olivLaw · US equity research
Parker-Hannifin Corporation PH
Miscellaneous Fabricated Metal Products · SIC 3490 · Vertical: Miscellaneous Fabricated Metal Products (SIC 3490)
Parker-Hannifin is a global leader in motion and control technologies, designing and manufacturing highly engineered components for aerospace, industrial, transport and energy markets. Net sales reached a record 21.5 billion USD in fiscal 2026, and the company has set higher margin targets for the coming years.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Parker-Hannifin Corporation (PH) stock was 910.19 USD (−3.68% on the day), with market capitalisation 114.7 bn USD, P/E 32.0 on diluted EPS of 28.48 USD over the last 12 months, dividend yield 0.81%, beta 1.21, 52-week range 774.15–1,073.87 USD. Latest reported quarter (Q4 2026): revenue of 5.8 bn USD (+9.8% YoY), net income of 1.1 bn USD (+18.3% YoY), diluted EPS 8.54 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 44.1
- weak (30–45)
- Bollinger (20, 2)
- 879.50 – 987.79
- in the lower half of the band · %B 0.28 · band width 11.6%
- SMA 50 / 200
- 951.05 / 948.96
- mixed trend
- MACD (12, 26, 9)
- -11.86 / -12.42
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −6.7% | −1.1% | −5.6 pp | — |
| 3 months | −8.7% | −0.5% | −8.2 pp | — |
| 6 months | +0.8% | +4.4% | −3.6 pp | — |
| Year to date | +3.6% | +12.3% | −8.8 pp | — |
| 1 year | +18.4% | +13.5% | +4.8 pp | +9.4% |
| 3 years | +126.9% | +76.4% | +50.5 pp | +76.9% |
| 5 years | +179.4% | +63.7% | +115.7 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q4 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.9 bn | 4.7 bn | 5.0 bn | 5.2 bn | 5.1 bn | 5.2 bn | 5.5 bn | 5.8 bn |
| Cost of revenue | 3.1 bn | 3.0 bn | 3.1 bn | 3.3 bn | 3.2 bn | 3.2 bn | 3.5 bn | 3.5 bn |
| SG&A | 849.0 m | 782.0 m | 785.0 m | 839.0 m | 873.0 m | 837.0 m | 884.0 m | 874.0 m |
| Operating income | 1.1 bn | 992.0 m | 1.1 bn | 1.2 bn | 1.2 bn | 1.2 bn | 1.2 bn | 1.5 bn |
| Interest expense | 113.0 m | 101.0 m | 96.0 m | 99.0 m | 101.0 m | 106.0 m | 99.0 m | 95.0 m |
| Pre-tax income | 875.0 m | 1.2 bn | 995.0 m | 1.1 bn | 1.0 bn | 1.1 bn | 1.1 bn | 1.3 bn |
| Income tax | 177.0 m | 217.0 m | 33.0 m | 148.0 m | 232.0 m | 219.0 m | 215.0 m | 248.0 m |
| Net income | 698.0 m | 949.0 m | 962.0 m | 923.0 m | 808.0 m | 845.0 m | 904.0 m | 1.1 bn |
| Diluted EPS | 5.34 | 7.25 | 7.37 | 7.16 ≈ | 6.29 | 6.60 | 7.06 | 8.54 ≈ |
| Operating cash flow | 744.0 m | 935.0 m ≈ | 630.0 m ≈ | 1.5 bn | 782.0 m | 862.0 m ≈ | 984.0 m ≈ | 1.7 bn |
| Capex | 95.0 m | 121.0 m ≈ | 88.0 m ≈ | 131.0 m | 89.0 m | 94.0 m ≈ | 103.0 m ≈ | 173.0 m |
