Parker-Hannifin hits record high on upbeat annual forecast

Parker-Hannifin

06/08/2026 15:03

** Parker-Hannifin Corp PH.N shares jump 9.4% to $1,090.05, hitting an intraday record high
** The motion and control tech maker forecasts annual profit above estimates on strong aerospace parts demand
** Co now sees fiscal 2027 adj profit of $34.25-$35.25 per share, with the midpoint above analyst est. of $34.04, according to LSEG data, after also beating Q4 results expectations
** PH benefited from a 13.4% rise in its aerospace systems segment sales to $1.90 bln for Q4
** PH's has jumped ~24% YTD vs about a 13% rise for the S&P 500 .SPX

 (Reporting by Ragini Mathur in Bengaluru)
 ((Ragini.Mathur@thomsonreuters.com;))