Citigroup raises target for Parker-Hannifin stock to USD 1,234
Published on 10/13/2026 at 11:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Citigroup raised its Parker-Hannifin price target from USD 1,232 to USD 1,234 on October 13, 2026 while keeping a Buy rating.
- Parker-Hannifin stock was trading at EUR 861.90 at Lang & Schwarz on October 13, 2026 at 11:50 a.m. CEST.
- Fiscal 2026 revenue reached USD 21.5 billion, up 8.3 percent from fiscal 2025, while diluted earnings per share rose to USD 28.48.
- The company completed the USD 9.25 billion Filtration Group acquisition on August 13, 2026.
Parker-Hannifin stock (ISIN US7010941042) was trading at EUR 861.90 at Lang & Schwarz on October 13, 2026 at 11:50 a.m. CEST. Citigroup maintained its Buy rating and raised its price target from USD 1,232 to USD 1,234 in an update dated October 13, 2026, according to ScanX.
Three milestones shape the story
On August 6, 2026, Parker-Hannifin reported fiscal fourth-quarter revenue of USD 5.75 billion, up 9.8 percent year over year, and adjusted earnings per share of USD 9.27, according to MarketBeat.
On August 13, 2026, Parker-Hannifin completed its Filtration Group acquisition for USD 9.25 billion, expanding its engineered filtration portfolio, according to Simply Wall St.
On October 13, 2026, Citigroup raised its target by USD 2 while leaving the Buy rating unchanged. The small increase points to a positive but measured reassessment rather than a broad valuation reset.
What does the 2027 outlook mean?
Parker-Hannifin's fiscal 2026 revenue was USD 21.5 billion, an 8.3 percent increase from USD 19.85 billion in fiscal 2025, while diluted earnings per share rose from USD 27.12 to USD 28.48. These figures come from the company's fiscal-year financial statements and are also reflected in its proxy materials filed with the SEC.
The next dated corporate milestones are the annual meeting on October 28, 2026, listed in the SEC proxy statement, and fiscal first-quarter 2027 results on October 29, 2026, listed by MarketWatch.
Price holds the investor lens
The euro quote gives German investors a direct intraday reference for the NYSE-listed industrial company. Parker-Hannifin's primary exchange is the NYSE, where its ticker is PH; the finance quote showed a USD 120.7 billion market capitalization and a USD 717.02 to USD 1,099.94 52-week range as of October 12, 2026.
The current valuation debate therefore rests on execution. Fiscal 2026 operating performance improved, while the Filtration Group purchase adds integration and financing demands that will be tested by the upcoming reporting date.
The further course of trading is shown by the continuously updated real-time quote of Parker-Hannifin stock.
Parker-Hannifin stock facts
- Company: Parker-Hannifin Corporation
- ISIN: US7010941042
- WKN: 855950
- Ticker: PH
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 13, 2026, 11:50 a.m. CEST: EUR 861.90
- Market capitalization: USD 120.7 billion (as of October 12, 2026)
- 52-week range: USD 717.02-1,099.94 (as of October 12, 2026)
- Sector / Industry: Industrials / Industrial machinery and equipment
Market context: Market report S&P 500.