| Dividends paid | 210.0 m | 210.0 m ≈ | 210.0 m ≈ | 231.0 m | 228.0 m | 228.0 m ≈ | 227.0 m ≈ | 253.0 m |
| Share repurchases | 94.0 m | 98.0 m ≈ | 668.0 m ≈ | 906.0 m | 522.0 m | 145.0 m ≈ | 340.0 m ≈ | 255.0 m |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 93 percentile of its own 43-quarter history (min 12.7, median 23.0, max 34.3; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.3 bn | 13.7 bn | 14.3 bn | 15.9 bn | 19.1 bn | 19.9 bn | 19.9 bn | 21.5 bn |
| Revenue YoY | +0.1% | −4.4% | +4.8% | +10.6% | +20.2% | +4.5% | −0.4% | +8.3% |
| Net income | 1.5 bn | 1.2 bn | 1.7 bn | 1.3 bn | 2.1 bn | 2.8 bn | 3.5 bn | 3.6 bn |
| Net income YoY | +43.7% | −21.2% | +45.3% | −24.7% | +58.3% | +36.5% | +24.2% | +3.3% |
| Diluted EPS | 11.57 | 9.26 | 13.35 | 10.09 | 16.04 | 21.84 | 27.12 | 28.48 |
| Diluted EPS YoY | +47.8% | −20.0% | +44.2% | −24.4% | +59.0% | +36.2% | +24.2% | +5.0% |
| net % | 10.6% | 8.8% | 12.2% | 8.3% | 10.9% | 14.3% | 17.8% | 17.0% |
| Free cash flow | 1.5 bn | 1.8 bn | 2.4 bn | 2.2 bn | 2.6 bn | 3.0 bn | 3.3 bn | 3.9 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 30 Jun 2026
- Cash
- 501.0 m USD
- Financial debt
- 8.2 bn USD
- Net debt
- 7.7 bn USD
- Equity
- 15.4 bn USD
- Total assets
- 30.9 bn USD
- Debt / equity
- 0.53x
- Current ratio
- 1.26x
- ROE
- 25.1%
- ROA
- 12.1%
- FCF margin
- 18.2%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 14.3 bn | 15.9 bn | 19.1 bn | 19.9 bn | 19.9 bn | 21.5 bn | SEC (XBRL)· 21 Aug 2026verified |
| Cost of revenue | 9.6 bn | 10.6 bn | 12.6 bn | 12.8 bn | 12.5 bn | 13.4 bn | SEC (XBRL)· 21 Aug 2026verified |
| Gross profit | 4.7 bn ≈ | 5.3 bn ≈ | 6.4 bn ≈ | 7.1 bn ≈ | 7.3 bn ≈ | 8.1 bn ≈ | SEC (XBRL)· 21 Aug 2026derived |
| Research & development | 205.0 m | 191.0 m | 258.0 m | 253.0 m | 240.0 m | 267.0 m | SEC (XBRL)· 21 Aug 2026verified |
| SG&A | 2.4 bn | 2.5 bn | 3.4 bn | 3.3 bn | 3.3 bn | 3.5 bn | SEC (XBRL)· 21 Aug 2026verified |
| Operating income | 2.5 bn | 3.0 bn | 3.4 bn | 4.1 bn | 4.3 bn | 5.1 bn | SEC (XBRL)· 21 Aug 2026verified |
| Interest expense | 250.0 m | 255.3 m | 573.9 m | 506.0 m | 409.0 m | 401.0 m | SEC (XBRL)· 21 Aug 2026verified |
| Pre-tax income | 2.2 bn | 1.6 bn | 2.7 bn | 3.6 bn | 4.1 bn | 4.6 bn | SEC (XBRL)· 21 Aug 2026verified |
| Income tax | 500.1 m | 298.0 m | 596.0 m | 750.0 m | 575.0 m | 914.0 m | SEC (XBRL)· 21 Aug 2026verified |
| Net income | 1.7 bn | 1.3 bn | 2.1 bn | 2.8 bn | 3.5 bn | 3.6 bn | SEC (XBRL)· 21 Aug 2026verified |
| Diluted EPS | 13.35 | 10.09 | 16.04 | 21.84 | 27.12 | 28.48 | SEC (XBRL)· 21 Aug 2026verified |
