Parker-Hannifin (NYSE:PH) Shares Gap Down – Here’s What Happened

Parker-Hannifin Corporation (NYSE:PH)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $947.50, but opened at $896.00. Parker-Hannifin shares last traded at $915.4140, with a volume of 317,552 shares traded.

Key Stories Impacting Parker-Hannifin

Here are the key news stories impacting Parker-Hannifin this week:

• Positive Sentiment: Quarterly beat and record sales — Revenue rose ~11% to a record $5.5B and adjusted EPS was a record $8.17, topping estimates, showing continued organic growth and margin expansion. GlobeNewswire
• Positive Sentiment: Raised FY26 adjusted EPS guidance to $31.20 and increased sales outlook, supporting forward earnings power (adjusted guidance slightly above EPS consensus). MarketBeat guidance note
• Positive Sentiment: Strong cash generation and capital return — YTD operating cash flow was a record ~$2.6B and the company repurchased $275M of shares in the quarter, which supports shareholder value. GlobeNewswire
• Neutral Sentiment: Beat vs. estimates but some metrics hinge on adjustments — Zacks and other outlets highlight that adjusted metrics outperformed, while GAAP figures were affected by last year’s discrete tax item, making comparisons less straightforward. Zacks
• Neutral Sentiment: Dividend increase announced — Board raised the quarterly dividend ~11% to $2.00, which is supportive for income investors but typically a slower catalyst for price moves. InsiderMonkey
• Negative Sentiment: GAAP net income and EPS declined year‑over‑year due to a prior one‑time tax benefit, creating negative optics despite strong adjusted results — this contributed to a sell‑the‑news reaction. QuiverQuant
• Negative Sentiment: Insider and institutional selling noted — recent disclosures show multiple insider sales and large institutional reductions that may add selling pressure near current levels. QuiverQuant insider data

Analyst Upgrades and Downgrades

PH has been the topic of a number of analyst reports. Truist Financial set a $1,139.00 price target on Parker-Hannifin in a research note on Friday, January 30th. Morgan Stanley upped their price target on Parker-Hannifin from $945.00 to $1,038.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Parker-Hannifin in a report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their target price on Parker-Hannifin from $1,083.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $1,100.00 price target on shares of Parker-Hannifin in a report on Friday, January 30th. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,000.60.

Parker-Hannifin Trading Down 6.0%

The company has a current ratio of 1.18, a quick ratio of 0.66 and a debt-to-equity ratio of 0.52. The stock has a 50 day simple moving average of $950.16 and a 200-day simple moving average of $900.72. The firm has a market cap of $112.37 billion, a P/E ratio of 32.51, a P/E/G ratio of 3.13 and a beta of 1.25.

Parker-Hannifin (NYSE:PH) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.81 by $0.36. The business had revenue of $5.49 billion during the quarter, compared to analyst estimates of $5.40 billion. Parker-Hannifin had a return on equity of 27.56% and a net margin of 17.29%.The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company earned $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. On average, equities research analysts expect that Parker-Hannifin Corporation will post 31.04 EPS for the current fiscal year.

Parker-Hannifin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 8th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 8th. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. Parker-Hannifin’s dividend payout ratio is 29.18%.

Insider Buying and Selling

In other Parker-Hannifin news, VP Berend Bracht sold 1,457 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $946.48, for a total value of $1,379,021.36. Following the sale, the vice president owned 2,580 shares in the company, valued at $2,441,918.40. This trade represents a 36.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Dinu J. Parel sold 1,316 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $950.05, for a total value of $1,250,265.80. Following the completion of the sale, the vice president owned 6,534 shares in the company, valued at approximately $6,207,626.70. The trade was a 16.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 10,063 shares of company stock worth $9,891,214 over the last ninety days. Corporate insiders own 0.32% of the company’s stock.

Institutional Investors Weigh In On Parker-Hannifin

Institutional investors and hedge funds have recently bought and sold shares of the company. HFM Investment Advisors LLC raised its position in Parker-Hannifin by 1,000.0% during the 4th quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. Texas Capital Bancshares Inc TX purchased a new position in Parker-Hannifin during the 3rd quarter worth $25,000. Lloyd Advisory Services LLC. purchased a new position in shares of Parker-Hannifin in the fourth quarter worth about $31,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of Parker-Hannifin by 80.0% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 16 shares during the period. Finally, First Command Advisory Services Inc. lifted its holdings in shares of Parker-Hannifin by 1,133.3% during the fourth quarter. First Command Advisory Services Inc. now owns 37 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 34 shares during the period. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.