Parker Hannifin (PH) stock
Industrials · Industrial Machinery & Supplies & Components
Parker Hannifin (PH) is an Industrial Machinery & Supplies & Components company in the Industrials sector, headquartered in Cleveland, Ohio. As of October 23, 2026, PH closed at $880.57, a market capitalization of $111.05 billion, the 112th largest company in the S&P 500. Over the last twelve months it generated $21.50 billion in revenue (+10% year over year) and $3.90 billion in free cash flow. The stock trades at 30.9x trailing earnings and 22.2x forward earnings.
- 1-year total return: +15.9% (dividends reinvested)
- 5-year return: +25.7% a year
- 52-week range: $755.10 – $1,099.94
- Gross margin 37.5%, operating margin 23.5%
- Dividend yield: 0.91%, 9 straight years of increases
- FI Handbook report card: C+ across 10 metrics
- 12th largest of 83 Industrials stocks in the S&P 500
PH price chart
1Y price change: +14.9% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| PH | -9.3% | +0.8% | +15.9% | +35.3% | +25.7% | +23.6% | +13.5% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1980.
PH key statistics
- Market cap
- $111.1B
- #112 in S&P 500
- P/E (TTM)
- 30.9x
- Forward P/E
- 22.2x
- EPS (TTM)
- $28.48
- Revenue (TTM)
- $21.5B
- +10%
- Free cash flow
- $3.9B
- Gross margin
- 37.5%
- Operating margin
- 23.5%
- Return on equity
- 25.1%
- Dividend yield
- 0.91%
- 52-week range
- $755.10 – $1,100
- Beta
- 1.12
- Price / sales
- 5.2x
- EV / EBITDA
- 21.1x
- Debt / equity
- 0.57x
- Employees
- 59,850
PH report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth9.8%C
- Gross margin37.5%C
- Operating margin23.5%B
- FCF margin18.2%B
- Return on equity25.1%A
- Net debt / EBITDA1.5xC
- Forward P/E22.2xC
- PEG ratio3.2xF
- Shareholder yield2.0%C
- Share count change / yr-0.4%C
Parker-Hannifin financials
Revenue went from $12.0B in fiscal 2017 to $21.5B in fiscal 2026, growing 6.7% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.0B | $14.3B | $14.3B | $13.7B | $14.3B | $15.9B | $19.1B | $19.9B | $19.9B | $21.5B |
| Gross profit | $2.8B | $3.6B | $3.6B | $3.4B | $4.7B | $5.3B | $6.4B | $7.1B | $7.3B | $8.1B |
| Operating income | $1.8B | $2.0B | $2.2B | $2.0B | $2.5B | $3.0B | $3.4B | $4.1B | $4.3B | $5.1B |
| Net income | $983.4M | $1.1B | $1.5B | $1.2B | $1.7B | $1.3B | $2.1B | $2.8B | $3.5B | $3.6B |
| EPS (diluted) | $7.25 | $7.83 | $11.57 | $9.26 | $13.35 | $10.09 | $16.04 | $21.84 | $27.12 | $28.48 |
| Free cash flow | $1.1B | $1.3B | $1.5B | $1.8B | $2.4B | $2.2B | $2.6B | $3.0B | $3.3B | $3.9B |
| Buybacks | $338.1M | $381.0M | $860.1M | $216.0M | $218.8M | $460.1M | $297.0M | $332.0M | $1.8B | $1.3B |
| Dividends paid | $345.4M | $365.3M | $412.5M | $453.8M | $475.2M | $569.9M | $704.0M | $782.0M | $861.0M | $936.0M |
| Diluted shares | 135.6M | 135.4M | 131.8M | 129.8M | 130.8M | 130.4M | 129.9M | 130.2M | 130.2M | 128.1M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into PH?
A reverse DCF asks what growth the current price requires. With an enterprise value of $119.3B and $3.9B of trailing free cash flow, Parker-Hannifin needs to grow free cash flow about 21.4% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 10.5% a year over the last five years.