| Weighted average diluted shares | 130.8 m | 130.4 m | 129.9 m | 130.2 m | 130.2 m | 128.1 m | SEC (XBRL)· 21 Aug 2026verified |
| Dividend per share | 3.67 | 4.42 | 5.47 | 6.07 | 6.69 | 7.40 | SEC (XBRL)· 21 Aug 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 733.1 m | 535.8 m | 475.2 m | 422.0 m | 467.0 m | 501.0 m | SEC (XBRL)· 21 Aug 2026verified |
| Receivables | — | — | — | 2.9 bn | 2.9 bn | 3.2 bn | SEC (XBRL)· 21 Aug 2026verified |
| Inventories | 2.1 bn | 2.2 bn | 2.9 bn | 2.8 bn | 2.8 bn | 3.2 bn | SEC (XBRL)· 21 Aug 2026verified |
| Current assets | 5.6 bn | 12.0 bn | 6.8 bn | 6.8 bn | 7.0 bn | 7.7 bn | SEC (XBRL)· 21 Aug 2026verified |
| Property, plant & equipment, net | 2.3 bn | 2.1 bn | 2.9 bn | 2.9 bn | 2.9 bn | 3.0 bn | SEC (XBRL)· 21 Aug 2026verified |
| Goodwill | 8.1 bn | 7.7 bn | 10.6 bn | 10.5 bn | 10.7 bn | 11.1 bn | SEC (XBRL)· 21 Aug 2026verified |
| Intangibles (excl. goodwill) | 3.5 bn | 3.1 bn | 8.5 bn | 7.8 bn | 7.4 bn | 7.3 bn | SEC (XBRL)· 21 Aug 2026verified |
| Total assets | 20.3 bn | 25.9 bn | 30.0 bn | 29.3 bn | 29.5 bn | 30.9 bn | SEC (XBRL)· 21 Aug 2026verified |
| Accounts payable | 1.7 bn | 1.7 bn | 2.1 bn | 2.0 bn | 2.1 bn | 2.4 bn | SEC (XBRL)· 21 Aug 2026verified |
| Short-term debt | 2.8 m | 302.3 m | 2.0 bn | 1.3 bn | 7.0 m | 706.0 m | SEC (XBRL)· 21 Aug 2026verified |
| Long-term debt | 6.6 bn | 9.8 bn | 8.8 bn | 8.4 bn | 7.5 bn | 7.5 bn | SEC (XBRL)· 21 Aug 2026verified |
| Current liabilities | 3.1 bn | 5.9 bn | 7.7 bn | 7.3 bn | 5.8 bn | 6.1 bn | SEC (XBRL)· 21 Aug 2026verified |
| Total liabilities | 11.9 bn | 17.1 bn | 19.6 bn | 17.2 bn | 15.8 bn | 15.5 bn | SEC (XBRL)· 21 Aug 2026verified |
| Equity | 8.4 bn | 8.9 bn | 10.3 bn | 12.1 bn | 13.7 bn | 15.4 bn | SEC (XBRL)· 21 Aug 2026verified |
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 2.6 bn | 2.4 bn | 3.0 bn | 3.4 bn | 3.8 bn | 4.4 bn | SEC (XBRL)· 21 Aug 2026verified |
| Capex | 210.0 m | 230.0 m | 381.0 m | 400.0 m | 435.0 m | 459.0 m | SEC (XBRL)· 21 Aug 2026verified |
| Free cash flow | 2.4 bn ≈ | 2.2 bn ≈ | 2.6 bn ≈ | 3.0 bn ≈ | 3.3 bn ≈ | 3.9 bn ≈ | SEC (XBRL)· 21 Aug 2026derived |
| Investing cash flow | -13.0 k | -418.8 m | -8.2 bn | -298.0 m | 224.0 m | -1.4 bn | SEC (XBRL)· 21 Aug 2026verified |
| Financing cash flow | -2.6 bn | 3.9 bn | -971.0 m | -3.1 bn | -4.0 bn | -2.9 bn | SEC (XBRL)· 21 Aug 2026verified |
| Dividends paid | 475.2 m | 569.9 m | 704.0 m | 782.0 m | 861.0 m | 936.0 m | SEC (XBRL)· 21 Aug 2026verified |
| Share repurchases | 218.8 m | 460.1 m | 297.0 m | 332.0 m | 1.8 bn | 1.3 bn | SEC (XBRL)· 21 Aug 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 63 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 114.7 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation30
