JP Morgan Cuts Parker-Hannifin (PH) Price Target to $1,131

JP Morgan has maintained its Overweight rating on Parker-Hannifin with a price target of $1,131, a 17.81% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:00 PM EDT

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JP Morgan cut its price target on Parker-Hannifin Corporation ($PH) to $1,131 from $1,140 on October 9, 2026, and rates the stock "Overweight".

Since the rating, $PH is up 0.1% after 1 week and up 0.1% to date (from the $962.56 close on Oct 9, 2026).

PH Parker-Hannifin Corporation

$963.34 +8.42% year to date

Daily close · Oct 16, 2026

Key Points

On October 9, 2026, JP Morgan reiterated its Overweight rating on Parker-Hannifin Corporation and set a price target of $1,131.
JP Morgan's $1,131 price target implies 17.81% upside from Parker-Hannifin Corporation's ($PH) current $960 share price.
Currently, Parker-Hannifin trades at $960, which is about 15.1% below the analyst's target.
The company has a strong revenue growth rate of 9.8% year-over-year and a solid net margin of 17.0%.

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JP Morgan has reiterated its Overweight rating on Parker-Hannifin Corporation (NYSE: PH) on October 9, 2026, setting a price target of $1,131. This target is lower than its previous target of $1,140. Currently, the stock trades at $960, about 15.1% below the analyst's price target.

Other Institutional Activity in Parker-Hannifin

Several other institutional investors have also shown interest in Parker-Hannifin. Blackrock Inc. grew its holdings by 390,027 shares, bringing its total to 10,390,711 shares valued at approximately $10.0 billion. State Street Corporation added 42,975 shares to end with 9,385,389 shares worth about $9.0 billion. Vanguard Capital Management LLC increased its stake by 33,622 shares, resulting in 8,234,180 shares valued at around $7.9 billion.

Parker-Hannifin Corporation Stock Down 0.2%

As of October 16, 2026, Parker-Hannifin's recent trading price of $960 is below the analyst's target of $1,131. This gap suggests potential for growth if the stock aligns with the target in the future.

12-month forecast

$PH price target

Parker-Hannifin Corporation daily closes and this analyst's $1,131 target. Not advice.

Recent Earnings

Parker-Hannifin reported a trailing twelve-month revenue of approximately $21.5 billion and an earnings per share (EPS) of $28.49. The company's revenue growth year-over-year stands at 9.8%, while it boasts a net margin of 17.0%. The next earnings report is scheduled for November 5, 2026.

Dividend

Parker-Hannifin offers a dividend rate of $8.00 per share, with a payout ratio of 26.0%. This reflects the company's commitment to returning value to shareholders while maintaining adequate reinvestment for growth.

Insider Buying and Selling at Parker-Hannifin Corporation

Several insiders sold shares recently. Chief Technology Officer Dinu John Parel sold 4,469 shares, valued at approximately $4.7 million, on August 14, 2026. Officer Patrick M. Scott sold 1,235 shares for about $1.3 million on August 17, 2026. Additionally, Officer Berend Bracht sold 602 shares at an average price of $1,040.47, totaling around $626,363 on August 26, 2026.

Analysts Set New Price Targets

On October 9, 2026, JP Morgan maintained its Overweight rating on Parker-Hannifin with a target of $1,131, down from $1,140. Other recent ratings include UBS, which maintained a Buy rating with a target of $1,250 on August 7, and Evercore ISI Group, which also maintained an Outperform rating with a target of $1,217 on August 11.

About Parker-Hannifin

Parker-Hannifin Corporation, based in Cleveland, OH, manufactures and sells motion and control technologies for various markets, including aerospace, defense, and industrial equipment. With 59,850 employees, the company operates through two main segments: Diversified Industrial and Aerospace Systems. This focus on diverse markets positions Parker-Hannifin well for future growth.

Bottom Line

Investors will be looking ahead to the next earnings date on November 5, 2026, for further insights into Parker-Hannifin's performance. With JP Morgan's reiterated rating and price target, the stock's movement in relation to this target will be closely watched.