PH - Parker-Hannifin Corp

NYSE · Industrials · Specialty Industrial Machinery

$988.80

Market Closed

End of day · Apr 17, 2026, 12:00 AM

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About

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; control solutions for extreme corrosion resistance, temperatures, pressures, and precise flow; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment. This segment sells its products to original equipment manufacturers (OEMs) and distributors who serve the replacement markets in manufacturing, packaging, processing, transportation, construction, refrigeration and air conditioning, agricultural, and military machinery and equipment industries. The Aerospace Systems segment offers products for use in commercial and military airframe and engine programs, such as control actuation systems and components, engine build-up ducting, engine exhaust nozzles and assemblies, engine systems and components, fluid conveyance systems and components, fuel systems and components, fuel tank inerting systems, hydraulic systems and components, lubrication components, pilot controls, pneumatic control components, thermal management products, and wheels and brakes, as well as fluid metering, delivery, and atomization devices. This segment markets its products directly to OEMs and end users. The company markets its products through direct-sales employees, independent distributors, and sales representatives. The company was founded in 1917 and is headquartered in Cleveland, Ohio.

https://www.parker.com

PH - Parker-Hannifin Corp

Industrials

PH has been a real workhorse looking at the past year. The climb from around 568 to almost 970 was not what I expected twelve months ago. Lately though, after peaking over 1000, it's cooled off and dipped closer to 913 before coming back a bit. That’s a huge run and I get the appeal, but it makes me a little uneasy about chasing up here. My take is mildly bullish, with a target at 1045.00. I see room for another leg up, just not at the same pace we’ve seen. There’s still strong demand in its end markets, and PH’s execution has been impressive, especially around margins and order book strength. One thing I appreciate is their discipline on costs, and the integration of recent acquisitions seems to be moving smoothly so far which could still drive upside. What gives me pause is the valuation. The multiple is stretched compared to historic averages for this industry, and after such a steep run, I can’t shake the thought that expectations are getting high. Any slip especially a guide down or slowdown in orders could knock the stock back quickly. Supply chain risks haven’t disappeared entirely either. The next couple of quarters are the big catalyst for me. If management delivers another beat and raise, especially with industrial demand holding up, I think the market might reward PH with a higher ceiling. But I’m not sure I’d go all in at this level. I’d size this carefully and keep an eye on earnings for any cracks in the story.

Entry

$963.76

Above

$1,045.00

Jul 1, 2026

Karma

121 to 17160

Bullish

Open

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