Parker-Hannifin reported record fiscal 2026 fourth quarter sales of US$5.8b and a 21% jump in adjusted earnings per share, alongside fresh guidance for fiscal 2027. The results extend a strong run for the stock, which is up 10.17% year to date and has delivered a 32.29% one year total shareholder return, with three year and five year total shareholder returns of 155.57% and 268.45%. The company now trades near record levels at a forward P/E in the high 20s, and its most followed narrative pegs fair value at $1,163 per share against a recent close of $984.91, implying roughly 15% undervaluation. Longer-cycle, higher-margin businesses including Aerospace, Engineered Materials and Filtration now represent about 65% of pro forma sales, a mix that could lift recurring and aftermarket revenue. Still, the bull case could slip if organic growth stays near its recent 3.2% pace, and the stock's 34x P/E sits well above the roughly 25x for the US Machinery group and the 28.9x fair ratio.
Parker-Hannifin CorporationParker-Hannifin reported record Q4 sales of $5.8B and a 21% jump in adjusted EPS, plus fresh fiscal 2027 guidance.
