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Parker-Hannifin Corporation (PH) Stock News

PH NYSE

Parker-Hannifin Corporation reports news around its motion and control technologies business, which supplies hydraulic, electromechanical, climate control and filtration components used in aerospace, mobile equipment, transportation and industrial automation applications. Company updates commonly address quarterly sales, organic growth, orders, segment operating margin, earnings per share, operating cash flow and full-year outlook.

Recurring developments for PH also include share repurchases, cash dividend declarations, investor conference presentations and governance or capital-structure announcements. The company’s news reflects an industrial manufacturer with a broad component portfolio and exposure to customer orders, product mix, acquisitions, divestitures, supply relationships and large program execution.

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Parker Hannifin (PH) declared a regular quarterly cash dividend of $2.00 per common share, payable December 4, 2026. Shareholders of record on November 13, 2026, will receive the payment. This marks the company's 306th consecutive quarterly dividend.

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Parker Hannifin (PH) will release fiscal 2027 first-quarter earnings before the market opens on November 5, 2026. A conference call will follow at 11:00 a.m. Eastern time to discuss results and answer questions from institutional investors and security analysts. The call will be webcast at investors.parker.com with accompanying slides, with a replay available later that day.

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Parker Hannifin (NYSE: PH) will webcast its Annual Meeting of Shareholders on October 28, 2026, at 9:00 a.m. Eastern time.

The webcast will be accessible at investors.parker.com and will remain archived for one year.

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Parker Hannifin (NYSE: PH) declared a regular quarterly cash dividend of $2.00 per share for common shareholders of record on August 31, 2026, payable on September 11, 2026. This marks the company’s 305th consecutive quarterly dividend and extends its record of 70 consecutive fiscal years of annual dividend-per-share increases.

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Parker Hannifin (NYSE: PH) has completed its previously announced acquisition of Filtration Group Corporation, positioning Parker Filtration as one of the largest global industrial filtration businesses with complementary technologies and strong aftermarket presence for critical applications.

Filtration Group Corporation expands Parker’s portfolio in key growth markets including life sciences, HVAC/R, and in-plant and industrial, adding validated, specified and often sole-sourced brands. According to Parker, the acquisition is expected to add about $1.8 billion to fiscal 2027 sales over the first 10.5 months of ownership, with roughly 60% of sales in Diversified Industrial Segment North America and 40% in International.

The transaction is expected to be neutral to adjusted EPS in the first quarter of fiscal 2027 and accretive to adjusted EPS for the full fiscal 2027 year. Parker estimates pre-tax cost synergies of approximately $220 million by the end of year three.

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Parker Hannifin (NYSE: PH) reported record fiscal 2026 fourth quarter and full year results. Q4 sales rose 9.8% to $5.8 billion with 8.0% organic growth, net income increased 18% to $1.1 billion and adjusted EPS grew 21% to a record $9.27. Q4 segment operating margin reached 26.5%, or 28.0% on an adjusted basis.

For fiscal 2026, sales increased 8.3% to a record $21.5 billion, organic sales grew 6.6%, net income was $3.6 billion and adjusted net income $4.1 billion. EPS was $28.48 and adjusted EPS a record $32.31. Segment operating margin was 24.5%, or 27.3% adjusted, and operating cash flow was a record $4.4 billion (20.3% of sales). The company completed the Curtis Instruments acquisition, agreed to acquire Filtration Group Corporation and CIRCOR’s Commercial and Defense Aerospace Business, returned nearly $2 billion to shareholders, and raised its annual dividend 11%, marking 70 consecutive years of dividend increases.

For fiscal 2027, Parker Hannifin guides to 5.5%–8.5% reported and organic sales growth, segment operating margin of 24.5%–24.9% (27.5%–27.9% adjusted), and EPS of $30.00–$31.00, or $34.25–$35.25 on an adjusted basis. The company also raised its longer-term adjusted segment operating margin target by 300 basis points to 30% by fiscal 2031 and reported a record total backlog of $12.8 billion, including $8.5 billion in Aerospace Systems.

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Parker Hannifin (NYSE: PH) plans to release its fiscal 2026 fourth quarter and full year earnings before the market opens on Thursday, August 6, 2026, and will host a conference call at 11:00 a.m. Eastern. The call will be webcast with slides on Parker’s investor website and archived for replay.

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Parker (NYSE:PH) agreed to acquire CIRCOR’s Commercial and Defense Aerospace business for $2.55 billion on a cash-free, debt-free basis. The deal includes expected tax benefits with an estimated NPV of about $75 million and is targeted to close in the second half of 2026.

CIRCOR Aerospace projects 2026 sales of $270 million and adjusted EBITDA margins above 40% before synergies, with double-digit sales growth. Parker expects the acquisition to be immediately accretive to sales growth, EBITDA margins, adjusted EPS and cash flow.

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Parker Hannifin (NYSE:PH) agreed to acquire CIRCOR Aerospace from KKR-owned CIRCOR for $2.55 billion. KKR, which bought CIRCOR for $1.8 billion in 2023, will retain the Industrial and Naval businesses.

The deal is expected to close in the second half of 2026, subject to customary conditions and regulatory approvals.

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Parker (NYSE: PH) reported fiscal 2026 third-quarter results with record sales of $5.5 billion (up 11%) and organic sales +6.5%. Adjusted EPS rose 18% to a record $8.17 and year-to-date operating cash flow was a record $2.6 billion. Orders were +9% and backlog reached $12.5 billion. The company raised fiscal 2026 guidance to reported sales +7% and expects adjusted EPS $31.20.

Reported net income and GAAP EPS declined versus prior year due to a prior discrete tax benefit; the company increased its quarterly dividend and repurchased $275 million of stock.

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FAQ

What is the current stock price of Parker-Hannifin (PH)?

Parker-Hannifin (PH) last closed at $899.82.

What is the market cap of Parker-Hannifin (PH)?

The market cap of Parker-Hannifin (PH) is approximately $113.5B.