Parker-Hannifin Corporation
- Open
- 951.95
- Day high
- 953.98
- Day low
- 946.12
- Prev close
- 949.38
- Volume
- 30K
- Mkt cap
- $119.5B
- P/E (TTM)
- 32.8
- EPS (TTM)
- $28.90
- P/B
- 7.8
- P/S
- 5.6
- Yield
- 0.80%
- Per share
- $7.60
- ▼Insiders net selling -$18.4M over the last 3 months (0 open-market buys, 16 sales)
- 🏛Institutions mixed (13F)
Parker-Hannifin Corporation (PH) is a Industrials company listed on NYSE. The stock is up 27% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 16 sales (SEC Form 4). Drillr has 1 published research article covering PH.
Parker-Hannifin Corporation (PH) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 8 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PH earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 6, 2026 | $8.32 | $9.27 | +11.4% | $5.8B | +3.3% |
| Apr 30, 2026 | $7.84 | $8.17 | +4.2% | $5.5B | +1.9% |
| Jan 29, 2026 | $7.16 | $7.65 | +6.8% | $5.2B | +2.4% |
| Nov 6, 2025 | $6.62 | $7.22 | +9.0% | $5.1B | +2.9% |
| Aug 7, 2025 | $7.10 | $7.69 | +8.3% | $5.2B | +2.4% |
| May 1, 2025 | $6.73 | $6.94 | +3.2% | $5.0B | -0.7% |
| Jan 30, 2025 | $6.24 | $6.53 | +4.6% | $4.7B | -1.6% |
| Oct 31, 2024 | $6.16 | $6.20 | +0.7% | $4.9B | -0.1% |
| Aug 8, 2024 | $6.24 | $6.77 | +8.5% | $5.2B | +1.6% |
| May 2, 2024 | $6.17 | $6.51 | +5.4% | $5.1B | -0.6% |
| Feb 1, 2024 | $5.27 | $6.15 | +16.7% | $4.8B | -0.8% |
| Nov 2, 2023 | $5.31 | $5.96 | +12.2% | $4.8B | -0.8% |
PH insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 28, 2026 | Bracht Berendofficer: VP & Pres.- Motion Sys. Grp. | Option | 1,500 | $299.19 |
| Aug 28, 2026 | Bracht Berendofficer: VP & Pres.- Motion Sys. Grp. | Tax | 898 | $1039.59 |
| Aug 28, 2026 | Bracht Berendofficer: VP & Pres.- Motion Sys. Grp. | Sell | 602 | $1040.47 |
| Aug 21, 2026 | Leonti Joseph Rofficer: EVP, Gen Counsel & Secretary | Grant | 3,536 | $1023.25 |
| Aug 21, 2026 | Hart Mark Jofficer: EVP-HR & External Affairs | Grant | 3,241 | $1023.25 |
| Aug 21, 2026 | Scott Patrickofficer: VP & Pres-Fluid Conn. Grp. | Grant | 3,536 | $1023.25 |
| Aug 21, 2026 | Gentile Thomas Cofficer: VP-Global Supply Chain | Grant | 1,621 | $1023.25 |
| Aug 21, 2026 | Czaja Mark Tofficer: VP-Chief Tech&Innovation Off. | Grant | 2,357 | $1023.25 |
| Aug 21, 2026 | Ross Andrew Dofficer: Chief Operating Officer | Grant | 6,777 | $1023.25 |
| Aug 21, 2026 | Parmentier Jennifer Adirector, officer: Chief Executive Officer | Grant | 22,098 | $1023.25 |
| Aug 21, 2026 | Bracht Berendofficer: VP & Pres - Motion Sys. Grp. | Grant | 3,241 | $1023.25 |
| Aug 21, 2026 | Reidy Jayofficer: VP & President-Aerospace Grp. | Grant | 3,536 | $1023.25 |
| Aug 21, 2026 | Jacobson Matthew A.officer: VP & Pres-Filtration Grp. | Grant | 3,241 | $1023.25 |
| Aug 21, 2026 | Ives Angela Rofficer: VP & Controller | Grant | 1,016 | $1023.25 |
| Aug 21, 2026 | Leombruno Todd M.officer: EVP & CFO | Grant | 5,745 | $1023.25 |
Source: PH SEC Form 4 filings, latest Aug 28, 2026. For informational purposes only — not investment advice.
