Parker-Hannifin stock gains 1.57 percent near its yearly high

Parker-Hannifin stock (ISIN US7010941019) traded at USD 958.40 on the NYSE on September 22, 2026, gaining 1.57 percent from the prior close. The move leaves the shares 12.9 percent below the 52-week high of USD 1,099.94 and 34.0 percent above the 52-week low of USD 715.37.

Quarterly EPS beats estimates

According to MarketBeat on September 22, 2026, Parker-Hannifin reported quarterly EPS of USD 9.27 for the quarter reported on August 6, 2026. That result exceeded the consensus estimate of USD 8.31 by USD 0.96, or 11.6 percent.

The same report said quarterly revenue increased 9.8 percent year over year in that reported quarter. The combination of double-digit EPS upside against consensus and high-single-digit revenue growth gives the latest results a stronger numerical foundation than the share move alone.

Valuation and analyst expectations

MarketBeat reported on September 22, 2026, that the consensus rating was Moderate Buy across 19 analysts, with an average price target of USD 1,114.55. Relative to the USD 958.40 market price, that target represented 16.3 percent upside in the cited snapshot.

The valuation also sets a clear counter-factor. A forward price-to-earnings ratio of 26.7 was cited for September 22, 2026, while the trailing P/E shown in the market data was 33.64. That spread means future earnings growth is central to the valuation case rather than a low multiple being the main support.

Stock remains below yearly high

Market data for September 22, 2026, showed a daily range of USD 943.31 to USD 964.43, volume of 639,480 shares and market capitalization of USD 120.81 billion. The daily volume was below the reported average volume of 704,405 shares, so the 1.57 percent gain came with turnover below that reference level.

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