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PH · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Parker-Hannifin Corporation (PH) stock moving?
Parker-Hannifin's fiscal Q1 2027 report on Nov 5 was a clear beat: adjusted EPS of $8.90 versus $8.19 expected and sales of $5.99B versus $5.74B, with a record backlog and higher margins. The company raised FY27 adjusted EPS guidance to $36.45-$37.25 and sales guidance to $24.94B-$25.58B, both above consensus, and completed the Filtration Group acquisition with a 30% EBITDA target for 2030. GAAP EPS guidance was lowered to $29.65-$30.45, below the $31.32 estimate, which tempers the upgrade. The stock sold off intraday on Nov 5, trading as low as $890.42 on 1.78M shares, the heaviest volume in the window, and closed at $892.29. It then recovered steadily to $965.17 on Nov 10, about 8% above that close, on moderating volume. Analysts remain constructive but are trimming targets: Evercore keeps Outperform at $1,200, Truist keeps Buy at $1,237 (from $1,358), Goldman lowered to $1,114 (from $1,165), and Stifel holds at $1,002. Every target sits above the current price. The $2.00 quarterly dividend declared Oct 28 and record fiscal 2026 sales above $20B add support. Key risks are the GAAP guidance cut, the target reductions and the earnings-day reversal.
News behind the analysis
- Evercore ISI Group Maintains Outperform on Parker Hannifin, Lowers Price Target to $1200Evercore ISI kept its Outperform rating on Parker-Hannifin but cut its price target to $1,200. The stock closed at $965.17 on Nov 10, below that target.
- Stifel Maintains Hold Rating on Parker-HannifinStifel analyst Nathan Jones maintained a Hold rating with a $1,002 price target on Parker-Hannifin. That target sits about 4% above the Nov 10 close.
- Goldman Sachs Adjusts Price Target on Parker-HannifinGoldman Sachs lowered its price target on Parker-Hannifin from $1,165 to $1,114. The cut follows the Q1 report.
- Parker-Hannifin to Present at Robert W. Baird Global Industrial ConferenceParker-Hannifin is scheduled to present at the Robert W. Baird Global Industrial Conference in Chicago on Nov 10, 2026.
- Truist Securities Adjusts Price Target on Parker-Hannifin to $1,237 From $1,358, Keeps Buy RatingTruist cut its price target on Parker-Hannifin from $1,358 to $1,237 and kept its Buy rating. The change came after the earnings report.
- Parker Hannifin Beats Q1, Raises Outlook; Filtration Deal Targets 30% EBITDA by 2030Q1 earnings beat estimates on strong demand, record backlog and higher margins, supporting a raised FY27 outlook. The company also targets 30% EBITDA by 2030 from its Filtration deal.
- Parker-Hannifin Reports Record Fiscal 2027 First Quarter Results and Acquisition of Filtration Group CorporationParker-Hannifin reported record fiscal Q1 2027 sales of $6.0 billion and confirmed completion of its Filtration Group acquisition. The company raised its full-year outlook.
- Parker Hannifin Raises FY2027 Adj EPS Guidance from $34.25-$35.25 to $36.45-$37.25 vs $35.55 Est; Raises FY2027 Sales Guidance from $22.681B-$23.326B to $24.939B-$25.584B vs $24.352B EstAdjusted EPS guidance was raised to $36.45-$37.25 and sales guidance to $24.939B-$25.584B, both above consensus. Q1 adjusted EPS of $8.90 beat the $8.19 estimate.
- Parker Hannifin Lowers FY2027 GAAP EPS Guidance from $30.00-$31.00 to $29.65-$30.45 vs $31.32 EstGAAP EPS guidance was narrowed lower to $29.65-$30.45, below the $31.32 consensus. This offsets part of the adjusted guidance raise.
- Parker-Hannifin Reports Record Fiscal 2026 Sales and Executive Leadership ChangesParker-Hannifin reported record fiscal 2026 sales above $20 billion and reached its 2029 adjusted segment margin target early. The release also announced executive and board transitions.
About Parker-Hannifin Corporation
Parker-Hannifin, based in Cleveland, makes motion and control technology: hydraulics, pneumatics, filtration, seals, fluid connectors and aerospace systems used in industrial equipment and aircraft. It is one of the largest companies in this field, with record sales of about $21.5 billion in fiscal 2026. It also has a long record of growing through acquisitions, most recently Filtration Group, which closed in late 2026.
How it makes money
Parker sells components and systems to equipment makers and to aftermarket and distribution customers. It reports two segments. Diversified Industrial is split into North America and International and brings in roughly two-thirds of sales from markets like factories, off-highway vehicles, transportation and energy. Aerospace Systems brings in roughly one-third, from sales of flight control, hydraulic, fuel and engine parts to commercial and defense aircraft makers, plus higher-margin aftermarket parts and repairs.
What usually moves PH
- Industrial production and factory activity cycles
- Commercial aircraft build rates and aftermarket demand
- Defense spending
- Acquisitions and how well they are integrated
- Operating margin gains and order backlog trends