• Morgan Stanley maintains a "Positive" grade on Parker-Hannifin Corporation (NYSE:PH), raising the price target from $725 to $945.
• Parker-Hannifin consistently outperforms earnings estimates, with an average earnings surprise of 8.43% over the last two quarters.
• The company's stock price currently stands at $930.40, with a market capitalization of approximately $118.86 billion.

Parker-Hannifin Corporation, trading as NYSE:PH, is a leader in the motion and control technology industry. The company is known for its innovative products and solutions that serve a wide range of industries. As a key player in the Zacks Manufacturing - General Industrial industry, Parker-Hannifin competes with other industrial giants, continually striving to maintain its market position.

On January 14, 2026, Morgan Stanley maintained a "Positive" grade for Parker-Hannifin, while keeping the stock action as "hold." At that time, the stock price was around $930.15. Morgan Stanley also raised the price target for PH from $725 to $945, reflecting confidence in the company's future performance.

Parker-Hannifin has consistently outperformed earnings estimates, which has contributed to the positive outlook. In the last two quarters, the company reported an average earnings surprise of 8.43%. In the most recent quarter, PH exceeded expectations by reporting $7.22 per share against an expected $6.67, marking an 8.25% surprise.

In the previous quarter, Parker-Hannifin also surpassed the consensus estimate of $7.08 per share by delivering $7.69 per share, resulting in an 8.62% surprise. This trend of outperforming earnings estimates has led to upward revisions in estimates, suggesting a favorable outlook for its upcoming earnings report.

Currently, PH is priced at $930.40, experiencing a decrease of $7.95, or approximately 0.85%. The stock has seen a low of $928.35 and a high of $937.02 today. Over the past year, PH reached a high of $939.97 and a low of $488.45. The company's market capitalization is about $118.86 billion, with a trading volume of 36,151 shares.