Parker-Hannifin (NYSE:PH) Releases Earnings Results, Beats Expectations By $0.54 EPS

Parker-Hannifin (NYSE:PH) released its quarterly earnings data on Thursday. The industrial products company reported $7.65 earnings per share for the quarter, topping the consensus estimate of $7.11 by $0.54, FiscalAI reports. Parker-Hannifin had a net margin of 18.17% and a return on equity of 27.23%.

Here are the key takeaways from Parker-Hannifin’s conference call:

• Parker reported a record Q2 — $5.2B sales, 6.6% organic growth, 150 bps segment margin expansion to 27.1%, adjusted EPS of $7.65 (+17%), operating cash flow of $1.6B, and a record backlog of $11.7B.
• Management raised full‑year guidance — organic growth to 4–6% (5% midpoint), reported sales to 5.5–7.5%, adjusted EPS to a $30.70 midpoint, adjusted segment margin to 27.2%, and free cash flow to $3.2–$3.6B with conversion >100%.
• Parker announced the acquisition of Filtration Group, expects close in 6–12 months, plans to capture about $220M of cost synergies by year three, expand filtration aftermarket share, and expects the deal to be accretive to growth, margins, EPS, and cash flow.
• Aerospace was a major driver — record Q2 sales of $1.7B, ~13.5% organic growth, a 30.2% segment margin, orders +14% and a record aerospace backlog of ~$8B, led by commercial OEM and aftermarket strength.
• Orders were strong (+9%) and positive across all businesses, improving visibility, but management notes the company is more long‑cycle today (more aerospace/filtration/engineering materials), so conversion timing from backlog to revenue remains uneven.

Parker-Hannifin Trading Up 3.6%

Shares of Parker-Hannifin stock opened at $949.49 on Friday. The stock has a market cap of $119.81 billion, a P/E ratio of 33.83, a P/E/G ratio of 3.19 and a beta of 1.25. The company has a quick ratio of 0.61, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. Parker-Hannifin has a 12-month low of $488.45 and a 12-month high of $965.00. The business’s 50 day moving average is $895.47 and its 200-day moving average is $804.72.

Parker-Hannifin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 6th will be paid a dividend of $1.80 per share. The ex-dividend date is Friday, February 6th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 0.8%. Parker-Hannifin’s dividend payout ratio is currently 25.65%.

More Parker-Hannifin News

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

• Positive Sentiment: Q2 beat on both EPS and sales — adjusted EPS of $7.65 (beat consensus ~$7.11) and revenue of $5.17B (vs. ~$5.07B); organic sales +6.6% and record quarterly sales, supporting improved operating leverage. Parker Reports Fiscal 2026 Second Quarter Results
• Positive Sentiment: Company raised full‑year fiscal 2026 guidance — EPS $30.40–31.00 (slightly above consensus) and revenues $20.9B–$21.3B; management cited sustained aerospace momentum as a driver. Parker-Hannifin raises annual profit forecast on aerospace parts demand
• Positive Sentiment: Margin expansion and aerospace demand highlighted as durable contributors to growth and profitability — management emphasized margin improvement led by pricing, productivity and mix. Parker Hannifin Raises Outlook On Aerospace Momentum
• Neutral Sentiment: Analyst activity is mixed — Stifel lifted its price target to $941 (from $869) but kept a Hold rating, reflecting some skepticism despite the strong run-up. Stifel Revises Parker-Hannifin (PH) Outlook in Diversified Industrials Review
• Neutral Sentiment: Full earnings materials (call transcript, slide deck) are available for deeper review — useful for confirming sustainability of aerospace trends and margin drivers. Parker-Hannifin Corporation (PH) Q2 2026 Earnings Call Transcript
• Negative Sentiment: GAAP net income fell year-over-year (about an 11% decline) due to a one‑time divestiture gain in the prior-year period — investors should focus on adjusted results but note the headline volatility. Parker Reports Fiscal 2026 Second Quarter Results

Insider Buying and Selling

In other Parker-Hannifin news, VP Berend Bracht sold 3,507 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $864.58, for a total transaction of $3,032,082.06. Following the sale, the vice president directly owned 2,580 shares of the company’s stock, valued at approximately $2,230,616.40. This represents a 57.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Rachid Bendali sold 1,437 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the transaction, the vice president owned 2,714 shares in the company, valued at $2,315,014.86. This represents a 34.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 7,432 shares of company stock worth $6,484,116. 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 added to or reduced their stakes in the stock. Alliancebernstein L.P. raised its position in shares of 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 period. Freestone Grove Partners LP acquired a new position in Parker-Hannifin in the 3rd quarter valued at about $86,046,000. Northwestern Mutual Wealth Management Co. raised its holdings in Parker-Hannifin by 0.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 69,146 shares of the industrial products company’s stock valued at $52,423,000 after acquiring an additional 527 shares during the period. Balyasny Asset Management L.P. lifted its position in Parker-Hannifin by 199.2% during the third quarter. Balyasny Asset Management L.P. now owns 65,619 shares of the industrial products company’s stock worth $49,749,000 after acquiring an additional 43,690 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of Parker-Hannifin by 4.9% during the third quarter. CANADA LIFE ASSURANCE Co now owns 64,364 shares of the industrial products company’s stock worth $48,526,000 after acquiring an additional 2,979 shares during the period. 82.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Industrial Alliance Securities set a $1,032.00 price target on shares of Parker-Hannifin in a report on Thursday. Morgan Stanley reiterated a “positive” rating on shares of Parker-Hannifin in a report on Wednesday, January 14th. JPMorgan Chase & Co. increased their price target on Parker-Hannifin from $1,050.00 to $1,083.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. KeyCorp reiterated an “overweight” rating on shares of Parker-Hannifin in a report on Friday. Finally, BNP Paribas Exane started coverage on Parker-Hannifin in a research note on Thursday, December 4th. They set an “outperform” rating and a $1,020.00 target price for the company. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $956.05.

Parker-Hannifin Company Profile

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.