Reading the tape
NYSE: PH
Parker-Hannifin Corporation
Industrials · Industrial - Machinery
Market Cap
$111.35B
52w High
$1,034.96
52w Low
$608.31
P/E
31.99
Volume
1.47M
Outstanding Shares
126.22M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inHigh confidence
1Y Price: 44.6%Revenue (TTM): 6.03%FCF (TTM): 17.71%P/FCF: 95th pct
What changed
The stock rose 44.6% over the last year. Revenue grew 6.03% over the trailing twelve months. Operating margin moved from 20.36% to 20.87%. Free cash flow grew 17.71% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (95th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 20.87% — continued expansion would be needed to justify the premium. Revenue growth of 6.03% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide.
CEOJennifer A. Parmentier
SectorIndustrials
IndustryIndustrial - Machinery
Employees61,120
IPO dateMar 17, 1980
Valuation
Forward P/E—
EV/EBITDA18.22
Enterprise value$98.79B
Stock splits
Oct 2, 2007↑ Forward
Every 2 shares became 3
Sep 8, 1997↑ Forward
Every 2 shares became 3
Jun 2, 1995↑ Forward
Every 2 shares became 3
Jun 9, 1986↑ Forward
Every 2 shares became 3
Sep 8, 1981↑ Forward
Every 2 shares became 3
May 16, 1977↑ Forward
Every 2 shares became 3
Profitability & growth
Revenue growth10.6%
Gross margin37.23%▲2.61%vs FY2024
Operating margin20.87%▲4.49%vs FY2024
ROE25.81%▲9.54%vs FY2024
Analyst consensus
RatingBuy
Target price$1,042.08▲18.12%
24
Buy
13
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 6, 2026
Q3 FY26 · EPS est $8.29 · Revenue est $5.59B
View
Dividends
$7.40/shareQuarterlyDividend Aristocrat · 40yrEx-div May 8, 2026 · in 5dSafePH pays a dividend with a 0.84% declared yield, 40 consecutive years of growth, growing at 15.06% annually, covered 3.9× by free cash flow.
Declared Yield
0.84%
Annual Div / Share
$7.40
TTM $7.20
5yr CAGR
+15.06%
Doubles every ~4.9yr
Payout Ratio
26.26%
Safe
Dividend Growth Rate
3yr CAGR
+10.6%
5yr CAGR
+15.06%
10yr CAGR
+11.37%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$7.40+10.6%
2025$6.69+10.2%
2024$6.07+11.0%
2023$5.47+23.8%
2022$4.42+20.4%
2021$3.67+4.3%
2020$3.52+11.4%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$8/yr
$1/mo
In 5 yrs
$15/yr+76%
$1/mo
In 10 yrs
$26/yr+211%
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$8/yr $1/mo | $15/yr+76% $1/mo | $26/yr+211% $2/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 0.84% → 2.61% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
PH has raised its dividend for 40 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 3.9× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 15.06% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in PH
STOCK Act disclosures from senators and representatives.
Jared Moskowitz
FLhouseDemocratPurchase2026-03-31$1,001 - $15,000+31d to discloseJared Moskowitz
FLhouseDemocratPurchase2026-03-23$1,001 - $15,000+39d to disclose
David Taylor
OHhouseRepublicanPurchase2026-03-12$1,001 - $15,000+11d to disclose