TD Cowen raised target to USD 950 for Parker-Hannifin stock

Published on 10/19/2026 at 10:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TD Cowen lifted its target to USD 950 from USD 850 on October 14, 2026. Parker-Hannifin stock keeps a Hold rating.

Analyst target and company results

TD Cowen raised its Parker-Hannifin target to USD 950 from USD 850 on October 14, 2026.
Parker-Hannifin reported USD 5.75 billion in fiscal fourth-quarter revenue and adjusted earnings per share of USD 9.27.
Parker-Hannifin stock trades at EUR 864.80 at 10:20 a.m. CEST at Lang & Schwarz on October 19, 2026.

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Parker-Hannifin stock was trading at EUR 864.80 at Lang & Schwarz on October 19, 2026, at 10:20 a.m. CEST. The latest analyst catalyst came from TD Cowen, which raised its target to USD 950 from USD 850 while keeping a Hold rating on October 14, 2026, according to Investing.com. The contrast between the target and the rating gives investors a measured read on the industrial machinery company.

Results set the earnings backdrop

Parker-Hannifin reported USD 5.75 billion in fiscal fourth-quarter revenue and adjusted earnings per share of USD 9.27 for the quarter ended June 30, 2026. Revenue increased 9.80 percent from the comparable period, while adjusted earnings per share exceeded the USD 8.31 consensus estimate, according to MarketBeat. Fiscal 2027 adjusted earnings-per-share guidance stands at USD 34.25 to USD 35.25.

Three target changes mark the timeline

On August 20, 2026, Parker completed its USD 9.25 billion acquisition of Filtration Group Corporation, according to Parker Hannifin. Citi then raised its target from USD 1,232 to USD 1,234 on October 12, 2026, according to Markets Insider. TD Cowen followed with its USD 950 target on October 14, 2026, according to Investing.com.

What does the target change mean?

TD Cowen's USD 950 target is below the USD 963.34 primary-market price recorded for Parker-Hannifin on October 16, 2026. Its report pointed to stronger aerospace and heavy-truck activity, while agricultural and residential HVAC demand had reset. The company operates across motion control, aerospace, defense and industrial applications.

Next date is October 28

Parker Hannifin is scheduled to webcast its annual shareholder meeting on October 28, 2026, according to the event listing carried by Markets Insider. The next earnings period remains the key company-specific date for testing the fiscal 2027 guidance range.

Price and investor perspective

The euro quotation gives German investors a direct reference point, while the US analyst targets remain denominated in USD. The latest operating figures combine 9.80 percent revenue growth with guidance of USD 34.25 to USD 35.25 in adjusted earnings per share.

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