P/E ratio history
Current 30.9x vs. median 21.5x (10th–90th percentile 12.0x–33.0x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
PH dividend
- Dividend yield
- 0.91%
- Annual dividend
- $8.00
- Years of increases
- 9
- 5-yr dividend growth
- 14.8%
- per year
- Payout ratio
- 26%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
PH analyst price targets
24 analysts' average 12-month target is $1,153 (+31% vs. $880.57). Targets range from $680.00 to $1,358. 73% rate it a buy.
PH earnings
Next report: November 5, 2026. Parker-Hannifin has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $5.8B (+10% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 6, 2026 | $8.27 | $9.27 | +12.2% |
| Apr 30, 2026 | $7.83 | $8.17 | +4.4% |
| Jan 29, 2026 | $7.17 | $7.65 | +6.8% |
| Nov 6, 2025 | $6.62 | $7.22 | +9.0% |
| Aug 7, 2025 | $7.08 | $7.69 | +8.6% |
| May 1, 2025 | $6.72 | $6.94 | +3.3% |
| Jan 30, 2025 | $6.23 | $6.53 | +4.9% |
| Oct 31, 2024 | $6.14 | $6.20 | +0.9% |
Stocks like PH
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 ITW Illinois Tool Works | -1.25% | +10% | $78.5B | 25.0x | Compare |
 GWW W.W. Grainger | -0.75% | +41% | $63.6B | 34.4x | Compare |
 OTIS Otis Worldwide | -0.60% | -17% | $28.6B | 19.3x | Compare |
 IR Ingersoll Rand | -0.85% | -8% | $28.5B | 30.2x | Compare |
 DOV Dover | +1.90% | +11% | $26.8B | 23.2x | Compare |
 XYL Xylem | -0.48% | -25% | $25.4B | 25.9x | Compare |
 HUBB Hubbell | +0.52% | +5% | $23.7B | 26.5x | Compare |
 SNA Snap-On | +0.16% | +6% | $18.5B | 18.5x | Compare |
PH news
- Parker to Announce Fiscal 2027 First Quarter Earnings on November 5; Conference Call and Webcast Scheduled for 11 a.m. Eastern · Oct 20, 2026
- Strength in Aerospace Systems Drives PH: Can the Momentum Sustain? · Oct 15, 2026
- Parker to Webcast Annual Meeting of Shareholders on October 28, 2026 at 9:00 a.m. Eastern · Oct 14, 2026
- Is Parker Hannifin’s Premium Valuation a Warning Sign for Dividend Investors? · Oct 11, 2026
- Parker Hannifin (PH) Could Be 15% Undervalued On Record Sales And Fresh Guidance · Oct 7, 2026
PH stock FAQ
What is PH's market cap?
Parker Hannifin's market capitalization is $111.05 billion as of October 23, 2026, ranking 112th in the S&P 500.
What is PH's P/E ratio?
PH trades at a trailing price-to-earnings ratio of 30.9x and a forward P/E of 22.2x. Its median P/E over the period we track is 21.5x.
Does PH pay a dividend?
Yes. Parker Hannifin pays $8.00 per share a year, a 0.91% yield. It has raised its dividend 9 years in a row. Dividends grew 14.8% a year over the last five years.
How much has PH stock returned?
Including reinvested dividends, PH returned +15.9% over one year, +25.7% a year over five years, +23.6% a year over ten years through October 23, 2026.
Is PH stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Parker Hannifin must grow free cash flow about 21% a year for the next decade. Its free cash flow grew 11% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the PH price target?
24 analysts cover PH with an average 12-month price target of $1,152.58, +31% from the current price. 73% of them rate it a buy.
When does PH report earnings?
Parker Hannifin is expected to report earnings on November 5, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Parker Hannifin have?
Parker Hannifin has about 59,850 full-time employees, or $359,215 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology