What Are Wall Street Analysts' Target Price for Parker-Hannifin Stock?

Core Insights - Parker-Hannifin Corporation (PH) has a market cap of $126.4 billion and operates in various sectors including aerospace, defense, industrial, transportation, energy, and HVAC and refrigeration [1] Stock Performance - Over the past 52 weeks, PH stock has increased by 44.4%, significantly outperforming the S&P 500 Index, which rose by 11.8% [2] - Year-to-date, shares of Parker-Hannifin have risen nearly 14%, while the S&P 500 Index has experienced a slight decline [2] - The company's stock has also outperformed the State Street Industrial Select Sector SPDR ETF (XLI), which returned 26.3% over the same period [3] Financial Performance - In Q2 2026, Parker-Hannifin reported an adjusted EPS of $7.65, exceeding Wall Street estimates, with record sales of $5.17 billion, reflecting a 9% year-over-year increase [6] - The company achieved an adjusted segment operating margin of 27.1%, with adjusted net income growing by 15% to $980 million, and order rates increasing by 9%, leading to a record backlog of $11.7 billion [6] - Full-year guidance has been raised, with adjusted EPS expected to be between $30.40 and $31, driven by strong aerospace demand and improving industrial markets [7] - Analysts project a 13.3% year-over-year growth in adjusted EPS for the fiscal year ending in June 2026, estimating it to reach $30.97 [7] Analyst Ratings - Among 24 analysts covering Parker-Hannifin, the consensus rating is a "Strong Buy," consisting of 17 "Strong Buy" ratings, one "Moderate Buy," and six "Holds" [8] - The current analyst configuration is more bullish compared to three months ago, which had 15 "Strong Buy" ratings [9]