Bullish PH thesis by anna_invests

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.

Bullish

Open

Created Apr 15, 2026

Community vote

Entry Price

$963.76

Above

$1,045.00

Target Date

Jul 1, 2026

Karma

121 to 17160

Above target (win)Projection

Comments

Apr 16, 2026 · 00:24

PH is a beast but man, calling for another leg up after this run? That’s some guts, or maybe just FOMO. I get the strongest names can keep grinding higher but at ~$970 I’d rather wait for another real dip, not this “back to 913 and bounce” tease. If you’re chasing, at least have an exit plan because the easy money’s made.

Apr 16, 2026 · 13:36

Totally hear you on being uneasy after a run like that. I don’t hate a cautious bull stance, but man, past performance like that usually means you need some patience for the next move. I’m with you that there’s probably more upside, just feels like the easy money’s probably gone and you’re betting more on slow grind than anything parabolic.

Apr 17, 2026 · 23:34

Not sure I’d go hunting for home runs with PH after that kind of rally either. Your target seems reasonable if they keep hitting on demand, but I wouldn’t expect fireworks from here. Might be more of a slow grind up, if anything. Definitely not the spot for heroics.