Parker-Hannifin stock trades at USD 978 as Wells Fargo turns Hold
Published on 09/28/2026 at 11:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Parker-Hannifin stock was last quoted at USD 978.33 on the NYSE on September 25, 2026, up USD 3.35 or 0.34 percent from the prior close. The latest quarterly results showed adjusted earnings per share of USD 9.27 against consensus of USD 8.31, while revenue reached USD 5.75 billion, according to MarketBeat on September 26, 2026.
Wells Fargo shifts to Hold
MarketBeat reported on September 26, 2026 that Wells Fargo upgraded Parker-Hannifin to Hold. The wider analyst consensus remained Moderate Buy, with 16 Buy ratings, three Holds and an average price target of USD 1,119.55.
The target stands 14.44 percent above the USD 978.33 reference price. The comparison matters because the stock remains below its 52-week high of USD 1,099.94, while the 52-week low is USD 715.37, leaving a wide trading span of USD 384.57.
Credit capacity supports CIRCOR deal
Parker-Hannifin entered a new revolving credit agreement on September 4, 2026, lifting the available revolving line to USD 5.0 billion and the commercial paper program to the same amount, according to StockTitan in its coverage of the September 8, 2026 filing.
The financing is tied to Parker-Hannifin's planned purchase of CIRCOR International's Commercial and Defense Aerospace business for USD 2.55 billion in cash. The company also expects access to a delayed draw term loan of up to USD 2.0 billion, making funding flexibility a central part of the acquisition story.
Market value stays near USD 123.4 billion
Parker-Hannifin had a market capitalization of USD 123.4 billion and volume of 591,887 shares as of September 25, 2026. The stock's latest session range ran from USD 966.24 to USD 980.79, placing the reference price USD 121.61 below the 52-week high.
For investors, the current setup combines above-consensus quarterly earnings with a larger financing base for aerospace expansion. The next valuation checkpoint is whether the CIRCOR transaction adds enough aerospace scale to offset the debt capacity used to fund it.
Parker-Hannifin market snapshot
- Company: Parker-Hannifin Corporation
- Ticker: PH
- Trading venue: New York Stock Exchange
- Price as of September 25, 2026, 4:00 p.m. ET: USD 978.33
- Market capitalization: USD 123.4 billion as of September 25, 2026
- 52-week range: USD 715.37-USD 1,099.94 as of September 25, 2026
- Sector / Industry: Industrials / Industrial Machinery