- Returns56
- Quality85
- Balance sheet75
- Growth67
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 97.24 – 918.81 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)391.57 – 639.76 (Mid 487.23)WACC 9.0% · starting FCFF 4.2 bn USD · terminal value share of EV 74%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): 31.5%
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E853.51 – 918.81 (Mid 883.78)4 companies used · median multiple 31.0x · quartiles 30.0x – 32.3xCR, CXT, HLIO, WTS
- Dividend discount (DDM)97.24 – 130.78 (Mid 111.54)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 63/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 18.5% | 67 (vs peers) | 13% |
| Net margin · Quality | 17.0% | 100 (vs peers) | 8% |
| FCF conversion · Quality | 107.0% | 100 (on a fixed band) | 8% |
| Revenue CAGR 3Y · Growth | 4.1% | 34 (on a fixed band) | 11% |
| EPS CAGR 3Y · Growth | 21.1% | 100 (on a fixed band) | 11% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 12.6x | 100 (on a fixed band) | 8% |
| Current ratio · Balance sheet | 1.3x | 39 (on a fixed band) | 5% |
| P/E (TTM) · Valuation | 32.0x | 20 (vs peers) | 13% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 3.4% | 43 (on a fixed band) | 11% |
| Shareholder yield (distributions) · Returns | 1.9% | 27 (on a fixed band) | 8% |
| Payout ratio (FCF) · Returns | 24.0% | 100 (on a fixed band) | 5% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet75/100 · 2/3 factors with a value
- Growth67/100 · 2/2 factors with a value
- Quality85/100 · 3/3 factors with a value
- Returns56/100 · 2/2 factors with a value
- Valuation30/100 · 2/3 factors with a value
Memo
PARKER-HANNIFIN CORPORATION (PH). Latest full fiscal year: 2026; data up to 2026-06-30.
Figures computed from the financial statements: revenue 21.5 bn USD in 2026; YoY growth 8.3%; net margin 17.0%; ROE 25.1%.
The estimated value range is 391.57–639.76 USD per share (median of 3 methods, agreement: low); assumptions are illustrative. Against the central value of 487.23 USD, the price of 910.19 USD leaves a potential of -46.5% (value / price − 1) and a margin of safety of -86.8% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 63/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 17.0%
- FCF conversion: 107.0%
- EPS CAGR 3Y: 21.1%
- Interest coverage: 12.6x
- Payout ratio (FCF): 24.0%
What contradicts it
- P/E (TTM): 32.0x
- Shareholder yield (distributions): 1.9%
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/EBITDA.
