Citi raises target for Parker-Hannifin stock to USD 1,234

Published on 10/14/2026 at 13:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan cut target from USD 1,140 to USD 1,131 on October 9, 2026. Parker-Hannifin stock costs EUR 855.50 on October 14, 2026 ahead of results.

Analyst action and company dates

Citi raised its Parker-Hannifin target from USD 1,232 to USD 1,234 on October 12, 2026.
Operating cash flow reached USD 4.4 billion in fiscal year 2026 versus USD 3.8 billion in fiscal year 2025.
Parker-Hannifin stock was trading at EUR 855.50 at 1:19 p.m. CEST at Lang & Schwarz on October 14, 2026.

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Parker-Hannifin (ISIN US7010941042) was trading at EUR 855.50 at Lang & Schwarz on October 14, 2026 at 1:19 p.m. CEST. The latest analyst action came from Citi, which raised its price target from USD 1,232 to USD 1,234 on October 12, 2026, according to Markets Insider.

Three dated developments

On August 6, 2026, Parker-Hannifin reported quarterly adjusted earnings per share of USD 9.27 and revenue of USD 5.75 billion, according to MarketBeat.

On August 20, 2026, Parker completed its acquisition of Filtration Group Corporation, adding engineered filtration technologies and aftermarket capabilities, according to Parker.

On October 12, 2026, Citi raised its target from USD 1,232 to USD 1,234 and kept a Buy rating, as part of a third-quarter earnings preview, according to Markets Insider.

What changes before results?

Parker's fiscal year 2026 operating cash flow reached USD 4.4 billion, compared with USD 3.8 billion in fiscal year 2025, while earnings per share rose to USD 28.48 from USD 27.12, according to the company's proxy filing on SEC. The comparison points to cash generation as a central measure for assessing the acquisition strategy.

MarketBeat reported that JPMorgan cut its target from USD 1,140 to USD 1,131 on October 9, 2026, while keeping an Overweight rating. The same report cited 16 Buy ratings and three Hold ratings, with an average target of USD 1,123.10.

Dates for shareholders

Parker's annual meeting is scheduled for October 28, 2026 at 9:00 a.m. EDT, according to the proxy filing. The next earnings date is October 29, 2026, as listed by Investing.com.

Stock remains below its yearly high

The US quote was USD 953.44 on October 13, 2026 at 4:00 p.m. ET, against a 52-week range of USD 721.17 to USD 1,099.94. Parker-Hannifin had a market capitalization of USD 120.2 billion at that market-data timestamp.

The Lang & Schwarz price was EUR 855.50 on October 14, 2026 at 1:19 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Parker-Hannifin stock.