See the full PH insider & 13F page →Parker-Hannifin Corporation company profile
Overview
Parker-Hannifin Corporation (NYSE:PH) is a Fortune 250 global leader in motion and control technologies, founded in 1917 and headquartered in Cleveland, Ohio. The company has evolved from a small pneumatic brake manufacturer into one of the world's largest diversified manufacturers of motion and control systems, serving mobile, industrial, and aerospace markets worldwide. Parker-Hannifin operates through a decentralized structure of 85 divisions across two primary segments: Diversified Industrial and Aerospace Systems. The company has undergone significant strategic transformation in recent years, including the major acquisition of Meggitt in 2022, positioning itself to capitalize on secular growth trends in aerospace, electrification, and clean technologies.
Business
Parker-Hannifin operates in the motion and control technologies industry, which encompasses the design and manufacture of systems that enable precise movement, force transmission, and fluid control across various applications. The company's products are essential components that make machines and equipment function reliably across diverse industries. The company operates through two main business segments: 1. Diversified Industrial Segment (approximately 70% of revenue): This segment manufactures a comprehensive range of motion and control components including hydraulic systems (which use pressurized fluid to generate power), pneumatic systems (which use compressed air), electromechanical components (which convert electrical energy to mechanical motion), sealing and shielding products, filtration systems, and fluid connectors. These products serve as critical components in manufacturing equipment, construction machinery, agricultural equipment, transportation vehicles, and industrial processing systems. The segment sells primarily to original equipment manufacturers (OEMs) who integrate these components into their machines, as well as to distributors who serve the replacement parts market. 2. Aerospace Systems Segment (approximately 30% of revenue): This segment produces specialized components for commercial and military aircraft, including flight control systems, fuel systems, hydraulic systems, engine components, landing gear systems, and environmental control systems. These products are engineered to meet the stringent safety, reliability, and performance requirements of the aerospace industry. The segment serves both the original equipment market (new aircraft production) and the aftermarket (maintenance, repair, and overhaul services for existing aircraft). The company's products are fundamental to the operation of everything from factory automation systems and construction equipment to commercial aircraft and military vehicles, making Parker-Hannifin a critical supplier across multiple industrial sectors.
Revenue model
Parker-Hannifin generates revenue primarily through product sales to original equipment manufacturers and distributors, operating on a traditional manufacturing business model. The company's customers include major industrial equipment manufacturers, aerospace companies like Boeing and Airbus, and a vast network of distributors who serve the replacement parts market. The company's revenue streams break down into several categories: approximately 60% comes from original equipment sales to manufacturers who integrate Parker's components into new machinery and equipment, while about 40% derives from aftermarket sales including replacement parts, maintenance, and repair services. The aerospace segment particularly benefits from a strong aftermarket component, as aircraft require regular maintenance and parts replacement throughout their operational lives. Several factors influence Parker-Hannifin's profitability and margins. Positive margin drivers include the company's focus on higher-margin aerospace and secular growth markets, operational efficiency improvements through their "Win Strategy" program, pricing power in specialized applications, and strong aftermarket demand which typically carries higher margins than original equipment sales. The company has demonstrated consistent margin expansion, achieving record segment operating margins of over 26% in recent quarters. Margin pressures can arise from raw material cost inflation, supply chain disruptions, competitive pricing in commodity-like products, economic downturns that reduce industrial demand, and the cyclical nature of certain end markets like construction and off-highway equipment. The company's decentralized structure with 85 divisions allows for quick adaptation to market changes, but also requires careful coordination to maintain efficiency. Currency fluctuations also impact international operations, though the company's global manufacturing footprint provides some natural hedging.