Versus the vertical median
Miscellaneous Fabricated Metal Products (SIC 3490) · same industry (4-digit SIC) · compared with 7 companies
The size band was not applied: too few companies would have remained; the vertical includes much smaller or larger companies.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| PHParker-Hannifin Corporation | 114.7 bn | 32.0 | 25.1% | 17.0% | +8.3% | +18% / +127% |
| CRCrane Company | 11.9 bn | 35.4 | 16.2% | 12.4% | +8.2% | +13% / +95% |
| MWAMueller Water Products, Inc. | 3.8 bn | 17.0 | 21.7% | 15.0% | +8.7% | −1% / +81% |
| CXTCrane Nxt, Co. | 3.5 bn | 27.3 | 10.5% | 7.1% | +11.4% | +9% / +20% |
| HLIOHelios Technologies, Inc. | 2.2 bn | 31.2 | 7.7% | 8.0% | unavailable | +24% / +74% |
| ZKINZk International Group Co., Ltd. | 10.6 m | — | -15.1% | -5.6% | −34.2% | −25% / +77% |
| HIHOHighway Holdings Limited | 3.9 m | — | -27.3% | -31.7% | −35.2% | −26% / −58% |
| WTSWatts Water Technologies Inc | — | 30.9 | 18.8% | 14.3% | +8.3% | +28% / +84% |
1- and 3-year price returns: for PH from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 544.60 Total return -40% · Per year -40% | 963.00 Total return 7% · Per year 7% | 1,450.81 Total return 60% · Per year 60% |
| 3 years | 524.16 Total return -41% · Per year -16% | 1,043.31 Total return 17% · Per year 5% | 1,726.44 Total return 93% · Per year 25% |
| 5 years | 504.48 Total return -41% · Per year -10% | 1,130.32 Total return 29% · Per year 5% | 2,054.43 Total return 132% · Per year 18% |
- Exit P/E± 260.83
- Net margin± 182.58
- Annual revenue growth± 150.47
- Annual dilution± 15.34
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 21 Aug 2026; since then the company filed 8-K (05 Nov 2026 · results).
In brief
Parker-Hannifin is a global leader in motion and control technologies, designing and manufacturing highly engineered components for aerospace, industrial, transport and energy markets. Net sales reached a record 21.5 billion USD in fiscal 2026, and the company has set higher margin targets for the coming years.
SWOT
Strengths
- The company holds a leading position in most of its major markets and offers a broad portfolio of interconnected technologies that lets it supply complete solutions to customers.
- The Win Strategy business system and the decentralized structure support operational performance and a culture focused on safety and continuous improvement.
- A record backlog and rising orders across all segments give visibility on future revenues.
Weaknesses
- Reliance on a limited number of suppliers for critical components can expose the company to supply interruptions and higher costs.
- High international exposure brings currency and political risks that can affect profitability in certain regions.
- Integrating several large acquisitions at the same time can strain management and internal systems.
Opportunities
- The acquisition strategy and portfolio shift toward aerospace and longer-cycle markets could improve margins and revenue stability.
- Demand from data centers and artificial intelligence infrastructure could open new markets for thermal management and motion products.
- A broader industrial recovery could support organic growth across all market verticals.
Threats
- Trade tensions and tariff changes between the United States and China or North American partners could reduce market access and raise costs.
- Rising cyber threats, including attacks using artificial intelligence, can disrupt IT systems and compromise sensitive data.
- Competition from large global and regional firms can pressure prices and margins.
Risks
- Global economic uncertaintymedium
Volatile macroeconomic conditions, inflation and interest rates can reduce customer investment and orders, and the effect on revenue could be significant if weakness persists.
- International exposurehigh
Operations outside the United States face currency, political and trade risks, including limits on repatriating earnings and sanctions.
- Cybersecurityhigh
A successful cyber attack could interrupt operations or expose confidential data, and insurance coverage might not cover all costs.
- Raw material pricesmedium
Sharp swings in raw material prices can hurt margins if the company cannot pass increases on to customers in time.
- Acquisition integrationmedium
Recent acquisitions and the planned aerospace deal carry integration risks, unexpected costs and possible delays in realizing expected benefits.
Investment thesis
What would need to be true (bull case)
- The company reported record sales and rising segment margins, and its fiscal 2027 guidance points to further growth supported by a broader industrial recovery.
- A record backlog and strong aerospace orders give visibility on revenue, and the fiscal 2031 margin target shows management's ambition.
- A long record of consecutive annual dividend increases and an active share repurchase program show a commitment to returning value to shareholders.
What would break the thesis
- Exposure to international markets and trade tensions could reduce sales or margins if tariffs or restrictions widen.
- Growth through acquisitions brings integration risks, and if expected benefits are delayed, results could fall short of expectations.
- Sharp increases in raw material or component costs could squeeze margins if they cannot be passed on to customers.
