Parker-Hannifin stock slips after a Wall Street Zen downgrade
Published on 08/22/2026 at 10:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Parker-Hannifin stock (ISIN US7010941019) slipped after Wall Street Zen lowered the rating to hold on August 22, 2026, while the latest reported quarter showed $5.75 billion in revenue and $9.27 in EPS.
The same report said revenue rose 9.8% year over year and EPS beat the $8.31 consensus by $0.96, a gap that keeps the latest results squarely ahead of expectations.
Rating pressure meets strong results
The downgrade sits against a backdrop of a $126.46 billion market cap, a one-year high of $1,099.94, and a latest close of $1,055.34, which leaves the shares within 4.1% of that high on the quoted chart page.
That close also came with a 20.03% year-to-date gain and 331,797 shares traded in the latest completed session, so the market is still pricing the stock at a premium to its recent history.
On the fundamental side, the company also reported a 16.97% net margin and 28.48% return on equity for the quarter, while FY 2027 guidance was set at 34.250-35.250 EPS.
Backlog adds visibility
Backlog was $12.8 billion at June 30, 2026, up from $11.0 billion a year earlier, and about 70% of that work is scheduled for delivery in the next 12 months.
That mix matters for investors because the backlog now carries both scale and timing: a larger order base and a shorter conversion window support revenue visibility into the second half of 2026 and beyond.
Analyst targets remain clustered well above the latest close, with a consensus target of $1,100.00 and several recent targets above $1,200, which suggests the downgrade did not reset the broader valuation debate.
What Parker sells
The company's motion and control portfolio spans hydraulic and pneumatic components, fittings, valves, pumps, motors, filtration and separation products, and motion-control systems used in industrial and aerospace applications.
That mix helped the company pair $21.5 billion in full-year 2026 revenue with $28.48 in diluted EPS, giving the latest quarter and the full year a clear operating benchmark for the stock.
Share level to watch
As of August 14, 2026, Parker-Hannifin traded at $1,055.34 with a market cap of $133.06 billion and volume of 331,797 shares.
The quote also showed an extended-hours indication of $1,054.16 at 7:34 p.m. Eastern, keeping the shares close to the latest close rather than far from it.
Company
Company: Parker-Hannifin Corporation
ISIN: US7010941019
Ticker: PH
Exchange: NYSE
Price (as of August 14, 2026, 3:59 p.m. ET): $1,055.34 USD
Market cap: $133.06 billion (as of August 14, 2026)
Sector / Industry: Industrials / Industrial Machinery
Index membership: S&P 500
More on Parker-Hannifin stock
The stock combines a recent analyst downgrade, a 9.8% quarterly revenue gain, and a $12.8 billion backlog that gives the business more near-term visibility than a simple headline move suggests.
