Cleveland, Ohio-based Parker-Hannifin Corporation (PH) manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. Valued at $94.9 billion by market cap, Parker-Hannifin operates through Diversified Industrial and Aerospace Systems segments.

The industrial sector giant has notably outperformed the broader market over the past year. PH stock prices have soared 25.1% over the past 52 weeks and 15.3% on a YTD basis, compared to the S&P 500 Index’s ($SPX) 13.3% surge over the past year and 8.3% uptick in 2025.

Narrowing the focus, Parker-Hannifin has also outperformed the sector-focused Industrial Select Sector SPDR Fund’s (XLI) 17.6% gains over the past year and 14.4% returns in 2025.

Parker-Hannifin’s stock prices observed a 4.1% uptick in the trading session following the release of its impressive Q4 results on Aug. 7. Despite the dynamic macro environment, the company delivered strong margin expansion and topline improvement. The company’s net sales for the quarter inched up 1.1% year-over-year to $5.2 billion, exceeding the consensus estimates by 2.7%. Meanwhile, its adjusted net income surged 12.2% year-over-year to $992 million, and adjusted EPS of $7.69 surpassed the consensus estimates by 8.6%.

Further, for the full fiscal 2025, Parker’s operating cash flows grew 11.6% year-over-year to $3.8 billion.

For the full fiscal 2026, ending in June 2026, analysts expect PH to deliver an adjusted EPS of $29.04, up 6.3% year-over-year. Moreover, the company has a robust earnings surprise history. It has surpassed the Street’s bottom-line estimates in each of the past four quarters.

The stock has a consensus “Strong Buy” rating overall. Of the 23 analysts covering the PH stock, opinions include 17 “Strong Buys,” one “Moderate Buy,” and five “Holds.”

This configuration is slightly more optimistic than a month ago, when 16 analysts gave “Strong Buy” recommendations.

On Aug. 15, Susquehanna analyst Charles Minervino initiated Parker-Hannifin’s coverage with a “Positive” rating and set a price target of $860.

As of writing, PH’s mean price target of $786.85 represents a modest 7.3% premium to current price levels. While the street-high target of $880 suggests a notable 20% upside potential.