What to watch
- Quarterly results and delivery against fiscal 2027 guidance for sales and marginQ1 2027
- Completion of the Filtration Group and CIRCOR Aerospace acquisitions and their effect on margins2027
- Progress toward the 30% adjusted segment operating margin target by fiscal 20312031
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 21 Aug 2026; since then the company filed 8-K (05 Nov 2026 · results).
The business
Parker-Hannifin Corporation, incorporated in Ohio in 1938, describes its activity as centred on motion and control technologies, combining interconnected solutions for customers in aerospace and defense, industrial equipment, transportation, off-highway, energy and HVAC and refrigeration. The company runs a decentralized structure and guides its work through its business system, The Win Strategy.
The company has two reportable segments, Diversified Industrial and Aerospace Systems, and its product range spans seals, filters, valves and pumps as well as braking, fuel and flight control systems for aircraft. No single product contributed more than one percent of total net sales, which limits dependence on any one item.
Market context
Parker operates in highly competitive markets with hundreds of competitors depending on product line and region, but it considers itself a market leader in most major markets for its principal products. Sales from outside the United States were about 36% of the total in 2024 to 2026, a significant international exposure.
For fiscal 2027 the company expects a broadening recovery in industrial markets, which could support organic growth. Backlog of 12.8 billion USD at June 30, 2026 gives visibility on deliveries in the following periods.
Trends
- Industrial market recoverytailwind
Management says the industrial recovery is broadening across all market verticals, which could accelerate sales in the industrial segment if the trend continues.
- Aerospace demandtailwind
Orders in Aerospace Systems grew strongly in the fourth quarter and backlog reached a record, supporting medium-term revenues.
- Trade policy and tariffsmixed
Tariffs and shifts in trade policy can change costs and prices, and the company received tariff refunds that lowered cost of sales, though further refunds remain uncertain.
- Raw material costsheadwind
Prices of steel, copper, aluminum and rubber have fluctuated significantly, and sharp increases could compress margins if they cannot be passed on to customers.
Competitive position
In Diversified Industrial, primary global competitors include Bosch Rexroth, Danaher, Donaldson, Emerson, Festo, Gates and SMC, and competition turns on quality, innovation, distribution capability and aftermarket support. Parker relies on its broad technology portfolio and its global distribution network.
In Aerospace Systems, competitors include Crane, Eaton, Honeywell Aerospace, Moog, RTX, Safran, Senior, Triumph and Woodward. The company cites long-standing customer relationships and engineering capability as its main advantages.
- Eaton CorporationETN
Competitor named in the Aerospace Systems segment, with aerospace components and systems.
- Danaher CorporationDHR
Named among the primary competitors in the Diversified Industrial segment.
- Honeywell Aerospace
Aerospace competitor offering systems and components for commercial and military aircraft.
