Parker-Hannifin Slides as Investors Appear to Turn Cautious Ahead of Earnings

Parker-Hannifin Corporation (PH) is down 4.6% today. Here is some analysis on what might have caused this price movement.

Analysis: A clear single-day catalyst is not obvious, so this could be because investors are taking profits and trimming exposure ahead of Parker-Hannifin’s fiscal 2026 fourth-quarter earnings on August 6. The pullback also may reflect caution after a strong run in the shares, even though the company has recently posted record sales, raised full-year guidance, and announced another aerospace acquisition.

Details:

Parker-Hannifin scheduled its fiscal 2026 fourth-quarter and full-year earnings release for August 6, which can make investors more cautious heading into the report.

In its most recent quarterly release, Parker reported record third-quarter sales of about $5.5 billion, adjusted EPS of $8.17, and updated fiscal 2026 guidance higher.

The company also agreed in May to buy CIRCOR’s commercial and defense aerospace business for $2.55 billion, adding another major capital-allocation item for investors to assess.

S&P recently revised its outlook on Parker-Hannifin to positive, citing strong operating performance and lower leverage, so today’s decline looks more like a sentiment or positioning move than a deterioration in the underlying business.

Sources:

Parker-Hannifin Investor Relations, SEC, S&P Global Ratings

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$PH Insider Trading Activity

$PH insiders have traded $PH stock on the open market 45 times in the past 6 months. Of those trades, 0 have been purchases and 45 have been sales.

Here’s a breakdown of recent trading of $PH stock by insiders over the last 6 months:

JENNIFER A PARMENTIER (Chief Executive Officer) has made 0 purchases and 9 sales selling 4,706 shares for an estimated $4,690,288.
ANDREW D ROSS (President & COO) has made 0 purchases and 10 sales selling 4,664 shares for an estimated $4,659,338.
THOMAS C GENTILE (VP-Global Supply Chain) has made 0 purchases and 11 sales selling 3,702 shares for an estimated $3,564,547.
MARK J HART (EVP-HR & External Affairs) sold 2,804 shares for an estimated $2,829,572
BEREND BRACHT (VP & Pres.- Motion Sys. Grp.) has made 0 purchases and 2 sales selling 2,584 shares for an estimated $2,508,421.
TODD M. LEOMBRUNO (EVP & CFO) has made 0 purchases and 6 sales selling 2,062 shares for an estimated $2,066,814.
DINU J PAREL (VP & Chief Digital & Info Off.) has made 0 purchases and 2 sales selling 1,316 shares for an estimated $1,250,263.
ANGELA R IVES (VP & Controller) sold 1,066 shares for an estimated $1,015,151
PATRICK SCOTT (VP & Pres.-Fluid Conn.) sold 833 shares for an estimated $818,888
MATTHEW A. JACOBSON (VP & Pres.-Filtration Grp.) sold 564 shares for an estimated $535,766
RACHID BENDALI (VP & Pres.- Eng. Mat. Grp.) sold 412 shares for an estimated $414,776

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$PH Hedge Fund Activity

We have seen 823 institutional investors add shares of $PH stock to their portfolio, and 740 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS removed 974,240 shares (-37.5%) from their portfolio in Q1 2026, for an estimated $872,178,617
PRICE T ROWE ASSOCIATES INC /MD/ removed 754,730 shares (-28.1%) from their portfolio in Q1 2026, for an estimated $675,664,485
ARISTOTLE CAPITAL MANAGEMENT, LLC removed 592,976 shares (-21.8%) from their portfolio in Q1 2026, for an estimated $530,855,834
BANK OF AMERICA CORP /DE/ removed 443,301 shares (-11.3%) from their portfolio in Q1 2026, for an estimated $396,860,787
MORGAN STANLEY added 421,312 shares (+19.8%) to their portfolio in Q1 2026, for an estimated $377,175,354
BLACKROCK, INC. added 409,912 shares (+4.3%) to their portfolio in Q1 2026, for an estimated $366,969,618
QUBE RESEARCH & TECHNOLOGIES LTD added 364,565 shares (+362.1%) to their portfolio in Q1 2026, for an estimated $326,373,170

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$PH Government Contracts

We have seen $68,532,235 of award payments to $PH over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

MANUFACTURING AND REMANUFACTURING OF VALUES, PUMPS, FUEL NOZZLES, SENSORS, INDICATORS, MANIFOLDS, ETC TO SU...: $3,032,081
NOZZLE, FUEL, INJECTI SUPPORTING THE F110 ENGINE.: $2,660,901
ACTUATORS PBL: $2,448,220
8511554104!CYLINDER ASSEMBLY,A: $1,863,742
MODIFICATION OF THE DESIGN OF TEF SERVO PART NUMBER 349900-1015: $1,830,000

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$PH Congressional Stock Trading

Members of Congress have traded $PH stock 9 times in the past 6 months. Of those trades, 6 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $PH stock by members of Congress over the last 6 months:

REPRESENTATIVE DAVID TAYLOR has traded it 6 times. They made 3 purchases worth up to $45,000 on 05/15, 03/12 and 3 sales worth up to $45,000 on 02/26, 02/09.
SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.
REPRESENTATIVE JARED MOSKOWITZ has traded it 2 times. They made 2 purchases worth up to $30,000 on 03/23 and 0 sales.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$PH Analyst Ratings

Wall Street analysts have issued reports on $PH in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Overweight" rating on 05/07/2026

To track analyst ratings and price targets for $PH, check out Quiver Quantitative's $PH forecast page.

$PH Price Targets

Multiple analysts have issued price targets for $PH recently. We have seen 9 analysts offer price targets for $PH in the last 6 months, with a median target of $1060.0.

Here are some recent targets:

Jamie Cook from Truist Securities set a target price of $1269.0 on 07/02/2026
Varun Govindaraj from Bernstein set a target price of $1026.0 on 06/10/2026
Joseph O'Dea from Wells Fargo set a target price of $950.0 on 05/26/2026
Chigusa Katoku from JP Morgan set a target price of $1060.0 on 05/07/2026
Andrew Kaplowitz from Citigroup set a target price of $1141.0 on 05/01/2026
Nathan Jones from Stifel set a target price of $1000.0 on 04/10/2026
Daniel DiCicco from BMO Capital set a target price of $1090.0 on 03/27/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.