Competitive moat
Parker-Hannifin possesses a moderately strong competitive moat built on several interconnected advantages. The company's primary moat stems from its mission-critical product positioning - many of Parker's components are essential for the safe and reliable operation of expensive equipment and aircraft, creating high switching costs for customers who prioritize reliability over price. This is particularly pronounced in aerospace applications where extensive certification processes and safety requirements create significant barriers to supplier changes. The company benefits from scale advantages through its global manufacturing footprint and extensive distribution network, allowing it to serve customers locally while leveraging global procurement and engineering capabilities. Parker's technological expertise across eight core technologies (hydraulics, pneumatics, electromechanical, filtration, sealing, climate control, process control, and aerospace) creates cross-selling opportunities and makes it a preferred single-source supplier for complex applications. However, Parker's moat faces several challenges. The company operates in mature industrial markets where many products have become commoditized, limiting pricing power in certain segments. Competition comes from both large diversified competitors like Bosch Rexroth and Eaton, as well as specialized niche players who can undercut pricing in specific product categories. The rise of digital technologies and automation presents both opportunities and threats, as traditional mechanical systems may be displaced by electronic alternatives. The company's decentralized structure, while providing flexibility, can also limit economies of scale and coordination benefits. Additionally, Parker's exposure to cyclical industrial markets means that competitive dynamics can shift significantly during economic downturns when price competition intensifies. The moat is strongest in aerospace and specialized industrial applications, but weaker in more commoditized product lines.
Risks & safety
Parker-Hannifin demonstrates a moderate margin of safety with generally solid financial fundamentals, though some metrics warrant attention. • Liquidity and Solvency: Current ratio of 1.21 indicates adequate short-term liquidity, though below the ideal 1.5x threshold. Cash position of $409 million is relatively modest for a company of this size. Debt-to-equity ratio of 0.70 represents manageable leverage, significantly improved from over 1.2x in prior years following debt reduction efforts. • Cash Flow Strength: Strong operating cash flow of $2.3 billion year-to-date and free cash flow of $542 million in Q3 2025 demonstrate solid cash generation capabilities. The company has historically maintained strong cash conversion. • Valuation Metrics: Trading at 20.4x P/E ratio and 16.6x EV/EBITDA, representing reasonable but not cheap valuations for an industrial company. Price-to-book ratio of 5.8x appears elevated, reflecting market premium for the company's market position. • Other Considerations: Strong return on equity of 7.2% and consistent profitability provide stability. The company's diversified end markets and strong aerospace exposure offer some defensive characteristics, though industrial cyclicality remains a concern.
Recent development
Parker-Hannifin has undergone significant strategic transformation over the past several years, centered on portfolio optimization and positioning for secular growth trends. The company's most significant move was the $8.8 billion acquisition of Meggitt in 2022, which substantially expanded its aerospace capabilities and increased aerospace exposure from approximately 20% to 30% of total revenue. The company has been actively reshaping its portfolio toward longer-cycle, higher-margin businesses, targeting 85% of its portfolio in longer-cycle secular and aftermarket businesses by FY2029. This includes divesting shorter-cycle, more commoditized businesses like the North American composites operation while investing in aerospace, clean technologies, and electrification opportunities. Operational excellence initiatives have been central to recent performance, with the company's "Win Strategy 3.0" driving consistent margin expansion. The company has achieved record segment operating margins exceeding 26%, demonstrating successful execution of operational improvements including supply chain optimization, productivity enhancements, and cost management. The company has maintained a disciplined approach to capital allocation, reducing debt by $3.4 billion since the Meggitt acquisition while continuing to invest in growth opportunities. Management has indicated an active M&A pipeline focused on deals that are accretive to growth, margins, and earnings per share, emphasizing strategic fit over size. Market positioning efforts have focused on capitalizing on secular trends including aerospace recovery, electrification, digital transformation, and clean technologies. The aerospace segment has shown particular strength with double-digit growth rates, while the company has navigated industrial market softness through operational flexibility and cost management.
PH company profile · for informational purposes only — not investment advice.
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