TD Cowen Lifts Parker-Hannifin (PH) PT to $650 Amid Record Performance, Strong Aerospace Backlog.

Parker-Hannifin Corporation (NYSE:PH) is one of the stocks to invest in before they split next. On August 29, TD Cowen raised the firm’s price target on Parker-Hannifin to $650 from $575, while keeping a Hold rating on the shares. Prior to this sentiment, the company released its record-breaking results for both Q4 and the full FY2025.

Parker-Hannifin Corporation reported a total revenue of $19.9 billion for the fiscal year, achieving a record adjusted segment operating margin of 26.1%, which is an increase of 1.2% over the previous year.  The company generated a record $3.8 billion in cash flow from operations and achieved $3.3 billion in free cash flow, representing 16.8% of sales and a 109% conversion rate. Adjusted  EPS grew by 7% for the year. Additionally, Parker-Hannifin ended the fiscal year with a record backlog of $11 billion.

The Aerospace segment was a major driver of the company’s success, with record sales of $6.2 billion and 13% organic growth for the fiscal year. Its backlog reached a record $7.4 billion. In contrast, the Industrial segment experienced negative organic growth, although its adjusted segment operating margin reached a record 25.1%, which was an increase of 0.9%.

Parker-Hannifin Corporation (NYSE:PH) manufactures and sells motion & control technologies and systems for aerospace & defense, in-plant & industrial equipment, transportation, off-highway, energy, and HVAC & refrigeration markets. It has 2 segments: Diversified Industrial and Aerospace Systems.

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Disclosure: None. This article is originally published at Insider Monkey.