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 01/31/2025 | 10-Q |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/22/2024 | 10-K |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/06/2024 | 10-Q |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/24/2023 | 10-K |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/07/2023 | 10-Q |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/24/2022 | 10-K |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 02/04/2022 | 10-Q |
| 09/30/2021 | 11/05/2021 | 10-Q |
| 06/30/2021 | 08/25/2021 | 10-K |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/05/2021 | 10-Q |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/26/2020 | 10-K |
| 03/31/2020 | 05/06/2020 | 10-Q |
| 12/31/2019 | 02/05/2020 | 10-Q |
| 09/30/2019 | 11/06/2019 | 10-Q |
| 06/30/2019 | 08/23/2019 | 10-K |
Recent Forward Guidance
Updated 5/31/2026Latest: Q3 2026 Earnings Reported 4/30/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Reported Sales Growth | 7.0% | 7.7% | 0.5% | Raised | Guidance: 6.5% for 2026 | ||
| 2026 Segment Operating Margin | 23.9% | 0 | 0 | Affirmed | Guidance: 23.9% for 2026 | ||
| 2026 Adjusted Segment Operating Margin | 27.2% | 0 | 0 | Affirmed | Guidance: 27.2% for 2026 | ||
| 2026 EPS | 27.1 | 2.0% | Raised | Guidance: 26.6 for 2026 | |||
| 2026 Adjusted EPS | 31.2 | 1.6% | Raised | Guidance: 30.7 for 2026 | |||
| 2026 Adjusted EPS Growth | 15.0% | Higher New | |||||
Prior: Q2 2026 Earnings Reported 1/29/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue Growth | 5.5% | 6.5% | 7.5% | 18.2% | 1.0% | Raised | Guidance: 5.5% for 2026 |
| 2026 Operating Margin | 27.0% | 27.2% | 27.4% | 0.7% | 0.2% | Raised | Guidance: 27.0% for 2026 |
| 2026 EPS | 30.4 | 30.7 | 31 | 2.3% | Raised | Guidance: 30 for 2026 | |
Insider Activity
Updated 4/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Bracht, Berend | VP & Pres.- Motion Sys. Grp. | Direct | Sell | 2182026 | 1002.13 | 1,127 | 1,129,401 | 2,585,495 | Form |
| 2 | Bendali, Rachid | VP & Pres.- Eng. Mat. Grp. | Direct | Sell | 2182026 | 1006.74 | 412 | 414,777 | 2,732,292 | Form |
| 3 | Gentile, Thomas C | VP-Global Supply Chain | Direct | Sell | 2172026 | 1001.51 | 1,326 | 1,328,002 | 5,473,252 | Form |
| 4 | Hart, Mark J | EVP-HR & External Affairs | Direct | Sell | 2172026 | 1009.12 | 2,804 | 2,829,572 | 7,127,415 | Form |
| 5 | Scott, Patrick | VP & Pres.-Fluid Conn. | Direct | Sell | 2172026 | 983.06 | 833 | 818,889 | 3,396,472 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Bracht, Berend | VP & Pres.- Motion Sys. Grp. | Direct | Sell | 2182026 | 1002.13 | 1,127 | 1,129,401 | 2,585,495 | Form |
| 2 | Bendali, Rachid | VP & Pres.- Eng. Mat. Grp. | Direct | Sell | 2182026 | 1006.74 | 412 | 414,777 | 2,732,292 | Form |
| 3 | Gentile, Thomas C | VP-Global Supply Chain | Direct | Sell | 2172026 | 1001.51 | 1,326 | 1,328,002 | 5,473,252 | Form |
| 4 | Hart, Mark J | EVP-HR & External Affairs | Direct | Sell | 2172026 | 1009.12 | 2,804 | 2,829,572 | 7,127,415 | Form |
| 5 | Scott, Patrick | VP & Pres.-Fluid Conn. | Direct | Sell | 2172026 | 983.06 | 833 | 818,889 | 3,396,472 | Form |
| 6 | Ross, Andrew D | President & COO | Direct | Sell | 2132026 | 998.95 | 3,656 | 3,652,176 | 13,106,276 | Form |
