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

Parker-Hannifin (NYSE:PH) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 29.600-30.400 for the period, compared to the consensus earnings per share estimate of 29.110. The company issued revenue guidance of $20.6 billion-$21.2 billion, compared to the consensus revenue estimate of $20.7 billion. Parker-Hannifin also updated its FY 2026 guidance to 29.600-30.400 EPS.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PH shares. Deutsche Bank Aktiengesellschaft cut Parker-Hannifin from a “buy” rating to a “hold” rating and set a $809.00 price objective on the stock. in a report on Thursday, September 4th. Truist Financial upped their target price on Parker-Hannifin from $822.00 to $910.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Susquehanna lifted their target price on shares of Parker-Hannifin from $860.00 to $960.00 and gave the stock a “positive” rating in a report on Friday. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a research report on Saturday, September 20th. Finally, Stifel Nicolaus cut their price target on Parker-Hannifin from $726.00 to $723.00 and set a “hold” rating for the company in a research note on Monday, October 20th. Twelve equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $800.24.

Parker-Hannifin Price Performance

PH stock opened at $843.39 on Friday. The firm has a market capitalization of $106.73 billion, a P/E ratio of 30.70, a price-to-earnings-growth ratio of 3.21 and a beta of 1.37. Parker-Hannifin has a 52 week low of $488.45 and a 52 week high of $851.86. The company has a fifty day simple moving average of $756.80 and a two-hundred day simple moving average of $710.40. The company has a quick ratio of 0.71, a current ratio of 1.19 and a debt-to-equity ratio of 0.55.

Parker-Hannifin (NYSE:PH) last issued its quarterly earnings results on Thursday, November 6th. The industrial products company reported $7.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.62 by $0.60. Parker-Hannifin had a return on equity of 26.80% and a net margin of 17.79%.The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same period last year, the company earned $6.20 earnings per share. Parker-Hannifin’s revenue was up 3.7% on a year-over-year basis. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. Analysts anticipate that Parker-Hannifin will post 26.71 earnings per share for the current fiscal year.

Parker-Hannifin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be paid a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, November 7th. Parker-Hannifin’s dividend payout ratio is currently 26.55%.

Insider Buying and Selling at Parker-Hannifin

In related news, EVP Joseph R. Leonti sold 4,625 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $750.84, for a total value of $3,472,635.00. Following the transaction, the executive vice president owned 13,878 shares of the company’s stock, valued at $10,420,157.52. This represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.32% of the company’s stock.

Hedge Funds Weigh In On Parker-Hannifin

A number of hedge funds and other institutional investors have recently modified their holdings of PH. Alliancebernstein L.P. grew its stake in Parker-Hannifin by 22.9% in the second quarter. Alliancebernstein L.P. now owns 459,326 shares of the industrial products company’s stock valued at $320,825,000 after purchasing an additional 85,445 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Parker-Hannifin by 2.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 60,126 shares of the industrial products company’s stock valued at $41,996,000 after acquiring an additional 1,570 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Parker-Hannifin by 6.2% in the second quarter. MML Investors Services LLC now owns 55,757 shares of the industrial products company’s stock worth $38,945,000 after acquiring an additional 3,276 shares during the period. Man Group plc raised its holdings in shares of Parker-Hannifin by 481.0% during the second quarter. Man Group plc now owns 50,197 shares of the industrial products company’s stock worth $35,061,000 after purchasing an additional 41,557 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in Parker-Hannifin by 54.6% during the second quarter. Quantinno Capital Management LP now owns 23,630 shares of the industrial products company’s stock valued at $16,505,000 after purchasing an additional 8,347 shares during the period. 82.44% of the stock is currently owned by institutional investors.

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.