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Cleveland, Ohio-based Parker-Hannifin Corporation (PH) manufactures and sells motion and control technologies and systems. Valued at $86.9 billion by market cap, PH is a leading diversified industrial manufacturer that offers motion-control and fluid systems and industrial components, flight control, hydraulic, fluid conveyance, thermal management, pneumatic, and lubrication systems, and components for aerospace markets.
Shares of this industrial giant have outperformed the broader market over the past year. PH has gained 21% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 9.8%. In 2025, PH stock is up 4.1%, surpassing SPX’s marginal dip on a YTD basis.
Zooming in further, PH’s outperformance looks less pronounced compared to the iShares U.S. Industrials ETF (IYJ). The exchange-traded fund has gained about 10.3% over the past year. Moreover, PH’s gains on a YTD basis outshine the ETF’s 2.5% returns over the same time frame.
On May 1, PH shares closed up marginally after reporting its Q3 results. Its adjusted EPS of $6.94 surpassed Wall Street expectations of $6.73. The company’s revenue was $4.96 billion, missing Wall Street forecasts of $5 billion. PH expects full-year adjusted EPS in the range of $26.60 to $26.80.
For the current fiscal year, ending in June, analysts expect PH’s EPS to grow 5% to $26.72 on a diluted basis. The company’s earnings surprise history is impressive. It beat the consensus estimate in each of the last four quarters.
Among the 19 analysts covering PH stock, the consensus is a “Strong Buy.” That’s based on 15 “Strong Buy” ratings, one “Moderate Buy,” and three “Holds.”
This configuration is less bullish than two months ago, with 16 analysts suggesting a “Strong Buy.”
On May 16, Mizuho Financial Group, Inc. (MFG) analyst Brett Linzey kept an “Outperform” rating on PH and raised the price target to $785, implying a potential upside of 18.6% from current levels.
The mean price target of $729.72 represents a 10.3% premium to PH’s current price levels. The Street-high price target of $827 suggests an upside potential of 25%.