- Donaldson CompanyDCI
Competitor in filtration and fluid control solutions for industrial markets.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- Parker returns to West Ham as manager in promotion pushCNA (Channel NewsAsia) · 04 Nov 2026 · EN
- Why investors should stay long on AI stocks, according to Trivariate's Adam ParkerCNBC — Top News · 27 Oct 2026 · EN
- America West's Columbus Hub Fell From 46-49 Daily Departures To Just 4 After Doug Parker Cut 90% Of FlyingSimple Flying · 26 Oct 2026 · EN
- Vinul zilei: un Garnacha din Sierra de Gredos, cu arome de fructe roșii coapte, flori, frunze de dafin și accente minerale. Un roșu elegant și proaspăt, cotat cu 94 de puncte James Suckling și 93 de puncte Robert ParkerProfit.ro · 25 Oct 2026 · RO
- Vinul zilei: un Tempranillo din regiunea Toro, cotat cu 92 puncte Robert Parker. Dezvăluie arome de fructe negre coapte, lemn dulce, cuișoare și accente minerale. Un roșu echilibrat, potrivit alături de carne roșie sau brânzeturi maturateProfit.ro · 11 Oct 2026 · RO
- Sarah Jessica Parker, Astrea London Bet Big on Lab Grown Gemstones (Correct)Bloomberg Markets · 05 Oct 2026 · EN
- Vinul zilei: un Malbec de altitudine din Valle de Uco, cotat cu 96 de puncte Robert Parker și 96 de puncte James Suckling. Arome de căpșune, cireșe și prune coapte, susținute de mineralitate elegantă, taninuri fine și un final lung, profund și rafinatProfit.ro · 04 Oct 2026 · RO
- Star Parker : Attempts to slow pace of AI is an overreactionSurge — GDELT DOC · 29 Sept 2026 · RO
- Vinul zilei: cireșe sălbatice, căpșuni și dude roșii într-un vin cotat cu 97 de puncte Robert Parker și 94 de puncte James Suckling, ideal alături de brânzeturi maturate, preparate din carne roșie sau platouri de charcuterieProfit.ro · 27 Sept 2026 · RO
- Legenda baschetului francez Tony Parker, debut cu victorie în Euroligă pe banca echipei Asvel. După 12 ani, Jonas Valančiūnas a revenit în Europa. Toate rezultatele primei zile din Euroliga de baschetMediafax · 24 Sept 2026 · RO
- Uber arbitration award over Emily Normandin-Parker's deathHacker News · 21 Sept 2026 · EN
- Vinul zilei: un spumant proaspăt, echilibrat, cu o textură elegantă, cotat cu 92 puncte Robert Parker, savuros alături de fructe de mare, pește, crustacee, sushi, antreuri sau preparate mediteraneeneProfit.ro · 20 Sept 2026 · RO
- Wyndee Parker: National security adviser, House Minority Leader Hakeem Jeffries (D-NY)The Hill · 15 Sept 2026 · EN
- Measuring Racial Disparities in Police Stops: Evidence from Telemetric Mobility Data -- by Xiaofeng Gong, Yuling Han, Susan T. Parker, Matthew B. Ross, Stephen RossNBER — New Working Papers · 14 Sept 2026 · EN
- Vinul zilei: 93 de puncte Robert Parker pentru un Chardonnay Premier Cru din Puligny-Montrachet. Citricele, fructele exotice și notele fine de pâine prăjită se întâlnesc cu o textură catifelată și o pronunțată tensiune mineralăProfit.ro · 13 Sept 2026 · RO
- Air Pollution and Learning -- by A. Patrick Behrer, Joshua Goodman, J. Parker Goyer, R. Jisung ParkNBER — New Working Papers · 09 Sept 2026 · EN
- Trey Parker and Matt Stone Are Changing the Name of South Park to South AmericaHacker News · 08 Sept 2026 · EN
- Warby Parker (WRBY) Faces a Reality Check After an Underwhelming Glasses LaunchYahoo Finance — News · 01 Sept 2026 · EN
- Patty Mills, din nou alături de Tony Parker, în Euroliga de baschet. Campionul NBA cu San Antonio semnează cu ASVELMediafax · 10 Aug 2026 · RO
- Parker’s positive cocaine test caused by nutritionist, doping body saysAl Jazeera English · 06 Aug 2026 · EN
SEC filings
- Current report03 Nov 2026Shareholder vote
- Proxy statement18 Sept 2026
- Current report14 Sept 2026Other events · Financial statements and exhibits
- Current report10 Sept 2026Other events · Financial statements and exhibits
- Current report08 Sept 2026Other events
- Annual report21 Aug 2026
- Current report13 Aug 2026Acquisition or disposition of assets · Creation of a direct financial obligation · Financial statements and exhibits
- Current report06 Aug 2026Results of operations · Financial statements and exhibits
- Quarterly report01 May 2026
- Current report30 Apr 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-06-30 · SEC / Parker-Hannifin Corporation · 21 Aug 2026
- [2] Form 8-K, results release (exhibit 99.1) · SEC / Parker-Hannifin Corporation · 06 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.