With a market cap of $127.4 billion, Parker-Hennefin Corporation (PH) is a global manufacturer of motion and control technologies serving the aerospace and defense, industrial equipment, transportation, energy, and HVAC and refrigeration markets in North America, Europe, Asia Pacific and Latin America. Operating through its diversified industrial and aerospace systems segments, the company offers a broad portfolio of products including filtration, sealing, fluid transfer, actuation, control, and thermal management solutions.
Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and Parker-Hannifin fits that criteria perfectly. Headquartered in Cleveland, Ohio, the company sells its products primarily to original equipment manufacturers through distributors and direct sales channels.
Shares of the motion and control products maker were down 2.5% from a 52-week high of $1,034.96. Shares of Parker-Hannifin have risen 17.8% over the past three months, outperforming the broader Nasdaq Composite ($NASX)’s 3.5% decline over the same period.
PH stock has gained 15.1% on a YTD basis, outpacing the NASX’s 2.8% decline over the same period. Long-term, PH stock has gained 51.3% over the past 52 weeks, compared to the NASX’s 19.9% gain.
PH stock has consistently traded above its 50-day and 200-day moving averages since May 2025.
Shares of Parker-Hannifin rose 3.5% on Jan. 29 after the company reported record fiscal 2026 sales of $5.2 billion (+9%), adjusted EPS of $7.65 (+17%), and adjusted segment operating margin increased to 27.11 with a sharp improvement in profit. Investor sentiment was further boosted by strong order-wise growth of 9%, including +14% in aerospace, and a record backlog of $11.7 billion, marking continued demand, particularly from the aerospace and defense markets.
The stock also gained on management’s updated full-year fiscal 2026 guidance, with adjusted EPS now expected at $30.40 to $31 and a view of higher sales and margins.
In contrast, competitor Illinois Tool Works Inc. ( ITW ) has slightly outperformed PH stock on a YTD basis, with ITW shares gaining 17.6%. However, shares of Illinois Toolworks have returned 9.7% over the past 52 weeks, lagging behind PH stock.