| 7 | Ross, Andrew D | President & COO | Direct | Sell | 2132026 | 999.17 | 1,008 | 1,007,163 | 14,936,592 | Form |
| 8 | Leombruno, Todd M | EVP & CFO | Direct | Sell | 2132026 | 1002.34 | 2,062 | 2,066,815 | 20,658,125 | Form |
| 9 | Parmentier, Jennifer A | Chief Executive Officer | Direct | Sell | 2132026 | 996.66 | 4,706 | 4,690,288 | 47,219,819 | Form |
| 10 | Gentile, Thomas C | VP-Global Supply Chain | Direct | Sell | 2032026 | 941.31 | 2,376 | 2,236,546 | 5,144,243 | Form |
| 11 | Ives, Angela R | VP & Controller | Direct | Sell | 2032026 | 952.30 | 1,066 | 1,015,152 | 2,645,489 | Form |
| 12 | Ross, Andrew D | Chief Operating Officer | Direct | Sell | 12152025 | 894.26 | 1,539 | 1,376,261 | 12,581,294 | Form |
| 13 | Ross, Andrew D | Chief Operating Officer | Direct | Sell | 12152025 | 895.72 | 949 | 850,038 | 11,751,846 | Form |
| 14 | Reidy, Jay | VP & Pres.- Aerospace Grp. | Direct | Sell | 11142025 | 863.62 | 391 | 337,675 | 1,798,920 | Form |
| 15 | Bendali, Rachid | VP & Pres.- Eng. Mat. Grp. | Direct | Sell | 11142025 | 852.99 | 1,437 | 1,225,747 | 2,315,015 | Form |
| 16 | Bracht, Berend | VP & Pres.- Motion Sys. Grp. | Direct | Sell | 11142025 | 864.58 | 3,507 | 3,032,087 | 2,230,620 | Form |
| 17 | Verrier, James | Direct | Sell | 9042025 | 750.00 | 1,500 | 1,125,000 | 3,382,500 | Form | |
| 18 | Leonti, Joseph R | EVP, Gen Counsel & Secretary | Direct | Sell | 8272025 | 750.84 | 4,625 | 3,472,625 | 10,420,128 | Form |
| 19 | Parel, Dinu J | VP & Chief Digital & Info Off. | Direct | Sell | 8142025 | 741.14 | 1,103 | 817,477 | 4,842,609 | Form |
| 20 | Scott, Patrick | VP & Pres.-Fluid Conn. | Direct | Sell | 8122025 | 729.45 | 1,583 | 1,154,718 | 2,520,248 | Form |
| 21 | Bracht, Berend | VP & Pres.- Motion Sys. Grp. | Direct | Sell | 8122025 | 728.44 | 278 | 202,506 | 3,538,762 | Form |
| 22 | Gentile, Thomas C | VP-Global Supply Chain | Direct | Sell | 8122025 | 729.50 | 1,133 | 826,524 | 3,986,718 | Form |
| 23 | Hart, Mark J | EVP-HR & External Affairs | Direct | Sell | 8122025 | 730.22 | 2,257 | 1,648,107 | 5,157,544 | Form |
| 24 | Ives, Angela R | VP & Controller | Direct | Sell | 8122025 | 727.36 | 810 | 589,162 | 2,035,153 | Form |
| 25 | Jacobson, Matthew A | VP & Pres.-Filtration Grp. | Direct | Sell | 8122025 | 733.06 | 575 | 421,509 | 733,060 | Form |
| 26 | Malone, Robert W | VP | Direct | Sell | 8122025 | 730.66 | 2,257 | 1,649,100 | 4,286,052 | Form |
| 27 | Ross, Andrew D | Pres.& Chief Operating Officer | Direct | Sell | 8122025 | 732.66 | 4,361 | 3,195,110 | 9,612,437 | Form |
| 28 | Scaminace, Joseph | Joseph Scaminace Revocable Trust | Sell | 5302025 | 667.51 | 958 | 639,475 | 1,521,255 | Form | |
| 29 | Reidy, Jay | VP & Pres.-Aerospace Grp. | Direct | Sell | 5212025 | 675.62 | 497 | 335,783 | 1,407,316 | Form |
| 30 | Reidy, Jay | VP & Pres.-Aerospace Grp. | Direct | Sell | 5062025 | 620.37 | 150 | 93,056 | 1,292,231 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Industrial Machinery & Supplies & Components Resources |
| Machine Design |
| Modern Machine Shop |
| Industrial Equipment News (IEN) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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