Parker-Hannifin Corp (PH)

Parker-Hannifin Corporation, incorporated in Ohio in 1938, is a global leader in motion and control technologies. It designs, manufactures and provides aftermarket support for highly engineered solutions, drawing on interconnected technologies that include hydraulics, pneumatics, electromechanical, filtration, fluid and gas handling, process control, engineered materials and climate control. The company runs a decentralized operating structure and uses a business system called The Win Strategy, which sets goals for engaged people, customer experience, profitable growth and financial performance.

Parker reports two segments. Diversified Industrial accounted for 67% of the $21.5 billion in fiscal 2026 net sales and Aerospace Systems for 33%. Diversified Industrial sells standard and custom-engineered products, including electric and hydraulic pumps, motors and valves, pneumatic actuators and regulators, seals, filtration solutions, fluid conveyance hose and tubing, fittings, sensors, electronics and controllers, adhesives, coatings, and thermal management and vibration control products. Aerospace Systems supplies airframe and engine components and systems, including avionics, fuel systems, braking systems, fuel tank inerting, electric power, flight control systems, electromechanical actuators, hydraulic pumps and valves, fire detection and suppression, engine exhaust systems and thermal management. The company offers hundreds of thousands of part numbers, and no single product contributed more than 1% of net sales.

Parker serves several hundred thousand OEM and distribution customer locations in aerospace and defense, in-plant and industrial equipment, transportation, off-highway, energy, and HVAC and refrigeration markets. Diversified Industrial sells to OEMs and to distributors serving the aftermarket, mainly through field sales employees and independent distributors. Aerospace Systems sells directly to OEMs and end users through regional sales organizations, serving platforms such as commercial and regional transport, defense fixed wing, helicopters and jets. Backlog was $12.8 billion at June 30, 2026, up from $11.0 billion a year earlier, and about 70% of it is scheduled for delivery within twelve months. The business is generally not seasonal.

The company operates through divisions in 44 countries and had about 59,850 employees at June 30, 2026, roughly 30,830 of them at foreign subsidiaries. Its principal raw materials are steel, brass, copper, aluminum, nickel, rubber, thermoplastics and chemicals, which it expects to be available from numerous sources, and its primary energy source is electric power. Diversified Industrial competitors include Bosch Rexroth, Danfoss, Donaldson, Festo, Gates, SMC, Swagelok and Trelleborg. Aerospace Systems competitors include Eaton, Honeywell Aerospace, Moog, RTX, Safran and Woodward. Parker completed the acquisitions of Curtis Instruments in September 2025 and Filtration Group in August 2026, and has agreed to acquire CIRCOR's aerospace business. Its headquarters are at 6035 Parkland Boulevard, Cleveland, Ohio.