Valued at a market cap of $87.3 billion, Parker-Hannifin Corporation (PH) is a global leader in motion and control technologies, providing precision-engineered solutions across a wide range of industries. Based in Cleveland, Ohio, the company serves mobile, industrial, and aerospace markets worldwide.
Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and Parker-Hannifin fits this criterion perfectly. It operates through two main segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment focuses on motion-control and fluid systems, while Aerospace Systems offers products for commercial and military aviation. Parker-Hannifin serves markets worldwide through OEMs, distributors, and direct sales.
However, the motion and control products maker has fallen 3.2% from its 52-week high of $712.42, recorded on Nov. 25. Parker-Hannifin shares have surged 18% over the past three months, outperforming the broader Nasdaq Composite's ($NASX) 15.2% gain during the same period.
Nevertheless, longer term, PH stock has gained 49.7% on a YTD basis, outpacing NASX's 33.5% increase over the same period. Also, PH has risen 57.4% over the past 52 weeks, compared to NASX's 38.9% gains.
PH has consistently traded above both its 50-day and 200-day moving averages since last year.
Shares of Parker-Hannifin rose 1.6% on Oct. 31 following the release of its Q1 2025 results, where adjusted earnings of $6.20 per share exceeded the consensus estimate. Although total sales of $4.9 billion missed the consensus estimate, the company reported strong growth in its Aerospace Systems segment, with a 17.8% year-over-year sales increase to $1.4 billion. Additionally, Parker-Hannifin raised its fiscal 2025 guidance, now expecting adjusted earnings in the range of $26.35 per share - $27.05 per share, further boosting investor optimism.
In contrast, rival Illinois Tool Works Inc. (ITW) is underperforming PH. Illinois Tool Works shares have gained 9.3% over the past 52 weeks and a rise of 4.5% on a YTD basis.
Due to PH's outperformance relative to NASX over the past year, analysts remain bullish about its prospects. Among the 18 analysts covering the stock, there is a consensus rating of “Strong Buy,” and it is currently trading below the mean price target of $755.18.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. More news from BarchartThe views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
