Citigroup Increases Parker-Hannifin (NYSE:PH) Price Target to $1,232.00

Posted by George Bondi on Aug 7th, 2026

Parker-Hannifin (NYSE:PH – Get Free Report) had its target price increased by equities research analysts at Citigroup from $1,141.00 to $1,232.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Citigroup’s price target indicates a potential upside of 14.49% from the stock’s current price.

A number of other analysts have also recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Parker-Hannifin in a research report on Friday, July 17th. KeyCorp boosted their price target on shares of Parker-Hannifin from $1,100.00 to $1,210.00 and gave the company an “overweight” rating in a report on Friday. BMO Capital Markets restated an “outperform” rating and set a $1,214.00 price target on shares of Parker-Hannifin in a research report on Friday. Mizuho set a $1,050.00 target price on shares of Parker-Hannifin in a research note on Friday, May 1st. Finally, UBS Group restated a “buy” rating and issued a $1,250.00 target price on shares of Parker-Hannifin in a research report on Friday. Nineteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,080.18.

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Parker-Hannifin Stock Performance

Shares of Parker-Hannifin stock traded up $6.32 during trading hours on Friday, reaching $1,076.12. The company’s stock had a trading volume of 778,205 shares, compared to its average volume of 722,038. Parker-Hannifin has a one year low of $715.37 and a one year high of $1,099.94. The company’s 50 day simple moving average is $945.98 and its 200 day simple moving average is $940.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13. The stock has a market cap of $135.69 billion, a P/E ratio of 39.69, a price-to-earnings-growth ratio of 2.67 and a beta of 1.12.

Parker-Hannifin (NYSE:PH – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The industrial products company reported $9.27 earnings per share for the quarter, beating analysts’ consensus estimates of $8.26 by $1.01. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.57 billion. Parker-Hannifin had a net margin of 16.58% and a return on equity of 27.97%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.69 EPS. Parker-Hannifin has set its FY 2027 guidance at 34.250-35.250 EPS. As a group, analysts expect that Parker-Hannifin will post 31.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Parker-Hannifin

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC raised its position 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 buying an additional 101 shares in the last quarter. Bison Wealth LLC increased its stake in shares of Parker-Hannifin by 4.5% during the fourth quarter. Bison Wealth LLC now owns 749 shares of the industrial products company’s stock valued at $476,000 after acquiring an additional 32 shares during the period. Empowered Funds LLC raised its holdings in Parker-Hannifin by 0.5% during the first 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 in the last quarter. Acadian Asset Management LLC raised its holdings in Parker-Hannifin by 26.2% during the first 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 in the last quarter. Finally, Sivia Capital Partners LLC lifted its position in Parker-Hannifin by 3.6% in the second quarter. Sivia Capital Partners LLC now owns 430 shares of the industrial products company’s stock worth $300,000 after purchasing an additional 15 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Parker-Hannifin News Roundup

Here are the key news stories impacting Parker-Hannifin this week:

Positive Sentiment: Strong earnings beat: Fiscal Q4 sales rose 9.8% year over year to approximately $5.8 billion, while adjusted EPS reached a record $9.27, exceeding analyst estimates near $8.26-$8.29. Adjusted EPS increased 21% from $7.69 a year earlier. Parker-Hannifin Surpasses Q4 Earnings and Revenue Estimates
Positive Sentiment: Healthy operating momentum: Record backlog reached $12.8 billion, including $8.5 billion in aerospace, while orders increased across major segments. Parker also raised its long-term adjusted segment operating-margin target by 300 basis points to 30% by fiscal 2031. Parker-Hannifin Jumps After Record Q4 Results and Stronger FY27 Outlook
Positive Sentiment: Constructive fiscal 2027 outlook: Management projected adjusted EPS of $34.25-$35.25, above the roughly $34.09 consensus estimate, with reported and organic sales growth expected at 5.5%-8.5%, excluding pending acquisitions. Parker Reports Record Fiscal 2026 Fourth Quarter and Full Year Results
Positive Sentiment: Analyst confidence strengthened: Truist raised its target to $1,358 and assigned a “buy” rating; Susquehanna increased its target to $1,250 with a “positive” rating; and BNP Paribas Exane raised its target to $1,220 while reaffirming “outperform.”
Neutral Sentiment: Parker completed its Curtis Instruments acquisition and announced planned purchases of Filtration Group and CIRCOR’s Commercial and Defense Aerospace business, which could expand its portfolio but also introduce integration and execution risks.
Negative Sentiment: Reported data showed extensive insider selling over the past six months, with executives making no open-market purchases. Such sales may reflect compensation or diversification and were not tied to the quarterly results.

Parker-Hannifin Company Profile

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Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.