Company Reports

Parker Hannifin reported fiscal fourth-quarter organic sales growth of 8.0% year over year. For the full year, Parker grew its top line 8.3%, and over 100 basis points of operating margin expansion amounted to 18% adjusted earnings per share growth.

Parker Hannifin is a well-run diversified industrial conglomerate with exposure to a wide variety of end markets. We believe part of Parker’s strength lies in its broad range of motion and control technologies, including hydraulics and pneumatics, fluid and gas handling, and sealing. The firm utilizes a network of over 17,000 independent distributors that interface directly with end customers, giving Parker access to high-margin aftermarket revenue as its products have long lifecycles and experience wear and tear. Its 85 divisions are operated in a decentralized fashion; each general manager has full responsibility for their division’s profit and loss and customer experience.

Parker-Hannifin reported third-quarter organic sales growth of 6.5% year over year. Parker's Aerospace Systems segment posted midteens growth, but shares sold off the morning of April 30.

Parker Hannifin is a well-run diversified industrial conglomerate with exposure to a wide variety of end markets. We believe part of Parker’s strength lies in its broad range of motion and control technologies, including hydraulics and pneumatics, fluid and gas handling, and sealing. The firm utilizes a network of over 17,000 independent distributors that interface directly with end customers, giving Parker access to high-margin aftermarket revenue as its products have long lifecycles and experience wear and tear. Its 85 divisions are operated in a decentralized fashion; each general manager has full responsibility for their division’s profit and loss and customer experience.

Parker Hannifin reported second-quarter organic sales growth of 6.6% year over year. Results were driven by strength in Parker's aerospace segment.

Parker Hannifin is a well-run diversified industrial conglomerate with exposure to a wide variety of end markets. We believe part of Parker’s strength lies in its broad range of motion and control technologies, including hydraulics and pneumatics, fluid and gas handling, and sealing. The firm utilizes a network of over 17,000 independent distributors that interface directly with end customers, giving Parker access to high-margin aftermarket revenue as its products have long lifecycles and experience wear and tear. Its 85 divisions are operated in a decentralized fashion; each general manager has full responsibility for their division’s profit and loss and customer experience.

Parker Hannifin's fiscal 2026 first-quarter sales grew 3.7%, and with 160 basis points of operating margin expansion, earnings per share compounded 18% year over year. Management raised its guidance for sales growth, operating margin, and EPS.

Parker Hannifin is a well-run diversified industrial conglomerate with exposure to a wide variety of end markets. We believe part of Parker’s strength lies in its broad range of motion and control technologies, including hydraulics and pneumatics, fluid and gas handling, and sealing. The firm utilizes a network of over 17,000 independent distributors that interface directly with end customers, giving Parker access to high-margin aftermarket revenue as its products have long lifecycles and experience wear and tear. Its 85 divisions are operated in a decentralized fashion; each general manager has full responsibility for their division’s profit and loss and customer experience.

Parker-Hannifin reported full-year 2025 results with flat revenue growth and diluted EPS up over 24%. Management guides for 3% organic sales growth over full-year 2026. Shares are trading slightly up on Aug. 7.

Parker-Hannifin reported year-over-year organic revenue growth of 1% and adjusted up 7%. Management raised full-year guidance for earnings per share, but shares remained flat on May 1.

Parker Hannifin reported its second-quarter 2025 results the morning of Jan. 30. Year over year, organic revenue grew 0.7% and earnings per share increased around 6% from strong margin expansion. We’ve raised our fair value estimate to $500 per share from $450 to reflect our more bullish margin and long-term growth expectations.

Parker Hannifin is a well-run diversified industrial conglomerate with exposure to a wide variety of end markets. We believe part of Parker’s strength lies in its broad range of motion and control technologies, including hydraulics and pneumatics, fluid and gas handling, and sealing. The firm utilizes a network of over 17,000 independent distributors that interface directly with end customers, giving Parker access to high-margin aftermarket revenue as its products have long lifecycles and experience wear and tear. Its 85 divisions are operated in a decentralized fashion; each general manager has full responsibility for their division’s profit and loss and customer experience.

After taking a fresh look at industrial component stalwart Parker Hannifin, we’ve decreased our fair value estimate to $450 per share from $458 to reflect a slightly more bearish outlook for the firm’s long-term growth rate. We’ve maintained our narrow economic moat rating and Standard Capital Allocation Rating.

