Parker-Hannifin shares slide as investors digest Q3 results and a raised—but not blowout—full-year outlook

Parker-Hannifin Corporation (PH) is down 4.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The move looks like a “sell-the-news” reaction to quarterly results and updated full-year targets that, while strong, may not have exceeded already-high expectations. Investors may also be reacting to the optics of lower GAAP net income and GAAP EPS versus last year, when results benefited from a one-time discrete tax item.

Details:

The company reported fiscal Q3 (ended March 31, 2026) sales rising 11% to a record $5.5 billion, with organic sales up 6.5% and total orders up 9%.

Adjusted EPS rose to a record $8.17, but GAAP EPS fell year over year to $7.06, largely because the prior-year quarter included a one-time discrete tax benefit.

The company raised its fiscal-year outlook, targeting about 7% reported sales growth, about 5.5% organic sales growth, and adjusted EPS of about $31.20.

This could also reflect guidance/cadence concerns: published estimates implied the updated revenue outlook was close to, but not meaningfully above, consensus expectations.

Sources:

Parker-Hannifin Investor Relations, Associated Press, MarketBeat

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 53 times in the past 6 months. Of those trades, 0 have been purchases and 53 have been sales.

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

ANDREW D ROSS (President & COO) has made 0 purchases and 14 sales selling 7,152 shares for an estimated $6,885,637.
BEREND BRACHT (VP & Pres.- Motion Sys. Grp.) has made 0 purchases and 4 sales selling 6,091 shares for an estimated $5,540,508.
JENNIFER A PARMENTIER (Chief Executive Officer) has made 0 purchases and 9 sales selling 4,706 shares for an estimated $4,690,288.
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
TODD M. LEOMBRUNO (EVP & CFO) has made 0 purchases and 6 sales selling 2,062 shares for an estimated $2,066,814.
RACHID BENDALI (VP & Pres.- Eng. Mat. Grp.) has made 0 purchases and 2 sales selling 1,849 shares for an estimated $1,640,523.
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
JAY REIDY (VP & Pres.- Aerospace Grp.) sold 391 shares for an estimated $337,675

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.

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$PH Hedge Fund Activity

We have seen 814 institutional investors add shares of $PH stock to their portfolio, and 771 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 2,561,747 shares (-74.1%) from their portfolio in Q4 2025, for an estimated $2,251,673,143
JPMORGAN CHASE & CO removed 1,130,712 shares (-63.4%) from their portfolio in Q4 2025, for an estimated $993,850,619
HOLOCENE ADVISORS, LP added 374,542 shares (+273.4%) to their portfolio in Q4 2025, for an estimated $329,207,436
FMR LLC added 338,937 shares (+9.1%) to their portfolio in Q4 2025, for an estimated $297,912,065
NUVEEN, LLC removed 266,001 shares (-19.4%) from their portfolio in Q1 2026, for an estimated $238,134,735
BLACKROCK, INC. removed 256,157 shares (-2.6%) from their portfolio in Q4 2025, for an estimated $225,151,756
BALYASNY ASSET MANAGEMENT L.P. added 236,087 shares (+359.8%) to their portfolio in Q4 2025, for an estimated $207,511,029

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.

$PH Government Contracts

We have seen $129,762,985 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:

PARKER ACTUATOR PBL: $39,913,990
ACTUATORS PBL: $25,840,776
ACTUATORS PBL: $6,639,317
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

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$PH Congressional Stock Trading

Members of Congress have traded $PH stock 7 times in the past 6 months. Of those trades, 1 have been purchases and 6 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 5 times. They made 1 purchase worth up to $15,000 on 03/12 and 4 sales worth up to $60,000 on 02/26, 02/09, 01/16.
REPRESENTATIVE BYRON DONALDS sold up to $15,000 on 01/08.
REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 10/31.

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.

$PH Analyst Ratings

Wall Street analysts have issued reports on $PH in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Overweight" rating on 01/30/2026
Wells Fargo issued a "Overweight" rating on 01/30/2026
Keybanc issued a "Overweight" rating on 01/06/2026
Truist Securities issued a "Buy" rating on 12/18/2025
Argus Research issued a "Buy" rating on 11/10/2025
Susquehanna issued a "Positive" rating on 11/07/2025

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 17 analysts offer price targets for $PH in the last 6 months, with a median target of $1038.0.

Here are some recent targets:

Andrew Kaplowitz from Citigroup set a target price of $1137.0 on 04/13/2026
Nathan Jones from Stifel set a target price of $1000.0 on 04/10/2026
Joseph O'Dea from Wells Fargo set a target price of $980.0 on 04/01/2026
Daniel DiCicco from BMO Capital set a target price of $1090.0 on 03/27/2026
Joshua Pokrzywinski from Morgan Stanley set a target price of $1038.0 on 02/24/2026
David Raso from Evercore ISI Group set a target price of $1168.0 on 02/23/2026
Julian Mitchell from Barclays set a target price of $1020.0 on 01/30/2026

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.