JPMorgan cuts target for Parker-Hannifin stock to USD 1,131.00

Published on 10/12/2026 at 11:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan cut its target to USD 1,131.00 on October 9, 2026. Parker-Hannifin stock was EUR 859.70 on October 12, 2026.

Key points in brief

JPMorgan cut its Parker-Hannifin price target from USD 1,140.00 to USD 1,131.00 on October 9, 2026.
Fiscal 2026 revenue rose 8.3 percent to USD 21.5 billion, while adjusted earnings per share increased 18 percent to USD 32.31.
Parker-Hannifin stock was trading at EUR 859.70 at Lang & Schwarz on October 12, 2026 at 11:08 a.m. CEST.
Fiscal 2027 guidance calls for 5.5 percent to 8.5 percent organic sales growth and adjusted earnings per share of USD 34.25 to USD 35.25.

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Parker-Hannifin (ISIN US7010941042) was trading at EUR 859.70 at Lang & Schwarz on October 12, 2026 at 11:08 a.m. CEST. JPMorgan cut its price target from USD 1,140.00 to USD 1,131.00 while maintaining an overweight rating in a note dated October 9, 2026, according to MarketBeat.

The target moved lower

The target reduction contrasts with Parker-Hannifin's latest operating figures. The company reported fiscal 2026 fourth-quarter sales of USD 5.75 billion, up 9.8 percent year over year, and adjusted earnings per share of USD 9.27, above the USD 8.27 consensus estimate, according to Simply Wall St on October 6, 2026.

For fiscal 2026, revenue reached USD 21.50 billion, an 8.3 percent increase from fiscal 2025, while adjusted earnings per share rose 18 percent to USD 32.31. That combination gives the target cut a valuation context rather than signaling a reversal in the reported operating trend.

What does guidance imply?

Management's fiscal 2027 guidance calls for organic sales growth of 5.5 percent to 8.5 percent and adjusted earnings per share of USD 34.25 to USD 35.25, as reported by Simply Wall St on October 6, 2026. The range implies continued expansion, but the lower JPMorgan target shows that valuation assumptions remain an important counterweight.

Three dated company events

On November 10, 2025, Parker-Hannifin announced a USD 9.30 billion agreement to acquire Filtration Group, according to Simply Wall St. On August 6, 2026, fiscal fourth-quarter sales reached USD 5.75 billion and adjusted earnings per share came to USD 9.27. On October 9, 2026, JPMorgan lowered its target to USD 1,131.00 from USD 1,140.00, according to MarketBeat.

Upcoming dates and price

The next earnings report is scheduled for October 29, 2026, according to Investing.com. Parker-Hannifin stock was trading at EUR 859.70 at Lang & Schwarz on October 12, 2026 at 11:08 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Parker-Hannifin stock.