Parker-Hannifin (NYSE:PH) Issues Quarterly Earnings Results, Beats Expectations By $0.33 EPS

Parker-Hannifin (NYSE:PH) issued its quarterly earnings results on Thursday. The industrial products company reported $8.17 earnings per share for the quarter, topping the consensus estimate of $7.84 by $0.33, FiscalAI reports. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same period in the prior year, the firm earned $6.94 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Parker-Hannifin updated its FY 2026 guidance to 31.200-31.200 EPS.

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

• Parker delivered a record Q3 with $5.5 billion in sales, 6.5% organic growth, 26.7% adjusted segment operating margin, adjusted EPS of $8.17 (up 18%), and adjusted net income above $1 billion.
• Management raised FY‑2026 guidance — organic growth midpoint to 5.5%, aerospace organic to 12%, full‑year adjusted EPS to $31.20, adjusted segment operating margin to 27.2%, and free cash flow to $3.3–$3.6 billion.
• Orders remained strong at +9% with a record company backlog of $12.5 billion (aerospace backlog $8.4 billion), while industrial orders have been positive for six consecutive quarters, supporting sustained demand.
• The Filtration Group acquisition is progressing with integration planning underway and a targeted $220 million of synergies by year 3, but closing is subject to regulatory approvals and will modestly increase leverage until de‑levering occurs.
• Cash generation and capital returns remain robust — YTD operating cash flow of $2.6 billion, YTD free cash flow of $2.3 billion, an 11% dividend increase to $2.00 per quarter, and $825 million of share repurchases YTD.

Parker-Hannifin Stock Performance

PH stock traded down $27.69 during trading on Friday, reaching $881.74. The stock had a trading volume of 1,607,870 shares, compared to its average volume of 583,940. Parker-Hannifin has a 52 week low of $608.31 and a 52 week high of $1,034.96. The stock’s 50 day moving average is $948.12 and its two-hundred day moving average is $900.79. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46. The firm has a market cap of $111.29 billion, a PE ratio of 32.16, a PEG ratio of 2.92 and a beta of 1.25.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 8th will be issued a $2.00 dividend. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. This represents a $8.00 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, May 8th. Parker-Hannifin’s dividend payout ratio is currently 29.18%.

Trending Headlines about Parker-Hannifin

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

• Positive Sentiment: Q3 beat and raised outlook — Adjusted EPS of $8.17 (+18% YoY) and record quarterly revenue (~$5.5B). Management lifted FY‑2026 adjusted EPS guidance to $31.20, signaling continued demand and execution. Parker Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Record backlog and aerospace strength — Backlog hit $12.5B and aerospace organic growth/expanding margins were highlighted as the primary tailwinds supporting near‑term revenue visibility. Parker Hannifin Backlog Hits Record $12.5 Billion, Lifts Outlook
• Positive Sentiment: Cash generation & buybacks/dividend — Year‑to‑date operating cash flow remains strong (record), the company repurchased ~$275M in the quarter and raised its dividend (70th consecutive hike), supporting shareholder returns. Parker Reports Fiscal 2026 Third Quarter Results
• Neutral Sentiment: Analyst coverage remains constructive — Multiple buy/overweight ratings and a median price target around $1,038 suggest upside among sell‑side analysts, which can limit downside but also set high expectations. Parker-Hannifin Stock (PH) Opinions on Q3 Earnings Beat
• Neutral Sentiment: Institutional flows mixed — Large asset managers trimmed positions while other funds added; this rebalancing increases intra‑day volume and can amplify moves without signaling a clear directional consensus. Parker-Hannifin Stock (PH) Opinions on Q3 Earnings Beat
• Negative Sentiment: Sell‑the‑news reaction — Despite beats, shares fell after the print as investors digested that the raise wasn’t a major upside surprise and that GAAP net income/EPS fell vs. prior year (prior quarter included a discrete tax benefit). Parker-Hannifin shares slide as investors digest Q3 results and a raised—but not blowout—full-year outlook
• Negative Sentiment: Heavy insider selling — Public filings show no insider purchases and numerous sales by senior executives in recent months; that can spook momentum traders even if sales may be for diversification or tax planning. Parker-Hannifin Stock (PH) Opinions on Q3 Earnings Beat
• Negative Sentiment: Guidance details mixed — Adjusted EPS guidance slightly above consensus but revenue guidance (~$21.2B) was roughly in line or slightly below some street models; not a clear upward re‑rating catalyst. Parker-Hannifin Tops Q3 Earnings & Sales Estimates, Updates 26′ View

Insider Buying and Selling

In other Parker-Hannifin news, COO Andrew D. Ross sold 4,664 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $999.00, for a total value of $4,659,336.00. Following the transaction, the chief operating officer owned 13,120 shares of the company’s stock, valued at approximately $13,106,880. This represents a 26.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Dinu J. Parel sold 1,316 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $950.05, for a total value of $1,250,265.80. Following the completion of the transaction, the vice president directly owned 6,534 shares in the company, valued at $6,207,626.70. This trade represents a 16.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,063 shares of company stock valued at $9,891,214 in the last 90 days. Insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PH. Texas Capital Bancshares Inc TX bought a new position in shares of Parker-Hannifin in the third quarter worth about $25,000. Morse Asset Management Inc raised its stake in shares of Parker-Hannifin by 164.7% in the third quarter. Morse Asset Management Inc now owns 45 shares of the industrial products company’s stock worth $34,000 after buying an additional 28 shares during the period. Johnson Financial Group Inc. raised its stake in shares of Parker-Hannifin by 84.6% in the third quarter. Johnson Financial Group Inc. now owns 48 shares of the industrial products company’s stock worth $36,000 after buying an additional 22 shares during the period. State of Wyoming bought a new position in shares of Parker-Hannifin in the second quarter worth about $38,000. Finally, Strive Asset Management LLC bought a new position in shares of Parker-Hannifin in the third quarter worth about $38,000. Institutional investors own 82.44% of the company’s stock.

Analyst Upgrades and Downgrades

PH has been the topic of a number of recent research reports. iA Financial set a $1,032.00 target price on Parker-Hannifin in a research note on Thursday, January 29th. Robert W. Baird set a $1,050.00 price target on Parker-Hannifin in a report on Friday, January 30th. Wells Fargo & Company lowered their price target on Parker-Hannifin from $1,050.00 to $980.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. BMO Capital Markets initiated coverage on Parker-Hannifin in a report on Friday, March 27th. They set an “outperform” rating and a $1,090.00 price target on the stock. Finally, Morgan Stanley upped their price target on Parker-Hannifin from $945.00 to $1,038.00 and gave the company an “equal weight” rating in a report on Tuesday, February 24th. Seventeen equities research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,012.45.

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.