Truist Highlights Margin Strength After Parker-Hannifin's (PH) Q2 Earnings Beat

Parker-Hannifin Corporation (NYSE:PH) is included among the 12 Best HVAC Stocks to Buy Now.

On January 30, Truist lifted its price target on Parker-Hannifin Corporation (NYSE:PH) to $1,139 from $1,097 and reiterated its Buy rating. The analyst pointed to the company’s second-quarter earnings beat and said margin performance remains a clear strength, according to the research note shared with investors.

A day earlier, on January 29, Parker raised its full-year profit outlook, citing strong demand in aerospace and steady growth in its filtration business as customers place more emphasis on cleaner air and water solutions. The company’s $9.25 billion acquisition of Filtration Group also deepened its exposure to the aftermarket, a segment that tends to generate recurring, higher-margin revenue through replacement parts and ongoing maintenance after the initial equipment sale.

CEO Jenny Parmentier said the company was increasing its guidance “on the strength of robust aerospace demand and a continued gradual recovery in our industrial markets.” Parker now expects adjusted profit for 2026 to range between $30.40 and $31.00 per share, up from its prior outlook of $29.60 to $30.40 per share.

For the quarter ended December 31, Parker reported revenue of $5.17 billion, compared with $4.74 billion in the same period last year. Aerospace systems stood out, with segment sales climbing 14.5% to $1.71 billion.

Parker-Hannifin Corporation (NYSE:PH) focuses on motion and control technologies, designing and manufacturing highly engineered systems while also providing aftermarket support across a wide range of industrial and aerospace applications.

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