Evercore ISI Reaffirms Outperform on Parker-Hannifin (PH) Despite PT Reduction

With a 5-year average dividend growth rate of 15.06%, Parker-Hannifin Corporation (NYSE:PH) is included among the 14 Best Dividend Stocks to Buy for Steady Growth.

On May 11, Evercore ISI lowered its price recommendation on Parker-Hannifin Corporation (NYSE:PH) to $1,064 from $1,168. It reiterated an Outperform rating on the shares.

During the fiscal Q3 2026 earnings call, Chairwoman and CEO Jennifer Parmentier described the quarter as a period of record performance, which she linked to the strength of the company’s portfolio. She highlighted record third-quarter sales of $5.5 billion, along with 6.5% organic growth and a 26.7% adjusted segment operating margin. She also said adjusted earnings per share rose 18%, while year-to-date cash flow from operations reached $2.6 billion.

Parmentier added that orders increased 9% during the quarter and noted that the company’s backlog reached a record $12.5 billion. She also said integration planning for Filtration Group had already started using the company’s established process. She further stated that the company held the leading position in the $145 billion motion and control industry, which she described as a growing market where Parker-Hannifin continued gaining share. According to Parmentier, nearly two-thirds of revenue came from customers buying four or more technologies.

Parker-Hannifin Corporation (NYSE:PH) specializes in motion and control technologies. The company designs, manufactures, and provides aftermarket support for highly engineered solutions. Its business segments include Diversified Industrial and Aerospace Systems.

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