Parker-Hannifin Q2 sales beat; to buy Filtration Group

Parker-Hannifin

29/01/2026 12:39

Overview

Motion and control tech firm's Q2 sales grew 9%, beating analyst expectations

Adjusted EPS for Q2 rose 17%, beating analyst expectations

Company announced acquisition of Filtration Group Corporation to expand aftermarket business

Outlook

Company increases fiscal 2026 sales growth guidance to 5.5% to 7.5%

Parker-Hannifin raises fiscal 2026 EPS guidance to $26.26-$26.86

Company expects fiscal 2026 adjusted segment operating margin of 27.0% to 27.4%

Result Drivers

SALES GROWTH - Record sales driven by nearly 7% organic growth across all reported businesses, with notable strength in Aerospace Systems

MARGIN EXPANSION - Adjusted segment operating margin increased by 150 basis points, reflecting operational efficiencies

ORDER BACKLOG - Robust order rates, especially in aerospace and defense, increased backlog to a record $11.7 billion

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$5.17 bln
$5.07 bln (19 Analysts)
Q2 Adjusted EPS
Beat
$7.65
$7.17 (21 Analysts)
Q2 EPS
$6.60
Q2 Adjusted Net Income
$980 mln
Q2 Net Income
$845 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for Parker-Hannifin Corp is $980.00, about 7% above its January 28 closing price of $916.27

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nGNXbmCbXD

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)