Parker Hannifin is a well-run diversified industrial conglomerate with exposure to a wide variety of end markets. We believe part of Parker’s strength lies in its broad range of motion and control technologies, including hydraulics and pneumatics, fluid and gas handling, and sealing. The firm utilizes a network of over 17,000 independent distributors that interface directly with end customers, giving Parker access to high-margin aftermarket revenue as its products have long lifecycles and experience wear and tear. Its 85 divisions are operated in a decentralized fashion; each general manager has full responsibility for their division’s profit and loss and customer experience.

Narrow-moat-rated Parker Hannifin reported solid results in its fiscal 2025 first quarter as the company experienced strong aerospace demand. Consolidated revenue grew just 1.4% organically while adjusted operating margin expanded 80 basis points to 25.7%, boosted by robust margin expansion in aerospace systems. That said, Parker's other two segments contributed to the margin expansion but both experienced lower sales in the quarter. After modestly adjusting our explicit forecast for outperformance in aerospace and time value of money effects, we raise our fair value estimate to $458 per share from $446.

Parker Hannifin is a well-run diversified industrial conglomerate with exposure to a wide variety of end markets. Over time, we believe the firm can achieve its goals of outpacing industrial production and margin expansion on the heels of its newest Win Strategy and large acquisitions of Clarcor, Lord, Exotic Metals, and Meggitt. We believe part of Parker’s strength lies in its broad range of motion and control technologies with a wide variety of applications, including hydraulics and pneumatics, fluid and gas handling, and sealing. Parker says about 85% of the revenue from these technologies has intellectual property protection, which we believe helps cement its competitive position, given the long product lifecycles and low reinvestment needs of this business. Parker's acquisitions brought in technologies that filled major gaps in its existing portfolio, including in filtration, engineered materials, and vibration technologies. With these acquisitions, the firm gains an even stronger foothold in the highly attractive higher-margin aftermarket and doubles down on long-cycle businesses.

Parker Hannifin is a well-run diversified industrial conglomerate with exposure to a wide variety of end markets. Over time, we believe the firm can achieve its goals of outpacing industrial production and margin expansion on the heels of its newest Win Strategy and large acquisitions of Clarcor, Lord, Exotic Metals, and Meggitt. We believe part of Parker’s strength lies in its broad range of motion and control technologies with a wide variety of applications, including hydraulics and pneumatics, fluid and gas handling, and sealing. Parker says about 85% of the revenue from these technologies has intellectual property protection, which we believe helps cement its competitive position, given the long product lifecycles and low reinvestment needs of this business. Parker's acquisitions brought in technologies that filled major gaps in its existing portfolio, including in filtration, engineered materials, and vibration technologies. With these acquisitions, the firm gains an even stronger foothold in the highly attractive higher-margin aftermarket and doubles down on long-cycle businesses.

Narrow-moat-rated Parker Hannifin ended its fiscal year with a solid fourth quarter, surpassing our expectations for both revenue and earnings. Full-year consolidated sales rose 4.5%, or 2.3% organically, to $19.9 billion. Additionally, adjusted earnings per share of $25.44 was 18% higher than the prior fiscal year, driven by robust growth and impressive margin expansion in the aerospace systems segment during the year. After reviewing full-year results, we moderately bumped up our long-term margin assumptions, and as a result, we have raised our fair value estimate to $446 per share from $431.

Narrow-moat-rated Parker Hannifin reported solid results for the fiscal third quarter, driven by another strong performance in aerospace. Consolidated organic revenue increased 1.2% year over year to $5.1 billion, and adjusted segment margin expanded 150 basis points to 24.7%. End-market demand in the aerospace segment soared during the quarter, while industrial North America and international lagged, albeit in line with expectations. Based on the recent results in aerospace and industrial, we have adjusted our near-term organic growth levels for both segments. As such, we have raised our fair value estimate to $431 per share from $417 because of higher consolidated profitability and time value of money effects.

Parker Hannifin is a well-run diversified industrial conglomerate with exposure to a wide variety of end markets. Over time, we believe the firm can achieve its goals of outpacing industrial production and margin expansion on the heels of its newest Win Strategy and large acquisitions of Clarcor, Lord, Exotic Metals, and Meggitt. We believe part of Parker’s strength lies in its broad range of motion and control technologies with a wide variety of applications, including hydraulics and pneumatics, fluid and gas handling, and sealing. Parker says about 85% of the revenue from these technologies has intellectual property protection, which we believe helps cement its competitive position, given the long product lifecycles and low reinvestment needs of this business. Parker's acquisitions brought in technologies that filled major gaps in its existing portfolio, including in filtration, engineered materials, and vibration technologies. With these acquisitions, the firm gains an even stronger foothold in the highly attractive higher-margin aftermarket and doubles down on long-cycle businesses.