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Valued at a market cap of $87.3 billion, Parker-Hannifin Corporation (PH) is a global leader in motion and control technologies, providing precision-engineered solutions across a wide range of industries. Based in Cleveland, Ohio, the company serves mobile, industrial, and aerospace markets worldwide.
Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and Parker-Hannifin fits this criterion perfectly. It operates through two main segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment focuses on motion-control and fluid systems, while Aerospace Systems offers products for commercial and military aviation. Parker-Hannifin serves markets worldwide through OEMs, distributors, and direct sales.
However, the motion and control products maker has fallen 3.2% from its 52-week high of $712.42, recorded on Nov. 25. Parker-Hannifin shares have surged 18% over the past three months, outperforming the broader Nasdaq Composite's ($NASX) 15.2% gain during the same period.
Nevertheless, longer term, PH stock has gained 49.7% on a YTD basis, outpacing NASX's 33.5% increase over the same period. Also, PH has risen 57.4% over the past 52 weeks, compared to NASX's 38.9% gains.
PH has consistently traded above both its 50-day and 200-day moving averages since last year.
Shares of Parker-Hannifin rose 1.6% on Oct. 31 following the release of its Q1 2025 results, where adjusted earnings of $6.20 per share exceeded the consensus estimate. Although total sales of $4.9 billion missed the consensus estimate, the company reported strong growth in its Aerospace Systems segment, with a 17.8% year-over-year sales increase to $1.4 billion. Additionally, Parker-Hannifin raised its fiscal 2025 guidance, now expecting adjusted earnings in the range of $26.35 per share - $27.05 per share, further boosting investor optimism.
In contrast, rival Illinois Tool Works Inc. (ITW) is underperforming PH. Illinois Tool Works shares have gained 9.3% over the past 52 weeks and a rise of 4.5% on a YTD basis.
Due to PH's outperformance relative to NASX over the past year, analysts remain bullish about its prospects. Among the 18 analysts covering the stock, there is a consensus rating of “Strong Buy,” and it is currently trading below the mean price target of $755.18.
