Parker Hannifin faces a fresh analyst cut, shares near $964

Parker Hannifin comes into Tuesday with a new Wells Fargo price target cut to $950 and a recent close near $963.90 on the NYSE. Analysts still frame the shares as a Moderate Buy, and the next earnings date is estimated for August 6.

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-30, 14:05.

Parker Hannifin (US7010941019) opens Tuesday with a new Wells Fargo note and a fresh valuation cut. The bank lowered its price target to $950 from $980 and kept an Overweight rating, according to a live market update on June 30.

What Wells Fargo said

Wells Fargo analyst Joseph O'Dea cut the target in a note that also pointed to 2027 consensus EPS of about $34.00. The update was carried in a current market summary that cited the new target and the unchanged rating source note on the guidance and target change.

That comes after Parker Hannifin reported fiscal third-quarter EPS of $8.17 on April 30, above the $7.84 consensus, while the company also raised full-year guidance on the same day. MarketBeat’s current page still shows the recent earnings beat and the guidance update MarketBeat earnings page.

Tuesday's consensus view

The broader analyst picture remains constructive. MarketBeat lists Parker Hannifin with a Moderate Buy consensus, based on 1 strong buy, 17 buy, 4 hold and no sell ratings, which fits a stock that has already had a long run-up this year NYSE analyst summary.

TradingKey showed the shares at $963.470 in New York at the June 29 close, with a market cap of $121.52 billion and a technical signal that still points to Buy. That gives Tuesday’s analyst note a clear local anchor on the NYSE TradingKey technical page.

How Parker makes money

Parker Hannifin builds motion and control systems used in aerospace, industrial and mobile equipment. Hydraulic components, filtration systems and precision motion technology sit at the center of that model.

NYSE price check

The Parker Hannifin shares (US7010941019) trade on 2026-06-29, 16:00 on the NYSE at 963.47 US dollars.

Parker Hannifin at a glance

• Company: Parker-Hannifin Corporation
• ISIN: US7010941019
• Ticker: PH
• Trading venue: NYSE
• Price (as of 2026-06-29, 16:00): 963.47 USD
• Market cap: 121.52 billion USD (as of 2026-06-30)
• Sector / industry: Industrials - Aerospace & Defense / Industrial Machinery
• Index membership: S&P 500
• Next earnings date: 2026-08-06

Disclaimer: This article is for information only and does not constitute investment advice.