Parker-Hannifin sells CFC division: what it means for Parker-Hannifin stock

Published on 10/15/2026 at 09:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SK Capital agreed to acquire Parker's CFC division on October 15, 2026. Parker-Hannifin stock costs EUR 855.20 beside a USD 120.6 billion market value.

Annual meeting and asset sale

SK Capital agreed to acquire Parker Hannifin's CFC division on October 15, 2026.
The fiscal 2027 outlook calls for 5.50 to 8.50 percent organic sales growth.
Parker-Hannifin stock trades at EUR 855.20 at 9:43 a.m. CEST at Lang & Schwarz on October 15, 2026.
The annual shareholder meeting is scheduled for October 28, 2026.

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Parker-Hannifin Corporation (ISIN US7010941042) was trading at EUR 855.20 at Lang & Schwarz on October 15, 2026 at 9:43 a.m. CEST. The latest corporate event is an agreement for SK Capital Partners to acquire Parker's North America Composites and Fuel Containment division, according to AKM on October 15, 2026.

Asset sale sharpens the portfolio

The CFC unit supplies differentiated materials for aerospace and defense applications. Financial terms were not disclosed in the release cited by AKM.

The transaction follows Parker's August 2026 acquisition of Filtration Group Corporation. Parker's website describes the acquired business as part of a broader portfolio of engineered filtration technologies and aftermarket capabilities.

What does the October date mean?

The next clearly dated shareholder event is the annual meeting scheduled for October 28, 2026, at 9:00 a.m. Eastern time, according to Manila Times. The company also said its annual dividend has increased for 70 consecutive fiscal years.

Growth comes with execution risk

Parker reported fiscal 2026 revenue of USD 21.5 billion, up from USD 19.85 billion in fiscal 2025, while diluted earnings per share rose from USD 27.12 to USD 28.48. Those figures show a USD 1.65 billion revenue increase and a USD 1.36 earnings-per-share gain between the two fiscal years.

For fiscal 2027, management guidance calls for 5.50 to 8.50 percent organic sales growth 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 puts the midpoint at USD 34.75, making delivery against the outlook the key operating test.

Stock and valuation context

Parker-Hannifin's market capitalization was USD 120.6 billion on October 14, 2026. Its NYSE share price was USD 956.32 after the US session on October 14, 2026, with a 52-week range of USD 721.17 to USD 1,099.94. Parker operates in industrial machinery and supplies motion and control technologies for industrial, aerospace and defense markets.

The stock was trading at EUR 855.20 at Lang & Schwarz on October 15, 2026 at 9:43 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Parker-Hannifin stock.